Business & Finance
U.S. and European giants deliver ‘excellent’ results despite the downturn in oil & gas prices
BP, TotalEnergies, Eni, ExxonMobil and Chevron have revealed strong operating and financial performance in the first quarter of 2023.
ADNOC and TotalEnergies enter LNG supply deal worth $1.2 billion
UAE’s ADNOC Gas has signed a three-year supply agreement with TotalEnergies Gas and Power Limited, a subsidiary of French energy giant TotalEnergies, for the export of LNG. The agreement, valued at about $1.2 billion under current market conditions, was announced on 1 May. Pursuant to the terms of t
Longboat and Japan’s JAPEX set on creating ‘leading Norwegian-focussed independent’
Longboat Energy is putting the wheels into motion to form a joint venture (JV) with Japan Petroleum Exploration Co., Ltd (JAPEX).
Valaris wraps up rig sale and gets more work for its fleet as offshore drilling market tightens
A deep dive into Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
Probe into incident on North Sea platform underway after worker suffers ‘facial injuries’
Norwegian regulator has launched an investigation into an incident, which led to an injury, on an Equinor-operated platform in the North Sea.
UK politicians see collaboration with oil & gas sector as key to reaching net-zero
OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.
Rovco launches new business line
Rovco has launched a new dedicated marine site characterization business line in order to, as the UK company states, help address an industry shortfall of companies with the all-round skills and expertise to carry out site consenting surveys before the construction of new offshore installations. The
Energy Industries Council gets new chairman
As the current chairman is leaving the Energy Industries Council (EIC), a new one has been appointed to take his place.
Robust backlog drives Fugro’s revenue increase
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up b
Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023
GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.
Prosafe on the lookout for new CEO as current one steps down
Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.
UK firm strengthens rental fleet with Webtool cutter duo
UK-headquartered Subsea Technology & Rentals (STR) has strengthened its rental fleet with the addition of two high-performance Webtool cutters. The HCV275 and RCV160 cutters can be deployed at subsea level, either mounted, operated by a remotely operated vehicle (ROV), or onboard a vessel for planne
Norway sees ‘considerable potential’ for further oil & gas exploration in Barents Sea
The Norwegian government believes that the Barents Sea contains more undiscovered hydrocarbons, thus, more exploration is encouraged.
Another Solstad vessel makes ‘considerable’ fuel and emission cuts
Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i