Saipem, an Italian energy industry construction and installation services provider, has secured two new offshore contracts in Australia and Turkey totaling more than $600 million for transportation and installation activities.In Australia, Chevron…
Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not 'simply unplug' from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand…
Empyrean, an oil and gas firm preparing to drill its 'world-class' Jade prospect offshore China, has executed the final integrated drilling contract with the Chinese offshore drilling company COSL.The parties had previously agreed on technical…
Chevron Corp and its partners in the Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS)…
Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang in Vietnam for a 200 MW phase of a 1.4 GW offshore wind project.The project is anticipated to reach a financial close in 2022…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…
Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…
Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…
Oil services firm Serba Dinamik Holdings said on Wednesday that it filed a lawsuit against EY Consulting, seeking to restrain the audit firm from releasing any findings or report on the group.In a stock exchange filing, Serba said it filed an…
Japanese company Marubeni Corporation has signed a Memorandum of Understanding with Scottish Enterprise on collaboration for the decarbonization of Scotland including floating offshore wind and green hydrogen businesses.The Scottish Government…
Offshore energy industry engineering firm Aquaterra Energy has won a $4.4 million contract with BW Energy for delivery of multiple conductors tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI)…
ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…
The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…
Qatar Petroleum raised the official selling prices (OSP) of its marine and land crudes in December, a pricing document posted on its website showed on Tuesday.Qatar marine was set at a premium of $2.20/barrel over the Dubai/Oman crudes average and Qatar land was priced at a premium of $2…
Japanese offshore drilling firm Japan Drilling Company has said that one of its jack-up drilling rigs has started a drilling operation in Vietnam.The rig, HAKURYU-11 rig has kicked off the drilling operation based on a subcontract with PetroVietnam Drilling & Well Services Corporation…
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