Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent.
Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom a
Marine Energy Test Area (META), Wales’ national marine test centre, has obtained the marine license for the second phase of the project from Natural Resources Wales (NRW).
Offshore drilling contractor Diamond Offshore has entered into a restructuring agreement to deleverage its balance sheet.
A pipelayer vessel has started work in Danish waters ahead of the resumption of construction of the Nord Stream 2 gas pipeline regardless of the pressure from the United States and European Union to stop it.
Waves Group, an offshore marine and engineering consultancy company, is expanding its team by adding Kenneth English, an LNG specialist and class one marine engineer.
Oil and gas company Tullow Oil is starting drilling operations at its Goliathberg-Voltzberg North prospect (GVN-1) located in Block 47 offshore Suriname.
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.
Danish company Floating Power Plant (FPP) has secured support from the EU-funded MaRINET2 project to test its hybrid floating wind and wave platform at IHCantabria facilities in Spain.
A crowdfunding campaign for the construction of the Fécamp offshore wind farm in Normandy, France, has been launched on the Kiwaï platform for Normandy residents who wish to invest in the project. The crowdfunding campaign is aiming at a loan amount of EUR 750,000, with contributions ranging from a
Offshore drilling contractor Stena Drilling has signed a new drilling contract with Petrofac for operations in the UK using the Stena Don rig.
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
Kongsberg Maritime has signed a Letter of Intent (LOI) with Yantai CIMC Raffles Offshore shipyard for the delivery of a large technology package for the BT-220IU Wind Turbine Installation Unit, a next-generation installation vessel to be built for OIM Wind. Norway-based OIM Wind and China’s CIMC Yan
A court in the Bahamas has decided to add Bahamas Petroleum Company (BPC) as a respondent to an application brought by environmental groups.
