BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition.
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
The UK’s Oil and Gas Authority (OGA) has granted extensions for Egdon Resources’ P1929 and P2304 licences offshore the UK.
Despite challenges caused by the coronavirus pandemic, French container shipping major CMA CGM closed the first quarter of this year with a positive net result.
The chief executive officer (CEO) and director of London-listed oil explorer Hurricane Energy has decided to resign from the company.
Germany’s Federal Maritime and Hydrographic Agency (BSH) has awarded BioConsult SH with a contract for ecological investigations of benthos and fish in the N-6.6 and N-6.7 offshore wind areas. The company will carry out the preliminary investigation of the areas to assess their suitability for the c
Colon LNG Marketing and Tropigas Natural signed a deal to distribute liquefied natural gas via trucks in Panama and Costa Rica. Under the deal, the two companies will supply chilled fuel from the AES-operated LNG import terminal in Colon, Panama to regional customers in the transport, trade, and ene
Engineering and management services provider Penspen has been awarded a contract from an undisclosed oil and gas operator for an offshore natural gas project in Myanmar.
FPSO operator BW Offshore has signed another agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil.
Forum Energy Technologies has announced that Wuxi Haiying-Cal Tec Marine Technology as its ROV sales representative in China. This also includes Forum’s recently launched XLe Spirit electric ROV. The vehicle, which recently completed sea trial in Norway, is the first of a new generation of electric
Marine energy developer Minesto has completed the first offshore installation phase of its Faroe Islands project. The company has set up the gravity-based foundation for the powerplant at the site in Vestmannasund. David Collier, COO at Minesto, said: “The operations team has managed to safely progr
French energy major Total has joined the ‘Getting to Zero Coalition’ to support the maritime industry’s decarbonisation.
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping.
Subsea 7’s renewables business unit Seaway 7 has chosen Lamprell for the delivery of 30 foundations for the Seagreen 1 offshore wind farm. Under the contract, yet to be finalised and to be executed on a lump-sum basis, the UAE-based company will manufacture jackets, transition pieces and suction cai
