Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…
Malaysia-based Velesto Energy has signed a memorandum of understanding (MoU) with Petronas and National Oilwell Varco (NOV) to implement rig mechanized automation processes and integrate robotics into drilling operations.The MoU aims to establish…
U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations.The National Offshore-wind Opposition Alliance…
China National Offshore Oil Company (CNOOC) said on Thursday it signed strategic alliance agreement with Abu Dhabi National Oil Company (ADNOC) to deepen cooperation.Under the agreement, the companies will cooperate in oil, gas exploration and production…
The Department of Energy’s Office of Technology Transitions has awarded $7.4 million to develop seven projects at Sandia National Laboratories aimed at advancing clean energy technologies.In total, DOE’s OTT announced $41.4 million in federal…
Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of 'national interest.'Magda Chambriard…
The Viking Link, said to be the world’s longest land and subsea electricity interconnector, became operational and started transporting power between the UK and Denmark.The $2.15 billion (£1.7 billion) link stretches for 475 miles between UK and Denmark…
Hitachi Energy and industry group WindEurope have published a new report which concludes that Europe needs more meshed grids to ensure its offshore wind development.Meshed grids are clusters of offshore wind farms with fewer cables connected…
Russia failed on Monday to get the U.N. Security Council to ask for an independent inquiry into explosions in September on the Nord Stream gas pipelines connecting Russia and Germany that spewed gas into the Baltic Sea. Only Russia, China and Brazil voted in favor of the Russian-drafted text…
Marine seismic survey contractor Shearwater GeoServices has secured a 3D streamer survey offshore South Korea.The contract, of an undisclosed value, was awarded by Korea National Oil Corporation (KNOC).The award of the 1,200 sq. km survey marks…
The U.S. Bureau of Ocean Energy Management (BOEM) said Friday that it would hold an oil and gas lease sale in the Gulf of Mexico in March 2023.The Gulf of Mexico Oil and Gas Lease Sale 259 will offer approximately 13,600 blocks on 73.3 million acres in the Western…
Danish offshore wind installation vessel owner Cadeler has awarded Semco Maritime a contract for vessel modifications as part of the upgrade of main crane capacity on Cadeler’s two O-class windfarm installation vessels (WFIV), Wind Orca and Wind Osprey…
NOV has signed contracts with China's CIMC Raffles to design and equip a self-propelled wind turbine installation jack-up vessel for the Norwegian offshore wind services company HavframNOV, until recently known as National Oilwell Varco, will…
Abu Dhabi National Oil Company (ADNOC) has signed contracts worth over AED 1 billion (around $272,25 million) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027.The contracts were signed…
Sue McCarrey has been appointed Chief Executive Officer (CEO) of Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for a three-year term from February 2023.To join NOPSEMA, McCarrey will leave her…
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