Offshore drilling company Vantage Drilling International reported a net loss attributable to controlling interest of about $14.9 million in the first quarter of 2022.For comparison, in the first quarter of last year, Vantage Drilling's net loss attributable to controlling interest was $36…
Oslo-listed offshore vessel operator DOF has, through its Brazilian subsidiaries, won new long-term charter and service contracts with Petrobras for four AHTS vessels and ROVs. The vessels, Skandi Angra, Skandi Paraty, Skandi Urca, and Skandi Fluminense…
Offshore accommodation company CBED has won a contract for its Wind Innovation vessel on the DanTysk and Sandbank offshore wind farms in the German North Sea.'With the operations and maintenance service contract with DanTysk Sandbank Offshore Wind GmbH & Co…
Norway's HydraWell and UK-based READ have agreed to merge to create a well integrity specialist focused on late-life oilfield activities, including permanent plugging and abandonment of hydrocarbon wells.According to a statement issued Monday…
Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace the Russian supply.The country is on track in the next few years to double production to about…
OMV will not extend Deputy Chief Executive Johann Pleininger's contract, which is due to expire on Aug. 31 next year, the Austrian energy group said on Saturday, confirming media reports.Austrian newspaper Kurier said OMV's supervisory board…
Shell’s revised plan for the development of the Jackdaw offshore gas field in the UK North Sea expected to be approved soon, according to a report by The Sunday Times.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…
FastBlade, dubbed the world’s first rapid testing facility for tidal turbine blades, was officially opened in Fife, Scotland, on Friday as part of a partnership between the University of Edinburgh and Babcock.The facility will stress test blades…
Norway's Hammerfest LNG plant is now expected to restart on May 23, six days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco and operator Equinor said on Monday.'During the weekend…
German renewable energy company RWE said Monday it was taking part in the Dutch offshore wind tender for Hollandse Kust West (HKW).The news comes after the likes of BP, TotalEnergies, Orsted, Shell, and Eneco, announced their participation in the offshore wind tender…
Brazilian oil company Petrobras has decided not to sell its deepwater assets in the Sergipe-Alagoas Basin offshore Brazil, originally put up for sale in 2018.The company said Saturday it had decided to conclude the competitive process, which was in the binding phase…
Saudi state-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices.Aramco, which is at par with Apple Inc as the world's most valuable company…
Norwegian oil and gas company Equinor has awarded further work to Odfjell Drilling's Deepsea Stavanger offshore drilling rig.The extension was awarded under the continued optionality mechanism in the contract entered into by the two companies in May 2021…
Cory, a UK-based waste management and recycling company, might soon ship carbon dioxide from its 'energy from waste operation' on the River Thames in London to Norway's Northern Lights subsea carbon storage facilities.Cory and Northern Lights…
Tendering activity for jack-up drilling rigs continues to improve, especially in the past two months, with global utilization expected to hit pre-pandemic levels in 2022.This is according to David Mullen, CEO of shallow-water oil and gas drilling rig contractor Shelf Drilling…
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