British oil services firm Petrofac Ltd said on Thursday it expects its revenue for the financial year to be down by about a quarter, as low order intake and the coronavirus pandemic continued to dent its operations.The company forecasts its annual revenue to come in at about $3 billion…
ASX-listed SRJ Technologies Group plc has struck a deal to buy the UK-based oilfield services firm STATS.STATS said Tuesday that its shareholders had executed a Share Purchase Agreement to sell 100% of the issued share capital of the company to SRJ Technologies…
Santos Ltd on Monday named a new chief financial officer in its first move since sealing its $6 billion takeover of Oil Search, who will play a key role in selling stakes in assets in Papua New Guinea and Alaska.Santos promoted Anthea McKinnell…
The conviction of Ziad Akle, a former Unaoil executive jailed last year for bribery, has been quashed and the UK Serious Fraud Office (SFO) was accused of a 'serious failure' in a damning judgment by London's Court of Appeal.Senior judges refused an SFO request for a retrial for the 46-year-old…
Seaway 7, a subsidiary of Subsea 7 focused on the offshore renewable energy industry, has this week confirmed the award of a 'sizeable' contract in Taiwan. For Seaway 7, sizeable contracts are worth between $50 million and $150 million.The contract…
Japan's industry ministry said on Friday it had launched a public auction to select an operator for the 356 megawatt (MW) offshore wind power project in Happo-Noshiro, off Akita prefecture in northern Japan.The Happo-Noshiro area was selected…
Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday.Gazprom Neft had aimed to reach the 100 million…
U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.The deals follow ConocoPhillips move to double down on U…
The Zhong Neng offshore wind project in Taiwan has reached financial close, Copenhagen Offshore Partners said Wednesday.The process for reaching financial close on the Zhong Neng project started 14 months ago and the large-scale offshore wind project will now be financed through CI IV…
Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…
Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts with Santos for two of its offshore vessels in Australia.The AHTS Far Senator and PSV Far Seeker have been awarded a contract by Santos in support of its drilling activities…
Australia's Alinta Energy said on Tuesday it is considering building a A$4 billion ($2.8 billion) offshore wind farm to supply Alcoa Inc's (AA.N) Portland aluminum smelter and the country's east coast grid.The project is at a very early stage…
A coming transition from oil and gas to renewables will be 'messy' for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday.The World Petroleum Congress, a gathering to discuss the future of oil and gas and explore new technologies…
Walt Disney Co on Tuesday named former Pentagon press secretary Geoff Morrell to the newly created position of chief corporate affairs officer, overseeing corporate communications, government relations, and global public policy.Morrell is currently…
Australia's Woodside Petroleum Ltd plans to invest $5 billion by 2030 mainly in hydrogen, in line with a global push for cleaner energy, armed with cash flow from its planned merger with BHP Group's petroleum arm.Woodside Chief Executive Meg O'Neill outlined her energy transition plan on Wednesday…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
