Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.
As construction work continues on New York’s first offshore wind farm, James Fisher Renewables is carrying out its second contract for the project. Following the deployment of the company’s bubble curtain during foundation installation this summer, James Fisher is now engaged in the final cable work
NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has reached a milestone in the construction and development of the NEOM green hydrogen plant, by receiving its first delivery of wind turbines at the Port of NEOM in Northwest Saudi Arabia. NEOM said th
UAE-based AD Ports Group has acquired ten vessels for around $200 million, representing a circa 20% increase in offshore and subsea capacity for the company’s Middle East and Southeast Asia operations. The vessels, bought from offshore supply vessel owner and operator E-NAV, are said to make a well-
Italy’s oil and gas giant Eni and energy infrastructure operator Snam have launched the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on December 19, 2022, to jointly develop and manage Phase 1 of the Ravenna CCS Pro
BP has started production from a field in UK waters, which was developed by Neptune Energy and connected to the oil major’s 25-year-old Eastern Trough Area Project (ETAP) hub, reusing some existing subsea infrastructure.
Light Structures has won two contracts for the delivery of hull stress monitoring systems for two Petrobras-commissioned FPSOs.
Aberdeen-based Amplus Energy Services is entering the carbon capture sector with a multi-million-pound investment in a Norwegian carbon capture company which will see the creation of a new UK carbon capture business. Amplus Energy announced it was investing seven figures in the Norwegian carbon capt
Equinor has made a new gas discovery in the North Sea, using one of Shelf Drilling’s jack-up rigs.
A recent deal between Qatar’s QatarEnergy and China’s Sinopec bolsters hopes that gas and LNG will power the energy transition engine.
Norwegian seismic company PGS has secured a 3D exploration contract in the Mediterranean that will take place through the winter season. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days. “We are very pleased with th
ABL has been awarded a new contract by Velesto Drilling to provide marine warranty survey (MWS) services related to rig moves off Malaysia.
Kosmos Energy has boosted its working interest and taken the operatorship helm, subject to customary government approvals, of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field.
New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.
