The Biden-Harris Administration has decided to invest $4 billion as part of Investing in America agenda to boost the electrification of the US ports.
NKT has secured a final order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector, with an order value exceeding €600 million.
MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s FPSO destined to work in Guyana.
Murphy Oil started drilling its second well in the U.S. Gulf of Mexico, after making a new oil discovery at its first prospect in 2023.
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed up a step last week.
Shell has hired Australia’s engineering company Worley to support its deepwater development project in the U.S. Gulf of Mexico (GOM).
Two oil majors, Shell and ConocoPhillips, have joined their peers in posting 1Q 2023 results, which were hampered by lower oil & gas prices.
Galp has hired a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign off Namibia.
A Guyanese court recently ruled that ExxonMobil is in breach of oil spill insurance obligations for its first oil project located off Guyana.
Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business.
Worley has been awarded a contract to provide detailed engineering design services for Petronas’ huge CCS project offshore Sarawak, Malaysia.
Shell has signed an agreement with Ithaca Energy, defining a marketing process for its interest in the controversial Cambo development.
Saipem has been given the go-ahead to proceed with the final phase of ExxonMobil’s recently sanctioned $12.7 billion oil project off Guyana.
Noble has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia.
