Seven oil and gas companies have applied for production licences in the 25th licensing round offshore Norway, focusing on the Barents Sea.
ConocoPhillips has announced the retirement of Matt Fox as executive vice president and chief operating officer after a 35-year career with the company.
Swedish-Israeli onshore wave energy technology company Eco Wave Power has released financial results for 2020, which show a slight decrease in net loss compared to the results posted a year earlier.
Baker Hughes, AXA Group, and 16 other companies have reportedly abandoned work on the Nord Stream 2 pipeline project and will not be sanctioned by the U.S.
Subsea technology company Rovco has appointed Simon Miller to take over as new managing director. Newly-appointed chief financial officer and director Nick Boorman will lead the group alongside CEO and founder Brian Allen. Miller previously spent 12 months as general manager at Rovco’s operational b
Bladt Industries is investing in an expansion of its production facilities at Lindø port of Odense in Denmark to enable the production of XXL monopiles for future offshore wind turbines. The planning for new facilities has already begun and the company has already signed the first agreements with ma
Motion Ventures, a consortium-driven investment fund powered by Rainmaking, was launched on 25 February 2021.
Specialist drilling waste management company, TWMA, has secured a seven-figure contract with an exploration and production company, Spirit Energy.
UK-based TechnipFMC has reported fourth-quarter 2020 loss of $39 million or 9 cent per diluted share against $2.4 billion loss same time last year. Adjusted diluted earnings per share was 5 cents, with analysts projecting some 20 cents. Revenue for the quarter was down from Q4 2019 some eight per ce
Apollo Engineering has secured a share of £1.3 million funding from the Offshore Wind Growth Partnership (OWGP) to tackle mooring challenges of floating offshore wind. Apollo said its PALM device is a form of disruptive technology focused on the safe and quick connection/ disconnection of the critic
Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore – which declared bankruptcy in March 2020 – has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounti
EnQuest is farming down its interest in the Eagle discovery in the UK North Sea to Anasuria Hibiscus for a nominal consideration of $1.
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. I
Brazilian national oil company Petrobras has contracted AqualisBraemar with DP acceptance and annual trials for its shuttle tanker fleet operating in Brazil.
