Dutch geological data specialist Fugro scrapped its annual outlook on Monday and announced further job cuts, citing an impact from project delays, sending its shares lower.Shares in Fugro were down around 11% to their lowest since March 2022 at 0705 GMT…
Malaysian independent oil and gas exploration firm Hibiscus Petroleum has spudded a new well at the Teal West field in the North Sea, off the coast of the United Kingdom.The drilling operations is being done with Shelf Drilling’s Shelf Drilling Fortress jack-up rig…
Belgium-based offshore installation services company DEME has ordered a new Offshore Construction Vessel (OCV), which will be built by PaxOcean at the Zhoushan shipyard in China.The new OCV will strengthen DEME’s subsea cable installation capacity to meet the evolving global offshore wind market…
Equinor and its partners Vår Energi and Aker BP have drilled a dry exploration well in the North Sea.The wildcat well 34/8-20 S was drilled about 130 kilometres west of Florø, in the Narvi nord prospect.The well was first to be drilled in production license 554 E…
The Engineering Construction Industry Training Board (ECITB) has unveiled its new strategy, Leading Industry Learning, outlining how it will help to address skills shortages and support industry growth in Great Britain.The strategy sets out a five-year plan…
Around 130 workers have overwhelmingly backed a pay deal with offshore operator China National Offshore Oil Corporation (CNOOC) negotiated by Unite, U.K.-based workers' union.The basic pay increase is worth 5.5% with further improvements to allowances worth an additional seven per cent…
ELWIND has signed a contract with Haskoning Nederland to carry out a study on determination and assessment of possible grid connection points, cable routes, as well as network configuration for Estonian-Latvian offshore wind farm ELWIND. The…
Entrion Wind has signed a memorandum of understanding (MoU) with Global Maritime to establish a strategic partnership focused on advancing its Fully Restrained Platform (FRP) monopile foundation technology through a planned demonstration project in U…
Bernhard Schulte Shipmanagement (BSM) has expanded its portfolio with the technical management of a Floating Storage and Regasification Unit (FSRU) for the first time, through its Hamburg-based LNG specialist Pronav.The vessel, Turquoise P, was built in 2019 and is owned by Pardus Energy…
Danish offshore wind installation firm Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14 MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The…
BW Energy has appointed Brice Morlot as Chief Operating Officer (COO) and Thomas Young as Chief Financial Officer (CFO), following management changes at the oil and gas company.Morlot, who joined BW Energy in 2024 as CFO, brings financial expertise…
Petrovietnam Drilling & Well Service Corporation (PV Drilling) has officially taken ownership of Noble Corporation’s Noble Highlander jack-up rig, which has been renamed to PV DRILLING IX.The rig has been transferred to PV Drilling’s technical team in Denmark…
Mammoet has entered into a strategic partnership with Tugdock Submersible Platforms to expand the use of the Tugdock Submersible Platform (TSP), a technology which improves buoyancy, stability and load transfer activities in marine transport operations…
The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing.The project could create up to 12…
Norway’s Ministry of Energy has received two applications to develop floating wind projects in the Utsira Nord area, marking the next step in the country’s effort to expand renewable energy capacity.The first application is from the consortium between Equinor Utsira Nord and Vårgrønn Utsira Nord…
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