The Biden administration on Thursday said it would hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law.The Bureau of Ocean Energy Management (BOEM) will offer all of…
AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…
Offshore drilling company Borr Drilling said Thursday that its joint venture company in Mexico (Perfomex) had entered into new contracts for the company's five premium jack-up rigs.The rigs in question are the 'Galar', 'Gersemi', 'Grid', 'Njord'…
Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…
VARD shipyard in Romania launched the hull of the new Van Oord cable layer Calypso earlier this week.Vard Tulcea in Romania is making final preparations before the hull will be towed to Vard Brattvaag. At Vard Brattvaag, the shipbuilder will continue outfitting the vessel…
Modern American Recycling Services Europe (M.A.R.S.) has won a contract for the dismantling and 'green' recycling of Teekay’s Petrojarl Foinaven FPSO.The 250-meter-long FPSO produced oil at BP's Foinaven area west of Shetland until it recently reached the end of its 25-year service life…
A new research project, launched this week today, aims to extend the use of offshore wind monopile foundations, to support larger turbines in deeper waters, global climate consultancy the Carbon Trust has informed.'Monopiles are the cheapest and most widespread offshore wind turbine foundation…
Neptune Energy could shift investments away from the Netherlands if they cannot be offset against a new windfall tax the Dutch government plans to impose in response to soaring energy prices, the oil and gas producer warned on Thursday. Neptune…
Shearwater GeoServices said Thursday it had secured a contract for a large US Gulf of Mexico Ocean Bottom program, Engagement 3, the second project award under the recently announced global agreement with WesternGeco.'The contract secures WesternGeco access for follow-on projects…
Technip Energies TE.PA expects to fully exit the liquefied natural gas project (LNG) Arctic LNG 2 led by Moscow-listed gas producer Novatek next year, the French oil and gas services provider said on Thursday.The group, which said in March it was renouncing new business opportunities in Russia…
Woodside Energy Group Ltd raised its annual production outlook on Thursday after posting record revenue as it benefited from firmer energy prices and its merger with BHP Group's petroleum assets, sending its shares soaring.The company became…
Dutch offshore installation firm Van Oord said Tuesday it had started the construction of the offshore wind farm Hollandse Kust Noord in the Dutch North Sea by installing the first monopile. Hollandse Kust Noord is located 18.5 kilometres off the west coast of the Netherlands near Egmond aan Zee…
Africa-focused oil and gas company VAALCO said Wednesday it had completed the installation of the Floating Storage and Offloading vessel ('FSO') installation and field reconfiguration at Etame field offshore Gabon.VAALCO Energy in August last…
Oilfield services company Baker Hughes has appointed Nancy Buese as Chief Financial Officer effective November 2, 2022. 'Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of…
Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. The company during the recent…
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