Scana's PSW Technology has signed a frame agreement with an unnamed Norwegian oil and gas operator for Capping Stack & Support Services. The contract consists of a fixed period of 3 years with a 2+2-year option. The value of the frame agreement…
India-based L&T Energy Hydrocarbon – LTEH, the hydrocarbon business of Larsen & Toubro (L&T) has received a Letter of Intent for a 'mega' offshore order from an unnamed 'prestigious client in the Middle East.'For LTEH, a 'mega' contract means the contract is valued between ₹C 10…
Struggling wind turbine maker Siemens Gamesa said on Tuesday it would cut costs and capacity on its long path towards profit, sending shares in parent Siemens Energy sharply lower as investors had hoped for more radical steps.The move, announced at Siemens Energy's capital markets day…
Full production has returned to a liquefied natural gas (LNG) train at Chevron's Gorgon facility in Western Australia, a company spokesperson said on Wednesday.On Oct. 31, an 'electrical incident' at a substation providing power supply to the…
U.S. officials said on Tuesday that seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co's (MPOG) pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons of crude oil…
Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…
Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China. The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…
Offshore well plug and abandonment specialist Well-Safe Solutions has agreed a global master agreement with BP lasting until at least September 2026, with two one-year contract extension options available.The agreement will see the well decommissioning company provide BP with project management…
Russia is waiting for the outcome of an investigation into the sabotage of the Nord Stream gas pipelines before making any request for compensation, the RIA state news agency cited a foreign ministry official as saying on Tuesday.The pipelines…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
IKM Ocean Team Scandinavia has recently signed a contract with TotalEnergies EP Danmark and the Danish Underground Consortium for the supply of cleaning and process services.The contract starts on October 1, 2023, runs for five years firm, plus two one-year extension optinos…
Subsea 7 said Monday it had secured a sizable contract from Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense offshore Brazil.The FPSO is located at the Bijupirá and Salema fields of the Campos Basin…
Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday…
Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said…
Oslo-listed Standard Supply has recently agreed to sell three large platform supply vessels, Standard Viking, Standard Supplier, and Standard Defender, for a gross of $72.2 million.Adjusting for ownership, proceeds to Standard Supply will be $69…
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