Offshore drilling contractor Shelf Drilling has signed an agreement for the sale of Baltic jack-up rig for $60 million with an undisclosed client.The buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Southeast Asia…
UK-based oil and gas company Viaro Energy reached an agreement with Shell and ExxonMobil for the acquisition of a full working interest in the Shell-operated UK Southern North Sea assets owned by the two supermajors.Viaro Energy made the deal…
Oil and gas company Enauta has completed all subsea system and lines connections with the floating production storage and offloading (FPSO) Atlanta, ahead of first oil production expected in August.Ongoing activities currently include mandatory adaptations by regulatory agencies…
U.S. marine robotics company Ocean Infinity has completed an offshore wind farm survey for Ørsted and PGE in the Polish sector of the Baltic Sea, using lean crewed vessel and real-time remote data management.The project team based in Ocean Infinity’s operations centre in Gothenburg…
Offshore drilling company Valaris has secured approximately $715 million in new contracts and extensions since its last fleet status report issued three months ago.Contract backlog of $715 million excludes lump sum payments such as mobilization fees and capital reimbursements…
BP increased its dividend and extended its share repurchasing programme on Tuesday as it reported a forecast beating second-quarter profit of $2.76 billion, with weak refining offset by stronger oil prices and retail.The result will ease pressure…
Heavy lift and transport services firm Mammoet has entered into agreement to become the exclusive contractor for the provision of heavy lift and transport services at Steel River Quay, which lies at the heart of the Teesworks industrial zone in Teesside…
BP has taken a final investment decision on the Kaskida project in the U.S. Gulf of Mexico, with the oil production expected to start in 2029.Kaskida will be BP’s sixth hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80…
Oilfield services firm Baker Hughes beat analysts' estimates for second-quarter profit on Thursday, powered by higher demand for its drilling services and equipment in international markets.The results echo those from SLB and Halliburton, as…
Danish wind turbine maker Vestas has received a firm wind turbine order for the OranjeWind offshore wind farm, formerly known as Hollandse Kust West VII, in the Netherlands.Vestas will be supplying 53 V236-15.0 MW wind turbines and is responsible for the supply…
The drilling operations on the Selene exploration well in the Southern North Sea have begun with Valaris 123 rig.Shell, as the operator of the license P2437, has informed the drilling of the well 48/8b-3 has started using Valari’s Valaris 123 drilling rig…
Oilfield services firm Helmerich & Payne Inc will acquire Britain's KCA Deutag International for $1.97 billion in cash, making the combined company one of the biggest rig providers in the Middle East, the companies said on Thursday.Oilfield…
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced the availability of its final Environmental Impact Statement (EIS) for a proposed wind project offshore Maryland.US Wind is seeking approval for its proposed Maryland offshore wind project…
Green Marine (UK)’s initiative looking to retrofit crew transfer vessels (CTV) with hydrogen, fuel cells and battery, with the aim to cut emissions while servicing offshore wind farms, has been granted Approval in Principle (AiP) by global classification society RINA…
Saipem and Curtiss-Wright Corporation have reached a new milestone for the subsea applications industry, having completed the qualification process of an all-electric seabed barrier fluid-less pump.Developed based on proprietary solutions inherited from the nuclear sector…