The European Commission has given its approval for the proposed offshore wind joint venture between France's Engie and Portugal's EDP Renewables.The two companies back in January signed a deal to form 50/50 joint-venture (JV) in fixed and floating offshore wind…
Oilfield services giant TechnipFMC reported a net loss of $2,4 billion in the third quarter on after tax-charges. TechnipFMC said Thursday that result included impairment and other charges and provisions for goodwill and fixed assets totaling $2…
UK based oil and gas company Hurricane Energy has said its CFO Alistair Stobie has resigned as Chief Financial Officer and a Director of the Company by mutual agreement with the Board.Although not carrying out his day-to-day responsibilities after today…
Malaysian FPSO leasing company Bumi Armada will appeal a recent court decision in which it lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO, which was at the time operating at the Balnaves Field…
Bahamas Petroleum Company has received environmental authorization for its Perseverance #1 offshore well, expected to spud in April offshore The Bahamas.'Authorization represents the conclusion of an extensive and thorough process over many years…
Offshore drilling firm Seadrill said on Thursday the recent recovery of rig markets had slowed at the start of 2020, and that discussions with creditors on how to handle its massive debts would continue.The company booked $39 million in adjusted earnings before interest…
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…
Subscribe
