National Oilwell Varco has been awarded equipment package and design orders for one of the world’s largest offshore wind turbine installation vessels by Japanese-based Shimizu Corporation. [Read more…] about National Oilwell Varco received orders for one of world’s largest offshore wind turbine installation vessels
Confirmation of award of four blocks in the UK North Sea
United Oil & Gas confirms that further to the announcement of 5 June 2019, it has accepted the formal offer from the Oil and Gas Authority, the UK oil and gas regulator, of a 100% interest in Blocks 14/15c, 15/11c, 15/12a, and 15/13c (Licence P2480), with the licence term beginning 15 July 2019. [Read more…] about Confirmation of award of four blocks in the UK North Sea
Shell’s energy transition manager says the company is interested in offshore wind projects in Scottish North Sea
Shell’s energy transition manager, Joanna Coleman, confirmed last night that the oil and gas giant was absolutely targeting the North Sea for future big offshore wind development. [Read more…] about Shell’s energy transition manager says the company is interested in offshore wind projects in Scottish North Sea
OGTC to open net zero center
The Oil & Gas Technology Centre (OGTC) has launched the Net Zero Solution Centre at Offshore Europe 2019. [Read more…] about OGTC to open net zero center
Siccar Point Energy announces Cambo FEED contract to Sembcorp Marine
Operator Siccar Point Energy E&P has awarded an exclusive Front-End Engineering and Design (FEED) contract to Sembcorp Marine Rigs & Floaters for the design of a Sevan cylindrical FPSO for its Cambo field development on the UK Continental Shelf. [Read more…] about Siccar Point Energy announces Cambo FEED contract to Sembcorp Marine
After 60 years in Alaska, BP announces sell-off and exit from state
BP is selling all its Alaska assets — which form a significant part of oil development in the state’s Arctic region — to Hilcorp. [Read more…] about After 60 years in Alaska, BP announces sell-off and exit from state
Ten companies selected for Equinor’s Techstars Energy Accelerator 2019
Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. [Read more…] about Ten companies selected for Equinor’s Techstars Energy Accelerator 2019
Boskalis claims ‘drastically changed attitude’ of clients and rise of disputes as sector looks to save costs
Offshore wind contractor Boskalis said the arrival of zero-subsidy projects has ratcheted-up “tension” in the sector amid a “drastically changed attitude” of its customers desperate to trim costs. [Read more…] about Boskalis claims ‘drastically changed attitude’ of clients and rise of disputes as sector looks to save costs
Despite Feds’ Raised Bar, $2.8B Massachusetts offshore wind project presses on
Developers of the 800-MW, 84-turbine Vineyard Wind offshore wind energy farm in Massachusetts, set to be the first and largest commercial-scale project in the U.S., say they are committed to pushing through its $2.8-billion construction despite a sudden Trump administration permitting setback. [Read more…] about Despite Feds’ Raised Bar, $2.8B Massachusetts offshore wind project presses on
Saudi Aramco said its net profit in the first half of 2019 rose to $46.9 billion.
Saudi Aramco, which is buying 20 per cent in the oil and petrochemicals business of Reliance Industries NSE 1.22 %, has emerged as the world’s most profitable company with a staggering bottom line of $111 billion last year, surpassing the combined profits of giants like Apple, ExxonMobil and Royal Dutch Shell. [Read more…] about Saudi Aramco said its net profit in the first half of 2019 rose to $46.9 billion.
