Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.
Chinese power cable specialist Orient Cable (NBO) has commenced the construction of its Southern Manufacturing Base in Yangjiang, Guangdong. The facility covers 170,000 mm2 and represents an investment of over €136 million. According to Orient Cable, it has been designed to cater to both the renewab
On a quest to decarbonise oil and gas field operations, four companies have teamed up to specify and fund pre-FEED for two emission-free power projects.
The EU has adopted a new package of sanctions against Russia and its supporters in response to Russia’s invasion of Ukraine. The tenth package of sanctions is being adopted as the world marks one year since Russia’s full-scale invasion of Ukraine and is targeting 121 entities and individuals. The pa
US energy tech giant Baker Hughes has secured two procurement contracts with Wison Offshore & Marine (WOM) to provide support for one floating LNG and one onshore LNG project. The two agreements were announced on 22 February when representatives from Baker Hughes visited WOM to exchange views on the
TechnipFMC has reported full-year inbound orders of $8.1 billion for 2022, a 20 per cent increase compared to 2021, said to be driven by $6.7 billion in orders from the Subsea segment. In Q4 2022, the total company revenue was $1,694.4 million, with an adjusted EBITDA, which excludes pre-tax charges
Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon
Swedish company Minesto has signed a collaboration agreement with Taiwan Cement Green Energy (TCCGE) to pursue tidal and ocean current energy buildout in Taiwan.
Neptune Energy, Sval Energi and Storegga have submitted an application for a CO2 storage project in the Norwegian North Sea which has the potential to store up to 225 million tonnes of CO2. The application was submitted to the Norwegian Ministry of Petroleum and Energy following the announcement of
SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa
The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r
Following a review of the circumstances surrounding an injury, BSEE has revealed multiple recommendations for oil and gas operators and contractors.
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States came to a stop and remained unchanged last week.
UK energy market regulator Ofgem has decided that all electricity interconnector projects that submitted applications in its third cap and floor window will progress to the next phase. This third window was opened for electricity interconnectors able to start operations before the end of 2032 and th
