Norwegian authorities have approved Equinor's revised plan for development and operation (PDO) for partial electrification of the Sleipner field center in the North Sea.The field center will be tied to the Utsira High area power from shore solution…
Offshore drilling contractor Vantage Drilling's subsidiary Vantage Holdings International has signed an agreement to manage and market some of Seadrill Partners' offshore drilling rigs.Under the deal, signed on February 9, VHI will provide marketing…
BW Offshore, a company known for its FPSO leasing business in the oil and gas sector, is looking to diversify by entering the floating offshore wind space and has started talks with floating wind firm Ideol over a potential investment.The move…
The Danish authorities on Friday invited the public, companies, authorities, and other interested parties to submit ideas on the strategic environmental assessment (SEA) for the Plan for Hesselø offshore wind farm and the environmental impact assessment (EIA) of the land-based part of the project…
Poland's biggest power producer PGE confirmed a deal on Wednesday to develop offshore wind farms with Denmark's Orsted in another sign the country reliant on coal is fast becoming a hot destination for renewable energy investors.Poland was the…
UK-based infrastructure firm InfraStrata has said it has acquired 'substantially all of the assets of Burntisland Fabrication,' also known as BiFab, a company that entered into administration in late 2020.BiFab specializes in major fabrication works from facilities in Scotland for the oil and gas…
Marathon Oil Corp has laid off around 100 U.S. employees, or about 5% of its total workforce, a company spokeswoman told Reuters on Thursday, days after the oil and gas producer cut salaries for top executives and board members.Although oil…
A potential strike at Norway's Mongstad refinery next week could affect the export of crude oil from the offshore Johan Sverdrup and Troll fields, while gas exports would not be interrupted, the Safe labour union said on Thursday.Wage talks are due between the union and employers on Monday…
Chinese shipbuilder China Merchants Heavy Industry (CMHI) has awarded NOV a contract to design and supply equipment for GustoMSC NG-14000XL-G wind turbine installation jack-up vessel to be built for OHT, a Norwegian heavy transport and installation contractor…
Norwegian oil company Equinor has added one more well to the work scope of Maersk Drilling's jack-up rig Maersk Intrepid. The rig will drill an additional development well at the Martin Linge field offshore Norway.Maersk Drilling said Thursday that had an estimated duration of 80 days…
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.The Anglo-Dutch company is in the midst of its largest overhaul yet as it…
SBM Offshore forecast that 2021 core earnings will be slightly below market expectations, the multinational oil firm said on Thursday, noting 2020 challenges will spill into 2021 as many of its clients had to cut budgets.The Dutch company, which supplies floating oil and gas production vessels…
Brazil maritime services provider OceanPact Servicos Maritimos has concluded a 1.22 billion reais ($226.51 million) initial public offering, according to a securities filing on Wednesday.OceanPact priced the offer at 11.15 reais per share, at the bottom limit of the indicative range of up to 13…
Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo…
Japan's biggest oil and gas explorer Inpex Corp posted a net loss of 111.7 billion yen ($1.1 billion) in 2020 as the COVID-19 pandemic hammered oil prices, cutting its sales and forcing it to book hefty impairment losses.The result marks Inpex's…