Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers…
The UK will account for 35% of the growth in offshore wind over the next five years, followed by the Netherlands and Germany, said , according to WindEurope’s new ‘Wind Energy Outlook to 2023’.In the next five years 22 GW of wind energy capacity…
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…
The US Department of the Interior's Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.Lease Sale 254, which would include all unleased areas in…
Norway's Martin Linge offshore oil and gas project will cost $865 million more than previously expected and take an extra half year to come on line, the government and operator Equinor announced on Monday.The government has also raised its estimate…
Azerbaijan Caspian Shipping CSJC (ASCO) announced that its vessels - Suleiman Vazirov and Yarenga - have completed the second stage of pipe laying work in the Absheron gas and condensate field located in the Azerbaijan sector of the Caspian Sea…
Neptune Energy and its joint venture partners BP and JAPEX today announced Valaris has been awarded a contract to provide a heavy-duty jack-up drilling rig for the Seagull development oil project in the UK North Sea.Valaris will provide the…
Independent oil and gas company Jadestone Energy said replacement subsea umbilical cables have been installed at the Montara complex, offshore Australia.The project to replace the umbilical cables, which provide electrical power and control signals to the Montara complex subsea well-heads…
A group of offshore wind industry members that includes Equinor, Magellan Wind and Principle Power have launched an offshore wind group in California.The Offshore Wind California (OWC) said it is committed to providing industry expertise, innovative solutions…
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…
The topsides for Noble Energy’s Leviathan development in the Mediterranean were installed this weekend by the world's largest crane vessel, offshore contractor Heerema Marine Contractors announced.Sleipnir installed the Leviathan development’s two main topsides with a total weight of 24…
Texas-based oil and natural gas producer W&T Offshore has closed the previously-announced purchase of ExxonMobil interests in and operator-ship of oil and gas producing properties.The properties includes those in the eastern region of the Gulf of Mexico…
Pintsch Bubenzer installed a series of Twin Safe TS800 brakes on two 10,000-metric ton (22 million pound) capacity cranes and auxiliary hoists aboard a giant semi-submersible crane vessel (SSCV) that has recently completed its maiden voyage…
US based technology company Emerson said it has completed its $48 million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract to help ensure reliable…
Sparrows Group said its US business has become the first company in the US to be certified as a Recognized External Specialist by the American Bureau of Shipping (ABS) for Dropped Objects Risk Inspection and Program Audits.Sparrows has provided…
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