Offshore engineering services Aquaterra Group has announced its acquisition of the subsea engineering and technology provider Subsea Engineering and Technical Services (SETS).Both companies work in subsea and offshore construction, with both operating from Aberdeen…
Denmark's offshore wind major Ørsted has signed a Letter of Intent (LoI) with the Dutch non-profit organization Stichting Noordzeeboerderij to together work on combining offshore wind and nature-inclusive seaweed farms.The Eco-anchor system…
Danish wind turbines manufacturer MHI Vestas Offshore Wind has signed firm contracts with Copenhagen Infrastructure Partners (CIP) for the 589-MW Changfang and Xidao offshore wind complex in Taiwanese waters.Changfang and Xidao will have a joint…
The Australian Government has selected Fugro to join the HydroScheme Industry Partnership Program (HIPP) to increase Australia’s hydrographic industry capability.The panel of industry partners was chosen as part of a long-term strategy to ensure safe shipping routes…
Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.South Pars…
Dutch offshore equipment and vessel builder Royal IHC has secured a contract with Global Marine Group to design and delivery of an integrated power cable lay spread.The equipment will be installed on its newly chartered vessel, Normand Clipper…
Italian oilfield services firm Saipem has signed a memorandum of understanding with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ). Saipem said Tuesday that the memorandum set the path to towards the creation of a Joint Venture in Saudi Arabia…
Lebanon's much-delayed search for offshore oil and gas is set to begin on Thursday with the results from its first exploratory well expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said on Wednesday…
Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December.The government is entitled to a share of the oil produced…
British oil major BP has decided to leave three U.S. based trade organizations saying that its in-depth review has found misalignment of the climate-related policies and activities of trade associations with BP’s positions.Based on its findings…
U.S. Senator Marco Rubio on Tuesday said he was confident the administration of President Donald Trump will extend a ban on oil and gas drilling off Florida, despite its enthusiasm for opening much of the country's coasts to petroleum development…
Singapore's offshore facilities builder Keppel has said it has delivered 'the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project.'Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings…
Pipeline coating specialist Shawcor will provide thermal insulation coating services for Woodside's Sangomar offshore development in Senegal.The contract, awarded to Shawcor's pipe coating division by Subsea 7, will see Shawcor earn somewhere between CAD$30-$50 million…
Malaysian state oil firm Petronas said on Wednesday its fourth-quarter profit slumped 71%, hurt by impairment costs and lower prices of major products.Petronas said profit after tax for the October-December period fell to 4.1 billion ringgit ($968…
The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets…
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