Germany’s energy regulator said on Wednesday that planning for the country’s power transmission networks was keeping up with the need for new lines to send increasing amounts of renewable power to centers of consumption.“We have made good progress…
Olso-listed offshore energy services provider Reach Subsea has secured two call-offs under one of its frame agreements for 2021 execution.The contracts represent around 45 vessel days and will be performed by the Olympic Delta vessel spread…
Halliburton Co's shareholders voted against the oilfield services provider's proposed executive compensation plan in an advisory motion, the company said on Thursday.Halliburton Chief Executive Officer Jeff Miller said the company was 'disappointed…
Offshore drilling firm Valaris has secured a contract for one of its jack-up rigs in the U.S. Gulf of Mexico.Valaris, which on April 30, 2021 completed its financial restructuring and emerged from chapter 11, said Wednesday that the jack-up…
The European Commission has approved a Polish scheme to support offshore wind farms with 22.5 billion euros ($27.42 billion), it said on Thursday.'The measure will help Poland reach its renewable energy targets without unduly distorting competition…
Wage talks involving thousands of Norwegian oil drilling workers broke down on Thursday, unions and employers said, raising the risk of a strike that could disrupt oil and gas exploration and efforts to boost output from existing fields.The…
Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
Aberdeen-based Balmoral Comtec has noted recent news on offshore wind cable failures, and has offered a solution for the problem in the form of its integrated cable protection stability system.According to the company, its system offers up to…
Norwegian offshore vessel operator Solstad Offshore said Thursday it had reached a settlement deal with the Italian offshore services firm Saipem over a fee for early contract termination for the Normand Maximus vessel.As reported in September 2020…
Oil and gas giant Shell has struck a deal to sell its subsidiary Shell Philippines Exploration B.V. (SPEX) to Udenna Corp's subsidiary Malampaya Energy XP.SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field…
Offshore drilling rig contractor Maersk Drilling said on Thursday it saw some signs of market recovery as it reported that orders in the first quarter were at the highest level in more than three years.The company, which had already on Wednesday lifted its 2021 earnings guidance…
Engineering and construction services giant KBR has won a contract with Nigeria's UTM Offshore to support the development of Nigeria's first Floating Liquefied Natural Gas (FLNG) facility.Acting as Owner's Engineers, KBR will be responsible…
For the next three months, three wind farm survey vessels will be busy in the Southern North Sea at the North Falls offshore wind farm site in the UK.North Falls, a proposed extension to the existing Greater Gabbard Offshore Wind Farm, is located…
Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said…
U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…
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