Nexans announced Monday it has secured a contract to supply of over 200 kilometers of the high voltage alternating current (HVAC) subsea export cable system for the near shore section of the world's largest offshore wind farm. The contract…
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability.The eastern Mediterranean is believed to be rich in natural gas…
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum…
Brazil's incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets…
Enpro Subsea & Kosmos Energy commit to subsea ‘smart standardization’ in Gulf of MexicoEnpro Subsea reached a Master Services Agreement (MSA) with Kosmos Energy (formerly Deep Gulf Energy) aimed at providing enhanced subsea architecture and…
Fifteen people have been rescued from a liftboat that lost power and is listing and taking in water in the U.S. Gulf of Mexico.The master of the 134-foot liftboat Ram XVIII reported on Sunday that the vessel had a 45-degree list and no power…
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…
Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea.The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project…
Norwegian seismic firm PGS revealed it has entered into a contract for a 3D survey in South America.PGS did not reveal the name of the client, but said the contract value is estimated to be in excess of $75 million.The company plans to use two…
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…
Gulf Island Fabrication said on Thursday it has completed the sale of its North Yard facilities and associated equipment in Aransas Pass, Texas.The Houston based builder of offshore structures and vessels announced the $28 million sale in September…
MacArtney Singapore delivered a TRIAXUS ROTV with customized sensor payload to the Chinese Academy of Science for oceanographic research projects in the South China Sea.The Chinese Academy of Science, via MacArtney agent Geo Marine Technology Ltd…
U.K. Continental Shelf focused Azinor Catalyst Limited announced on Thursday an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the North Sea.The initial 9/14a-17B well on the Agar-Plantain Prospect…