Norwegian oil company Equinor has with its partners decided to further develop the Asgard field in the Norwegian Sea, with an investment estimated at just under NOK 1.4 billion ($164,27 million).Equinor said the investment would see the implementation…
Norway-based marine seismic surveyor PGS said Thursday it was experiencing an increase in seismic acquisition project activity, and that it would reactivate some previously stacked vessels.'Based on project awards so far, PGS has started preparations…
Norwegian offshore vessel provider Solstad Offshore said Thursday it had won new contracts for two of its subsea construction vessels (CSV), the Normand Fortress and the Normand Mermaid, in offshore wind and seismic sectors, respectively.The…
The transition to a lower-carbon economy, including commitments by the UK and Scottish Governments to achieve net-zero by 2050 and 2045 respectively, coupled with increased urgency around climate action plans leading to COP26 in November, have sent a clear message…
Hornsea 1 Limited, a joint venture owned by Ørsted (50 %) and Global Infrastructure Partners (GIP) (50 %), which operates the giant Hornsea 1 offshore wind farm, located 120km off the Yorkshire Coast, the UK, has struck a deal to sell its transmission assets…
Dutch electricity transmission system operator TenneT and wind farm developer CrossWind, a JV of Shell and Eneco, have signed agreements for the construction of the offshore grid connection for the Hollandse Kust (noord) wind farm, which is being built some 18…
U.S. oil major ExxonMobil has failed to find commercial quantities of oil at the Bulletwood-1 offshore well in the Canje Block, offshore Guyana.The well, spudded on December 30, 2020, was drilled using the Stena Carron drillship and was the first well drilled in the 4…
A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating.A day earlier, four other board members stepped down at Petroleo Brasileiro SA…
Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.Seadrill, which in February…
Acteon's pile-driving operating company MENCK has won a contract with offshore installation company Allseas to deliver piledriving and handling equipment for the installation of TenneT’s DolWin6 offshore converter platform in the German sector of the North Sea…
DNV, the independent energy expert and assurance provider, has been retained by Poland-based offshore wind developer PGE Baltica, to assist with the setting up of an offshore wind joint venture between PGE and Ørsted.DNV, which on Thursday officially changed its name from DNV GL to DNV…
Quarterback Services, the local agent of Archer Well Company has secured a one-year extension with Petronas Carigali for the provision of well downhole leak detection services using ultrasound technology.Archer said that the original contract had been for an initial period of three years…
Offshore seismic survey services company Shearwater GeoServices has won a contract for a 3D multisensor marine seismic survey, in the Otway Basin, offshore Australia.'We see a solid, consistent level of activity in Australia where we have multiple projects booked in 2021”…
OOS International, a Dutch-based offshore services company, has said there has been 'a strong increase in requests' from potential clients to charter its newbuild semi-submersible heavy lift crane & accommodation vessels the company ordered in China back in 2016…
Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.'Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy…