Oil major Chevron booked a significant increase in its quarterly earnings and revenues driven by higher oil and gas prices.
Xlinks is in discussion with the UK Government about Contract for Difference (CfD) support for the planned interconnector between Morocco and the UK. According to Xlinks, the power project will be capable of supplying 8% of Great Britain’s electricity needs at £48/MWh for 25 years under the current
Offshore drilling contractor Maersk Drilling has been awarded a one-well extension for one of its jack-up rigs in the Dutch North Sea.
UK’s regulator has fined Shell and served it with a sanction notice for breaching production consents for five fields in the North Sea.
Sonangol has inked a deal with the UK-headquartered Afentra for a partial sale of its stake in two blocks offshore Angola.
Offshore drilling contractor Seadrill has secured contracts totalling $404 million for three jack-up rigs in the Middle East.
Emica Bombas, a Biscayan industrial firm with more than a century of experience, has through its subsidiary Emica Solar developed and deployed a floating solar demonstrator plant based on design of a trimaran sailboat.
Staatsolie and Chevron are expanding their cooperation in shallow offshore Suriname following the signing of a production sharing contract.
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
The Maritime Research Institute Netherlands (MARIN) has hired Dutch-based construction company Van Swaay to build its new Seven Oceans Simulator Center (SOSc).
In line with its divestment strategy, Petrobras has agreed to sell its entire stake in a Brazilian deepwater field to PetroRio.
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
Shell and TotalEnergies have paid for an increased stake in the Petrobras-operated Atapu field located offshore Brazil.
TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua
