Norway's maritime tech specialist, Kongsberg Maritime, has secured a delivery contract with an undisclosed partner for a HUGIN Endurance AUV System.HUGIN Endurance is a long-range autonomous underwater vehicle (AUV) designed for shore-to-shore operations…
Top oilfield services provider Schlumberger Ltd reported a 64.9% jump in third-quarter profit on Friday that topped Wall Street expectations as a surge in oil and gas prices led to more drilling activity. Oil and gas producers are looking to…
AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…
Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1…
Norwegian offshore wind company Vårgrønn, a joint venture between the Italian energy company Plenitude and the Norwegian energy investor HitecVision, has acquired Plenitude’s stake in Dogger Bank A, B and C in the UK, which will be the world's largest offshore wind project…
Norway's Aker ASA said on Wednesday it was no longer part of a consortium that had made an unsolicited offer in July to buy most of Austrian oil and gas firm OMV's exploration and production business. Austrian newspaper Kurier on Tuesday reported that Aker…
The Biden administration on Thursday said it would hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law.The Bureau of Ocean Energy Management (BOEM) will offer all of…
Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. The company during the recent…
Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…
Andrew Hockey, CEO of the UK-based oil and gas company IOG, with gas fields in the Southern North Sea, is set to step down after nearly five years in the role. IOG's Chief Operating Officer, David Gibson, is stepping down, too.The news of the resignations came Wednesday…
American Shipping Company ASA (AMSC) has completed the acquisition and taken delivery of the Normand Maximus construction support vessel.The vessel has already started a long-term bareboat charter with a subsidiary of the Norwegian offshore vessel operator Solstad Offshore upon delivery…
The U.S. Department of Energy is seeking input on research needs related to floating offshore wind energy mooring and anchoring systems. For this, DOE's Wind Energy Technologies Office (WETO) has issued a Request for Information (RFI).Apart from input on research priorities…
Africa-focused oil and gas company VAALCO said Wednesday it had completed the installation of the Floating Storage and Offloading vessel ('FSO') installation and field reconfiguration at Etame field offshore Gabon.VAALCO Energy in August last…
Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Singapore's Sembcorp Marine, has completed the construction of the P-71 FPSO, integrating topsides on the China-built hull.The new FPSO vessel left the EJA shipyard on Tuesday. It will…
Shelf Drilling, an Oslo-listed offshore drilling services firm, has obtained a two-year contract extension for the Noble Sam Turner jack-up rig, which is a direct continuation of its present contract in Denmark.The contract has been secured by way of a priced option exercise by the customer…
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