TotalEnergies condemned what it called Moscow's military aggression in Ukraine but stopped short of following rivals such as Shell and BP, which have said they will exit positions in resource-rich Russia.The French oil major, which holds a 19…
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade…
In the latest corporate backlash to Russia's invasion of Ukraine, the Board of Shell plc said it intends to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility…
Offshore wind in the United States is moving forward at pace, thanks in large part to a number of positive developments for the newly emerging industry over the last year or so. For one, the Biden administration at the start of 2021 revealed…
Oil and gas company Kosmos expects to spend approximately $700 million in capital expenditures in 2022.The company will spend around $400 million of the budget in relation to its base business in Ghana, Equatorial Guinea, and Gulf of Mexico…
Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas.Cutting back on Russian gas has been tricky for Europe's largest…
AD Ports Group today announced that it has acquired Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other maritime organizations…
ETZ Ltd and the Offshore Renewable Energy (ORE) Catapult have agreed to co-invest and collaborate in 'a world-leading' National Floating Wind Innovation Centre in Aberdeen.The center will be dedicated to accelerating the commercialization of…
Oslo-listed Subsea services company DOF Subsea has entered into an agreement with Otto Candies for the charter of the Jones Act compliant vessel Chloe Candies for a firm period of two years. The deal follows on from the charter of the Ross Candies…
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.Brent crude LCOc1 rose $4.82, or 4.9%, to $102…
French oil major TotalEnergies has won a bid to build three gigawatts (GW) of offshore wind power capacity on the New Jersey coast in the United States.The company said the $795 million deal is for the 341 sq km New York Bight concession, which…
The Modification Alliance – Aker Solutions and Aker BP have selected the Norwegian technology company Techouse to deliver the Sulphate Removal Unit (SRU) for the Valhall IP platform in the North Sea off Norway, after a FEED delivery in 2021…
Japanese construction firm Kajima Corporation and Dutch offshore installation contractor Van Oord have been selected as the preferred Balance of Plant contractors for three offshore wind projects in Japan. In December 2021 the Government of Japan selected three consortiums…
Energy industry logistics provider Peterson said Monday it had secured a new contract with Shell to provide supply base services from the Port of Lowestoft, in the UK.'The new contract follows the expiry of a 7-year-old contract and strengthens…
Australian oil and gas company Santos is downmanning the Noble Tom Prosser rig, used for Pavo-1 well drilling off W. Australia, due to a cyclone threat, Carnarvon Energy, Santos partner in the project said The well is being secured and the…
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