Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…
Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday…
Dutch offshore services provider Boskalis has said it has won a contract for the transportation and installation of the export cables for a large offshore wind farm development. The value of this contract for Boskalis is considered to be ‘significant'…
Oil and gas company ConocoPhillips has received license extensions for the production licenses in the Greater Ekofisk Area offshore Norway from 2028 to 2048. Ekofisk, Norway's first commercial offshore oil discovery made in 1969, was brought online in 1971…
PetroRio has terminated the proposed sale of its stake in the Manati field in Brazil to Gas Bridge.The companies had signed a sale and purchase deal (SPA), however, PetroRio said Wednesday it had formally notified Gas Bridge S.A. of the SPA termination…
Oilfield services firm TechnipFMC has said it has won a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract with Wintershall Dea Norge AS for its Maria revitalization project, offshore Norway. For TechnipFMC…
French oil major TotalEnergies has been given more time to pay for its 22.5% share in the compensation for the Atapu offshore oil field, Brazilian national oil company Petrobras said Tuesday.Atapu is the block acquired by the consortium composed of Petrobras (52…
Oilfield services firm Halliburton posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment.Crude futures climbed to their highest level in more than a decade during…
Denmark's government on Tuesday said it aimed to significantly boost renewable energy supply and temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.'We…
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. In January 2020, Premier Oil, as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum…
Offshore installation company Jan De Nul Group has secured a contract with Sumitomo Electric for the installation of two subsea HVDC cables and one fiber optic cable that will link the existing electricity grids in Ireland and the United Kingdom…
Shearwater GeoServices has said it has won a 3D geophysical survey with Eni with an option for a second survey, for a carbon storage project in Liverpool Bay, England.“We are delighted to conduct this survey work for Eni, advancing UK carbon storage by deploying towed streamer…
Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…
Romanian Prime Minister Nicolae-Ionel Ciucă last Friday, with the other two leaders of the ruling coalition, Marcel Ciolacu and Kelemen Hunor, signed the Offshore Law, aimed at ensuring stability and legislative predictability for oil and gas…
Danish Offshore wind turbine installation firm Cadeler is set to start installing giant 11MW wind turbines at Vattenfall's Hollandse Kust Zuid (HKZ) offshore wind farm in the Dutch North Sea.Cadeler over the weekend said that the Wind Osprey…
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