Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being converted into a research vessel…
TotalEnergies reported a 2.4% drop in third-quarter earnings on Thursday, meeting expectations as the French oil major raised upstream production and achieved improved crude refining margins to help offset lower oil prices.Adjusted net income slipped to $4…
Russia’s Lukoil has accepted an offer from commodity trader Gunvor Group to buy Lukoil International, the wholly owned unit that holds the oil producer’s overseas assets, following the sanctions and restrictive measures introduced primarily by the United States…
Fincantieri, through its subsidiary IDS – Ingegneria dei Sistemi, has signed a memorandum of understanding with Next Geosolutions (NextGeo) to jointly develop unmanned surface vessels (USVs) and related technologies for the oil and gas and renewable energy industries…
Offshore engineering and subsea services firm Acteon and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic memorandum of understanding (MoU) to jointly deliver renewable energy projects across the region.The…
BP has awarded Oceaneering International and SLB multi-million dollar contracts to support a multi-well subsea intervention campaign at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, marking the first use of riserless…