ADNOC and ADPower have issued a joint tender to develop and operate the MENA region’s first HVDC subsea transmission system. The system will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid. The project should as a result reduce the carbon footprint of ADNOC’s off
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
Germany’s Ernst Russ Group closed the 2019 financial year with positive overall business performance, completing a number of strategically important projects and further expanding as a maritime asset and investment manager.
Offshore drilling contractor Diamond Offshore has started voluntary Chapter 11 proceedings to restructure and strengthen its balance sheet.
Petronas has refuted allegations in news reports stating the company has deactivated 14 rigs and shut down 14 projects.
OceanSET partners produced their first annual report based on recent information on costs, technologies, revenue support and other facts. OceanSET is a 3-year project supporting ocean energy implementation plan of the European Strategic Energy Technology Plan (SET Plan). This €1 million project has
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
Poland’s dominant gas firm PGNiG claims that Russian giant Gazprom has not reduced gas prices despite a court ruling last month. The arbitration tribunal in Stockholm ruled in March that Gazprom must pay PGNiG about $1.5 billion in a pricing dispute case. The court also ruled that a gas pricing form
Affected by coronavirus costs and provisions, Kvaerner sank to a loss in the first quarter of the year compared to a profit in the year-before quarter.
In order to support companies in Belgium’s Port of Antwerp during the coronavirus crisis, Antwerp Port Authority has agreed to let them delay payment of port dues for seagoing ships and barges.
Houston-based oil and gas company Vaalco Energy has received a continued listing warning from the New York Stock Exchange (NYSE).
Greek tanker owner and operator TOP Ships has acquired a 50 per cent interest in two companies that own two ultra-high specification scrubber-fitted 50,000 dwt eco MR product tanker newbuilds.
The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.
A joint venture consisting of Chinese shipowner Cosco and energy giant CNPC is to order three liquefied natural gas carriers at Hudong Zhonghua Shipbuilding. The price for each of the 174,000 cubic meter LNG carriers is $185 million, according to a statement by Cosco Shipping Energy Transportation.
