Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…
Russia said it could cut gas deliveries to Germany through the Nord Stream 1 pipeline amid rising tensions over the Ukraine crisis, disrupting a route that accounted for 60% of Russian gas supplies to Europe in the first two months of this year…
Modern American Recycling Services, Inc. (M.A.R.S.) has acquired the DP3 diving support construction vessel “Caballo Marango” and will rename the vessel to 'Captain America.''The acquisition of this vessel represents a substantial investment…
Two experienced industry veterans Marc Gerrard and John Morgan have launched RenQuip Limited, a new Dyce, Aberdeen-based tool manufacturing and equipment rental company 'that will bridge the gap between the petroleum and renewables sectors.''RenQuip’s…
Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…
ETZ Ltd and the Offshore Renewable Energy (ORE) Catapult have agreed to co-invest and collaborate in 'a world-leading' National Floating Wind Innovation Centre in Aberdeen.The center will be dedicated to accelerating the commercialization of…
After last year's launch of the Helideck Perimeter Safety Net range designed to protect offshore workers and equipment from falling, offshore safety equipment maker Dropsafe has expanded its offering. 'Dropsafe now offers two different versions of the Net…
British independent Serica Energy said it has paused production from the Rhum gas field in the U.K. North Sea while it works to replace malfunctioning underwater equipment.Serica said on Monday that it identified a fault in the Rhum subsea control module…
Oil major Shell said Tuesday it would withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and liquefied natural gas (LNG). The news follows Shell’s decision last week that it intends to end…
The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change…
With increasing pressure on the oil and gas industry to cut its emissions footprint, Neptune Energy said it aims to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.According to the company…
Energy industry logistics provider Peterson said Monday it had secured a new contract with Shell to provide supply base services from the Port of Lowestoft, in the UK.'The new contract follows the expiry of a 7-year-old contract and strengthens…
Oil and gas company Kosmos expects to spend approximately $700 million in capital expenditures in 2022.The company will spend around $400 million of the budget in relation to its base business in Ghana, Equatorial Guinea, and Gulf of Mexico…
Industrial services provider has agreed to acquire the UK-based energy industry engineering and maintenance specialist Sparrows Group.The transaction will include the acquisition of Sparrows’ wind energy business Alpha and is an important development in Altrad’s global growth ambitions…
Offshore drilling contractor Transocean expects rig dayrates to keep growing, boosted by high oil prices and growing demand, the company's CEO said Tuesday, as the company posted its fourth-quarter results.Transocean CEO Jeremy Thigpen said: 'As we move into 2022…
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