Gulf Marine Services (GMS) has won a new long-term deal for one of its small-size class vessels with a higher day rate.
Xlinks is in discussion with the UK Government about Contract for Difference (CfD) support for the planned interconnector between Morocco and the UK. According to Xlinks, the power project will be capable of supplying 8% of Great Britain’s electricity needs at £48/MWh for 25 years under the current
Van Oord, a Rotterdam based dredging and marine construction company, has ended the last year with an optimistic outlook for its markets. “In 2021, we saw a recovery of the global economy, noticing the first effects in the summer. In our offshore and dredging activities, in particular, a market reco
Sonangol has inked a deal with the UK-headquartered Afentra for a partial sale of its stake in two blocks offshore Angola.
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
The consortium Green Fuel Alliance joins in with the Egyptian government on the development of green hydrogen and green ammonia mega-project at the Suez Canal.
Woodside has completed more than half of the work related to its Sangomar project in Senegal, but a subsea part of the work is lagging.
Worley has won a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The overall FEED services will be managed by Intecsea, Worley’s offshore engineering consultancy business in The Hague, the Netherlands. This includes
Abu Dhabi’s renewable energy company Masdar and investment platform Hassan Allam Utilities have signed two memorandums of understanding (MoUs) to cooperate on the development of green hydrogen production plants in the Suez Canal Economic Zone (SCZone) and on the Mediterranean coast.
Vaalco Energy has brought on stream its second well in the 2021/2022 four-well drilling campaign off Gabon with strong initial flow rates.
Offshore drilling contractor Seadrill has announced a new contract has been secured by Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Angola’s Sonangol. Sonadrill has secured a 10-well contract with options for up to 8 additional wells in Angola for the West Gemini drillship, Seadril
