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'Major' energy company hires PGS
Business & Finance

New deal taking PGS to West Africa this September

Norway-headquartered seismic player PGS has won a new contract in West Africa with an undisclosed firm, which is said to be an international energy company.

about 2 years ago
Saipem wins $850 million contract with BP-Eni joint venture
Business & Finance

Saipem wins $850 million contract with BP-Eni joint venture

Italian oilfield services provider Saipem has secured a contract worth approximately $850 million to deliver subsea equipment for a field located offshore Angola. Saipem will perform the engineering, fabrication, transportation and installation of subsea facilities and approximately 60 kilometers of

about 2 years ago
Xin Guang Hua vessel transporting FPSO destined to work at Liuhua oilfield; Source: COSCO SHIPPING Heavy Transport
Business & Finance

Asia’s first cylindrical FPSO coming to work on Chinese oilfield

The loading operation of an FPSO, which is said to be Asia’s first cylindrical FPSO, has been wrapped up by a semi-submersible heavy lift vessel.

about 2 years ago
COSL Promoter; Source: COSL Drilling Europe
Business & Finance

COSL Drilling hands out multi-million assignment to Odfjell Technology

The UK’s Odfjell Technology has inked a long-term deal for the provision of tubular running services with COSL Drilling Europe.

about 2 years ago
Three European countries planning to develop hybrid electricity interconnector
Business & Finance

Plan unveiled for Europe’s first hybrid electricity interconnector between three countries

Belgium, Ireland and the UK have signed a joint statement to increase their cooperation on renewables and interconnection opportunities, as well as a letter of agreement on the development of what is said to be Europe’s first planned hybrid electricity interconnector between three countries. The joi

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Yinson Production’s Brazil-bound FPSO reaches its destination

An FPSO has come to Brazil, where anchoring operations are in progress to enable the unit to work at an oil field in the Santos Basin.

about 2 years ago
West Tucana jack-up rig; Source: Seadrill
Business & Finance

Seadrill parting with three jack-up rigs for $338 million

Seadrill is in the process of disbanding Gulfdrill LLC, thanks to a deal to sell three jack-up rigs, which are working in Qatar, to its joint venture partner.

about 2 years ago
New solution recycles free seismic data to help wind farm developers
Business & Finance

New solution recycles free seismic data to help wind farm developers

UK-headquartered Ocean Geophysics has introduced a solution that recycles and reprocesses freely available seismic data with the aim of helping developers reduce cost and risk when deciding which wind farms to bid for. In Europe and Australia, historical seismic data – for example from offshore oil

about 2 years ago
Cormorant Alpha topsides; Source: TAQA
Business & Finance

AquaTerra rakes in seven-figure sum thanks to four decom gigs

The UK’s AquaTerra Group has won four deals for decommissioning projects, said to be valued in the million-dollar price range.

about 2 years ago
Claire Mack, CEO of Scottish Renewables at stage
Business & Finance

Scottish Renewables CEO: Marine energy industry will play key role in UK energy system

The Chief Executive Officer (CEO) of Scottish Renewables has commented on the marine energy sector’s progress toward commercialization, explaining that the marine energy industry will play a key role in the UK energy system.

about 2 years ago
Ocean BlackHawk drillship; Source: Diamond Offshore
Business & Finance

Diamond Offshore drillship staying in Gulf of Mexico for two more years

Diamond Offshore has found more work for one of its drillships with Anadarko, prolonging the rig’s drilling assignment in the U.S. Gulf of Mexico.

about 2 years ago
Under new CEO, Prysmian makes solid start to 2024
Business & Finance

Under new CEO, Prysmian makes solid start to 2024

Following an “outstanding” 2023, Italian cabling giant Prysmian has made a solid start to 2024, reporting a net profit of €190 million for the first quarter of the year, compared to €187 million in the first three months of the prior year. Group sales amounted to €3,687 million, with a -5.6% organic

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Business & Finance

Another oil & gas find for Petronas and ExxonMobil offshore Suriname

Petronas and ExxonMobil have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.

about 2 years ago
Expro finalizes purchase of UK well construction and intervention services provider
Business & Finance

Expro finalizes purchase of UK well construction and intervention services provider

Energy services provider Expro has completed the acquisition of Scotland-based Coretrax, a provider of performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions. The acquisition, from an investment group led by Buckthorn Partners, is expected to enable Ex

about 2 years ago
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