McDermott International has won a Front-End Engineering Design (FEED) contract by the Qatari North Oil Company (NOC) for the Ruya Development, previously referred to as Al-Shaheen Phase 3-Batch 1, located offshore Qatar. 'This award is one the…
Jim Milne, Chairman and Managing Director of Balmoral Group, was awarded the honor of Knight Bachelor in the Queen’s Birthday 2022 Honours List for services to business and charity, and is now officially Sir James S Milne CBE, DL, DHC, Hon DBA…
Rovco, an offshore subsea and survey solutions provider, has chartered Glomar Offshore's Glomar Worker dynamic positioning (DP) vessel.The 60m long DP2 multi-purpose offshore support vessel will be put to work on the company’s growing number…
Norwegian oil and gas company Equinor has terminated a $428 million drilling contract with drilling firm Valaris for the Valaris DS-11 drillship.The drillship, stacked in Las Palmas, Spain, was supposed to start the contract in July 2024 and stay on the contract until December 2027…
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035…
Greensea Systems today launched Bayonet Ocean Vehicles, a new company created to develop, manufacture, and distribute a line of amphibious robots recently acquired from C-2 Innovations Inc.The deal includes the acquisition of the IP and inventory of C-2 Innovations’ crawling robot product line…
The UK-based oil and gas company Hurricane Energy with its partner Spirit Energy has decided to relinquish its stake in the Greater Warwick Area license containing the Warwick discovery offshore the Shetland Islands.Greater Warwick Area comprises…
Offshore drilling contractor Aquadrill has secured work for two of its drilling units, the Polaris drillship and the T-15 tender assisted drilling barge.Aquadrill and Vantage Drilling, as a manager of Aquadrill's drilling rigs, have reached…
Norwegian oil company Sval Energi has completed the acquisition of Spirit Energy Norway from Centrica.The USD 1,026 million Spirit Energy Norway acquisition closed May 31, with January 1 2021 as the commercial effective date. The acquisition includes 45 licenses (6 operated)…
Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU. The vessel, built in 2015, has a storage capacity of around 170…
Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.Investors in Capricorn, formerly known as Cairn Energy, will receive 3…
The UK-based Offshore Wind Growth Partnership (OWGP) has released its latest Development Grant funding call, with £2 million available for UK businesses looking to accelerate their growth in the offshore wind supply chain.The grants can be used…
Tenaris, a company manufacturing pipes and related services for the global energy industry, has informed that an Italian court has dismissed a case against Tenaris’s Chairman and Chief Executive Officer and two other Board members over allegedly improper payments in Brazil…
Malaysia's state energy firm Petronas on Tuesday posted higher profit of 23.4 billion ringgit ($5.35 billion) for its first quarter, in tandem with greater revenue following an upward trend in prices.Revenue rose almost 50% to 78.8 billion ringgit in the January-March quarter…