SBM Offshore and Solstad Offshore have formed a joint venture that has entered into a letter of intent with a shipyard for the construction of a multi-purpose deepwater installation and construction vessel, with delivery targeted in the first half of 2029.The vessel will be owned by a joint venture in which Solstad Offshore will hold a 50.1% stake and SBM Offshore 49.9%. Solstad Shipping will act as ship manager…
BP has started a process to sell stakes in two of its Gulf of America projects, four people with knowledge of the matter said, in what would be one of new CEO Meg O'Neill's first moves.BP, one of the largest operators in the Gulf of America…
SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector.The memorandum of understanding establishes a framework for cooperation across exploration…
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects…
Top BP investors and former executives said they remained in the dark about the precise circumstances that led to the departure of former chair Albert Manifold, the Financial Times reported on Tuesday.BP did not immediately respond to Reuters' request for a comment outside regular business hours…
French seismic firm Viridien has appointed Henning Berg as chief executive officer and director following approval by shareholders at the company's annual general meeting.The appointment was approved at the company's combined general meeting held in Paris on June 3…
Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…
Cambodia said on Tuesday it had launched a compulsory conciliation process under international law aimed at resolving a long-running maritime boundary dispute with Thailand and had informed the United Nations and Bangkok.The move follows a Thai…
Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…
Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets…
TotalEnergies has filed an application for the Single Authorization of its 1.5 GW Centre Manche Energies offshore wind project off the coast of Normandy, marking a key milestone in the development of what the company described as France’s largest renewables project…
Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter.Exxon was previously the sole owner of the large offshore block, known as UD(1)…
Energy services firm EnerMech has signed a multi-year global collaboration agreement with Norway-based technology company Optilift to expand technology-enabled crane and lifting operations across the offshore energy sector.The agreement combines…
Singapore's Seraya Partners is considering a dual-track process for its offshore wind services firm Cyan Renewables that could result in either a sale or an initial public offering, its chief investment officer said.Cyan, a Singapore-based marine services company focused on renewables…
Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main Pass IV standard jack-up rig.The contract has a one-year firm term with an additional one-year unpriced option, with the firm term value of the contract of $48…
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