Saudi Arabia's sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according to two sources who declined to be identified as the matter is not public…
The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasizing his country's right to exploit energy reserves in the contested waterway…
Shell has completed a scheduled maintenance at its 200,000 barrels-per-day Bonga deep water storage and offloading vessel in Nigeria, a spokesperson said.The Shell Nigeria Exploration and Production Company said in a statement late on Thursday that the maintenance was completed in 22 days…
Peterson, a provider of logistics services for the energy industry, has won a contract to provide facilities management for shared access to the onshore converter stations for two large offshore wind farms, Dogger Bank C and Sofia, in the UK…
The global offshore wind industry is staring down a potential shortage of foundation installation vessel capacity. A new UK company led by former offshore drilling executive Jon Oliver Bryce intends to help tackle this challenge as the industry’s…
Malaysian offshore services provider Icon Offshore has completed the sale of its Perisai Pacific 101 jackup drilling rig to ADES.The 2014-built rig was sold to ADES for $85 million in cash and the disposal of the rig was completed on November 22…
Europa Oil & Gas has decided to give up its Inezgane license offshore Morocco after failing to secure a farm-in partner to drill an exploration well in the block.The Moroccan authorities had, in October 2020, given the company more time to complete the technical work program at the license…
Oil and gas company Neptune Energy said Wednesday it had found hydrocarbons in the Calypso exploration well in the Norwegian Sea. The well is located within the Neptune-operated PL938 license.'Having entered the reservoir, logs proved the presence of hydrocarbons…
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured 'significant vessel capacity for the coming four years' through a deal…
The Norwegian oil and gas company OKEA cut its output guidance for 2023 on the back of the news that the Wintershall Dea Norge-operated Nova field offshore Norway may have limited production next year.The Nova subsea field, sits about 120 kilometers northwest of the city of Bergen…
Ocean Winds, which is building the Moray West offshore wind farm in the UK, has signed contracts with JDR Cables and Seaway 7 for the supply and installation of the inter-array cables.The subseacables will connect the wind turbines back to the…
Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy…
The Norwegian energy company Equinor and the UK-based Offshore Renewable Energy (ORE) Catapult said Wednesday they had entered a collaboration deal to address some of the most pressing issues facing the offshore renewables sector.The UK-wide partnership brings together Equinor…
Norway's Equinor and Japan's Hitachi Energy have signed a deal to collaborate within electrification, renewable power generation and low-carbon initiatives globally.One of the first things the two companies will work on together is creating…
Nigerian company UTM Offshore has signed a front-end engineering design (FEED) contract for the development of an FLNG facility in Nigeria with JGC Corporation, Technip Energies, and KBR.This will be Nigeria's first floating liquefied natural gas (FLNG) facility…
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