FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.'MODEC's FPSOs ensure their integrity…
Indonesia's state oil company Pertamina Hulu Energi (PHE) estimated its oil and gas production this year at 1.043 million barrels of oil equivalent per day (BOEPD), up 8% from last year, its chief executive Wiko Migantoro said on Tuesday.For 2024…
Offshore vessel owner Maersk Supply Service, A.P. Moller – Maersk, and The Ocean Cleanup have agreed to extend their collaboration to complete the validation of the system by The Ocean Cleanup which is said to be able to consistently capture significant quantities of plastic from the ocean…
Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…
Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Natural gas production in October rose to 328…
Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China. The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…
Subsea cable supplier and service provider JDR Cable Systems (JDR), a part of the TFK Group, said Tuesday it had achieved several significant milestones in the construction of its new £130 million state-of-the-art subsea cable manufacturing facility in Cambois…
Offshore well plug and abandonment specialist Well-Safe Solutions has agreed a global master agreement with BP lasting until at least September 2026, with two one-year contract extension options available.The agreement will see the well decommissioning company provide BP with project management…
Russia is waiting for the outcome of an investigation into the sabotage of the Nord Stream gas pipelines before making any request for compensation, the RIA state news agency cited a foreign ministry official as saying on Tuesday.The pipelines…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem.The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil…
The first turbine has been installed at the South Fork Wind Farm offshore New York, developer Ørsted announced on Monday.The first of South Fork Wind’s 12 Siemens Gamesa wind turbine generators was hoisted into place by the offshore construction team at the project site 35 miles off Montauk…
IKM Ocean Team Scandinavia has recently signed a contract with TotalEnergies EP Danmark and the Danish Underground Consortium for the supply of cleaning and process services.The contract starts on October 1, 2023, runs for five years firm, plus two one-year extension optinos…
Italy's Eni has temporarily halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the license from prospecting to mining, sources with direct knowledge of the matter told Reuters…
Offshore disposal firm EODEX UK has informed that it has removed over 80 offshore munitions from the Moray Firth without high-order detonations.According to EODEX UK, detonations are widely attributed to be a key factor in mass stranding events – such as the Kyle of Durness in July 2011…