National Oilwell Varco News

 

US Plans New Offshore Oil and Gas Lease Sales

Apr 21, 2025

US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching the process to develop the 11th National Outer Continental Shelf Program marks a decisive step toward securing American Energy Dominance,” said Secretary of the Interior Doug Burgum…

National Grid Takes $402 Million Hit on Paused New York Wind Project

May 15, 2025

National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates.Its shares rose 2% to 1…

BOEM Seeks Public Comment for Eleventh National Outer Continental Shelf Oil and Gas Leasing Program

Apr 29, 2025

On April 18, 2025, the Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) would soon initiate the first step in an engagement process to develop the 11th National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program)…

US Halts Empire Wind Project

Apr 16, 2025

U.S. Interior Secretary Doug Burgum ordered a halt to construction on Equinor's Empire Wind project off the coast of New York, saying information suggested the Biden administration approved it without enough environmental analysis.In a post on X on Wednesday…

Belgian and Greek Contractors Reel In UK’s HVDC Interconnections Deal

Mar 17, 2025

Belgian offshore installation contractor Jan De Nul, in consortium with Greek cables supplier Hellenic Cables has signed a framework agreement with National Grid for strategic HVDC interconnections in the U.K.This agreement will entitle the…

Saipem Lands $620M Revolving Credit Facility

Feb 11, 2025

Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

Nov 20, 2024

Malaysia-based Velesto Energy has signed a memorandum of understanding (MoU) with Petronas and National Oilwell Varco (NOV) to implement rig mechanized automation processes and integrate robotics into drilling operations.The MoU aims to establish…

Coalition Forms to Combat US Offshore Wind

Aug 08, 2024

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations.The National Offshore-wind Opposition Alliance…

CNOOC, ADNOC Agree to Deepen Cooperation

Jul 25, 2024

China National Offshore Oil Company (CNOOC) said on Thursday it signed strategic alliance agreement with Abu Dhabi National Oil Company (ADNOC) to deepen cooperation.Under the agreement, the companies will cooperate in oil, gas exploration and production…

DOE Awards $7.4 Million for Sandia National Laboratories Energy Projects

Jun 30, 2024

The Department of Energy’s Office of Technology Transitions has awarded $7.4 million to develop seven projects at Sandia National Laboratories aimed at advancing clean energy technologies.In total, DOE’s OTT announced $41.4 million in federal…

New Petrobras CEO Says Oil Prospect is of “National Interest”

May 27, 2024

Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of 'national interest.'Magda Chambriard…

UK-Denmark 1.4GW Subsea Interconnector Starts Operating

Jan 03, 2024

The Viking Link, said to be the world’s longest land and subsea electricity interconnector, became operational and started transporting power between the UK and Denmark.The $2.15 billion (£1.7 billion) link stretches for 475 miles between UK and Denmark…

Report: Europe Needs Meshed Grids for Offshore Wind

Apr 25, 2023

Hitachi Energy and industry group WindEurope have published a new report which concludes that Europe needs more meshed grids to ensure its offshore wind development.Meshed grids are clusters of offshore wind farms with fewer cables connected…

Russia Fails at UN to Get Nord Stream Blast Inquiry

Mar 28, 2023

Russia failed on Monday to get the U.N. Security Council to ask for an independent inquiry into explosions in September on the Nord Stream gas pipelines connecting Russia and Germany that spewed gas into the Baltic Sea. Only Russia, China and Brazil voted in favor of the Russian-drafted text…

Shearwater GeoServices Wins 3D Survey Contract Offshore South Korea

Mar 08, 2023

Marine seismic survey contractor Shearwater GeoServices has secured a 3D streamer survey offshore South Korea.The contract, of an undisclosed value, was awarded by Korea National Oil Corporation (KNOC).The award of the 1,200 sq. km survey marks…

Logistics News

Alleged Breach of Supply Chain Protection for Sheep in Jordan

Alleged Breach of Supply Chain Protection for Sheep in Jordan

Bipartisan Legislation Reintroduced to Protect Ports and Fund Inspections Facilities

Bipartisan Legislation Reintroduced to Protect Ports and Fund Inspections Facilities

Port Authority of Valencia Presents Strategic Plan 2035

Port Authority of Valencia Presents Strategic Plan 2035

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

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