Offshore drilling contractor Stena Drilling has secured a contract with Shell for the Stena Evolution drillship.The Stena Evolution, built by Samsung Heavy Industries, was originally ordered by Ocean Rig, and named Ocean Rig Crete.Ocean Rig ordered the drillship in 2014…
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday…
British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain…
Weststar Aviation Services, a company providing offshore helicopter transportation services provider in Southeast Asia, has agreed to buy five AW139 helicopters from Leonardo. The companies have also signed the AW609 tiltrotor aircraft partnership agreement…
Norwegian oil and gas Equinor has informed that the Hywind Tampen floating wind farm, the world's largest, has started delivering power to its Snorre field, offshore Norway.'As the operator, we’re proud to announce on behalf of the partners…
OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market…
Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…
Dutch offshore installation services firm Van Oord has informed that its flexible fallpipe vessel Stornes has set a new world record. The vessel carried out subsea rock installation works what Van Oord says is a record water depth of 1.364 meters…
- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…
In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall.The turbine will be one of 111 spinning at a multi-billion dollar offshore wind…
Brazilian oil company Petro Rio said Tuesday it had found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO (ex-Frade FPSO).The primary target (Eocene sandstone), presented a column of 36 meters of oil…
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels.Oil companies are…
Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, said Wednesday it had completed the acquisition of 4% interest in Block 3/05 and 4% interest in Block 3/05A offshore Angola from Croatia's INA-Industrija.Afentra also said…
Malaysia-based energy industry services firm Uzma has, via its Thai subsidiary MMSVS secured a contract with the oil company Valeura Energy Inc.The three-year contract is for the provision of coil tubing equipment and services in the Gulf of Thailand…
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…
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