Barcelona-based floating wind technology developer X1 Wind is gearing up to deploy its PivotBuoy floating wind technology in the Canary Islands after completing the assembly and load-out of a fully functional prototype. The aim of the tech is…
Lebanon and Israel resumed U.S.-mediated talks on Tuesday over a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, an official Lebanese source said.The longtime foes held…
State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.Earnings by global energy companies such as Exxon Mobil have climbed on the back of rising crude prices…
The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.'This Danish scheme will contribute to substantial reductions in greenhouse emissions…
Norway-based oil company Vår Energi has awarded a three-year inspection services contract to a strategic partnership between DNV and Vinde Tilkomstteknikk. The contract will cover inspection services to the oil and gas operator’s full portfolio of assets on the Norwegian Continental Shelf…
Indian offshore drilling contractor Aban Offshore has suspended operations at one of its jack-up rigs citing Covid-19 outbreak.In a brief announcement on Monday, Aban Offshore said: 'We hereby inform you that one of our rigs 'Aban IV ' has suspended operations owing to outbreak of COVID-19…
The Shell Robert Training and Conference Center in Louisiana has established a new partnership with Maersk Training, to deliver 'enhanced ' training to the Gulf of Mexico offshore workforce.The agreement will combine the infrastructure and training…
Neptune Energy has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West offshore discovery in the UK Southern North Sea, in a move that will see the discovery developed as a tie-back to the Cygnus offshore platform.Pegasus…
Malaysian oil and gas industry services provider T7 Global has through its subsidiary, Tanjung Offshore received a work order award from Petronas Carigali for the provision of plug and abandonment integrated services for Pulai A field, offshore Malaysia…
A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said.'The Board of Directors of Velesto Energy Berhad [...] regrets to inform that an incident involving one of our rigs…
Gulf Marine Services (GMS), a company providing self-propelled jack-up support vessels serving the offshore oil, gas, and renewables industries, has won a 9-month contract for a K-Class jack-up unit in the MENA region.The UAE-based company said…
China's CMHI Haimen shipyard last Thursday hosted the keel laying ceremony for Jan De Nul's heavy lift crane vessel Les Alizés.Les Alizés, ordered in November 2019, will mainly be used for the construction of offshore wind farms, but will also…
Offshore drilling contractor Valaris, which had filed for bankruptcy in August 2020, said Monday it had on April 30, 2021, successfully completed its financial restructuring and emerged from chapter 11.The Valaris Group's Plan of Reorganization…
OMV New Zealand has confirmed for Offshore Engineer that the company has hired Valaris' Gorila VII jack-up rig for work offshore New Zealand.Following a report last Friday by Bassoe Offshore that the two companies had struck an offshore drilling rig deal…
Italian oil company Eni and Australia-based Santos on Monday agreed to jointly seek cooperation opportunities in Australia and East Timor.Under the non-binding memorandum of understanding, the companies will look at potential optimizations, synergies…
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