Subsea services provider DeepOcean has signed a collaboration deal with Akvaplan-niva regarding the potential utilization of remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) to perform environmental studies for offshore wind and oil and gas developments…
Exxon Mobil Corp XOM.N is raising the annual salaries of its top boss and other executives for the coming year, the top U.S. oil company said on Monday.Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1…
KBR has won a contract to provide engineering services for an offshore energy storage project for CrossWind, a joint venture (JV) between Shell and Dutch utility company, Eneco.KBR will perform a front-end engineering design of the baseload…
U.S. oil company Chevron has reportedly made a gas discovery at the Narges-1X well in the Mediterranean Sea, offshore Egypt.The news was first shared by MEES, which cited an unnamed source, according to which Chevron has found 3.5tcf of gas…
SSE Renewables has informed that 75% of the jacket foundation substructures have been installed at the Seagreen offshore wind farm site. SSE Renewables is developing the wind farm in partnership with the French firm TotalEnergies.'We’re celebrating a new milestone at Seagreen…
Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy.Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision…
Heerema Marine Contractors has recently installed the first of 27 Vestas V174 – 9.5MW turbines at the Arcadis Ost 1 offshore wind farm in the Baltic Sea, offshore Germany, using a floating installation method, for which the parties involved say is unique…
Norwegian Energy Company ASA (Noreco) has reached a Final Investment Decision (“FID”) on two infill wells in the Danish North Sea.The two wells will be drilled at the Tor reservoir in the Halfdan North East area, located in the central part of the Danish North Sea…
German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland.The East Celtic wind farm site…
Australian offshore vessel operator MMA Offshore has completed the sale of its shipyard in Batam, Indonesia.The planned sale was first announced back in May when MMA Offshore said it would sell its shipyard facility to Wasco Engineering Group…
Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022,…
Norwegian energy firm Equinor's renewables business faces rising supply chain bottlenecks and strong rivalry for new projects, but will not compromise on its 4-8% investment return target, the head of the unit told Reuters.While still largely an oil and gas producer…
The Norwegian oil and gas company Aker BP said Friday it would vote in favor of submitting Plans for Development and Operation (PDO) for the NOAKA field development project, the Valhall PWP-Fenris project, the Skarv Satellite Project, and the Utsira High projects…
Australia's Federal Court rejected on Friday an appeal by Santos Ltd to resume drilling on its $3.6 billion Barossa gas project off northern Australia after indigenous groups raised objections, potentially delaying other offshore projects.Three…
Oil and gas company Neptune Energy has confirmed a new discovery the Calypso exploration well (PL938) in the Norwegian Sea.Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe)…
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