Active floating drilling rig utilization has rebounded from a low of 65% in 2018 to over 85% in 2023, energy intelligence group Wood Mackenzie said Monday, adding that the growth in demand and rates could even spur construction of new offshore rigs…
The U.S. Coast Guard said Sunday it had medevaced an oil platform crewmember 23 miles southwest of Port Fourchon, Louisiana, Saturday.Coast Guard Sector New Orleans watchstanders received a notification at 4:19 a.m. of a 33-year-old crewmember…
BW Offshore on Monday closed the transaction for the sale of the FPSO Espoir Ivoirien to its client, CNR International, for $20 million.The closing of the deal comes after several short-term charter extensions for the FPSO operating offshore the Ivory Coast…
Green hydrogen specialist Lhyfe and Spanish company Capital Energy have signed a collaboration agreement for the joint development of offshore renewable hydrogen projects in Spain and Portugal.The two companies will work to create hydrogen production…
Norwegian offshore services company Aker Solutions has won a contract with the oil and gas company Equinor to deliver the first Submersible Wireless Installer for Tubing (SWIFT™) for 18 tubing hanger installations on the Johan Castberg field…
Norwind Offshore, an offshore vessel company formed in late 2021 by Norway's Farstad, Volstad, and Kleven to be focused purely on offshore wind, has taken delivery of the first of four Commissioning Service Operation Vessels (CSOVs) built by Vard…
Drilling operations have started on the HBA-27B well offshore Denmark, with the first of two wells successfully spudded by the jack-up rig Shelf Drilling Winner (ex-Noble Sam Turner).BlueNord (ex-Noreco) and its partners December 2022 reached…
German renewable energy firm RWE has signed an agreement with Luxembourg-based offshore installation firm Jan De Nul Group to secure the long-term usage of two next-generation installation vessels, “Les Alizés” and “Voltaire, for future offshore wind foundation and turbine construction…
Norwegian offshore seismic services company PGS said Monday that a client had terminated its seismic survey contract, first announced in March.On March 2022, PGS said it had secured a 3D exploration acquisition contract with 'a major international energy company…
Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…
U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive.The unit of APA Corp did not say how many workers would be cut as a result of the move…
German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday.The investigators have reconstructed the two-week voyage of the 'Andromeda'…
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said…
Norwegian offshore vessel operator Island Offshore has recently secured work for its Island Victory vessel, which will install a mooring spread for an FSRU (Floating Storage Regasification Unit) for an undisclosed client. The contract kicks in the autumn of 2023 and has a duration of 90-120 days…
Bosch Rexroth North America's President and Chief Executive Officer Gregory Gumbs will leave the company July 1, 2023, the company said Thursday.'Gumbs, who joined the organization in late 2020, successfully led the increased growth of the North American region to record achievements…