CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast.The MoU is intended…
Norwegian offshore services company Argeo has signed a contract with Woodside Energy to conduct a geophysical survey for the deepwater Calypso field in Trinidad and Tobago.The autonomous underwater vehicle (AUV) survey work will be carried out by Argeo Searcher vessel…
SBM Offshore has secured a contract from ExxonMobil to construct and install the Jaguar FPSO for the Whiptail development project located in the Stabroek Block in Guyana.The ownership of the Jaguar FPSO will be transferred to ExxonMobil Guyana…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Asgard drillship with Hess Corporation for operations in the U.S. Gulf of Mexico.The 365-day contract extension for Deepwater Asgard is valued at $195 million…
UK-based Viaro Energy has received regulatory from the North Sea Transition Authority (NSTA) for the assignment in the Bressay oil field license, following the recently completed acquisition agreement with EnQuest. Under the terms of the sales and purchase agreement…
The Norwegian authorities have approved the start-up of production on the Hanz accumulation on the Ivar Aasen field in the North Sea.The development solution involves reusing the subsea installations on the Jette field, which was shut down in 2016…
Norwegian oil and gas company Vår Energi has drilled two wells in the North Sea offshore Norway, both of which were dry.The wells 25/7-12 S and A, were drilled in production license 917, 200 kilometers northwest of Stavanger, that was awarded in 2017…
TDI-Brooks' newest vessel R/V Nautilus (formerly known as Nautical Geo) is ready to go to work following a 6-month retrofit period in Las Palmas.The DP2 vessel is currently enroute to the U.S. East Coast to provide support for offshore wind operations…
Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday.Deputy Finance Minister Gabriel Yorio told…
UTEC, a geo-services brand in Acteon’s Data and Robotics Division, has secured a three-year contract by Siemens Gamesa for operations and maintenance (O&M) services to the Butendiek offshore wind farmUTEC will provide subsea balance of plant O&M services for the 228 MW offshore wind farm…
Norwegian ship designer and builder Vard has confirmed the Danish subsea cable company NKT is behind the order for the construction of the new cable laying vessel.The contract, valued between $218-270 million (€200-250 million), was signed mid December 2023 by Vard and NKT HV Cables…
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…
West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…
Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and purchased what is said to be the country's only cable-laying vessel (CLV) for the offshore wind market…
The Biden administration on Wednesday will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry's impact on an endangered species of whale.The sale will likely be the…
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