Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP…
SFL Corporation Ltd. has signed a $50 million contract with a subsidiary of Portugal's Galp Energia to deploy the harsh environment semi-submersible rig Hercules in Namibia.The contract is for two wells plus optional well testing and is expected to start in the fourth quarter of 2023…
The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen's coast and avert an environmental disaster.U.N. officials have been warning…
RWE and Northland Power have selected Dajin Offshore as the preferred supplier of offshore wind turbine foundations for their up to 1.6-gigawatt (GW) Nordseecluster offshore Germany. The Nordseecluster cluster will consist of four offshore wind farm sites in the German North Sea…
TenneT has awarded NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Denys contracts to install 525 kV HVDC cable systems for ten projects.The total volume of the contracts for the production and installation of the ten cable systems amounts to approximately € 5…
NOV has signed a new contract with China's CIMC Raffles to supply another GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway, which recently ordered its second wind turbine installation vessel from CIMC…
Vietnam aims to more than double its power generation capacity by 2030, but has slightly lowered its target for offshore wind and will heavily rely on coal until the end of the decade, according to a government document seen by Reuters.Total…
U.S. oil and gas producer ConocoPhillips on Thursday said it sees 'light at the end of the tunnel' in long-running claims for expropriation of its Venezuelan assets, as it appeals an $8 billion arbitration award and pursues another lawsuit in the U…
Ithaca Energy said on Friday it had signed an agreement with Shell to market the oil major's 30% stake in the Cambo oil prospect in the UK North Sea, with a potential for Ithaca to increase its ownership. Shell pulled its support for Cambo in late 2021 citing economic reasons…
Brazil's Petrobras may move a rig it has installed to drill at the mouth of the Amazon River Basin to another location if it does not obtain a long-awaited environmental license to start operations there, an executive said on Monday.The remarks…
Offshore drilling firm Transocean, on behalf of its clients Wintershall Dea and OMV, has contracted InteliWell to equip and utilize its proprietary InteliWell software on the semi-submersible drilling rig Transocean Norge.InteliWell is a joint…
Talks on a planned sale of Dutch state-owned electricity grid operator TenneT's German unit to Berlin have hit a hitch over price, the company's outstanding bonds, and offshore infrastructure, people familiar with the matter said.The sale would…
Relocating Shell's headquarters from London is not on Chief Executive Wael Sawan's priority list, he said on Thursday, as he focuses on narrowing the energy giant's share performance gap with U.S. rivals. Shares of Europe's top energy companies including Shell…
LOTOS Petrobaltic, part of ORLEN, has ordered Saab’s Seaeye Leopard work-class ROV to service subsea infrastructure within Poland’s B3 and B8 oil fields in the Baltic Sea.'After evaluating other work vehicles on the market, LOTOS Petrobaltic…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
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