Denmark-based offshore wind installation services firm Cadeler said Friday it had signed a letter of intent with a 'blue chip' client.The client is looking into the possibility of using one of Cadeler's two O-class wind turbine installation vessels 'over a long period of time…
U.S. oil major ExxonMobil has awarded three-year contracts for two DOF Subsea vessels for work in Guyana, where Exxon has so far made more than 25 oil discoveries, with more than 11 billion barrels of oil found.Under the contracts, DOF Subsea will perform IMR…
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'…
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…
DNV and its partners on Thursday confirmed the completion of Phase 1 of a joint industry project (JIP) on Bottom Impact and Partially Submerged Conditions, which has resulted in a new framework for optimizing the installation process of offshore wind turbines…
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…
Singapore's Sembcorp Marine has signed Master Service Agreements with New Fortress Energy Inc. for the engineering and conversion of two Sevan cylindrical drilling vessels into Floating LNG ('FLNG') liquefaction facilities, including the fabrication and integration of LNG topside modules…
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…
Oilfield services provider Schlumberger is evaluating unspecified options for its thousands of Russian employees as the war in Ukraine escalates, Chief Executive Olivier Le Peuch told Reuters an interview.Among Western companies that did not exit following the February invasion of Ukraine…
Australia's Santos Ltd said on Thursday its third-quarter revenue jumped over 88% to a record high on higher sales volumes and as a global energy crunch boosted liquefied natural gas (LNG) prices.The Adelaide-based company has benefited from…
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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