DeepOcean has completed its first subsea intervention project with offshore operational leadership managed from shore, carrying out the work for Aker BP at the Idun Nord field in the Norwegian Sea.The operation involved a work-class remotely…
DOF Group has secured four 12-year charter and services contracts in Brazil following a competitive tender process, supporting Petrobras’ deepwater subsea inspection, maintenance and repair operations.The contracts will lead to the construction…
Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company's vice president of exploration, said on Tuesday.High‑performance computing and AI‑driven algorithms have accelerated seismic imaging…
Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to stay the course on the 25-year-old pact.The Thai cabinet's cancellation of the agreement…
Equinor is extending key supplier agreements with a combined value of around NOK 17 billion ($1.8 billion). Baker Hughes Norge, Halliburton and SLB Norge have been awarded the contracts for integrated drilling and well services to help maintain production from the Norwegian continental shelf…
Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy, says Wood Mackenzie.The models suggest these projects have fragile economics…
The Chouest Group announced it has completed the acquisition of the Alliance business from Helix Energy Solutions Group. Alliance will be integrated into Champagne Energy Solutions (CES), expanding the Group’s offshore decommissioning and plug & abandonment (P&A) platform…
The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused…
Talking about untapped value in offshore energy typically brings exploration, new wells and new developments to mind. But in today’s mature basins, the greatest source of opportunity is often neither new nor undiscovered.Many offshore regions…
BW Offshore has signed a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada.The agreement follows BW Offshore’s selection as preferred bidder for the floating…
Forum Energy Technologies (FET) has unveiled its latest solution in subsea handling equipment, the Model 6000 (M6000) Launch and Recovery System (LARS).Part of FET’s Dynacon product line, the M6000 provides a compact, all-in-one solution for inspection and light work-class ROV operations…
The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy…
Oilfield services firm Archer has secured a three-year contract extension from Equinor for wireline and intervention services on the Norwegian Continental Shelf.The extension builds on an integrated wireline contract originally awarded in 2021 and provides continued operational visibility…
The changing shape of the oil and gas landscape presents both an opportunity and a challenge for well decommissioning. Well decommissioning, particularly the safe execution of plug and abandonment (P&A) operations, represents a significant opportunity…
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company…