Norwegian offshore service and supply ship Shipping company Solstad Offshore has signed a contract with Brasil Petroleo Ltda (Shell) for the platform supply vessel (PSV) Normand Starling. Pic: Solstad…
Oregon Governor Kate Brown on Wednesday signed a bill indefinitely blocking offshore drilling in the U.S. west coast state's territorial waters as lawmakers from several coastal states move to close their shorelines to oil and gas exploration…
While the blue economy and renewables loomed large on today’s agenda at the Offshore Mediterranean Conference (OMC) in Ravenna, Italy, moves toward extending exploration into underexplored Greece, as well as technologies to enable more fields to be produced as subsea tiebacks…
Engineering, construction and services company Subsea 7 announced on Friday it has been awarded a contract by Shell for the Arran gas field development, located approximately 240 kilometers east of Aberdeen in the UK North Sea. The…
SBM Offshore, a Dutch provider of floating production, storage and offloading units (FPSO), said on Friday it opposes financial regulators's claims that it withheld certain price-sensitive information between 2012 and 2014 related to an internal…
A U.S. appeals court on Thursday supported a lower court's finding that Italian oil producer Eni SpA breached a contract with offshore drilling contractor Transocean Ltd, but voided a $160 million damages award. Deepwater…
A second service operations vessel for Bibby Marine Services has been launched and christened during a ceremony at Damen Shipyards Galati in Romania, the shipbuilder announced Friday. Bibby WaveMaster…
Partners Tullow Oil, Total and Eco Atlantic have chosen the Joe prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday. Stena Forth (Photo…
A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business. (Photo…
Green Award certification program has been extended with a new ship type – Offshore Supply vessels (OSVs). The first ship of this type the ‘’Lingestroom’’ has been successfully certified. Photo by Green Award The Lingestroom…
The Dutch provider oil and gas exploration and production services Total E&P Nederland BV has chosen one of Vroon’s walk-to-work vessels to provide logistics support to offshore assets in the Southern North Sea (SNS). Pic: Vroon Vroon…
Japan Drilling Co Ltd (JDC), the provider of offshore drilling contract services to oil and gas companies worldwide, has signed a drilling contract for its Hakuryu-11 jack-up rig with an unnamed client in Vietnam. Hakuryu-11 Jack-Up Rig…
Cayman Islands-headquartered Shelf Drilling, the leading contractor of jack-up rigs, has won a three-year contract for one of its jack-up drilling rigs. Image: Shelf Drilling The provider…
European owner and operator of semi-submersible accommodation vessels Prosafe has won a contract to provide a ship to support offshore activities in the Central Mediterranean Sea. Image: Prosafe Prosafe…
Norwegian oil company Equinor has received consent to drill exploration well 7335/3-1 in production licence 859 in the Barents Sea, Norway's offshore safety watchdog, the Petroleum Safety Authority, said on Thursday. West…
Neptune Energy said on Thursday it has agreed with partners BP and Japex on a final investment decision (FID) for the Seagull oil and gas field in the UK North Sea. (Image: Neptune Energy) Neptune…
Norwegian oil company Aker Energy said on Thursday it has submitted to Ghana a $4.4 billion plan for developing the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana. (Image: Aker Energy) The block's Pecan field…
Bourbon Marine & Logistics said on Thursday it has been awarded a contract from Shell to support the oil major's exploration drilling in the Black Sea offshore Bulgaria. Photo courtesy of Bourbon The…
Offshore oil and gas operators are grappling with how to make their operations and even companies greener, Offshore Mediterranean Conference (OMC) in Ravenna, Italy, has been hearing. (Photo: Elaine…
U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. File photo: The floating, production…
U.S. lawmakers will quiz President Donald Trump’s new pick to lead the Interior Department on Thursday, focusing on the former energy and mining lobbyist’s plans to expand fossil fuels production from the United States' public lands and waters…
Angola's national oil company Sonangol has recently taken possession of the first of its two drillships built by a Korean shipyard firm, signaling the start of the implementation of its regeneration program that include investment in deep and ultra deep water drilling and offshore marginal areas…
NOAA Fisheries, the Bureau of Ocean Energy Management (BOEM), and the Responsible Offshore Development Alliance (RODA) signed a 10-year Memorandum of Understanding (MoU). Image: NOAA According to an official release…
Italian multinational oil and gas company Eni has activated the Inertial Sea Wave Energy Converter (ISWEC), offshore Ravenna, capable of converting energy generated by waves into electricity, which will in the future enable Eni to convert mature…
Fred. Olsen Ocean (FOO) has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million. Image: United…
German utility EnBW Energie Baden-Württemberg AG said that the Topside of the Offshore substation of the wind farm EnBW Albatros has been installed. Image: EnBW The Heavy Lift Jack-Up…
Angola state oil company Sonangol has taken delivery of Libongos, the first of two new drillships built by Korean shipyard Daewoo Shipbuilding Marine Engineering (DSME). (Photo: Sonangol) The new seventh-generation drillship…
Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said…
Offshore driller Odfjell Drilling plans to recruit more than 200 personnel as it adds two new semisubmersible drilling rigs to its fleet. Beacon Atlantic (Photo: North Sea Rigs) The Norwegian-headquartered company…
The topside of the offshore substation at the Albatros wind farm offshore Germany was installed Tuesday evening, developer EnBW said. The topside for the Albatros substation has been installed in the German North Sea…
Aberdeenshire-based subsea firm Aleron Group said it has acquired electrical drive engineering specialist IMPAQ as part of a plan to expand beyond offshore oil and gas into new markets including military, defense and nuclear industries. (Photo…
Marine seismic surveyor Seabed Geosolutions announced Wednesday it has been awarded a 3D ocean bottom node (OBN) survey in an ultra-deepwater area of the Gulf of Mexico by an unnamed major energy company. ©…
Samsung Heavy Industries said on Wednesday that Petrobras America filed a lawsuit against the South Korean shipbuilder with a U.S. court, claiming 283 billion won ($249.32 million) in damages. © Lichtwolke…
Lundin Petroleum on Wednesday announced its plans to develop the Solveig oilfield, formerly known as Luno II, offshore Norway, with startup planned in 2021. The Solveig oilfield will be linked to the…
Gas resources abound in the Mediterranean but the challenges facing their monetization were highlighted at the opening plenary session of Offshore Mediterranean Conference (OMC) in Ravenna, Italy, this morning. (Photo…
French energy company EDF has signed an agreement with the Chinese utility China Energy Investment Corporation (CEI) to jointly deliver two offshore wind power projects in China. Image: EDF The…
International offshore services provider Telford Offshore has been awarded multiple pipelaying and construction services contracts by Mexican company Protexa, which is chartering three of its DP3 multi-purpose vessels for a combined period of approximately 400 days…
Norwegian offshore service and supply ship shipping company Solstad Offshore ASA has been awarded a contract by Ophir Thailand (Bualuang) Limited. Image: Solstad Offshore ASA The contract…
