Representatives of BP and Abu Dhabi's state oil giant met Cypriot Energy Ministry officials on Friday to explore investments in the country's emerging natural gas sector, a source familiar with consultations said.BP and ADNOC earlier this year…
Norwegian shipbuilder Vard has signed a contract with Wind Energy Construction for the design and construction of a new energy construction vessel (ECV), securing also an option for one additional vessel.Wind Energy Construction is a Norwegian…
TotalEnergies EP Nederland has awarded a multi-million-dollar front-end-engineering design (FEED) contract to Petrofac for a CO2 injection platform as part of the Aramis carbon capture and storage (CCS) project in the Netherlands.The project…
Britain's decision to increase a windfall tax on oil and gas producers to help pay for its push to grow renewables will lead to a sharp drop in revenue and accelerate the ageing basin's decline, North Sea drillers said.The new Labour government…
Maritime Developments (MDL) has supported Italian underwater contractor Rana Diving in a rigid pipe installation in the Mediterranean.MDL’s 2-track tensioner spread was mobilized onboard a moored barge - AD3 - to install 4 km of 4-inch rigid pipeline off the east coast of Italy…
UK-based tech-powered offshore wind solutions provider Rovco has been selected by Iberdrola to clear unexploded ordnance (UXO) in support of the development of the 315 MW offshore wind farm in the German Baltic Sea.Rovco carried out an investigation over several weeks…
Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.The results were nearly 25% higher than a year earlier…
Oilfield services firm Archer has entered into an agreement with Air Drilling Associates to acquire its managed pressure drilling (MPD) subsidiary ADA Argentina.ADA provides MPD services to Archer's largest customers in the Vaca Muerta basin in Argentina…
Danish subsea cable and services firm NKT has started construction of a new cable extrusion tower for what’s said to be the world’s largest high-voltage offshore cable factory being built in Sweden.NKT has now started the slipform casting of concrete for the site’s third extrusion tower…
OEG Offshore has secured a long-term Master Services Agreement (MSA) with a tier 1 well decommissioning company to provide helifuel inspections and aviation support services across the company’s offshore assets.The contract will see OEG Offshore…
23 Degrees Renewables and SEAJET Systems, two of OEG Renewables businesses within cables service line, have delivered a turnkey cable burial campaign for Nexans at an offshore wind farm site in the U.K.SEAJET utilised their innovative all-electric…
UK-based oil and gas company Viaro Energy reached an agreement with Shell and ExxonMobil for the acquisition of a full working interest in the Shell-operated UK Southern North Sea assets owned by the two supermajors.Viaro Energy made the deal…
U.S. marine robotics company Ocean Infinity has completed an offshore wind farm survey for Ørsted and PGE in the Polish sector of the Baltic Sea, using lean crewed vessel and real-time remote data management.The project team based in Ocean Infinity’s operations centre in Gothenburg…
BP increased its dividend and extended its share repurchasing programme on Tuesday as it reported a forecast beating second-quarter profit of $2.76 billion, with weak refining offset by stronger oil prices and retail.The result will ease pressure…
Heavy lift and transport services firm Mammoet has entered into agreement to become the exclusive contractor for the provision of heavy lift and transport services at Steel River Quay, which lies at the heart of the Teesworks industrial zone in Teesside…
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