Offshore helicopter transportation company CHC on September 1 said it had completed the acquisition of Babcock International’s offshore oil and gas aviation business. Now, the UK competition watchdog Competition and Markets Authority has launched an inquiry to see whether the deal has resulted…
Oil major Shell has with its partners in Norway taken a final investment decision (FID) on a wet gas subsea compression project at Ormen Lange, Norway’s second-biggest gas field, and submitted a Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy…
Oil and gas company BP has chartered Prosafe's offshore accommodation rig Safe Zephyrus for work in the UK North Sea.The Safe Zephyrus, with beds for 450 persons, in single-man cabins, will provide gangway-connected operations to support the…
Germany-based food retailer REWE has signed a 10-year power purchase agreement with Ørsted to procure 100 MW of electricity from Ørsted’s Borkum Riffgrund 3 offshore wind farm which is set to become operational in 2025.The deal marks REWE Group’s…
Offshore cable construction and installation firm Nexans has said it has entered into exclusive negotiations with an unnamed 'leading developer' to supply and install onshore and offshore export cables for 'a significant' offshore wind farm in the UK…
Britain's SSE has not made a decision to break itself up, the renewable power and networks group said on Monday, after a newspaper report said it was close to splitting up following months of pressure from U.S. activist investor Elliott.The…
U.S. Democratic lawmakers on Thursday asked the chiefs of four major fossil fuel companies and two lobbying groups to testify next month on whether the industry led an effort to mislead the public and prevent action to fight climate change.House…
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.The…
Floating wind technology developer BW Ideol has gained access to the Ardersier Port in Scotland for the construction of its concrete floaters for floating wind turbines.Under the agreement signed between BW Ideol and Ardesier Port authorities…
Norwegian oil and gas company Equinor has spudded the Egyptian Vulture exploration well in the Norwegian Sea.Longboat Energy, the recently formed E&P company, and Equinor's partner in the project with a 15 percent stake, announced the spud on Tuesday…
BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post-Hurricane Ida.The company on Sept. 7 said it had resumed operations at its Atlantis and Mad Dog platforms…
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
Finland-based marine equipment and technology firm Wärtsilä has sold Wärtsilä Tank Control Systems business to Svanehøj, a Danish gas pump specialist involved in the design and manufacture of specialized deep well pump solutions within the areas of gas pumps…
U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy Norwegian ship owning company Ocean Yield for 7.2 billion Norwegian crowns ($829 million), the two companies said in a joint statement on Monday.KKR's bid of 41 Norwegian crowns…
Offshore seismic data company ION Geophysical has this week said its Board of Directors has started a process to evaluate a range of strategic alternatives to strengthen its financial position and maximize stakeholder value 'as the company continues…
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