The boss of oil and gas firm Wintershall Dea plans to join talks scheduled for early March between Russian President Vladimir Putin and German top-level executives, he said, adding open lines of dialogue were crucial in the current situation…
Japan-based shipping in giant Mitsui O.S.K. Lines, Ltd. (MOL) and its compatriot Toyo Construction have signed a Memorandum of Understanding (MoU) on evaluating potential collaboration in the offshore wind space.The companies aim to open up…
UK North Sea-focused oil and gas company IOG said Monday that the production start-up from its Blythe and Elgood gas fields in the Southern North Sea would be delayed as the stormy weather had affected the works on the reception facilities at the Bacton Terminal…
When it opens its doors on Tuesday, February 22, 2022, to welcome more than 3,000 delegates from around the world and over one hundred exhibitors, Subsea Expo 2022 will be sending out a strong signal that life and business are beginning to return to normal…
Malaysia on Friday filed a fresh charge against a local manager of Norwegian oil services provider Aker Solutions, accusing him of giving false information to the country's corporate regulator, according to the company and a court document.Ahmad…
Spanish wind turbine tower maker Windar renovables has confirmed its investment decision to build a new offshore tower factory in Poland.The construction is expected to start in 2020. The new facility will be approximately 120,000 m2 and will include covered areas for welding…
Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…
Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply.Brent crude LCOc1 futures fell 68 cents…
Norway-based ocean bottom node survey firm Magseis Fairfield ASA, which has been in a mediation process with Fairfield Industries Inc. regarding certain contractual claims between the parties, said Friday that the mediation has been canceled and that the dispute would be solved by arbitration…
Italian energy group Eni posted its best yearly result since 2012 after profits in the fourth quarter surged to beat expectations, boosted by higher oil and gas prices.Adjusted net profit in the three months to December came in at 2.11 billion euros ($2…
Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry.Results of the talks…
Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang…
Norwegian offshore vessel firm GC Rieber Shipping has delivered the SURF / Construction vessel Polar Onyxto the new owners.GC Rieber Shipping first announced the agreement to sell the vessel to Taiwan-based offshore wind service conglomerate…
Soaring oil and gas prices and cost savings helped Australia's Woodside Petroleum Ltd (WPL.AX) report profits in 2021 more than tripled to a seven-year high, prompting the firm to reward shareholders with a fatter than expected dividend.Shares…
Neptune Energy Egypt Managing Director Mohamed Mounes Shahat passed away Thursday, the oil and gas company has informed.'It is with profound shock and sadness that we announce the death of Engineer Mohamed Mounes Shahat, Managing Director of Neptune Energy…
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