Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design…
Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.The financing will…
German energy giant RWE has signed framework agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current (HVDC) systems for its offshore wind farms.The agreements are long-term in nature as the secured…
French marine seismic firm CGG has signed a memorandum of understanding (MoU) with U.S. energy services giant Baker Hughes to facilitate the parties exploring jointly offered carbon capture and storage (CCS) solutions.The collaboration and proposed…
Promethean Energy, an oil and gas company focused on stewarding mature assets, has started work on the temporary abandonment of nine orphan wells in the Matagorda Island lease area in the Gulf of Mexico on behalf of the U.S. Federal government…
Norwegian oil and gas company Vår Energi has sold stakes in five oil and gas fields in the Norne area in the Norwegian Sea for $51 million to DNO Norge, which in turn will transfer its stake in the Ringhorne East unit to Vår Energi.The transaction…
OIlfield services company SLB on Tuesday announced its OneSubsea joint venture and Subsea7 has been awarded a 'sizeable' integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA.The contract will see the…
Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry.The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design…
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs)…
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold.The Saudi government…
Norwegian seismic firm TGS has started its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data…
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…
BP reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower energy prices and a U.S. refinery outage, even as oil and gas production increased.The London-based company held its dividend at 7…
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for two wells in the Barents Sea, which will be drilled using Saipem’s Scarabeo 8 semi-submersible rig.The permit issued by Norwegian Offshore Directorate are for the wildcat…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought on stream a gas field in the Bohai Sea, offshore China.CNOOC’s Bozhong 19-6 Gas Field 13-2 Block well site development project is located in central Bohai Sea, with an average water depth of approximately 23 meters…
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