Norwegian oil and gas company Aker BP said Tuesday it had officially entered into a merger plan with Lundin Energy, following the proposed merger announcement in December 2021, that will create Norway's second-largest oil producer.The parties at the time said explained that…
Sweden presented plans on Tuesday to build offshore wind power plants that will generate 20-30 terawatt-hours (TWh) per year, with an aim to reach 120 TWh at a later stage.The areas are located in the waters both east and west of Sweden, the Nordic country's government said…
Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026…
MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…
Low Earth orbit (LEO) satellite communications company OneWeb and smart network solutions provider Marlink have joined forces to bring OneWeb’s high-speed, low latency connectivity to the maritime, energy, enterprise and humanitarian sectors…
Energy technology company Baker Hughes announced it has opened a new 'supercenter' facility for oilfield services and equipment in Guyana. The facility, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America…
European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.Last year, 25 of the…
BP is sticking with its Russian oil and gas business, which has so far been unaffected by simmering tensions between Russia and the West, Chief Executive Bernard Looney said on Monday.BP is the largest foreign investor in Russia with a 19.75% stake in the country's national oil company Rosneft…
Deepwater drilling specialist Transocean said Monday it had secured around $87.7 million in offshore drilling contracts since its last quarterly rig fleet report.In its report, Transocean said it had won contracts for five offshore drilling rigs…
Ørsted and Eversource have taken the final investment decision (FID) on the South Fork Wind project that will be New York’s first offshore wind farm. The FID comes after the South Fork Wind joint venture, owned 50/50 by Ørsted and Eversource…
Eni is testing investor appetite for a special purpose acquisition company (SPAC) dedicated to energy transition projects as part of its own green drive, two sources said.The Italian energy group is working with two or three other investors to set up and list the SPAC…
France will build at least six new nuclear reactors in the decades to come, President Emmanuel Macron said on Thursday, placing nuclear power at the heart of his country's drive for carbon neutrality by 2050.Macron said the new plants would…
Norwegian offshore support vessel owner Solstad Offshore ASA has found work for three construction support vessels, apparently all in the renewables space.Normand Australis has secured a 150-day contract for “Walk to Work” services on an offshore wind project in Asia…
The UK Government has awarded planning consent for Vattenfall’s 1.8 GW Norfolk Vanguard offshore wind farm, meaning that both projects in Vattenfall’s proposed Norfolk Offshore Wind Zone have now been approved.According to Vattenfall, the zone…
Offshore accommodation rig provider Floatel International has awarded a contract to Semco Maritime for service work on the semi-submersible accommodation unit Floatel Superior.Semco said that the harsh environment accommodation rig is expected to dock at Hanøytangen in Norway…
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