Mermaid Subsea Services UK has secured a multi-well contract to be carried out on behalf of a North Sea operator, said to represent the company’s largest contract to date. The two-year contract includes the decommissioning of 22 wells and will see the creation of 12 new roles at Mermaid’s Aberdeen h
Add Energy has expanded its presence in Asia by setting up a new office in Malaysia, headed up by a former ExxonMobil drilling engineer.
Spain-based URBAS, specialised in sustainable infrastructures and buildings, real estate development, and renewable energies, has signed an agreement with US-based AECOM, an engineering, architecture and sustainability company, to develop green hydrogen, green ammonia, and sustainable fuels projects
Greek cable manufacturer Hellenic Cables has signed a contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for the fourth phase of the Cyclades interconnection project. The project includes the Lavrio-Serifos and Serifos-Milos interconnections with a total
Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has inked a deal for the Caspian Explorer drilling vessel, enabling it to undertake operations in the Caspian Sea.
Afentra plc has run into delays in completing deals with Sonangol and INA, which will allow it to acquire interests in blocks offshore Angola.
Malaysian energy company Petronas and Japan Organisation for Metals and Energy Security (JOGMEC) have signed a Memorandum of Understanding (MoU) to cooperate in energy transition initiatives towards achieving respective energy transition and decarbonisation targets. According to Petronas, the initia
A carbon capture and sequestration (CCS) project located along the Texas Gulf Coast, has expanded its carbon dioxide (CO2) storage footprint.
Aquadrill, formerly known as Seadrill Partners, and Vantage Holdings’ subsidiary have reached an agreement to provide a sixth-generation drillship for operations in East Africa.
Amogy Inc., a Brooklyn-based developer of energy-dense ammonia power solutions, is making waves in the maritime industry with its ammonia-to-power system which has a massive potential to decarbonize shipping operations. The company just revealed its project which involves retrofitting a 1957-built t
The saga surrounding the development of a controversial Bay du Nord offshore oil project located in Canada continues with a court challenge.
Offshore drilling contractor Valaris has secured new contracts for two drillships, including a stacked one, and a jack-up rig.
Gunvor Singapore and Chesapeake Energy Marketing have entered into a Heads of Agreement (HoA) under which Chesapeake will supply up to 2 million tonnes of LNG per annum to Gunvor, with the purchase price indexed to Japan Korea Marker (JKM), for a period of 15 years. Following the execution of the Ho
