Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill…
The leaders of Germany and Norway said on Wednesday they would jointly ask NATO to coordinate the protection of Europe's subsea infrastructure in light of the suspected attacks on the Nord Stream gas pipeline network.European countries have…
Some 170 members of UK's largest union Unite working for Petrofac on Repsol's UK North Sea offshore platforms, are taking 48-hour strike action from Thursday, December 22, the union has informed. Separately, 76 unite members who are Petrofac…
Oil and gas company Neptune Energy has awarded a two-well contract extension for the semi-submersible drilling rig Deepsea Yantai.The rig, owned by China's CIMC Raffles, is managed by the Norwegian offshore drilling firm Odfjell Drilling.Odfjell…
Russia will wait until a full damage assessment to the Nord Stream gas pipelines is done before deciding on any repairs, if any, Kremlin spokesman Dmitry Peskov said on Friday.Swedish investigators have found traces of explosives at the site of the damaged Nord Stream pipelines…
Oil and gas company Barryroe Offshore Energy, until recently known as Providence Resources, said Tuesday that its CFO had decided to resign.The Irish-based company said it had accepted notice of the resignation of Simon Brett, Chief Financial Officer…
Oil and gas company Neptune Energy has confirmed a new discovery the Calypso exploration well (PL938) in the Norwegian Sea.Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe)…
The Norwegian oil and gas company Equinor has filed a plan for development and operation (PDO) for Verdande offshore development in the Norwegian Sea to the Ministry of Petroleum and Energy.According to Equinor, the subsea development secures important oil volumes for the Norne production vessel…
Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data…
Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.While spending more, it will be less than half the combined $84 billion they spent in 2013…
Subsea services provider DeepOcean has signed a collaboration deal with Akvaplan-niva regarding the potential utilization of remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) to perform environmental studies for offshore wind and oil and gas developments…
Investigators have found traces of explosives at the site of the damaged Nord Stream pipelines, confirming that gross sabotage had taken place, a Swedish prosecutor said on Friday. Swedish and Danish authorities are investigating four holes in the Nord Stream 1 and 2 pipelines…
Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday. A 'small handful' of wells will be drilled in the Norwegian and Barents Seas each…
Houston-based Bleutec Industries, a company which describes itself as the builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, said Thursday it had secured 'a significant capital commitment' from EnCap Investments L…
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