Premier Oil said on Thursday it had agreed to terms for a long-term refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after posting a first-half loss on weak crude prices. The British company said $2…
Turkey has found significant gas resources in the Black Sea, two Turkish sources said, a discovery which could help the country cut its dependence on energy imports if the gas can be commercially extracted.President Tayyip Erdogan told energy…
Germany based Buss Energy Group has acquired a 24.9 percent stake in Austrian drone specialist Aero Enterprise which provides drones for offshore wind turbine inspections.The Aero Enterprise drones are based on helicopter technology and thus can be used even at high wind speeds…
Australia's No. 2 independent gas producer Santos Ltd paid out a weaker than expected half-year dividend amid uncertainty over a recovery from the coronavirus pandemic, as the oil market slump halved its first-half underlying profit.Disappointed investors sent its shares down more than 5%…
Singapore's Keppel Offshore & Marine has said that converted FLNG vessels save approximately 33% of greenhouse gas (GHG) emissions compared to an FLNG new build, citing a study by environmental consultants, Environmental Resources Management (ERM)…
Offshore geotechnical services company Benthic will be deploying a remotely operated seabed drilling system off Brazil, as part of a contract awarded by the Brazilian national oil company Petrobras.Petrobras has hired Benthic to carry out geotechnical…
Norway-based seismic surveyor Shearwater GeoServices has won its first-ever contract in Vietnam.Under the contract signed with operator SK Innovation, Shearwater will be responsible for a towed streamer 3D acquisition over the offshore Block 16-2…
Oil and gas investment in Norway, Western Europe's top producer, will rise more this year and decline less in 2021 than predicted a few months ago, an industry survey by the statistics office (SSB) showed on Thursday.Petroleum companies, including Equinor…
Germany's largest power producer RWE plans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BP announced a major low-carbon push.'A pipeline needs to be worked on constantly…
Belgium-based offshore installation services company Deme Offshore will deliver and install subsea cables for the giant Dogger Bank offshore wind farm, off the North East coast of EnglandUnder a contract which Deme Offshore described as 'substantial'…
Brazilian oil company Petrobras has awarded oilfield services provider TechnipFMC a subsea engineering, procurement, construction and installation (EPCI) scope as part Mero 2 oil field development project offshore Brazil.The Mero 2 project, sanctioned in June 2019…
Offshore gangways, motion-compensated at that, used for crew and equipment transfers from vessels to offshore oil and gas and wind installations have been around for a while.While the motion-compensation technology keeps a gangway steady for…
China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows.The listed…
Underwater asset integrity company Welaptega's recently launched system for marine growth removal from offshore risers recently had a debut at Var Energi's Balder X project, in the North Sea, offshore Norway. Welaptega delivered the system called…
Turan Drilling & Engineering, a Caspian region focused joint venture between KCA Deutag and SOCAR AQS Company, has employed 71 new workers to support the newly awarded contract by BP.Following a $500 million contract award last year, Turan Drilling…
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