Norway’s Electromagnetic Geoservices (EMGS) has received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea. Image: EMGS According to a press release…
Shearwater GeoServices announced the award of a 4D seismic survey at the Troll Unit by Equinor AS to be conducted this summer. Image: Shearwater GeoServices The company 20% owned by…
The Norwegian Petroleum Directorate (NPD) has granted MOL Norge, a Norwegian unit of the Hungarian oil company MOL, a drilling permit for a wildcat well in the North Sea. Rowan Viking rig. Image: Damen…
Aberdeen-headquartered controls technology company Proserv has agreed to sell its drilling services business (TIC) to pressure control systems specialist C-Automation. Image: Proserv The…
Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories. © weerasak /…
Subsea technology developer Ecosse IP (EIP) demonstrated the capabilities of its Ambient Lifter subsea and decommissioning solution during a two-day industry showcase event held in Fraserburgh, Scotland this week. (Photo…
Martijn Bergink has taken over as CEO of pumping systems manufacturer Framo. Martijn Bergink (Photo: Framo) Former Framo CEO Sameer Kalra has officially handed Bergink responsibility…
Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale fabrication of offshore platforms and onshore/offshore modules located within the King Salman International Complex for Maritime Industries in Ras Al-Khair…
Shell has sold 40 percent of its participation in two offshore oil exploration contracts in Colombia to Noble Energy, which will also operate the blocks, the government said on Tuesday. © Zerophoto /…
A new cooperation agreement between Australia's space agency and the country's largest natural gas producer aims to promote technology transfer between the space sector and the oil and gas industry. ©…
A major $2 million scientific study led by the University of Rhode Island (URI)’s Graduate School of Oceanography will monitor disruptive ocean currents in the US Gulf of Mexico, with a long term goal to improve forecasts for safer offshore operations in the region…
Oceanographic technology and marine services provider EOM Offshore announced Tuesday it has acquired the assets and operations of the New Jersey-based marine services provider Ocean Tech Services. (Photo…
The Stena Drilling-owned 5th generation, semi-submersible drilling rig Stena Don has undergone a major refit in the Netherlands. The vessel arrived at Damen Verolme Rotterdam (DVR) in October 2018 and departed for her new contract off the UK’s Shetland Islands in February 2019…
Brazil's government will announce 'within days' a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday…
MacGregor announced Tuesday it has received an order from China National Offshore Oil Corporation (CNOOC) to supply the on-vessel mooring system for a semi-submersible floating production unit (FPU) being built for a deepwater natural gas field in the western part of the South China Sea…
Royal Dutch Shell said on Tuesday it will start drilling an exploration well in a block off Bulgaria's Black Sea coast next month for oil and gas. © Emil Ivanov / Adobe Stock Shell has…
Remotely operated vehicle (ROV) survey and inspection company Rovco said it has expanded its international reach after forming a local partnership with Drexel Marine Petroleum Services in Egypt. Drexel Crewing Manager Ahmed Abelnasser…
An advocacy group, led by RenewableUK and Scottish Renewables, has been launched by industry body RenewableUK to make the case for large-scale deployment of floating wind power off Britain. Image:The…
Cortland has provided synthetic rope slings for the Norther offshore wind project in Belgium to support the lifting of monopiles, transition pieces and turbines. (Photo: Cortland) According…
ION Geophysical Corporation has announced a new 2D multi-client reimaging program off the Pacific coast of Central America. Image: ION Geophysical According to the provider of acquisition equipment…
Jadestone Energy, oil and gas production company focused on the Asia Pacific region, said it intends to resume its operations at the Stag oilfield, offshore Dampier, Australia, once it is safe for personnel to return offshore. Image…
The consortium of Van Oord and Siemens Gamesa Renewable Energy (SGRE) has signed a conditional contract to build the Windpark Fryslân nearshore wind farm in the Netherlands. Image: Van Oord The…
The offshore geophysical company Polarcus is getting a seismic vessel back early after Russian shipping player Sovcomflot (SCF) exercised an early redelivery option. Vyacheslav Tikhonov. Image: Polarcus A…
Plan to double Norwegian fortunes held up by field fix, remedial drilling campaign Growth platform: Wintershall Norge headquarters in Stavanger (Photo: Wintershall) German offshore player…
Oil prices were little changed on Monday as investors shrugged off fears of a global economic slowdown and focused on the prospect of tighter supply and lower U.S. crude inventories ahead. © namning…
Jan De Nul Group said it has been awarded a framework agreement for repairs of TenneT’s offshore high-voltage cables in the German Bight. (Photo: Jan De Nul Group) The Dutch firm has…
A tropical cyclone has led Jadestone Energy to pause its infill drilling program at the Stag oilfield offshore Australia, the independent oil and gas production company in an operational update on Monday. (Photo…
Mooring solutions provider InterMoor said it has been contracted by Jadestone Energy to carry out a feasibility study for a permanent spread mooring system for a floating production storage and offloading unit (FPSO) at Nam Du field located in block 46/07…
Oilfield services firm Schlumberger will stop taking new field management contracts that have been criticized as requiring heavy upfront investments while it seeks to monetize existing deals, the company's chief executive said on Monday. ©…
Coatings manufacturer Hempel has rolled out Hempatop Repel 800, a new flexible two-coat water repellent coating for offshore assets and installations that is designed to offer enhanced corrosion protection by actively repelling water from the coated surface…
TechnipFMC announced Monday it has been awarded a large integrated engineering, procurement, construction, transportation and installation (iEPCI) contract by operator Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 1…
Australia's Woodside Petroleum said on Monday it had evacuated all personnel from offshore production platforms off Western Australia ahead of Cyclone Veronica, and was operating the North West Shelf LNG and Pluto LNG plants on skeleton staff…
Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend. Prelude FLNG (Photo…
Malaysia's largest oil and gas services company Sapura Energy on Monday reported a profit for the fourth quarter on gains from disposal of a subsidiary stake, after five consecutive quarters of losses. (Photo…
The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 180-km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday…
U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region. Thunder…
Norway’s offshore safety watchdog Petroleum Safety Authority (PSA) has given Aker BP consent to use the Maersk Interceptor mobile drilling facility for production drilling on the Ivar Aasen field offshore Norway. Maersk Interceptor to Ivar Aasen…
German technical service provider TÜV NORD announced that it had won a contract from Siemens Gamesa Renewable Energy (SGRE) to certify one of the largest offshore wind turbines in the world. Image:…
GROW, a consortium of Dutch offshore wind industry and research partners, and the Dutch Ministry of Economic Affairs and Climate Policy have signed a collaboration agreement to strengthen innovation in offshore wind. Photo…
