Offshore installation firm Havfram has won a contract for subsea umbilicals, risers, and flowlines support work in Egypt for Saipem. The contract will see Havfram deploy a laying and construction vessel offshore Egypt to the Zohr field, the largest gas field in the Mediterranean Sea…
Members of the European Parliament (MEPs) set out recommendations on how to deploy offshore wind more quickly, in a report adopted earlier this week.The report, voted on by MEPs in response to a European Commission communication, stresses that…
Malaysia on Friday filed a fresh charge against a local manager of Norwegian oil services provider Aker Solutions, accusing him of giving false information to the country's corporate regulator, according to the company and a court document.Ahmad…
Magnus Hallman was recently appointed CEO of Freja Offshore AB, the 50/50 joint venture (JV) established in 2021 by Hexicon and Aker Offshore Wind.Hallman joins Freja Offshore from Svenska Kraftnät Gasturbiner AB where he held the position of CEO…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded framework agreement awards worth $1.94 billion 'to enable drilling growth.'The company, which plans to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030…
Spanish wind turbine tower maker Windar renovables has confirmed its investment decision to build a new offshore tower factory in Poland.The construction is expected to start in 2020. The new facility will be approximately 120,000 m2 and will include covered areas for welding…
Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…
Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply.Brent crude LCOc1 futures fell 68 cents…
Malaysia's Petronas and Japan's Mitsubishi Corp are divesting their stakes in Myanmar's Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year's military coup.A spokesperson from…
Norway-based ocean bottom node survey firm Magseis Fairfield ASA, which has been in a mediation process with Fairfield Industries Inc. regarding certain contractual claims between the parties, said Friday that the mediation has been canceled and that the dispute would be solved by arbitration…
Italian energy group Eni posted its best yearly result since 2012 after profits in the fourth quarter surged to beat expectations, boosted by higher oil and gas prices.Adjusted net profit in the three months to December came in at 2.11 billion euros ($2…
Reach Subsea, a subsea services company, said Thursday it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million ($15,1 million). Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea…
Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry.Results of the talks…
Norwegian offshore vessel firm GC Rieber Shipping has delivered the SURF / Construction vessel Polar Onyxto the new owners.GC Rieber Shipping first announced the agreement to sell the vessel to Taiwan-based offshore wind service conglomerate…
Soaring oil and gas prices and cost savings helped Australia's Woodside Petroleum Ltd (WPL.AX) report profits in 2021 more than tripled to a seven-year high, prompting the firm to reward shareholders with a fatter than expected dividend.Shares…
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