Shelf Drilling has revealed a mixed bag of results for its jack-up rig fleet with several of its rigs starting new contracts, some getting extensions, and some terminations.
The UK government is inviting parties to submit their interests in a new funding scheme to support the development of technologies and products for the floating offshore wind industry. The Floating Offshore Wind (FOW) Demonstration Programme seeks the best ideas across technology areas and the grant
Singapore-based gas shipping giant BW Group and technology company Miros are launching Miros Mocean, a joint venture focusing on optimizing vessel performance. The new company will combine BW Group’s maritime expertise with Miros’ radar technology providing precise data about the operating condition
DNV has advised PGE Baltica on the setup of a joint venture with Ørsted dedicated to developing two offshore wind projects in the Polish Baltic Sea. DNV provided technical and commercial services related to setting up the joint venture for developing, building, and operating the 1.5 GW Baltica 2 and
Scottish wave power company Mocean Energy and energy storage developer EC-OG have joined forces with Chrysaor, Modus, OGTC and Baker Hughes to build and demonstrate a wave-powered renewable energy system for running subsea equipment.
Oil major ExxonMobil has failed to find commercial hydrocarbons at the Bulletwood-1 wildcat well in the Canje block located offshore Guyana.
Five board members of Brazilian state-owned company Petrobras have decided to step down as a reaction to moves made by Brazil President Jair Bolsonaro to replace current CEO Roberto Castello Branco.
UK-based oilfield services provider EnerMech has won a string of new deals in the United Kingdom during the first months of 2021.
Valaris has obtained court approval for its Chapter 11 plan of reorganization and agreed with a shipyard to delay the delivery of two drillships.
ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.
Subsea services provider Mermaid has reported loss for the third consecutive year, this time of close to $110 million for the twelve months of 2020. This result compares with loss of some $24 million in 2019. The Singapore-listed company generated full-year 2020 revenue of $84 million, versus $108 m
Swedish-Israeli wave energy company Eco Wave Power has confidentially submitted a draft registration statement for the proposed listing on Nasdaq US stock exchange market.
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK.
DOF Rederi, a wholly-owned subsidiary of DOF ASA, has completed the sale of a platform supply vessel (PSV) to a Norwegian company.
