Saipem will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black.The company stunned investors in January when…
Dutch marine services company Boskalis has delivered the Hollandse Kust Zuid Beta substation topside to Tennet in the Netherlands after a long journey from Dubai, where it was built.This is the second High Voltage Alternating Current (HVAC) offshore transformer station topside…
Top Western oil producers could experience a hit to revenue if disruptions at a Russian Black Sea port curtail output from Kazakhstan's giant oilfields, highlighting the growing global supply risk after Moscow's invasion of Ukraine.Chevron, Exxon Mobil…
Japan aims to reduce its dependence on Russian energy, but Sakhalin oil and gas projects, in which the Japanese government and companies hold stakes, are important for its energy security, Japan's top government spokesman said on Friday.Shell…
Offshore drilling contractor Seadrill Limited has appointed Simon Johnson, former CEO of Borr Drilling, as its new President and Chief Executive Officer. Johnson will replace Stuart Jackson as President and Chief Executive Officer with immediate effect…
Offshore drilling contractor Diamond Offshore has received approval to relist its unrestricted common stock on the New York Stock Exchange (NYSE) under the ticker symbol 'DO.' 'The company expects the common stock to commence trading on or about Wednesday…
A second man convicted in Britain over how oil contracts were secured in post-occupation Iraq has had his conviction overturned by a London court, further unraveling a blockbuster bribery case prosecuted by the UK Serious Fraud Office (SFO)…
Australian oil and gas company FAR Limited said Thursday it had given notice of termination to Managing Director Catherine Norman. She has also resigned as a director of the company.Norman, a professional geophysicist with over 30 years’ experience…
Japanese firm Mitsui & Co has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the Mainstream, in a move that Mainstream says will pave way for the company to become 'a global renewable energy major…
Offshore wind turbine maker Siemens Gamesa Renewable Energy on Thursday announced the ratification of the recent appointment of the CEO, Jochen Eickholt, as an executive director. Eickholt took over from Andreas Nauen as CEO on March 1.The…
TenneT's investigation has shown that there is no major damage to the HKZ Beta jacket in the Dutch North Sea which was hit by a drifting bulk carrier in a storm in January. This means that the 3,950t topside can be installed on the jacket as planned…
Dutch offshore gangway specialist Ampelmann said Thursday it had secured a contract to support maintenance work on a floating production storage and offloading unit (FPSO) in Ivory Coast.'An A-type motion compensated gangway has been fitted to MMA Offshore’s DP2 vessel…
Shell will invest up to 25 billion pounds ($33 billion) into the energy system in Britain over the next decade, a senior executive at the oil major said, and over 75% of which will be funneled into zero-carbon products and services.Shell plans…
Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…
Oil major Shell has received regulatory approval for the removal of the Petrojarl Knarr FPSO and seabed structures on the Knarr field, offshore Norway.Discovered in 2008, Knarr is a field in the northern part of the North Sea, 50 kilometers northeast of the Snorre field…
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