AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group TRG AS.Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49…
German renewable energy firm RWE said Thursday it would be the first developer in the world to utilize Siemens Gamesa’s GreenerTower at its Danish offshore wind farm Thor. The tower steel plates are made of greener steel that produces at least…
Italian oil company Eni has extended the contract for Saipem's 7th-generation Santorini drillship for two years, starting in August 2023.According to Saipem, the extension is worth approximately 280 million dollars. 'To this amount will be added…
Danish maritime and offshore energy industry survey software and equipment manufacturer EIVA has launched a cloud-based thin client, NaviSuite Cloud Viewer, enabling NaviSuite users to share project data with end clients in a web browser. 'This…
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4…
Offshore energy industry services provider HST Marine said Thursday it had secured a long-term contract in the North Sea for its HST Hudson fast crew supplier, to continue working with Belgium-based offshore wind firm Otary.'In order to assist Otary with its emission reduction journey…
Oilfield firm Baker Hughes Co beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from…
The importance of carbon capture utilisation and storage (CCUS) to reaching net zero has been highlighted in a new Australian Government report calling for more support for the technology.The policy insights paper, “Reduce, remove and store…
Wind power may generate roughly 40% of North America's electricity by 2050, and solar power another 32%, if current and projected capacity development plans proceed as expected, data from risk assessment firm DNV shows.With hydropower expected to generate an additional 11…
UK-based offshore well decommissioning firm Well-Safe Solutions has deployed its Well-Safe Defender semi-submersible plugging & abandonment unit for work in the North Sea for Spirit Energy.This is the first contract for the Well-Safe Defender semi-submersible rig…
Corio Generation, part of Macquarie’s Green Investment Group, said Thursday it was joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA)…
Norwegian shipyard Green Yard Kleven AS has secured a retrofit project with Brazilian offshore vessel owner Oceanica.This is the fourth contract signed with the same shipowner that includes the reactivation and rebuilding of offshore ships bought from Norwegian shipowners…
The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade…
Oil major BP has started oil production at its Argos offshore platform in the deepwater U.S. Gulf of Mexico.With a gross production capacity of up to 140,000 barrels of oil per day, Argos is BP’s fifth platform in the Gulf of Mexico and the…
Oslo-listed offshore oil and gas services company Archer has completed the acquisition of Baker Hughes' Coil Tubing and Pumping business in the UK.In February, the two companies signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom…
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