Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.U.S. Treasury…
Danish firm Everfuel has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero-emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark for which a final investment decision was made Wednesday…
Aberdeen-based oil and gas technology company, Deep Casing Tools (DCT), has secured new investment of £1.6 million from Scottish Enterprise and its long-term backer, EV Private Equity.DCT said the investment would help its build 'on its global success of the last two years…
Gilmore, a U.S.-based flow control solutions provider for the oil and gas industry, has appointed David Nemetz as its new Chief Executive Officer (CEO).The company is a subsidiary of Aberdeen-headquartered Proserv and provides flow control products and equipment for the drilling…
Dutch offshore construction firm Heerema Fabrication Group (HFG) has signed a contract with Iemants (part of Smulders) to construct the offshore transformer substation jacket for the Hollandse Kust (noord) offshore wind farm.The construction will occur at the HFG Vlissingen yard…
Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside.FAR had agreed to sell its Senegal interests, containing the Sangomar development, to India's ONGC Videsh in November 2020…
Danish offshore wind farm developer Ørsted has taken a final investment decision on the renewable hydrogen demonstration project at Avedøre Holme in Copenhagen, which will use offshore wind energy to produce green hydrogen.The project is expected…
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline to take Russian natural gas to Europe, as the Trump administration sought to raise pressure on the project on its last full day in office…
Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S. Gulf of Mexico platforms to avoid required shutdowns.The two were indicted Tuesday for spills in 2015 and 2018…
Polish state-run utilities PGE Enea and Tauron, which generate most of their electricity from coal, will have their coal assets carved out to boost their offshore wind investment, the deputy state assets minister said on Monday.Poland generates…
Halliburton Co posted a better-than-expected fourth-quarter profit on Tuesday, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year's industry slump, Reuters reported Tuesday.The second-biggest services…
Malaysian oil firm Petronas Carigali has extended a subsea inspection services contract with Tanjung Offshore, a subsidiary of T7 Global.T7 Global said Tuesday that the contract extension, signed in December, was for the provision of underwater inspection services using mini-ROV…
London-listed investment firm The Renewables Infrastructure Group (TRIG) has agreed to acquire an equity interest of 17.5% in Beatrice offshore wind farm in the UK from Copenhagen Infrastructure Partners ('CIP'). Beatrice is a 588MW offshore wind farm developed by SSE plc using Siemens turbines…
Dutch geotechnical survey services firm Fugro has secured a geotechnical and water consulting contract with Vössing Engineers to support the route planning, permitting, and installation of 106 km of underground power cables on Section 2 of Germany’s new Suedlink powerline…
Dutch marine services company Boskalis has chartered the construction support vessel the Southern Ocean.The vessel, jointly owned by Oceanteam and Bourbon, will start its work under the contract with Boskalis in February 2021. The contract is for a period of around two months…
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