North Sea-focused oil and gas company NEO Energy, backed by HitecVision, on Wednesday announced its plan to cut carbon emissions from its operations. The company, which in February agreed to buy ExxonMobil's Northern North Sea fields off the UK in a transaction valued at more than $1 billion…
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…
Swedish wave energy development company Eco Wave Power said Wednesday it was nearly done with the wall reinforcement works, meant to enable the installation of floaters on the sea wall of the Port of Jaffa, Israel.The works so far have included…
Oil and gas company Noreco, Denmark's second-largest oil and gas producer, on Wednesday announced the successful closing of its new $1.1 billion Reserve Base Lending facility. The new RBL facility replaces the company's existing $900 million RBL…
Norwegian offshore oil and gas company Aker BP has awarded a contract for the provision of software solutions aimed at helping with field development works to FutureOn, an Oslo-based software company specializing in the provision of digital oilfield solutions…
3t EnerMech, a recently launched alliance between UK-based energy industry training firm 3t Energy and oilfield services provider EnerMech, has launched a training service in Angola, and has already secured a contract with an offshore drilling contractor…
French energy group Total said it had agreed with the Papua New Guinea government to proceed with a liquefied natural gas (LNG) project in the country, which had been delayed due to the pandemic, with a final investment decision due in 2023…
Colombia's majority state-owned oil company Ecopetrol on Tuesday reported a soaring first-quarter net profit of 3.09 trillion pesos ($806.5 million) for this year, buoyed by improved oil prices and with the backdrop of a dismal comparative period in 2020…
Global communications firm Viasat has completed the acquisition of the offshore communications solutions provider RigNet, after RigNet’sstockholders approved the transaction on April 21, 2021.The proposed merger was first announced in December 2020…
Offshore wind turbine maker Siemens Gamesa Renewable Energy has secured, subject to final contract awards, more work in Taiwanese offshore wind space.The company was back in November 2019 announced as a preferred supplier of offshore wind turbines for Hai Long 2A (300 MW) project…
Oil and gas company Wintershall Dea has terminated the rig contract for the West Mira semi-submersible drilling rig, owned by Northern Ocean, managed by Seadrill.The news of the contract termination was shared Wednesday by Seadrill. Seadrill said: 'Seadrill Limited […
Jack-up drilling rig contractor Shelf Drilling has secured a contract in India for its Trident XII jack-up drilling unit. The contract is with the Indian oil company ONGC. Under the three-year contract, the Trident XII drilling rig will be used…
Norway's Equinor said Tuesday that Poland’s Energy Regulatory Office (ERO) announced Equinor and Polenergia’s Bałtyk II and Bałtyk III offshore wind projects in Poland were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme…
Lebanese President Michel Aoun said on Tuesday there should be no preconditions for talks with Israel over their Mediterranean border dispute, key to Lebanon's hopes to find gas reserves amid its worst economic crisis since its 1975-1990 civil war…
Italian oil and gas and renewable industry services giant Saipem has appointed Francesco Caio as its new CEO.Born in 1957, Caio has a degree in Electronic Engineering from the Politecnico di Milano and a Masters in Business Administration (MBA) from INSEAD Fontainebleau…
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