Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 in a deal valued at around $4.86 billion, creating a global company focused on drilling, engineering and construction.

One key factor driving the investment is a desire for economic prosperity and security. Citizens shocked over government's ...

The first LNG cargo from the Greater Tortue Ahmeyim project offshore Senegal and Mauritania is expected to be loaded and ...

Exxon Mobil’s Australian subsidiary is set to invest close to $200 million into the Kipper 1B gas project. This investment ...

They are young, smart, organised and committed. These experts from the Energy Market Authority share how their work in electricity imports brings us closer to a clean energy future.

Chevron Corporation CVX has awarded Shelf Drilling a one-year contract extension for its Scepter jack-up rig operating offshore Nigeria. The extension will begin immediately after the current contract ...

National Grid Plc agreed to sell its US onshore renewables business to Brookfield Asset Management for $1.7 billion after ...

Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares ...

National Ocean Industries Association President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL ...

Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at ...

Scotland’s ambitions in offshore wind are driven by net-zero targets, energy transition and economic growth. In each of these cases, there is ...