Danish renewable energy company Ørsted’s operating profit in the first half of 2019 (H1) is $1.3 billion (DKK8.8bn), mostly from offshore wind.'Earnings from our offshore wind farms in operation increased by 18%, driven by ramp-up of generation from new wind farms in operation…
UK-based international offshore drilling contractor Seadrill Partners has scored a contract in Gabon for one of its drillships.The offshore drilling firm said in press release that its drillship West Polaris had secured a contract with PC Gabon Upstream for drilling operations in Gabon…
Netherlands-based Jumbo’s Fairplayer has completed the pre-installation and tensioning of a shallow water CALM buoy mooring system at a depth of 26 meters for the Mersa El-Hamra terminal offshore Egypt.The heavy lift shipping and offshore transportation…
The geoservices company Shearwater GeoServices announced it has been awarded a 4D seismic survey by Total to be conducted this summer offshore Denmark.The survey will be conducted by Shearwater’s SW Amundsen vessel at the Tyra, Tyra SE and Roar Fields…
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and gas industry.'AI…
The provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resource, Fugro has cancelled a charter with Oceanteam for construction support vessel (CSV) Southern Ocean off Australia as the…
Bermuda-based company Nordic American Offshore (NAO) announced that it has reached agreement with the lenders under the Company's $150 million Revolving Credit Facility, dated March 16, 2015 pursuant to which the lenders have agreed, upon…
Mediterranean focused oil and gas producer Energean announced Monday it has completed drilling operations and began producing from the extended reach well EA-H3 offshore Greece in the Mediterranean Sea.The well was brought into production on…
Offshore engineering and services company Subsea 7 revealed it has been awarded two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia.The engineering, procurement, construction and installation (EPCI)…
London-based Seadrill has formed a new joint venture (JV) with Angolan oil company Sonangol to operate drillships.The deepwater drilling contractor that provides worldwide drilling services to the petroleum industry said in a press release that…
Brazil's state-run oil company Petroleo Brasileiro SA may reconsider its dividend policy, Chief Executive Officer Roberto Castello Branco told Brazilian newspaper Valor on Wednesday.In an interview with the paper, Castello Branco said he may cancel quarterly dividends payments…
Hague and London Oil (Halo) said that it has now formally completed its acquisition of Third Energy Offshore Limited (TEOL).The Southern North Sea-focussed company, with a diverse portfolio of offshore and onshore producing, development and…
New UK North Sea-focused oil and gas company Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The London-based contracts services company for North Sea work said in a press note that the…
Dubai-headquartered offshore drilling contractor Shelf Drilling has bagged a three-year contract award for the Compact Driller jack-up rig with ADNOC Drilling, a division of Abu Dhabi National Oil Company (ADNOC)The contract is awarded for operations in the Arabian Gulf…
Switzerland-based offshore driller Transocean Ltd. announced Wednesday that it has completed the acquisition of Greek peer Ocean Rig UDW Inc.The $2.7 billion cash-and-stock deal adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles…
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