Africa-focused oil and gas company Vaalco Energy has completed the acquisition of Sasol's stake in the Etame Marin block offshore Gabon.The acquisition of Sasol's 27.8% working interest in the Etame Marin block has increased Vaalco's working interest to 58…
Italian energy services group Saipem said it was unable to provide guidance for the year due to the ongoing health pandemic after it missed earnings expectations, sending its shares down around 9%.'2021 is certainly not a back to normal year…
Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.The maps attached to a statement by the Petroleum and Energy…
The Two Towers consortium, comprised of Van Oord, Investri Offshore, and Green Giraffe, on Thursday said that the innovative Borssele Wind Farm Site V offshore the Netherlands had been fully commissioned. Designated an innovation site, Borssele V features two Vestas 9…
UTEC, an offshore energy survey firm, has won a survey contract in Mozambique to support the development of Eni's Coral Sul ultra-deepwater FLNG development. Under the contract, awarded by oilfield services giant TechnipFMC, UTEC will be responsible for pre-lay surveys…
Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…
A former sales manager of Dutch energy services company SBM Offshore was on Wednesday convicted by a London jury of conspiracy to bribe public officials to secure lucrative oil contracts in Iraq after the fall of Saddam Hussein in 2003.Paul Bond…
Rovco, a UK-based provider of ROV services to the offshore energy industry, on Thursday said its CEO would lead a new start-up technology company, Vaarst, which will be looking for business opportunities in the wider industrial robotics sectors…
UK-based drilling waste management company TWMA has said it has won a seven-figure contract with oil and gas company Spirit Energy. The first scope of a five-year contract will see TWMA provide drilling waste management services on the harsh…
Brazilian national oil company Petrobras has hired AqualisBraemar to perform DP acceptance and annual trials for their DP shuttle tanker fleet operating in Brazil over the next three years.Under the contract, AqualisBraemar will carry out trials…
ExxonMobil's global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices and demand, the company said on Wednesday.The largest U.S. oil producer is reeling from the sharp decline in oil demand…
UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…
Europe's biggest wind power generator Iberdrola on Wednesday pledged to spend 150 billion euros ($182.39 billion) by 2030 to triple its renewable capacity and double its network assets.Years of investment in low-emission generation and power…
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters…
Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering…
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