Singaporean conglomerate Keppel Corporation’s subsidiary Keppel FELS has finalised and entered into a rig construction contract with UK drilling oil and gas wells firm Awilco Drilling for the construction of a repeat drilling rig worth approximately USD425mln…
CNOOC International, China's largest producer of offshore crude oil and natural gas, has awarded a contract to Norwegian offshore driller Island Drilling for the Island Innovator rig for operations offshore the UK. Pic…
The UK Oil & Gas Authority (OGA) has made significant headway on projects aiming to support the energy transition alongside the core role of maximizing economic recovery of UK oil and gas, and it has now taken these efforts a step further. ©…
Independent oil and gas company i3 Energy said Boslkalis' marine survey subsidiary Gardline is performing a site survey for its 2019 and 2020 drilling program at the Liberator development and Serenity prospect, as well as the pipeline route for its Liberator Phase I development offshore the UK…
Oil services company Archer Limited announced Friday that CEO John Lechner has resigned from his position, effective immediately. (Photo: Archer) Lechner will remain as a senior advisor…
Semi-submersible accommodation vessel owner and operator Prosafe said it has reached an agreement with Norwegian focused exploration and production company Aker BP to restructure the remaining seven one-month options for the Safe Scandinavia…
Mexico's deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex. ©…
The offshore oil and gas industry has dedicated significant efforts to decommissioning platforms in the US Gulf of Mexico in the last five years. © Lukasz Z / Adobe Stock According to…
The planned restructuring of Nigeria National Petroleum Corporation (NNPC) joint operating agreements with multinational oil companies could help not only in raising substantial financial gains to support the country's national budget but also…
The two final platform topsides have been installed at the Johan Sverdrup oil field in the North Sea, about 140 kilometers west of Stavanger, Norway, operator Equinor announced Friday, marking a key milestone toward first oil expected in late 2019…
The offshore energy logistics company Topaz Energy and Marine announced that it has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) in Azerbaijan. According…
The provider of offshore safety and support at sea ESVAGT aims straight for the dynamic market for service operation vessels (SOV) with the newbuilding ‘Esvagt Dana’. Image: ESVAGT When…
McDermott International announced Thursday it has secured a contract from an unidentified Middle East customer for engineering, procurement, construction and installation (EPCI) services for new facilities and brownfield works project in the Arabian Gulf…
Cyprus-based oil and gas company Standard Drilling (SDSD) has been awarded new contracts for the three platform supply vessels (PSV) - Standard Princess, Standard Supplier and Standard Provider - with reputable customers. Pic…
Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider. ©…
A specialized winch system aboard the ASN Ile de Class cable laying vessel will facilitate the laying of seismic cables on the seabed of the Johan Castberg oilfield in the Barents Sea for Equinor’s new permanent reservoir monitoring system. MacArtney…
With an increasing focus on more cost-effective, sustainable methods within the oil and gas industry, operators are carefully considering the choice between extending or ending offshore production asset life. Pre-decommissioning planning has been highlighted as a key issue for many companies…
Oilfield services company Expro announced Thursday it has promoted two company executives. Alistair Geddes (Photo: Expro) Current Executive Vice President, Alistair Geddes, has been promoted…
Danish based offshore project and engineering company Semco Maritime said on Thursday it has been awarded an engineering, procurement, construction and installation (EPCI) contract with Total as part of the Tyra Redevelopment Project in the Danish North Sea…
McDermott International announced Thursday it has secured a contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services for new facilities and brownfield works project in the Arabian Gulf…
Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States. (Photo…
A team of industry partners say they have successfully tested a new solution for dynamic positioning (DP) system performance and redundancy audits – an industry first. (Photo: Kongsberg Maritime) Developed…
London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer. (Photo…
Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares. (Photo…
Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and gas producer said on Thursday. File photo: GSP Jupiter rig towed to Epsilon…
BASF's oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018. Mario Mehren (Photo…
North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in full-year profits on the back of increased production. (Photo…
The offshore support vessel (OSV) fleet in Brazilian waters closed January with 367 vessels, of which 328 were Brazilian flagged and 39 were foreign flagged. The quantity remained nearly stable in relation to December 2018, when 363 vessels…
The marine consultancy and contracting company SeaRoc has secured a contract to supply its marine management system SeaPlanner to support the construction of the Formosa 1 Phase 2 offshore wind project in Taiwan. Image…
UK-based JDR Cables, part of the TFKable Group, has signed a contract with Vattenfall for Denmark’s largest offshore wind farm, the 605MW Kriegers Flak. Image: JDR Cables JDR will manufacture…
Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of Mexico (GoM). Image: U.S. Department of the Interior According…
Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm. Image: Global…
Oil production in the North Sea will drop by 330,000 barrels per day (bpd) month-on-month in June 2019 as Ekofisk closes for planned work, according to Rystad Energy’s latest forecast. Image: Rystad…
Cable systems manufacturer NKT said its board of directors has appointed Alexander Kara as President and CEO. He will join NKT August 1, 2019. Alexander Kara is the new CEO at NKT (Photo: NKT) Kara…
The Martin Linge platform in December 2018 was hooked up to receive shore power via the world’s longest high-voltage alternating-current (HVAC) sea cable measuring 162 kilometers from the onshore substation at Kollsnes north of Bergen to the platform…
Engineering firm 4Subsea said it has acquired Astori, a Norwegian provider of subsea control systems for well intervention operations. (Image courtesy of Wintershall) Astori delivers…
Exploration and production companies in the UK offshore oil and gas sector will need to invest £200 billion in existing operations and new opportunities to sustain the next generation of productive life, according to a recent industry report…
Solstad Offshore announced Wednesday that Norwegian operator Aker BP has taken a pair of large platform supply vessels (PSV) on 12-month charter under a frame agreement announced earlier this month. Normand…
Seismic equipment and reservoir monitoring instrument manufacturer Sercel has launched its first distributed acoustic sensing (DAS) seismic solution. SigmaWave is Sercel’s first distributed acoustic…
TechnipFMC said on Wednesday it has secured a contract from Norwegian operator Equinor for the delivery and installation of the subsea production system the at Johan Sverdrup Phase 2 development offshore Norway. (Image…
The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region. ©…
The Ekofisk oilfield in the North Sea will undergo planned maintenance in June, two industry sources said on Wednesday. (Photo: ConocoPhillips) The work, which will reduce supply of Ekofisk crude…
Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid, the European Free Trade Association Surveillance Authority (ESA) said on Wednesday. ©…
The global provider of geophysical marine seismic acquisition Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Turkish national oil and gas company Türkiye Petrolleri Anonim Ortakligi (TPAO). Image…
Belgian company Engie Fabricom has awarded davit crane contracts to Manchester-based Granada Material Handling Ltd for the offshore substations at the 950MW Moray East and 860MW Triton Knoll offshore wind farms. Image…
The global oil service suppliers might have to wait until 2025 before the market reaches its former glory seen before the oil price collapsed. Image: Rystad Energy For drilling companies…
Norwegian offshore shipping company Island Offshore and TIOS (former Island Offshore Subsea, jointly owned by TechnipFMC and Island Offshore) will continue as suppliers of light well intervention services (LWI) for Equinor, with a new agreement signed for the use of Island Wellserver vessel…
Neptune Energy Norge AS has hired the newly built Beacon Atlantic semi-submersible drilling rig for up to 16 wells offshore Norway. Pic: CIMC Raffles The oil and gas producer said in…
Offshore operator Spirit Energy announced Tuesday that it started oil production on the Oda field in the southern part of the Norwegian sector of the North Sea on March 16, nearly five months ahead of schedule. (Image…
The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called 'transfer-of-rights' dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on final terms…
One of the world's most advanced diving support vessels has undergone a comprehensive power plant refurbishment and maintenance program. Subsea 7 Seven Atlantic (Photo: Royston) Engineers undertook the 30…
The world's largest vessel, Pioneering Spirit, received a robotic hull cleaning during a recent port call in Rotterdam. Pioneering Spirit (Photo: Hull Cleaner) The Allseas owned multipurpose vessel…
Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions. © pichitstocker / Adobe Stock Brent crude oil futures were up 16 cents at $67…
Cable systems manufacturer Prysmian Group said on Tuesday it has been awarded a contract worth approximately €30 million to develop of a turnkey submarine cable system for EDF Renewables' Provence Grand Large (PGL) floating offshore wind farm project in South France…
Houston-based deepwater production and distribution equipment and services provider Deep Down said it has secured $4.4 million in orders for flying leads and associated equipment, and offshore installation services for the Gulf of Mexico, including…
Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had started production at its P-77 platform, its fourth platform to enter operations in the Buzios field within the pre-salt region of Bacia de Santos. (Photo…
Mexico's national oil company Pemex plans to triple the number of wells it will drill this year, the company's chief executive said on Monday, in a bid to grow crude output and reverse more than a decade of declining production. ©…
UK focused exploration and production company Siccar Point Energy announced Tuesday it has has commenced its 2019 offshore drilling campaign with the spudding of an exploration well at the Blackrock prospect West of Shetland. Siccar…
Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, named Andrea Marques de Almeida, an engineer and former executive at mining company Vale SA, as its new chief financial officer, according to a securities filing. ©…
Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal. ©…
Norwegian operator Aker BP announced Tuesday it has found up to 130 mmboe in the the Froskelår Main exploration well in licence 869 in the Alvheim area. (Image: Norwegian Petroleum Directorate) Aker…
Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain. Aoka…
The power producer Boralex Inc. said that it has decided to withdraw from a consortium bidding for the Dunkirk Offshore Wind Farm tender. File Image: The Netherlands Enterprise Agency 'Boralex has determined…
The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth…
Thailand’s national oil exploration & production company PTT Exploration & Production PLC (PTTEP) has awarded French contractor Vallourec a contract to deliver over 3,000 tons of oil country tubular goods (OCTG) for a challenging offshore project in Myanmar…
Installation and testing of the 67 km control umbilical connecting the Sole gas field with the Orbost Gas Plant has been completed, marking the conclusion of the offshore construction phase of the Sole Gas Project, operator Cooper Energy said in an update on Monday…
Norway's offshore watchdog the Petroleum Safety Authority (PSA) said it has carried out an audit of Equinor and the fabrication of the subsea Christmas tree for the Snorre expansion project. Illustration…
In a sign that national oil companies aren’t giving up their nation-building efforts anytime soon, the near-shore, jack-up rig market is experiencing a swell of business that’s lifting fortunes and impressing seasoned rig hands. Well…
The chief executive of Mexican state oil company Pemex on Monday questioned credit agency downgrades to the firm's debt, saying the same agencies had not acted when the company's investment and oil exploration activity diminished under past governments…
Australia's largest independent oil and gas company said it has invested in a Western Australian company specializing in the protection and security of critical infrastructure. © pinkeyes / Adobe Stock Woodside…
Norwegian offshore watchdog the Petroleum Safety Authority Norway (PSA) said it is investigating an incident involving a dropped trolley on board the Equinor-operated Åsgard B facility on March 13. Åsgard…
Subsea services provider Rever Offshore, formerly Bibby Offshore, said on Monday it has appointed Barry MacLeod as its new chief executive officer, replacing Mark Bessell, who stepped down from the role last month, for personal reasons. Barry…
well completion solutions provider Reactive Downhole Tools announced MOnday it has appointed Niall Urquhart as VP Eastern Hemisphere. Niall Urquhart (Photo: Reactive Downhole Tools) Urquhart…
Oil edged further above $67 a barrel on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs though concern that an economic downturn may dent fuel consumption curbed gains. © pichitstocker…
An oil and gas field offshore Guyana owned by Tullow, Total and Eco Atlantic contains around 3.9 billion barrels of oil equivalent, an upgrade of around a third to a September estimate, Eco said on Monday. (Image…
Oil slipped to around $67 a barrel on Monday, weighed by concern that an economic downturn may dent fuel consumption, despite the prospect of prolonged OPEC-led oil supply curbs. © Pavel Ignatov / Adobe…
Offshore drilling company Seadrill has selected IT services, consulting, and business solutions organization Tata Consultancy Services (TCS) to transform and maintain its global digital infrastructure. (Photo…
Delek Drilling said on Monday it was considering listing its holdings in the Leviathan natural gas field off Israel's Mediterranean coast on the London Stock Exchange as part of a corporate restructuring.Delek Drilling, a unit of conglomerate Israel's Delek Group…
Borr Drilling, one of the youngest drilling companies in the offshore industry, has secured offshore drilling contracts with oil company Petroleos Mexicanos (Pemex), which will see two new build jack-ups deployed in Mexico. Image…
The marine geophysical company Petroleum Geo-Services (PGS) has announced new large-scale 2D multiclient project. This PGS regional-scale 2D GeoStreamer seismic survey will stretch 11 000 km, from the Namibian border to Cape Agulhas, covering large…
