Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday.Of the amount, 75% would be spent on new power plants, with priority given to renewable sources…
The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review…
North Sea investment firm Kistos on Tuesday walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling.In July, Serica rejected Kistos's cash and shares merger proposal, which valued the company at 1…
Siemens Energy on Monday blamed a 200 million euro ($204 million) charge related to the wind-down of its Russian business for a wider net loss in 2022, but said it was still prepared to maintain turbines for the Nord Stream 1 Russian gas pipeline…
ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project…
Norwegian oil and gas company Equinor has this week received two consents from the offshore safety body Petroleum Safety Authority Norway to carry out works on two projects in the Norwegian Sea using the Transocean Encourage and Deepwater Stavanger offshore drilling rigs…
Marine survey specialist TDI-Brooks said Tuesday it had brought online a shallow water (<75-m) pneumatic vibracore (pVC) to supplement its other electric VC options (Feritech FT550 and Rossfelder P-5). According to the company, the pVC is a lightweight (4…
Green Yard Kleven in Norway said it has signed a contract with Brazilian shipowner Oceanica to convert two platform supply vessels (PSV) for operations with remotely operated underwater vehicles (ROV) and offshore crane.The two ships, both Marin Teknikk MT6009 design…
Two platform supply vessels (PSV) stationed in eastern Canada came to the rescue of a crew from a sinking fishing vessel off the coast of St. John's, Newfoundland and Labrador, on Monday.Atlantic Towing said its PSVs Atlantic Griffon and Atlantic…
Turkey sent its new hydrocarbons drilling ship to the Mediterranean Sea on Tuesday but President Tayyip Erdogan said it would operate 55 kilometres (34.18 miles) off Turkey's coast, in an area outside waters also claimed by Cyprus.Speaking at the launch ceremony in the southern province of Mersin…
An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid…
Underwater remotely operated vehicle (ROV) technology company VideoRay announced it has promoted Andy Goldstein to chief operating officer. He joined VideoRay in 2009 and most recently served as vice president, engineering and operations.Goldstein…
The UK-based offshore trade union Unite said Monday that medics who work on Shell platforms would be balloted for strike action following the rejection of a real terms cut pay.Unite said it represented more than a dozen workers employed by United…
Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as 'one-sided' and short of 'meaningful strategic rationale.''The Proposed Merger appears to us to be a…
Norwegian offshore vessel owner Solstad Offshore has secured a contract with Equinor for the platform supply vessel Normand Searcher.More precisely, Equinor has declared an option to extend the contract for the PSV for one more year to September 2023…
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