French seismic data firm CGG said Monday that its Sensing & Monitoring division Sercel had completed the acquisition of ION Geophysical Corporation’s (“ION”) software business.ION's software business includes Orca: a navigation system dedicated to streamers…
Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…
G.W. Lisk Company recently announced the launch of their ATEX, IECEx and UL/ULC certified in line deflagration flame arrestor series. The series is designed for use in Class 1: Div 1 (Zone 0,1), Div 2 (Zone 2) oil and gas installation up to 4”…
Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel 'Avalon Sea,' covering a firm duration of 18 months upon completion of the current term…
The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050…
Japan's biggest oil and gas explorer Inpex Corp on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support.A rapid recovery in demand…
UK-based offshore well plugging & abandonment company Well-Safe Solutions said Thursday it had secured a contract to plug and abandon (P&A) 14 wells on the UK continental shelf. The work is expected to secure 60 new offshore positions.The deal…
The U.S. offshore wind sector continues its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, Intelatus Global Partners said in its July U.S. offshore wind report.Two major OCS projects with around 940 MW of capacity have reached FID and have started onshore construction…
Equinor said on Wednesday it has agreed to sell to Shell a 51% operating stake in the North Platte deepwater development project in the U.S. Gulf of Mexico. Equinor will retain 49% interest in the project, now renamed Sparta.Discovered in 2012 by Cobalt International Energy…
Scantrol AS and C-LARs LLC inked a deal in Houston at OTC this year, whereby Scantrol will supply control systems including Active Heave Compensation (AHC). Scantrol is an independent supplier of monitoring and control systems for the marine business…
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035…
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst…
The U.S. offshore wind sector continues to pick up speed on its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, with a total investment of $205 billion required for the 70 GW of capacity forecast to be added in this and the next decade…
Brazil's government is trying to add the 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The Ametista block is located…
Subscribe