The energy shipping company PAO Sovcomflot (SCF Group) has managed to increase its revenue base and achieved a profit of USD 11.9 million against a USD 106.2 million loss in 2017. Image: SCF Group The…
Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of $52.2 million for the three months ended December 31, 2018 as compared to a net loss of $36.6 million for the three months ended December 31, 2017…
Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters. (File…
A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics. ©…
Dutch offshore contractor Jumbo said it has been awarded a decommissioning project in the North Sea by TAQA Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles. (Photo…
A pair of 39-meter multipurpose crew transfer vessels have been built by PT Bintang Timur Samudera in Indonesia and delivered to MH-O & Co to be operated for Orsted in its Hornsea Project One wind farm offshore England. Photo…
Oslo based offshore seismic services provider Magseis Fairfield said on Friday that it has received a contingent letter of award (LOA) for a three months data acquisition program for an unnamed client in the Gulf of Mexico. ©…
The 33rd Offshore Achievements Awards held in Aberdeen on Thursday night recognized talent, ambition and innovation across the UK offshore energy sector. Offshore Achievement Award winners with Rachel…
Offshore drilling contractor Seadrill has set out to define a new health standard for thousands of its employees before they embark on rigs offshore. (Photo: Seadrill) The company, in…
Digitization. Digitalization. Digital transformation. © Mike Espenhain / Adobe Stock As far as Ross Philo, Energistics president and CEO, is concerned, these terms mean much more than simply acquiring more data…
The fourth and final platform for the first phase of the giant Johan Sverdrup project offshore Norway is ready for sail-away from Kværner’s yard on Stord, to be transported about 140 kilometers west of Stavanger and installed in a single lift by specialist mega vessel Pioneering Spirit…
A new US-flagged inspection, maintenance and repair (IMR) vessel leverages three different propulsion systems for improved maneuverability and a high free running speed. The 2018-built IMR vessel Paul Candies (Image: Otto Candies…
Tennet has commissioned Arcadis and Pondera to carry out an environmental impact assessment (EIA) work and permit applications for grid infrastructure for the planned 4GW Ijmuiden Ver offshore wind farm. Image…
Danish wind giant Ørsted has submitted a bid for the 750MW Hollandse Kust Zuid lll and lV offshore wind zones in the Dutch North Sea. Image: Ørsted As part of its proposal to the Dutch government…
DEME Offshore has selected tier one suppliers to supply jackets for the foundations of Moray Offshore Windfarm East (MOWEL), located in the Outer Moray Firth, 22km off the coast of Scotland. Image: DEME According to DEME…
Australian offshore vessel owner MMA Offshore has been awarded a drilling support contract by Santos Drilling. Pic: MMA Offshore 'We are pleased to announce that we have been awarded…
Israel's offshore oil and gas licensing auction will go ahead as planned in June regardless of the outcome of the country's upcoming general elections, Energy Minister Yuval Steinitz said in an interview. Israeli…
Italian oil company Eni announced Thursday it has made a gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai peninsula…
Wellbore clean-up and abandonment specialist Coretrax said it is increasing its stock of its CX-Enviroplugs to meet demand for big bore cement plug placement. The company said eight…
BHP Group Ltd has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said. ©…
One of the world’s largest and most advanced subsea construction vessels has been equipped with three energy storage systems (ESS), featuring for the first time ever energy and load sharing capability. North…
The signing of an acquisition agreement between Italian oil giant Eni and Qatar Petroleum for an offshore asset in Morocco this week has not only reinforced the business partnership of these two oil exploration and production companies but could…
As the world's top oil companies diversify and expand their presence in the petrochemicals and renewables segments, Petrobras is craving to be a less verticalized company. Roberto Castello Branco took…
Norway plans to expand the offshore oil and gas acreage offered to companies under its annual licensing round in so-called predefined areas (APA), oil minister Kjell-Boerge Freiberg said on Thursday. ©…
The Witwind consortium, formed by Shell, Van Oord and Eneco, tendered for the construction and operation of Dutch offshore wind farms Hollandse Kust (zuid) III and IV in the North Sea. Image: The Netherlands Enterprise Agency Royal Van Oord…
Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance, reliability and integrity management. Image…
GAC Marine’s branch in Turkmenistan has been awarded two contracts by Petronas Carigali, a subsidiary of Petronas, to provide marine services for its development of the Garagol Deniz West (GDW) oil field. Image…
Underwater technology company Sonardyne International said that its pioneering subsea communications technology has been used to stream the first live broadcast to global audiences from an underwater submersible. Image…
Norwegian oil and gas exploration company Wellesley Petroleum has drilled another dry well in the Norwegian section of the North Sea, 220 kilometers northwest of Stavanger. Image: Transocean The…
UK-based provider of mass flow excavation services Rotech Subsea Ltd. has announced that it has signed an agreement to undertake a major seabed preparation scope for United Arab Emirates-based ULO Systems. Pic…
The offshore drilling contractor Rowan announced that Repsol Exploracion Guyana, a unit of Spanish energy major Repsol, has signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work in Guyana. Image…
Emerson and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to reduce the time to prospect and produce first oil. Emerson is enabling…
The U.S. Bureau of Ocean Energy Management (BOEM) has proposed a Gulf of Mexico lease sale for August 2019, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and BOEM Acting Director Walter Cruickshank announced Tuesday…
Ocean energy solutions developer Ocean Power Technologies (OPT) said it has signed a master service contract governing work with an unnamed offshore oil and gas operator within the U.S. and the U.S. outer continental shelf, including the provision of goods and services…
Engineering consultancy Magma Products said its newly launched a shutdown division aims to bring a fresh approach to this complex arena of the oil and gas industry. From left, Philip Tweedy, managing director of Magma Products…
Sian Lloyd-Rees, UK country manager with Aker Solutions and and chair of the Low Carbon Future keynote program session at SPE Offshore Europe 2019, believes oil and gas companies should lead the way toward a lower carbon future. Energy diversification…
Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday. © Michael Halberg…
Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the eastern state of Sabah, nearly two years after it began operations. (File…
Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British offshore wind farms in the event of a disorderly Brexit, the company's UK chief told Reuters. (Photo…
Brazilian oil company Petroleo Brasileiro SA has priced global notes worth $3 billion due in 2029 and in 2049 as it seeks to repurchase shorter-term debt obligations, according to a securities filing late Tuesday. ©…
