UK-based oil and gas company Hurricane Energy earned about $60.5 million from the sale of the latest cargo of oil produced from its Lancaster field offshore the UK.The company said this week that the 28th cargo of Lancaster oil, totaling approximately 524 Mbbls…
Benthic, an Acteon geotechnical services and technology firm, is set to launch the next generation of its portable, remotely operated drill: PROD5, also aimed at increasing productivity and cutting costs for the offshore renewable energy industry…
Italy's Saipem beat expectations for first-quarter earnings as an upturn in global oil and gas spending lifted the energy contractor's core business, putting it on track for a better year.Adjusted core earnings in the period rose 65% to 145 million euros ($157 million)…
Russian oil giant Lukoil said Friday that Vagit Alekperov had resigned from his position as the President of Lukoil and from Lukoil's board of directors.'The respective notices of resignation were sent today to the chairman of the company’s board of directors…
Dutch offshore installation giant Heerema Marine Contractors has said it has developed a new method for the installation of offshore floating wind structures that doesn't require wet-tow and removes the need for marshaling yards.The company said that…
Dutch offshore gangway supplier Ampelmann has secured its first contract in the U.S. offshore wind market.Under the contract, Ampelmann will supply its E1000 motion compensated system to the marine transportation and towing company Otto Candies…
The first turbine was installed earlier this week at Vattenfall's Hollandse Kust Zuid offshore wind farm in the Dutch North Sea, Jochen Eickholt, CEO of wind turbine maker Siemens Gamesa Renewable Energy, said in a social media post.Eickholt said: 'In a milestone moment yesterday…
Oil and gas company i3 Energy has executed the farm-in agreement with Europa Oil & Gas following Europa's completion of its equity fundraising to fund its share of the upcoming Serenity appraisal well in the UK North Sea. Under the agreement…
Malaysia's Perdana Petroleum has, through its subsidiary Perdana Nautika, received a work order award from Vantage Well Services for the provision of an accommodation work barge.The 90-day contract for the Sarawak Offshore 2022 facilities work…
Norwegian offshore services company Havfram has won a contract on the Yunlin offshore wind farm which is being developed offshore Taiwan.The contract, with Yunneng Wind Power Co., Ltd, will see Havfram provide Project Management and Owners Engineer…
China's CNOOC Ltd saw its stock surge as much as 44% in its Shanghai debut on Thursday in defiance of overall market weakness, as investors sought safety in the oil giant amid lofty energy prices and quickening inflation.The stock started trade 20% higher than its offering price…
FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore. The hull of the FPSO Prosperity, which will be Guyana's third…
Turkey will provide tax cuts to support a 145.1 billion lira ($9.9 billion) Turkish Petroleum (TPAO) project to develop the natural gas field it discovered in the Black Sea, the country's Official Gazette said on Wednesday.Natural gas was discovered…
The Saudi cabinet reaffirmed the right of the kingdom and its neighbor Kuwait to exploit natural resources at a joint, energy-rich, offshore area, the state news agency reported on Tuesday.It also stressed the right of the two countries to develop the Durra natural gas field…
Argentina has extended a concession held by energy firms Total Austral, Wintershall Dea Argentina, and Pan American Sur for 10 more years until 2041, and approved an investment plan for $700 million, according to a government decree published on Tuesday…
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