On January 1, the Norwegian Petroleum Directorate changed its name to the Norwegian Offshore Directorate.The Norwegian Offshore Directorate's primary objective is to contribute to the greatest possible values for society from the oil and gas…
Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia.Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83…
The holiday season is here, and in the best traditions of Offshore Engineer, we bring you the top festive videos shared by offshore industry companies this year as well.With plenty of ‘short and sweet’ videos to choose from, this year’s round up starts with our top three favorites coming from Fugro…
Genesis is a 24 VDC, Time Domain Reflectometry (TDR) – based, Multiphase Detector which is designed to measure multiple phases in applications with thick and dynamic emulsion layers:Vapor phaseTotal level (e.g., hydrocarbon liquid)Top of emulsion layerBottom of emulsion layer (e…
Investors are increasingly pessimistic about the outlook for crude oil prices as doubts grow OPEC+ will cut production enough to offset rising non-OPEC output and a deteriorating economic outlook.But many professional money managers are more optimistic about refined fuel prices…
Britain's Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday.Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA…
Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…
Exmar, a company best known to the Offshore Engineer audience for its FLNG units, has decided to re-enter the offshore drilling sector with an investment in the offshore drilling company Vantage Drilling.Exmar said it had acquired approximately 11…
Wagenborg Offshore has taken delivery of the Kingsborg subsea support vessel.Kingsborg is a subsea support vessel, converted from a platform supply vessel, that will support subsea activities and decommissioning works in the southern North Sea in a long-term agreement with an energy major…
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration…
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns, a company executive said on Friday.Eni announced earlier this month a gas find at Geng North-1…
Norwegian oil and gas company Equinor has extended the contract for the Havila Foresight offshore vessel.Equinor exercised a one-year option for 2024, according to the vessel owner, Havila Shipping. Financial details were not disclosed.The oil firm has three additional options…
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…
Eneti, an offshore wind installation company, said Wednesday that its subsidiary Seajacks UK had signed a contract with an unnamed client to assist with wind turbine installation.Per Eneti, the mobilization will start in 2024, and the contract…
U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company's presence in the Permian Basin, the largest shale play in the U.S.. Once completed, it would be…
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