Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio…
Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances…
The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic.'While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge…
The market for floating production, storage and offloading units (FPSO) is heating up. Séverine Baudic, SBM Offshore’s Managing Director for Floating Production Solutions, weighs in on the strategic initiatives and technological innovations…
For any new offshore oil and gas project, calculating costs is key. Operators must assess both up-front capital expenditure (capex) as well as expected ongoing operational expenditure (opex) over the life of the project and weigh these figures…
The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022…
The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet…
Exploration and production (E&P) companies are expected to enter 2020 with measured optimism for offshore exploration prospects, after 2019 delivered a moderate increase in exploration drilling and not-so-moderate rise in licensing activity…
Oilfield services company Schlumberger announced Thursday that its subsea arm has received a contract from Chevron to provide an integrated subsea production and multiphase boosting system for the deepwater Anchor field in the US Gulf of Mexico…
US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID)…
The mission to locate two people missing from a helicopter that crashed in the Gulf of Mexico has been called off, the US Coast Guard said on Monday evening.Air and boat crews were unable to find the downed aircraft and passengers after scouring more than 4…
The U.S. Coast Guard said it is searching by air and sea for two people aboard an overdue helicopter believed to have crashed in the U.S. Gulf of Mexico.The Coast Guard said its watchstanders received a report at 10:37 a.m. on Saturday from the helicopter's owner…
Pirates have abducted seven crew members from an anchor handling tug supply (AHTS) vessel offshore Equatorial Guinea, the vessel's owner Swire Pacific Offshore (SPO) said.The Singaporean-flagged Pacific Warden was attacked on November 20, 2019 at approximately 5 a…
Asset managers leveraging advanced sensor technologies, vast pools of stored and processed data, and real-time analytics are able to foresee—and prevent—costly component failures.A recent report from Lloyd’s Register points out that predictive…
Brazilian state-run oil company Petróleo Brasileiro S.A. (Petrobras) has signed letters of intent with Japan’s MODEC and Malaysia’s Yinson for charter contracts for two floating production, storage and offloading units (FPSO) for the Marlim field offshore Brazil…
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