Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…
Norwegian offshore seismic data acquisition and processing firm TGS said Monday it had signed a memorandum of understanding to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico. The survey is planned to start in the third quarter of 2023…
Chevron Australia has hired ABL Group (ABL) to do marine warranty surveys (MWS) for the Jansz-Io Compression project off the coast of Western Australia.Part of the original development plan for the Chevron Australia-operated Gorgon Project,…
Marine Power Systems is collaborating with cable manufacturer FibreMax to provide integrated floating foundation and tendon solutions to the growing floating offshore wind sector.The tendon solution will be used in the anchoring and moorings of Marine Power Systems tension leg platform (TLP)…
$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW…
Edinburgh-based tidal energy company Nova Innovation has achieved another world-first by doubling the size of its Shetland Tidal Array. In 2016, the array of three underwater tidal turbines was the first of its kind and has been powering homes and businesses in Shetland ever since…
Oceaneering International said that its Norwegian subsidiary, Oceaneering AS, signed a Memorandum of Understanding (MoU) with Kontiki Winds AS (a Havfram AS company) to jointly pursue the application of floating offshore wind for remote microgrid…
Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy, along with hopes the global economy can avoid a recession and low oil inventories…
Germany's cabinet on Monday approved measures to accelerate the expansion of wind and solar power by simplifying licensing and setting deadlines for permitting procedures, the economy ministry said.Berlin aims to generate 80% of electricity from renewables by 2030…
A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration…
A Norwegian study has found a 'substantial' amount of metals and minerals ranging from copper to rare earth metals on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates. The Nordic country…
Jan de Nul Group and LS Cable & System have completed the installation of the first sea cable for West Alpha offshore wind substation for Dutch grid operator TenneT. The offshore installation contractors used the cable-laying vessel Connector…
Norwegian company PGS, best known for its seismic survey services in the offshore oil and gas sector, said Wednesday it had scored its first offshore wind contract. The company said it had secured its first ultra-high resolution offshore wind farm site characterization project…
Norwegian energy giant Equinor has exercised an option to extend the framework agreement with the seismic company PGS, originally entered into in March 2021. The extension is valid for two years.The two-year framework agreement covers 4D monitoring…
Rovco, a UK-based subsea robotics and survey firm, has signed a three-year charter with Glomar Offshoreof the multipurpose support vessel, Glomar Supporter.The company said the charter was part of its growth strategy within its site characterizing business unit…
Subscribe
