Offshore construction and installation company McDermott has secured three new deals with Saudi oil giant Saudi Aramco.The contracts are for engineering, procurement, construction, and installation (EPCI) projects in Saudi waters.'In total,…
Tidal energy firm Nova Innovation is set to receive an £800,000 investment from the UK Government, through the Energy Entrepreneurs Fund, to develop a low-cost, rapid turbine deployment and recovery solution that could unlock 100GW of tidal energy resources worldwide…
Scotland could become a world leader in producing low-carbon concrete foundations for floating offshore wind farms, a study funded by renewable energy giant RWE has found.According to RWE, the study identified potential business opportunities…
U.S. oil major Chevron said Monday its Angolan affiliate Cabinda Gulf Oil Company Limited (CABGOC) had secured an extension of the Block 0 concession, offshore Cabinda province, in Angola.The agreement extends the concession for 20 years, through 2050…
Energy industry engineering services firm Wood said Tuesday it had secured a multi-million dollar contract with Saudi Aramco.The contract, of unspecified value, is for the delivery of engineering and project management services for the Safaniyah and Manifa oil fields in the Kingdom of Saudi Arabia…
A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.The World Petroleum Conference's…
Papua New Guinea-focussed Oil Search Ltd said on Tuesday its A$8.8 billion ($6.21 billion) buyout by Santos Ltd received overwhelming support from its shareholders, getting over 95% votes in favor of the deal.Shares of Oil Search rose as much as 3…
BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters.Dated Brent…
Oilfield services firm Halliburton on Monday warned the world is headed for a period of energy scarcity following years of underinvestment in bringing more fossil fuels to market.'For the first time in a long time, we will see a buyer looking for a barrel of oil…
Saudi Arabian national oil company Saudi Aramco has awarded a contract extension to Australian engineering firm Worley’s services for support on Saudi Aramco’s offshore facilitiesUnder the contracts, Worley will continue to provide project management…
French offshore cable making and installation firm Nexans has confirmed it has won a contract to manufacture and install a power cable system that will deliver electricity directly from the Norwegian power grid to the Oseberg field center in the North Sea…
Swedish firm OX2 has applied for a permit under the Act on Sweden's Exclusive Economic Zone to build an offshore wind farm off the coasts of Falkenberg and Varberg in the Swedish economic zone.The wind farm is called Galatea-Galene and is divided into two sub-areas…
Dutch offshore installation and construction firm Heerema Marine Contractors (HMC) has renewed its Long-Term System Support Program (LTSSP) contract with Kongsberg Digital for another five years.The LTSSP is in support of a K-Sim Offshore Crane simulation system…
Offshore installation firm Jan De Nul Group has secured a contract with Vattenfall to transport and install 41 wind turbines of 8.4 MW each at the Vesterhav Nord & Syd offshore wind projects in Denmark.The offshore wind projects will produce…
Oslo-listed company Carbon Transition has appointed Nils Haugestad as interim CEO as of December 6, 2021. Haugestad will also remain in his position as CFO of the company.Haugestad has been with the company since April 2020, having joined from…
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