Romanian OMV Petrom could postpone a final investment decision over its Black Sea deep water gas project until 2023 if lawmakers do not amend an offshore law by the end of this year as agreed, its chief executive said on Wednesday.OMV Petrom…
Norwegian offshore vessel operator Solstad Offshore has said Wednesday it had secured a contract for its Normand Maximus construction support vessel.The contract is with an unnamed 'major energy company.' The contract starts immediately, and…
Romanian gas producer Romgaz has estimated it will finalize the acquisition of a 50% stake in a Black Sea offshore gas project from Exxon Mobil in the first quarter of next year, its manager Aristotel Jude said on Wednesday.Romgaz will ask shareholders to approve the deal at a meeting on Dec…
Romanian state-owned gas producer Romgaz will pay up to $1.07 billion to Exxon Mobil for its 50% stake in a Black Sea offshore gas project, the company said.The other half of the long-delayed Neptun Deep offshore project is owned by Romanian OMV Petrom…
Romanian oil and gas company Black Sea Oil & Gas has said it has installed the Ana offshore production platform in the Black Sea. According to BSOG, this is the first offshore platform built and installed in Romania in the past 30 years.Following…
Marine robotics company Ocean Infinity has acquired Norway-based company Red Rock, a company providing offshore lifting and handling equipment, as well as AI-supported autonomous equipment and operations.Announcing the acquisition, Ocean Infinity…
Black Sea Oil & Gas (BSOG) is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains it could impact its operations in the country, its chief executive said…
Norway's Farstad, Volstad, and Kleven have teamed up and formed a new ship-owning company in Norway, called Norwind Offshore, focused purely on offshore wind.For this, Norwind Offshore has already entered into a contract with Vard for the delivery of three vessels by 2024…
Energy and telecom cable systems company Prysmian Group announced it has taken delivery of the 'unique' and 'record-breaking' battery-hybrid cable laying vessel Leonardo da Vinci. “Leonardo da Vinci is the most efficient cable layer in the world…
Rem Offshore and VARD signed contracts for the design and construction of construction service operations vessels (CSOV).Two CSOVs with an option for two additional vessels were ordered by Rem Offshore with VARD. Two firm contracts for the firm…
Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…
European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition…
Norwegian offshore vessel operator Solstad Offshore said Thursday it had reached a settlement deal with the Italian offshore services firm Saipem over a fee for early contract termination for the Normand Maximus vessel.As reported in September 2020…
Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…
Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday…
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