OEG has secured a multi-million-pound contract from Ørsted to provide statutory inspection services across its UK offshore wind portfolio. The agreement, awarded through a competitive tender, runs for five years with two optional two-year extensions.
Petrofac announces the completion of the sale of Petrofac Emirates to a consortium of financial investors led by Mason Capital Management (Mason) and Pearlstone Alternative (UK).
Hammertech, a subsidiary of Nordic Technology Group (NTG), has received a new purchase order worth approximately NOK 5.5 million (595,630 ) from an established customer in the automated drilling sector in the Americas.
Oil prices climbed more than 2% on Monday as investors reassessed expectations for a breakthrough in US-Iran negotiations, with renewed regional tensions highlighting the fragility of efforts to secure a broader peace agreement and restore stability to Middle East energy supplies.
Sungrow, in partnership with ACO and Korra Energi, has commissioned a 1.4 MWp solar system at the Esh El Mallaha petroleum facility in Hurghada, addressing persistent energy challenges in Egypt’s remote oil and gas operations.
SLB has entered into an agreement to acquire Houston-based technology company Tachyus, which specialises in high-speed reservoir modelling and optimisation.
Bapco Energies has announced the launch of the NBH Future Energy Leaders – Scholarship and Career Development Programme, a national initiative aimed at nurturing Bahraini talent in the energy sector.
Global technology company SLB announced an expanded collaboration with Vår Energi to scale well planning and integrated field development planning across its Norwegian Continental Shelf operations.
WoodKSS, Wood’s incorporated joint venture in Kazakhstan, has secured a new engineering and project support contract with Tengizchevroil, one of the world’s largest onshore producing oil fields.
Kuwait has approved the merger of Kuwait Integrated Petroleum Industries Company (KIPIC) into Kuwait National Petroleum Company (KNPC), according to a decision by the Supreme Petroleum Council.
