Taiwan's Ministry of Economic Affairs (MOEA) planned a new target to develop further 10 GW of offshore wind capacity between 2026 to 2035 - anticipation of a price drop below the average consumer price.MOEA is fulfilling the 2025 target on schedule…
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018.For the full year 2019, the vessel utilization was 59%…
Russian oil and gas exploration company Gazprom Neft has completed ecological monitoring of grey whale populations at the Ayashsky license block, offshore from Sakhalin Island, with expedition members registering more than 550 animals in the course of a five-month survey…
Dutch multinational Geo-data specialist Fugro announced that it has been disappointed in an arbitration case involving Tasik Toba Subsea in March 2019, of a long-term chartered DP3 diving support vessel, the Southern Star.An arbitration tribunal…
Activists on Monday boarded a jackup drilling rig in Dundee harbor, in Scotland, aiming to prevent the rig from departing for scheduled drilling operations for Shell in the North Sea.The 'occupied' rig, Valaris' KFELS Super A jackup Valaris Ju-122…
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander.Brent crude futures soared to a high of $70…
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu.The diesel power specialist said its team of engineers undertook the 6…
Turkey and Libya could work with international companies to search for oil and gas in the eastern Mediterranean, Turkish President Tayyip Erdogan said on Sunday, following a deal between Ankara and the Tripoli-based government on maritime borders…
Norwegian offshore operator Equinor said Monday it will invest 50 billion kroner ($5.67 billion) over 10 years on a path toward reducing company-wide emissions by 40% through to 2030.Using the EU’s 2005, rather the UN’s 1990 as a benchmark year…
UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.The have signed a Letter of Intent…
Gulf Marine Services PLC, the operator of self-propelled and self-elevating support vessels (SESVs) said it has been awarded two contracts, with secured utilization of its fleet for 2020 now exceeding the year before.The UAE-headquartered company…
Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines.'SGRE is moving forward in its strategy of making…
International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board.Glass graduated from the University of Alberta in 1983 with a degree in Business.…
Mexico threw troubled state oil company Pemex a lifeline in 2019 to stop $80 billion in bonds held by investors worldwide being labeled junk by credit rating agencies. Now, investors worry that the state itself is a risk for Pemex.Mexico's creditworthiness came under increasing scrutiny in 2019…
Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.The gain from the sale of the assets to Var Energi AS…
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