Borr Drilling has disclosed its updated 2022 and 2023 financial guidance, showing a significant improvement in both cases.
Hess Corporation has unveiled its Exploration & Production capital and exploratory budget for 2023, which will amount to $3.7 billion.
Norway’s Simon Møkster Shipping has secured a contract extension for its multi-purpose support vessel (MPSV) with an existing client. The offshore vessel owner reported that a sixth-month option had been declared for the Stril Explorer with an existing client, following a contract period of more tha
Rovco, a UK provider of subsea robotics and integrated survey, has signed an initial three-year charter party agreement with Glomar Offshore for the multi-purpose support vessel Glomar Supporter, as part of its growth strategy within its site characterization business unit.
France-headquartered cabling firm Nexans has developed a material for improved eco-balance of power cables in partnership with aluminium producer Trimet. In a joint development project, the two companies have developed a material with recycled aluminium content for the production of aluminium rod us
Allseas has been hired by ONE-Dyas to provide its offshore engineering expertise for a gas field development in the Dutch North Sea.
Arroyo Investors, a Houston-based, independent investment manager focused on power and energy infrastructure assets throughout the Americas, have closed an investment in Seaside LNG and its affiliated entities, an integrated shore-side LNG liquefaction and bunkering platform in the US. Brandon Wax,
OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.
Perstorp, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), Uniper, a Germany-based energy company, and the European Climate, Infrastructure, and Environment Executive Agency (CINEA) have signed an agreement granting €97 million in funds to Project Air from the Innovation Fund. The
Dutch company SeaQurrent has conducted first tests on its TidalKite tidal energy device as it prepares for upcoming deployment offshore the Netherlands.
Germany will join the H2Med, a subsea hydrogen pipeline project being jointly developed by France, Spain and Portugal. The extension of the H2Med pipeline to Germany was revealed in the Franco-German declaration on the occasion of marking the 60th anniversary of the Elysee Treaty on 22 January. Fran
Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”
Norwegian state-owned energy giant Equinor has exercised an option to extend the multi-year 4D framework agreement with PGS, established in March 2021, by two additional years. The framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreem
Norway’s Ministry of Petroleum and Energy has sent a proposal for the announcement of the APA 2023 round, which includes additional blocks.
