Independent Oil and Gas (IOG), the UK-based company developing gas fields in the North Sea, said Friday it had signed a collaboration agreement with GeoNetZero CDT to explore carbon capture and storage opportunities.GeoNetZero CDT is Heriot-Watt University's Centre for Doctoral Training…
The new executive board of Brazil's Petrobras signaled on Thursday that it would largely follow plans set out by the previous administration, statements likely to ease investor concerns about the firm's tumultuous start to 2021.Chief Financial…
Angolan offshore drilling firm Sonadrill, the 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a twelve-well contract in Angola for the Sonangol Quenguela drillship. The contract includes one option for nine wells and eleven one well options…
Scotland-based OGTC has extended its latest Call for Ideas to June 14, with the organization set to invest up to £1million (around $1,4 million) 'in game-changing technologies which will accelerate Hydrogen production, transportation, storage and utilization…
Horisont Energi and seismic data firm TGS have signed a Memorandum of Understanding to jointly develop new Carbon Capture and Storage (CCS) technologies.The parties will work to identify and develop efficient methods for both the identification…
U.S.-based offshore drilling contractor Diamond Offshore's new CEO Bernie Wolford will have a base salary of $700,000 plus bonuses, the company said Thursday.As previously reported, Diamond Offshore, which in April emerged from their chapter…
According to new research from Oxford Brookes University, vertical offshore wind turbines are much more efficient in large-scale wind farms than conventional turbines, and when used in pairs, vertical turbines can boost each other's output by up to 15%…
Equinor Ventures, oil firm Equinor's corporate venture arm dedicated to investing in ambitious early phase and growth companies, has signed a Letter of Intent (LOI) with f3nice, an Italian additive manufacturing company. F3nice’s technology…
Schlumberger's coherent well construction planning solution DrillPlan has received a 2021 OTC Spotlight on New Technology Award. The annual awards program recognizes new, innovative technologies that are advancing and revolutionizing the future of offshore energy…
Offshore services provider Global Maritime has won a contract with offshore wind developer Ørsted in Taiwan.Global Maritime Singapore will provide of Marine Warranty Services from Orsted Taiwan Limited, in support of the Greater Changhua 1 & 2a Offshore Wind Farms WTG installation scope of work…
DNV has launched a research project to develop an automated data processing method for verification of detected wind turbine blade defects.The aim of the research is to build trust and generate broader acceptance of automated data processing…
Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2021 by 40% on Thursday thanks to higher than expected oil prices but left its capital expenditure plans unchanged so it can repay more debt.Inpex is now forecasting a net profit of 140 billion yen ($1…
Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria.The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing…
Norway-based TGS, a provider of seismic data for oil and gas exploration, has this week started the acquisition of Pelotas 2D multi-client phase 3 offshore Brazil.The survey located in the Pelotas Basin covers approximately 17,000 line kilometers…
Indian offshore drilling rig owner Aban Offshore has resumed operations at its Aban IV jack-up drilling rig following a suspension due to a Covid-19 outbreak.Aban Offshore had suspended operations on the 1983-built, 2011-refurbished offshore drilling rig in the first week of May…