One year after entering the Australian wind energy market, Alpha Offshore Service has successfully completed its first 10 projects in the area. Photo: Alpha Offshore The Denmark-based company…
Qatar Petroleum said on Wednesday it has entered into an agreement with Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco…
Italian oil major Eni said on Wednesday it has made a major discovery in Block 15/06, in the Agogo exploration prospect, in the deep waters offshore Angola. (Photo: Eni) The find is Angola's largest offshore discovery in years…
German energy group E.ON will decommission the first wind farm built in U.K. waters, as the 4-MW facility has reached the end of its technical lifespan. Shortly before dismantling: Blyth, Great Britain''s first wind farm…
The global offshore wind energy market is expected to exceed more than 81,000 MW by 2024, growing at a CAGR of more than 25% in the given forecast period. Image: Siemens Gamesa A report…
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea connection between Wales and Ireland in exchange for a stake in the scheme. Marine survey work starts for Greenlink interconnector…
SeaBird Exploration announced Tuesday that its contract for the Eagle Explorer with CGG has been extended by approximately 80 days for another survey in Northern Europe. The contract is now firm until August 15, 2019, with further options for CGG to extend with up to 60 days…
KCA Deutag’s engineering and design solutions provider RDS has been awarded a new contract for the detailed design of a drilling facility for an offshore platform. (File photo: KCA Deutag) The contract…
Geo-data specialist Fugro announced Tuesday it has been awarded a multimillion dollar contract from TenneT to provide integrated unexploded ordnance (UXO) services at an offshore wind farm development in Dutch coastal waters. The contract follows…
A lightweight, conductor-supported, minimum facility wellhead platform has been installed in 35 m water depth for the D28 oilfield Phase 1 project offshore Sarawak, Malaysia, for OceanMight Sdn Bhd on behalf of PETRONAS Carigali Sdn Bhd, 2H Offshore announced on Tuesday…
Subsea 7’s life of field business unit i-Tech 7 has appointed Simon Hird as its new regional director to help strengthen and grow its life of field business in the Asia-Pacific region. He will be based in the company’s Perth office. Simon…
Aker Solutions announced Tuesday it has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field offshore Australia, marking the first time the technology will be used outside of Norway…
Ocean Power Technologies, Inc. (OPT) announced Tuesday that it ha signed a Master Service Contract with an unnamed offshore oil and gas operator. The Contract will govern all work with this customer within the U.S. and the U.S. outer continental shelf…
British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth. (Photo…
Atlas Professionals has extended permanent recruitment and executive search services for the offshore wind industry to the Asia Pacific region. Image: Atlas Professionals 'With the…
The offshore wind parks specialist Fred Olsen Windcarrier won its first major deal in the Asian market after being picked to install the 8MW Siemens Gamesa Renewable Energy (SGRE) turbines at the Yunlin offshore wind farm off Taiwan. Image…
Italian oil and gas operator Eni S.p.A. and Qatar Petroleum have entered into a farmout agreement which will allow Qatar Petroleum a 25.5 percent participating interest in Block A5-A offshore Mozambique. Saad Sherida Al-Kaabi…
UK-based Offshore Wind Consultants (OWC) and Tata Consulting Engineers Limited (TCE) have signed an agreement to partner up for upcoming projects in the Indian offshore wind sector. Image: Aqualis Offshore Under the agreement…
TechnipFMC announced Monday it has acquired a newbuild diving support vessel (DSV) Deep Discoverer. The vessel will primarily service the North Sea diving construction and inspection, repair and maintenance (IRM) markets. (Image…
U.S. President Donald Trump's proposed fiscal year (FY) 2020 budget submitted to Congress on Monday includes $200.5 million for the Bureau of Safety and Environmental Enforcement (BSEE) and $193.4 million for the Bureau of Ocean Energy Management (BOEM)…
Offshore drilling contractor Transocean announced Monday that two of its ultra-deepwater drillships have been contracted by Petrobras for work offshore Brazil. Ocean Rig Corcovado (Photo: Transocean) The two drillships…
Colombia's government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million. ©…
Wireless subsea technology provider WFS Technologies has appointed Moray Melhuish to the newly-created post of commercial director, responsible for building on the success of its industry-advanced innovations as well as increase its portfolio of national and international projects…
Oil major BP has awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts to services providers McDermott International and Baker Hughes, a GE company (BHGE), for the Greater Tortue Ahmeyim natural gas project…
Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday. ©…
ACE Winches said it has delivered a bespoke new product for the installation and pull-in of two steel catenary risers (SCR) on the Buckskin deepwater development, a field located approximately 190 miles south-east of Houston in the Gulf of Mexico…
Maersk Supply Service said it has fixed the newbuild subsea support vessels vessel (SSV) Maersk Involver for 161 days to support maintenance of the DAN F platform located offshore Esbjerg for walk-to-walk and accommodation services. The contract is expected to commence start-April 2019…
British oil and gas production rose 4 percent to 1.7 million barrels of oil equivalent per day in 2018 compared with the previous year, according to the Oil and Gas Authority, an industry regulator. ©…
When BW Offshore agreed at the weekend to pay Brazilian oil company Petrobras $90 million for 70 percent of the Maromba field offshore Brazil, the company was launching in earnest a strategy to buffer itself from lulls in spending on floating production storage and offloading vessels (FPSO)…
North East England’s supply chain is “fit and ready” to support the growth of offshore wind that the new UK Sector Deal will bring, according to Energi Coast. Photo: Energi Coast The…
The European Commission has opened an in-depth investigation into German utility E.on's takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers. Image: Innogy SE The deal…
Thai oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) has made a gas and condensate discovery at the Orchid-1, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia. Image…
Norwegian subsea shipping company Siem Offshore has been awarded a long-term contract for its Siem Spearfish vessel. Image: Seaway Offshore Cables The vessel owner said it had agreed…
Norwegian vessel owner Vestland Offshore announce that it has taken Management on yet another Vessel. Ocean Duke Image: Vestland Offshore The Ocean Duke is currently being converted…
The Norwegian government announced that its huge sovereign wealth fund (SWF), arguably worl'd largest, plans to dump shares and investment in oil and gas companies. Image: Shell While…
Massachusetts-based Bristol Community College and JDR Cables, supplier of subsea power cables and umbilicals and a part of the TFKable Group, have launched new collaboration to train the future workforce for the global offshore wind industry…
UK-based drilling contractor Awilco Drilling announced that tha appointment of Jens Berge as Chief Executive Officer (CEO) of the company. Berge will succeed Jon Oliver Bryce. Pic: Awilco Drilling…
UK based Awilco Drilling has exercised an option to have a second mid-water semisubmersible drilling rig built by Singapore's Keppel Offshore & Marine, the builder announced on Friday. (Image: Awilco Drilling) The option…
