Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
Dutch offshore services contractor Boskalis has served the Malaysian offshore construction firm Malaysia Marine Heavy Engineering (MMHE) with an arbitration notice over alleged cost overruns related to the Bokor platform project, in Malaysia…
Australian oil and gas company Emperor Energy has acquired from CGG a license to recently acquired 3D seismic data covering its Judith gas field located within the Vic/P47 Permit in the offshore Gippsland Basin, Victoria, Australia.According to Emperor Energy…
German engineering group Siemens Energy aims for a slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market.Biden last week set out his plans for a transformation of the U…
Offshore equipment company OEG Offshore (OEG) has this week acquired Norfolk‐based Pegasus Welfare Solutions (PWS), a company that developed the world's first offshore wind turbine toilet, for an undisclosed sum.Aberdeen‐based OEG, which provides the offshore market with DNV certified containers…
Acta Marine has this week completed its three-year maintenance campaign for Ocean Breeze on the Bard Offshore 1 wind farm, the first commercial offshore wind farm in Germany.Acta Marine's Acta Auriga walk-to-work support vessel - which offers…
Chevron Corp shareholders will vote on proposals aiming to require the No. 2 U.S. oil producer to reduce the environmental impact of its products and report on climate business risks.Chevron has pledged to limit the pace of growth of its carbon emissions that contribute to climate change…
Safe Influx, an Aberdeen-based well control company, said Thursday that the rig trial of the industry’s first-ever integration of Managed Pressure Drilling (MPD) and Automated Well Control technology has been completed. 'Following months of preparation by Weatherford…
Marine renewable energy group Ocean Energy Europe (OEE) has appointed CorPower Ocean CEO Patrik Möller and Simon De Pietro from DP Energy as its new Co-Presidents. 'This pairing brings together both technology and project development perspectives…
A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for output to resume in an oilfield, an official of the facility's operator said on Thursday…
Brazilian oil company Enauta has received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit the field located in the Santos Basin.Enauta said that…
China’s offshore oil and gas major CNOOC Ltd has put out a fire at a production platform in Bohai Bay and is focusing its efforts on searching for three people who went missing, the firm said on Friday.In a filing to the Hong Kong stock exchange…
Marine seismic data company ION Geophysical has said it has secured an exclusive agreement for 3D multi-client programs offshore Kenya, an underexplored province that has yet to produce its first offshore oil. The agreement includes both 3D…
ChampionX, a Texas-based oilfield tech company, has said it has won two contracts to deliver its 'non-toxic chemicals' aimed at tackling corrosion to two major North Sea operators.Under the contracts worth £2.8 million ($3.9 USD) in total, the…
Norwegian company Offshore Heavy Transport, specializing in ocean transportation of heavy structures with its fleet of open deck semi-submersible heavy transportation vessels, is diversifying.The company is now building a fleet of vessels for…
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