Odfjell Technology has signed a two-year contract with Vercana GmbH, Vulcan Group’s drilling subsidiary, to provide tubular running services (TRS) to Vulcan Group’s Phase One Lionheart Project in Germany. SourceContinue Reading
Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province. SourceContinue Reading
ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel. SourceContinue Reading
Oceaneering has won contracts to provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil. SourceContinue Reading
Verlume has entered into a strategic collaboration with Kraken Robotics, marking an industry-first crossover: the introduction of military-grade battery technology into the commercial offshore energy sector for the first time. SourceContinue Reading
Subsea7 has landed a major contract with the Turkish Petroleum Offshore Technology Center (TP-OTC) for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye. SourceContinue Reading
ADNOC has agreed to supply 1 million tons of LNG annually to IndianOil for 15 years as it lines up more binding contracts for a new export terminal. The LNG will come primarily from the under-construction project at Ruwais. SourceContinue Reading
When completed, FLNG Hilli Episeyo will be redeployed in the Gulf of San Matias in the Rio Negro province offshore Argentina, liquifying gas from the Vaca Muerta shale formation onshore in Neuquen province for 20 years. SourceContinue Reading
Xodus founder Steve Swindell is stepping down from his role as CEO after 20 years with the global energy consultancy, with Stuart Holley of Subsea7 set to take over as Xodus CEO starting October 1. SourceContinue Reading
EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with crane maintenance services across its offshore assets. SourceContinue Reading
