Golden Software has focused on enhanced usability in the latest version of its Surfer mapping and 3D visualization software package. New and long-time Surfer users will find it is faster and easier to make high-quality subsurface maps that accurately visualize their 3D data sets…
Verlume and SubCtech have signed a memorandum of understanding to jointly develop and deliver integrated subsea power systems and pursue opportunities across the offshore energy and defense sectors.The agreement combines Verlume's subsea power…
Oil prices settled $3 higher on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had canceled some cargo deliveries to European customers, deepening concerns…
Çan2 Termik's subsidiary Minerosol Group has signed a 20-year operating and production agreement with Venezuela's PDVSA for the CEMA (Petrokariña) oil field, with a planned investment budget of $381.7 million over the contract period.The agreement…
The European Commission will likely comment within the next 24 hours on a reopening of its antitrust probe of the merger between Norway's Subsea 7 and Italy's Saipem, Subsea 7 CEO Stuart Fitzgerald said on Wednesday.The probe had been halted…
Chinese supplier Envision Energy has installed the first turbine at the 128 MW Vinh Long nearshore wind project in Vietnam, marking the first turbine installation for its first international offshore wind project.The project, developed by REE Group…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/9-5 S in production license 1042, operated by Equinor with 30% working interest.Its partners are Aker BP with 40% share and Vår Energi with 30% working interest…
PTTEP has received Thai government approval to transfer a 40% working interest in two offshore Gulf of Thailand blocks to Valeura Energy under a strategic farm-in agreement between the companies.Thailand's Cabinet granted executive approval for PTTEP Energy Development Company…
Valeura Energy has discovered a new oil accumulation near its Manora field in the Gulf of Thailand, with drilling results prompting the company to move immediately into development planning for a potential satellite facility.The Suraphi discovery…
Aker BP has made a gas discovery in the North Sea, using Saipem’s Scarabeo 8 semi-submersible drilling rig.The discovery was made 25 kilometers north of the Duva field, marking the first exploration well in production license 1153, which was awarded in APA 2021…
Petrobras has awarded Strohm a contract to supply thermoplastic composite pipes for water injection and gas lift applications in Brazil's deepwater post-salt cluster, with the technology to be tested in water depths of up to 1,500 metres.The…
Senegal and Eni have signed a memorandum of understanding for the energy company to evaluate the oil and gas potential of five offshore blocks as the government seeks to revive exploration and attract new upstream investment.The agreement, signed…
MET Group and Shell have signed a new long-term agreement for the supply of U.S. LNG, expanding the European energy company's access to American gas for its customers across Europe.Under the agreement, Shell will supply MET International, MET Group's trading and wholesale arm…
Libya plans to increase gas output to 4 billion standard cubic feet a day over the next three to five years, its oil and gas minister told an energy forum in Bangkok on Tuesday.'We have come to identify huge opportunities for us to increase…