Norwegian offshore wind services firm Havfram said Monday that construction had started in China for its first offshore wind turbine installation vessel. Havfram could order four WTIVs in total.Havfram said it had secured an additional USD 250…
Oil and gas company Neptune Energy has awarded a two-well contract extension for the semi-submersible drilling rig Deepsea Yantai.The rig, owned by China's CIMC Raffles, is managed by the Norwegian offshore drilling firm Odfjell Drilling.Odfjell…
Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell.The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months…
Itay's Snam will choose the offshore site for its new floating storage and regasification unit (FSRU) in the next 100 days, Italy's special commissioner for the project said on Friday, with its initial location already facing a legal challenge…
Guyana on Friday formally opened a highly anticipated bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.The country is home to one of the largest oil discoveries in the last decade…
The British government stood firm on its windfall tax on the oil and gas sector in a meeting with industry executives on Friday, two sources with knowledge of what was discussed said.Finance Minister Jeremy Hunt rebuffed requests from North…
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector.To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture…
Wah Seong Corporation's Singapore-based subsidiary, WS Engineering & Fabrication Pte. has won a contract to build FPSO topside modules from Malaysian FPSO supplier Yinson.The contract is worth around $127 million.According to Wah Seong, the scope of work of the contract involves engineering…
French oil giant TotalEnergies, one of the last Western holdouts in Russia after the war in Ukraine, said it was withdrawing its two members from Novatek's board and would take a $3.7 billion hit to write off the value of its stake in the Russian group…
Controls technology company Proserv said it has signed an agreement with Aberdeen-based sand and erosion monitoring, analytics and management experts SMS. The deal sees SMS become the exclusive agent and representative for Proserv’s sampling activities across Malaysia…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of…
Norwegian offshore vessel operator Solstad Offshore's Normand Naley and Sea Frost platform supply vessels have been awarded five-year contracts by Equinor in the UK.Both contracts, of an undisclosed value, will be in effect for five years, starting in January 2023…
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