Aberdeen-based oil and gas services company isol8 has received a £3.5 million investment from BGF to support the commercialization of its technology that has the potential to make large savings in plug and abandonment and intervention operations…
Malaysian oil and gas producer and energy services provider Sapura Energy said Tuesday that Reza Abdul Rahim would step down from his position as Chief Financial Officer.He will step down on October 1, 2021, after more than five years in the role…
Oil and gas firm Neptune Energy has written to Britain’s energy minister asking for a change in regulation to allow it to produce more domestic gas from its North Sea field amid record gas prices, a letter seen by Reuters showed.Benchmark British…
Floating wind technology developer BW Ideol has gained access to the Ardersier Port in Scotland for the construction of its concrete floaters for floating wind turbines.Under the agreement signed between BW Ideol and Ardesier Port authorities…
Africa-focused oil and gas firm Tower Resources has said that the documentation for its proposed farm-out of a share in the Thali offshore block in Cameroon has been finalized and submitted to the country's authorities for approval.As reported in August…
Zelim, a company previously known as Offshore Survival Systems, has teamed up with naval architect Chartwell Marine to deliver a remotely operated rescue vessel designed to be mounted on offshore facilities.'Offshore energy sites present a hazardous environment for personnel and vessel crews…
Three companies are working on a project to convert existing jack-up drilling rigs into offshore green hydrogen production units in the North Sea.Offshore engineering firm Aquaterra Energy, renewable hydrogen producer Lhyfe and offshore drilling…
Schlumberger's OneSubsea, a subsea production systems provider, has awarded 'a sizable' contract to offshore installation company Subsea 7, related to Shell's recently sanctioned Ormen Lange subsea compression project in Norway.The Ormen Lange subsea compression project…
Aker Solutions' and AF Gruppen's proposed offshore decommissioning businesses merger has been given a green light by the Norwegian Competition Authority.The Norwegian Competition Authority on Monday informed the two firms it had no objections to the merger…
Norwegian oil and gas company Equinor has spudded the Egyptian Vulture exploration well in the Norwegian Sea.Longboat Energy, the recently formed E&P company, and Equinor's partner in the project with a 15 percent stake, announced the spud on Tuesday…
Oilfield tech firm ChampionX has won a five-year contract with oil firm Vår Energi in Norway to deliver production specialty chemicals and management services to all Vår Energi assets.ChampionX provides chemistry solutions and equipment and…
Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
Hedge funds purchased crude after disruption to offshore production in the Gulf of Mexico lasted longer than expected, extending a drawdown of already-tight petroleum inventories.In the week to Sept. 14, hedge funds and other money managers…
Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal.TMC will deliver a large marine compressed air system to the FPSO…
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