Qatar Petroleum has signed a deal with oil major Shell to become a partner in two exploration blocks offshore Namibia.Under the deal, for which financial details were not disclosed, Qatar Petroleum will hold a 45% participating interest in the…
Norwegian shipbuilder VARD has won contracts to build three Service Operation Vessels (SOVs) for the UK-based North Star Renewables. The vessels, to be built in Vietnam, will operate on the Dogger Bank Wind Farm in the North Sea, the world's largest…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
The New Construction & Engineering Department of ASRY received ASME Accreditation which allows ASRY to manufacture and repair Coded Pressure Vessels.ASRY attained this accreditation after an extensive review of the company's Quality Assurance Systems…
The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…
Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…
U.S. offshore wind developer Vineyard Wind has contracted Belgium-based DEME for the offshore transport and installation of the wind turbine generators for the first largescale offshore wind installation in the United States.DEME's U.S. arm…
UK-based oilfield services company Three60 Energy has been awarded a new framework agreement with Austria-based oil and gas company OMV for the provision of services in Norway.The agreement, which is in place for five years with options for extension…
A boat carrying more than 1,000 survivors of a highly organized, deadly attack by Islamic State-linked insurgents in northern Mozambique arrived in the port of Pemba on Thursday, a Reuters reporter and a diplomatic source said.Aid workers were…
UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…
Dutch offshore installation company Van Oord on Thursday confirmed it had secured a contract to deliver and install monopile foundations and array cables for RWE's 1.4 GW Sofia offshore wind farm in the UK.The contract comes a little over a…
Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…
Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…
Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…
Japan's JERA has opened an office in the city of Akita as a base for offshore wind projects off the coast of Akita Prefecture, Japan.Favorable wind conditions along the Japan Sea from Hokkaido to Tohoku make it a promising area with many locations suitable for offshore wind power generation…
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