BW Energy, an Oslo-listed oil firm, said Thursday that the drilling of the Hibiscus Extension appraisal well DHIBM-2 in the Dussafu Marin license in Gabon had fallen short of expectations, hitting water instead of oil.'The primary objective…
South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday.The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
Maritime survival equipment specialist Survitec has completed the acquisition of Hansen Protection, a provider of personal protective equipment. Ron Krisanda, Executive Chairman at Survitec, commented: 'The addition of Hansen Protection, and its leading portfolio in personal protective equipment…
French firm CGG, best known for its seismic data services for oil and gas exploration, has now launched a maritime pollution monitoring solution named SeaScope.'Combining expertise in remote sensing science, Earth observation data, machine learning and high-performance computing…
Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months.Golfinho is one of dozens of legacy production assets that Petroleo Brasileiro SA…
Norwegian oil company Equinor and Italian rival Eni plan to collaborate on development of floating wind farms in the North Sea as part of their expansion within renewable energy production, the companies said on Thursday.The Norwegian government has earmarked two areas in the North Sea for up to 4…
French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40…
Oslo-listed offshore drilling contractor Shelf Drilling has secured a ten-year contract extension for the High Island IX jack-up rig.The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia…
Offshore drilling contractor Noble Corp. has reportedly submitted a bid to acquire some assets of rival Seadrill. This is according to Reorg, a website providing credit intelligence, data, and analytics for hedge funds, asset managers, investment banks…
Siemens Energy, which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays, and the ongoing coronavirus crisis.Revenues are now expected to grow 3-8% in the year to September…
Australian company BHP on Wednesday announced the first oil production from the Ruby field offshore Trinidad and Tobago.Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura Field. The development…
Danish offshore vessel owner Esvagt has informed that its Esvagt Dana vessel has returned back to the Baltic 2 offshore wind farm in Germany to support wind turbine maker Siemens Gamesa during maintenance work.For the next three to six months…
North Sea-focused oil and gas company NEO Energy, backed by HitecVision, on Wednesday announced its plan to cut carbon emissions from its operations. The company, which in February agreed to buy ExxonMobil's Northern North Sea fields off the UK in a transaction valued at more than $1 billion…
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…