Offshore drilling contractor Borr Drilling has secured a binding Letter of Award for its jack-up drilling rig Mist.The deal is with the Abu Dhabi-based Mubadala Petroleum for drilling in Thailand. The contract length has an estimated duration of 210 days…
The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…
U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…
The head of powerful armed group Hezbollah warned on Wednesday that 'no one' would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its 'rights' in extracting from areas off of its own coast.'If you don't give us the rights that our state is asking for…
Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The vessel will be equipped with launch and recovery systems (LARS) and ROVs before the delivery to Reach Subsea…
Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the future of the Nord Stream 1 gas pipeline to Germany would depend on gas demand in Europe and Western sanctions against Russia.The pipeline from Russia to Germany is undergoing annual maintenance until July 21…
Africa-focused oil and gas company VAALCO Energy has agreed to merge with TransGlobe Energy Corporation in a deal that will see VAALCO acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million…
Copenhagen Infrastructure Partners (CIP) and Tokyu Land Corporation (TLC) said Thursday they were teaming up to develop the Aomori South offshore wind project, located in northern Japan.The two companies have formed a new joint venture firm Aomori South Offshore Wind GK…
Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook as it sees increased activity from oil and gas companies, with tender activity heading for a new record, it said on Thursday.The company now expects its 2022 revenues to rise by around 30% year-on-year…
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won…
Norwegian shipbuilder Ulstein Verft AS said it has secured a contract from Norway-based Olympic to build two Construction Service Operation Vessels (CSOVs), with options for two additional vessels.The vessels, which are based on the ULSTEIN…
Response crews have collected more than one million gallons of oil from a Gulf of Mexico spill that has been ongoing for nearly 20 years.The U.S. Coast Guard (USCG) and partner agencies have been working to contain oil that continues to leak from damaged wells in Mississippi Canyon Block 20 (MC-20)…
Tullow Oil Chief Executive Rahul Dhir said on Wednesday no tweaks to the planned all-share merger with Capricorn Energy were necessary, when asked about criticism about the deal as it stands from some Capricorn shareholders.Dhir said Tullow was talking to shareholders of both companies…
Offshore wind installation services firm Seaway 7 has awarded CRP Subsea a contract to provide 140 NjordGuard cable protection systems and bellmouths for Changfang and Xidao (CFXD) offshore wind farms located off the west coast of Taiwan. The…
Africa-focused Tullow Oil said on Wednesday it expected to make $200 million in free cashflow this year at an average oil price of $95 a barrel, adding that it sees no cashflow in the first half after an arbitration payment and an acquisition…