OPITO, a global, not-for-profit skills body for the energy industry, has appointed Hart Victor in the role of vice president of strategy for the Asia Pacific region. Hart Victor (Photo: OPITO) Victor…
The offshore industry continues to find new ways to use machine learning and artificial intelligence to become more efficient, improve safety levels, and increase production. Stress Engineering Services is leveraging those technologies along…
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan…
Malaysian state oil firm Petronas said on Friday its fourth-quarter profit slid 21 percent as costs piled up, and warned it will have to chart a way through a volatile, challenging 2019 citing market uncertainties and geopolitical risks. ©…
Clean, green offshore wind is set to power more than 30% of British electricity by 2030, Energy and Clean Growth Minister Claire Perry announced yesterday (7 March 2018) with the launch of the new joint government-industry Offshore Wind Sector Deal…
German oil company DEA Deutsche Erdoel AG has said it has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez, offshore Egypt. Photo: DEA Deutsche Erdoel AG DEA’s…
The provider of comprehensive services to oil and maritime companies, Chet Morrison Contractors (Morrison) has acquired two pipelay/construction barges and a saturation diving system from an undisclosed seller in a move to double the size of its pipelay barge fleet…
United States will soon export more oil and liquids than Saudi Arabia, thanks to the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast. Graph…
The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries and emerging markets. Image: Orsted The World Bank and International…
South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin…
Dutch offshore support vessel operator Glomar Offshore announced Thursday it has purchased a pair of support vessels from French owner Bourbon Offshore. © Jean-baptiste Muiron / MarineTraffic.com The…
Oil prices edged higher on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by falling stock markets and renewed concerns over demand growth. ©…
Classification society ABS has published new guidance notes detailing best practices for their use on class surveys and non-class inspections. Photo courtesy of ABS The Guidance Notes…
Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors. Intellian’s v240MT antenna (Image…
Vår Energi AS, operator of the Goliat field in the Barents Sea, announced Thursday it has entered into an agreement with Telenor Maritime to equip the field with 2G and 4G networks, in an effort to improve safety and emergency response capability in the region…
Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250 million in the previous year, the British firm said on Thursday, adding it aimed to reduce its debt pile to potentially less than $2 billion by year-end…
Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday. (Photo: Equinor) Cost…
Plans to construct a U.S. floating liquefied natural gas (FLNG) vessel in China, which may also provide funding and buy part of its output, are moving ahead despite trade tension between the countries, an executive at one of the partners said on Thursday…
Subsea engineering, construction and services company, Subsea 7 has added yet one more feather in its Africa offshore cap after winning an engineering studies contract with a possibility of extending it to engineering, procurement, construction…
The solutions provider of the offshore renewable industry, Green Marine has expanded its fleet by recently purchasing a Damen Twin Axe 26m long CTV named the “Green Storm”. Image: Green Marine The…
The UK's offshore trade union RMT has raised concerns over the impact on workers from today's Government offshore wind energy strategy. Image: RMT RMT General Secretary, Mick Cash said…
UK company Specialist Marine Consultants (SMC) has completed a full inspection of Seajacks’ self-propelled jack-up vessel, Zaratan, ahead of her deployment to Taiwan in the coming weeks. Image: Specialist…
Gunnar Groebler, Senior Vice President, Business Area Wind at Vattenfall, has been named chairman of WindEurope’s board of directors. Gunnar Groebler. Photo: WindEurope Groebler will…
Aberdeen-based oil well technology firm Plexus Holdings said its Russian licensee Gusar had clinched its first major contract to supply gas exploration equipment to Gazprom. Image: Plexus The…
International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018. Image: Telford Offshore The…
Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official gazette on Wednesday. © brasilplural…
Dutch supplier Seatec said it has been awarded a contract for the design and delivery of four subsea pump systems. (Photo: Seatec) The comany said all four systems will be fitted with special hydraulic motor…
The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea. Pioneering…
A new synthetic aperture sonar (SAS) unveiled this week by Kraken Robotics Inc. is designed to provide ultra high definition seabed mapping with superior area coverage rates, according to the developer. Kraken…
Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday. (Photo…
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company's shares fell after he laid out a strategy to 'lean in' while the rest of the industry cuts back. ©…
Australia has painted itself into a corner with its natural gas industry and faces the stark reality that there are no easy choices to alleviate the dual problem of a looming supply crunch and the associated higher prices. ©…
Norway-based offshore services company and provider of drilling technology products, Neodrill AS announced three new project wins. Image: Neodrill AS New contracts include projects with Repsol…
Swan Hunter has completed work to spool export cables into storage baskets for the 370MW Norther offshore wind farm at its yard in Vlissingen, the Netherlands. Image: Swan Hunter The UK-based shipbuilding design…
Colombia’s state-run oil company Ecopetrol SA has signed Colombia’s first offshore exploration and production contract under a newly revised contract model. Image: Ecopetrol SA According to a report in Reuters…
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy, the independent energy research and consulting firm headquartered in Norway…
Kraken Robotics Inc. announced Tuesday it has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants that had been issued in connection with the company’s private placement of units to Ocean Infinity in June 2018.…
Offshore helicopter services provider Bristow Group has named L. Don Miller as its new President and Chief Executive Officer and appointed him as a member of the Board of Directors. Don Miller (Photo: Bristow) Miller…
BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks. (Photo…
A sonar monitoring system will help a major US oil company to reinforce its deepwater offshore asset integrity assurance in the US Gulf of Mexico. Sonardyne’s Sentry IMS in the US Gulf of Mexico (Photo: Sonardyne) The system…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment. (File photo: DOF) The…
The start-up of Equinor's Mariner heavy oilfield in the British North Sea is expected to be delayed again until the fourth-quarter of 2019, two sources familiar with the project told Reuters. © Jamie Baikie / Equinor The field…
One person died and two people were injured when a crane collapsed at an Italian offshore oil platform run by Eni, the oil and gas major said on Tuesday. (File photo: Eni) The crane was…
Sparrows Group Cable and Pipe Lay Solutions (CPLS) division provided personnel and equipment last year to support Hornsea 1 offshore wind farm off the east coast of England. Image: Sparrows CPLS 'CPLS…
