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, who was jailed in 2020 for five years for conspiracy to bribe an Iraqi official to secure an oil deal after the fall of Saddam Hussein in 2003…
Offshore wind installation firm Fred. Olsen Windcarrier (FOWIC) said Tuesday it had recently executed three new contracts and reservation agreements with combined revenue of up to 80 million euros (~$90,5 million).The contracts, with undisclosed clients…
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
Leonid Fedun, a vice president of Russian oil major Lukoil, said on Friday he expected OPEC+ to stick to its decision to raise oil production by 400,000 barrels per day (bpd) each month at its meeting in January.OPEC and allies including Russia…
Japanese oil and gas company Inpex has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. a Dutch-registered subsidiary of Mitsubishi Corporation and acquire a 50% stake in the Luchterduinen offshore wind farm and…
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…
Offshore drilling solutions provider HMH has been awarded the contract to deliver a pressure control system to Guangzhou Marine Geological Survey (GMGS) drillship.The system will comprise of a blowout preventer (BOP) stack, including the new SeaONYX V…
Norwegian offshore vessel owner Siem Offshore said Monday it had signed a contract with an undisclosed client for operations in South East Asia for the Siem Barracuda offshore subsea construction vessel (OSCV), and an extension for OSCV Siem Stingray…
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…
BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters.Dated Brent…
Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
LS Cable & System and Jan De Nul Group on Monday announced the completion of the construction of the first batch of subsea power cables in South Korea for TenneT’s offshore projects Hollandse Kust (noord) and (west Alpha) in the Netherlands…
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