Energy logistics services firm Peterson has said it has secured a significant logistics contract from Petrofac to support the offshore installation phase of two 700MW transformation platforms for TenneT’s Hollandse Kust (zuid) offshore grid…
Offshore installation company DEME has agreed to acquire Eidesvik's DP3 offshore installation vessel ‘Viking Neptun’. 'Representing a substantial investment, this move highlights DEME’s commitment to its customers, and supports the continued growth of the offshore wind industry…
Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.Total recoverable reserves from the field, which is operated by Equinor with a 65…
Spanish renewable energy company Iberdrola, via its subsidiary Avangrid Renewables, has, as part of an earlier agreement with Copenhagen Infrastructure Partners, formally concluded an agreement to take control of over 2 GW of US offshore wind capacity…
Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Masirah Oil, a 91.81 percent subsidiary of Rex International, said Monday that gross oil output from the Yumna Field in offshore Block 50 Oman, in December 2021 amounted to 8,440 stock tank barrels per day (stb/d).'Production was choked back…
China's offshore oilfield cluster Bohai, run by state-run CNOOC Ltd, has become the country's largest crude oil producer with output hitting 30.132 million tonnes (602,640 barrels per day) in 2021, state news agency Xinhua reported.Bohai field…
Spanish renewable energy giant Iberdrola and Irish DP Energy have opened new offices of their Irish offshore wind joint venture, in which Iberdrola has a majority stake. The new premises, located at 1 Horgan's Quay, Waterfront Square, in the port city of Cork…
Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.OPEC supply additions are running below their allowed…
Several Democratic U.S. senators said late on Monday, after meeting with Biden administration officials, that they believe sanctions on Russia's Nord Stream 2 pipeline backed by Republican Senator Ted Cruz could harm relations with Germany.Under…
Norwegian oil and gas company Vår Energi has appointed Tone Rognstad to its executive management team as VP People & Organization. Rognstad comes from the position as VP for Project Management and Control at Equinor. She has gained extensive…
Italian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively.In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project…
Malaysian oil and gas company Petronas has signed a collaboration deal with oil major Shell to explore opportunities and project collaborations in carbon capture and storage (CCS) space in Malaysia.The two companies will carry out a CCS Area…
Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…
Offshore engineering and construction company McDermott said Monday it had secured a mega offshore contract from QatarEnergy.Under the award, McDermott will be responsible for the delivery of engineering, procurement, construction, and installation…
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