Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is a rare…
Dutch maritime heavy lift transport and installation contractor Jumbo and German-based breakbulk and project cargo shipping company SAL on Thursday announced the launch of their joint venture Jumbo-SAL-Alliance, dubbed 'a new powerhouse in the heavy lift sector…
The United States stands ready to facilitate maritime border talks between Lebanon and Israel that will have benefits for the crisis-hit Lebanese economy, a U.S. envoy said on Thursday.On a visit to Beirut, Under Secretary of State David Hale…
A Norwegian appeal court has ordered the offshore accommodation firm Prosafe to pay NOK 465 million (~$55,49 million) to Westcon Yards, overturning the Stavanger District Court's order from 2018, related to a conversion work on an offshore accommodation rig…
Australia-based engineering and construction company Worley has won a contract extension with the Chinese oil company CNOOC to provide engineering, procurement and construction (EPC) services for CNOOC's three operated assets in the UK North Sea…
Malaysia's offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil company's SK408W Jerun Development Project, offshore Sarawak…
Offshore energy technology company Welltec has secured a three-year contract with the Malaysian oil firm Petronas as the sole provider of downhole conveyance and powered mechanical services for Petronas' Malaysia operations.Espen Dalland, Area…
Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…
The White House on Wednesday nominated attorney Tommy Beaudreau, who oversaw energy development programs at the Interior department during the Obama administration, as the agency’s second in command.Beaudreau will return as deputy to Secretary…
One person has died, a dozen are missing and six others have been rescued after a commercial lift boat used to service oil rigs capsized in hurricane force winds south of Louisiana’s Port Fourchon, the U.S. Coast Guard said on Wednesday.Rescuers in Coast Guard cutters…
Hydrographic marine survey company Nicola Offshore and Cyprus Subsea Consulting and Services C.S.C.S. Ltd (C.S.C.S.) have signed a commercial partnership agreement.The goal of the partnership, as shared in a press release on Wednesday, is to…
French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed.The delay is…
Emerson, industry digital transformation solutions provider, said Tuesday it has successfully migrated Spanish oil company Repsol's exploration data - some 90 terabytes - to the cloud. Cloud capabilities enable companies to securely store the data that powers vital analytics…
German oil and gas company Wintershall Dea said Wednesday it would boost its exploration processes with the roll-out of an artificial intelligence search engine.'The Exploration Advisory Tool, developed in partnership with IBM, uses the latest…
Coatings specialist Hempel said it has provided coatings to protect the Orbital O2 tidal energy turbine – dubbed the world’s most powerful tidal turbine. O2 is set to operate at the European Marine Energy Centre (EMEC) in the Orkney Islands in the UK…
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