Based on the latest forecasts, engery-sector specialists Nautilus Associates claim more than £59 billion ($77 billion) could be invested in new offshore energy and infrastructure projects between now and 2040 in the Lowestoft and Great Yarmouth Enterprise Zones…
British independent North Sea focused upstream oil and gas company, Jersey Oil and Gas said that drilling operations have now begun for the Verbier appraisal well, in the UK North Sea. Andrew Benitz…
Equinor has gained approval from the Norwegian Petroleum Directorate (NPD) to extend the producing lifetime of its Gullfaks C platform off Norway until 2036. This corresponds to the entire period of the production license. Image…
Billionaire Jim Ratcliffe's petrochemicals company Ineos said on Wednesday it would spend 1 billion pounds ($1.33 billion) on UK energy assets, including the Forties pipeline, which carries almost half of Britain's oil and gas from the North Sea…
Electromagnetic Geoservices (EMGS) said it has entered into final contracts with Equinor for a range of seismic data across the Norwegian continental shelf. (Photo: EMGS) The final deal includes both licensing of Barents Sea…
Ratings agency Standard & Poor's on Monday slashed the stand-alone credit profile of Petroleos Mexicanos (Pemex) to 'B-' from 'BB-', piling pressure on the Mexican government to tighten up the debt-laden state oil firm's finances. (Photo…
Mediterranean focused oil and gas producer Energean announced Monday that it has commenced its 2019 drilling program offshore Israel, which will consist of three development wells and Karish North. Stena…
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil in the Pecan South-1A well south of the main Pecan field offshore Ghana. (Photo…
An investigation into the November 2018 fire aboard the mobile drilling facility West Phoenix has uncovered the cause of the incident as well as several regulation breaches, the Petroleum Safety Authority Norway (PSA) said on Monday. West…
Dutch offshore access provider Ampelmann announced Monday it has secured its first contract in Mexico. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform. (Photo…
Sparrows Group Cable and Pipe Lay Solutions (CPLS) division has delivered its largest renewables project to date as part of three contracts awarded through VBMS; DEME Offshore, formerly known as Tideway; and DeepOcean. The work scope, part of…
As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv. Iain Smith…
International energy consultancy Xodus Group said it has expanded its decommissioning offering with the appointment of its first well decommissioning manager. Gavin Bell will be responsible for developing and delivering Xodus’ new well decommissioning…
British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels' worth of prospective resources the company is investigating, Seapulse said. (File…
Norway's BW Offshore is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) and Chevron, for an undisclosed price, the Oslo-listed company said on Monday. BW Offshore CEO…
Russia's No.2 oil producer Lukoil's fourth-quarter net profit rose to 159 billion roubles ($2.42 billion), up from 120.5 billion roubles in the same period a year earlier, the company said on Monday. (File…
Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the northern part of the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil…
UK-based water company Northumbrian Water has signed what is believed to be the UK’s first corporate power purchase (PPA) agreement with Danish renewable energy specialist Ørsted for offshore wind. Image…
Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries…
German wind turbine manufacturer Senvion Group has concluded a 30-megawatt (MW) contract with Renexia for the first offshore wind farm in the Italian Mediterranean Sea. Image: Senvion Offshore The wind farm will feature ten Senvion 3…
The EU Marinet2 project has awarded 36 offshore renewable energy developers total funds of EUR 1.2 million for testing technology under its latest funding call. Image: MaRINET2 Thedevelopers will benefit from the free lab…
Oil giant ExxonMobil, together with partner Qatar Petroleum (QP), made giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus and estimated in-place gas resources in the reservoir at 5 to 8 trillion cubic feet (tcf) of gas…
Last week, the first electricity has been generated by the Belgian offshore wind farm Norther. Only 7 months ago, the Dutch maritime contracting company Van Oord started with the installation of the first foundation and already the first power is delivered to the grid…
Two Belgian companies - Aerospace industry supplier SABCA and DEME Offshore - have formed a partnership to use drones for inspection services in the offshore wind energy industry. Image: DEME Offshore SABCA…
U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year. File…
Aker BP ASA announced it has awarded frame agreements with three suppliers for the provision of platform supply vessels (PSV), in a move that aims to reorganize the value chain. From left: Nils Magnus Himle…
Petroleo Brasileiro SA is expanding its ambitious divestment program and has 'bold' plans for future sales, the Brazilian state-run oil company's chief executive said after the firm reported its first annual profit in five years. ©…
Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels. (Photo…
An Italian judge has ordered oil contractor Saipem and former executives to stand trial on charges of market manipulation and false accounting, the company said on Friday, confirming an earlier report.The trial, revolving around a profit warning issued in 2013 which sent Saipem shares sharply lower…
Anyone who works in business knows the importance of following processes to achieve successful outcomes. When it comes to the oil and gas industry, one misstep, change or delay can throw the entire process off, rendering resources useless and costing a company thousands…
TechnipFMC announced Friday it has been awarded a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed for the Greater Tortue Ahmeyim project offshore West Africa…
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over the $1.3 billion acquisition of an Nigerian offshore oilfield, ramping up pressure on the energy firm that already faces bribery charges in Italy over the case. (Photo…
Billing it as Industry 4.0, Weatherford launched its automated managed pressure drilling (MPD) riser system in Houston this week. The automated riser system combines with artificial intelligence, condition-based maintenance and additional sensors to speed operations…
Record U.S. output, exports offset some of OPEC's cuts. File Image / CREDIT: AdobeStcok / © Mikesjc Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output…
European energy company Vattenfall has decided to participate in the 750 MW offshore wind tender for Hollandse Kust Zuid 3 & 4, in the Dutch part of the North Sea. Image: Vattenfall The…
Offshore driller Northern Drilling, part of John Fredriksen's Seadrill, has won a contract for its harsh environment newbuild semi-submersible rig West Bollsta with Lundin Petroleum in Norway. Image…
German Naval Yards Kiel, has floated out 'Atair', the world's first LNG fueled research vessel, after a building period of 16 months. Image: German Naval Yards Kiel The 75 m vessel is…
Malaysia’s floating production storage and offloading (FPSO) operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company Ltd (First E&P) have executed a contract for an FPSO to be deployed offshore Nigeria. Image…
UK-based Maritime Developments Ltd (MDL), which designs, manufactures, and delivers machines to energy sector, said that it has secured a flexible installation project offshore Ghana. Image: Maritime…
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