BP has handed out a subsea riser contract for a subsea well development project located offshore Trinidad and Tobago to Aquaterra Energy.
Norwegian seismic company PGS has secured a contract with an “independent energy company” to conduct a 3D survey in the Barents Sea. The project, which is about to start, will have a duration of approximately 40 days and will be carried out by the 104-meter-long Titan-class seismic vessel Ramform Hy
Seadrill has managed to enhance its operational and financial performance in the first quarter of 2023.
The Dutch Ministry of Infrastructure and Water Management intends to allocate a sum of €140 million towards supporting the implementation of shore power installations within seaports. Additionally, an extra €40 million will be contributed from the climate fund, the ministry said. Shore power, also k
Borr Drilling has recorded strong financial and operational performance during the first quarter of 2023 with a sequential boost in revenue.
Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th
After the lawsuit against Shell’s board of directors was thrown out of court recently, ClientEarth hopes to turn things around at a hearing.
NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. The financial close was reached following the signing of financia
Turkish Petroleum has awarded a contract for subsurface solutions for the second phase of what is said to be one of Türkiye’s largest energy projects ever built to four companies. Subsea 7 confirmed the award of the “major” contract by Turkish Petroleum for the second phase of the Sakarya field deve
Nordic energy company Gasum has terminated the long-term natural gas supply contract with Russia’s Gazprom Export while the long-term LNG supply contract between the two companies remains in place. On 22 May 2023, Gasum announced its decision to terminate the natural gas supply contract following Ga
Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for
UK-headquartered energy services provider Expro has secured a new contract with Harbour Energy for a well abandonment campaign as part of a decommissioning project on the UK Continental Shelf. The multi-year contract, valued at more than $20 million, will see Expro use its Subsea Well Access technol
The Quebec government has decided to invest $8.7 million in the development of the St. Lawrence Smart Corridor.
Following two weeks of slow growth, the number of offshore rigs in the U.S. dropped down to 21 units last week.
