A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…
Belgium-based offshore installation firm Jan De Nul has won a contract to install 130 miles of inter-array cables for the Vineyard Wind 1 offshore wind project in the U.S. The cables will be delivered by UK-based JDR Cable Systems, part of the TFKable Group…
Neptune Energy has received regulatory approval to drill a wildcat well in the North Sea, offshore Norway.Neptune will drill the well 33/6-5 S using the Deepsea Yantai drilling rig after it completes the drilling of development wells in production licence 636…
ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
Belgian offshore installation firm DEME Offshore said Thursday it had installed the first offshore wind substation in France, at the Saint-Nazaire offshore wind farm site. The installation of the 2,100-ton substation was carried out by Allseas' giant Pioneering Spirit vessel…
UK-based oil and gas firm Jersey Oil & Gas has decided to let two North Sea licenses expire as they're not part of the company's Greater Buchan Area hub project.The licenses in question are P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn)…
Oilfield services giant Schlumberger has this week introduced a service called Autonomous Directional Drilling, which, the company says, includes solutions to steer autonomously through any section of the wellbore. According to Schlumberger…
Eneti, a company until recently known as Scorpio Bulkers, has completed the exit from its bulk carrier business and has also completed the acquisition of Seajacks, boosting its offshore wind ambitions.In its quarterly results release on Tuesday…
Offshore power cable manufacturer Nexans has recently awarded iSURVEY a NOK 150 million (around $16,85 million) for survey and positioning services.Majority-owned by Norwegian private equity firm, Norvestor, iSURVEY will support Nexans’ offshore high voltage cable installation projects globally…
Billionaire John Fredriksen-owned offshore drilling company Northern Drilling said Tuesday it had canceled a drillship resale contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).In May 2018, Northern Drilling…
Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm.While a 6% fall in BHP's share…
Offshore drilling firm Valaris has secured contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for its drillship VALARIS DS-10.The contracts for the 2017-delivered offshore rig are each for one well…
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration.The tiny South American…
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