UK-based survey specialist Bibby HydroMap have announced the successful completion of testing of ‘DriX’, the 8-metre Autonomous Unmanned Survey Vessel (AUSV) developed by iXblue.Designed to provide a true extension of survey capability from shallow and inshore waters to a full offshore environment…
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.Iran's oil exports are already dropping fast…
Russian oil pipeline monopoly Transneft's first-half net profit fell 19.2 percent year on year to 92.1 billion roubles ($1.38 billion), the company said on Tuesday.Transneft's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 208…
Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from…
ROV services provider M2 Subsea has completed a contract with Ithaca Energy UK Limited to conduct a subsea system survey of a North Sea field.The company deployed the Go Electra multi-service vessel equipped with a Triton XLX work class ROV to the Stella field…
An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9 percent more than called for in their pact, two sources familiar with the matter said on Monday.The committee groups representatives from Saudi Arabia…
Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This…
Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland.A vertical pilot hole was initially drilled confirming over 100ft of oil column and a higher than anticipated net pay of 58ft…
Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC…
Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea…
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom node (OBN) seismic monitoring surveys over multiple oil and gas fields in the U.S. Gulf of Mexico.Seabed Geosolutions…
En+ Group, hit by U.S. sanctions against Russia in April, said on Thursday it was investigating the possibility of re-domiciling from Britain's Jersey to one of Russia's new offshore zones.London-listed En+ Group, which manages the energy and aluminium businesses of Oleg Deripaska…
Work to restart Norway's Mongstad oil refinery will continue throughout the evening on Wednesday, following a power outage that shut the facility earlier in the day, operator Equinor said.The unexpected outage happened during routine maintenance on the site's power supply…
Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource, announced a significant change to its proposed wind farm layout in response to feedback from fishermen and community members…
Brave Tern, the 132-meter jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam.The main operation was the insertion of a 20-meter section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 meters…
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