Saudi Arabian state-owned oil giant Aramco has signed contract extension with ARO Drilling, its 50-50 joint venture with Valaris, for five jack-up drilling rigs.The contract, deemed as significant by ARO Drilling, marks a key milestone in the company’s ongoing efforts to expand its operations and further contribute to the Kingdom's economic growth.The agreement includes the following offshore rigs Bob Palmer 50 (BP-50)…
Borr Drilling’s Board of Directors has reached a unanimous decision to appoint Bruno Morand as successor to CEO Patrick Schorn, effective September 1, 2025.Schorn will become Executive Chairman of the company’s Board of Directors, while current…
Norway offered 76 new blocks to explore for oil and gas in the Norwegian Sea and the Barents Sea on Friday in a so-called APA licensing round, an annual event awarding acreage in mature parts of the continental shelf, the energy ministry said…
Wind turbine maker Vestas on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty.The Danish company…
Danish turbine maker Vestas has secured a firm order for 68 of its 15 MW-rated offshore wind turbines for Vattenfall’s Nordlicht 1 offshore wind project.The agreement is for the supply, installation, and commissioning of the turbines V236-15…
DEME has secured two contracts, valued at over $300 million, for the transport and installation of 112 foundations at the Nordlicht 1 and 2 offshore wind farms in Germany, as well as providing scour protection for the projects.DEME will install…
Vattenfall has signed a power purchase agreement (PPA) with the chemicals group LyondellBasell (LYB) to provide it with fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast.The agreement includes the supply of…
Brazilian oil and gas regulator National Agency of Petroleum, Natural Gas and Biofuels (ANP) has made a decision to merge Petrobras-operated Berbigão and Sururu fields, in the pre-salt Santos Basin, offshore Brazil.Operated by Petrobras with a 42…
Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply concerns from a ceasefire deal between Israel and Hezbollah.Brent crude futures fell 12 cents, or 0.2%, to $723.69 a barrel by 10:40 a…
President-elect Donald Trump said on Thursday that North Dakota Governor Doug Burgum, a wealthy former software company executive, will be his pick for interior secretary.'He's going to head the Department of Interior, and it's going to be fantastic…
Havfram, a provider of transport and installation services for the offshore wind industry, has been awarded a contract by Vattenfall and BASF for their Nordlicht offshore wind farm cluster.The Nordlicht wind farm zone, located 85 kilometers north of the island of Borkum in the German North Sea…
Energy company Vattenfall and steel producer Salzgitter have signed a power purchase agreement (PPA) for the supply of clean power from the Nordlicht 1 offshore wind farm for steel production from 2028.The PPA provides for a share of 75 MW of…
The Vineyard Wind 1 offshore wind farm, being built by Iberdrola’s Avangrid and Copenhagen Infrastructure Partners (CIP), has become the largest operating offshore wind farm in the United States, with the commissioning of 10 turbines totaling 136 MW…
Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV.The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty…
The Zama unit partners - operator Pemex, Wintershall Dea, Talos Energy and Harbour Energy - have awarded the Front-End Engineering and Design contract (FEED) to the French engineering company DORIS for the development of Zama oil field offshore Mexico…
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