BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…
Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…
Norway will not offer acreage suitable for bottom-fixed offshore wind farm development when it next announces new tenders, and will instead focus on floating wind options, it said on Monday.The government had previously said it would offer new…
BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake…
Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2 GW HVDC converter station for the BalWin1 offshore wind grid connection system in Germany, being developed by transmission system operator (TSO) Amprion Offshore…
Oil and Natural Gas Corporation Limited (ONGC) and BP have signed a contract under which BP will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field.ONGC will retain ownership and operational control of the field…
Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…
India will launch rounds for oil and gas blocks licensing this week, Oil Minister Hardeep S Puri said on Monday.Puri said that he hopes energy supply issues will be discussed during the meeting between Indian Prime Minister Narendra Modi and U…
Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake in the energy major it is expected to use to press for change in strategy and to the board.By 0901 GMT, the shares were up about 7% to 462…
Renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding (MoU) with Portland Port, a commercial port on the South Coast of England, to jointly advance offshore wind development off Dorset coast in English Channel…
A series of advanced selective catalytic reduction (SCR) systems has been installed on Van Oord’s cable-laying vessel (CLV) Nexus by Damen Shipyards Group in an effort to further reduce emissions.Five SCR units have been installed on the Nexus…
Singaporean shipbuilder Strategic Marine has signed a shipbuilding contract with Odyssey Group for a multi-purpose survey vessel, which will operated offshore Australia.Under the terms of the agreement, Strategic Marine will construct the advanced…
Norwegian seismic firm TGS has secured two 4D streamer contract acquisition projects, one in the North Sea and the other in the Norwegian Sea.The 4D projects are scheduled to be acquired back-to-back and start in June 2025.The total duration of the two surveys is approximately 80 days…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for an exploration well in the Barents Sea.The permit is for a wellbore 7220/7-CD-1 H in production license 532, which is operated by Equinor with 46.3% working interest…
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