Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.Slower growth will intensify…
Floating tidal stream turbine developer Orbital Marine Power has appointed Black & Veatch as Lead Engineering Partner to support technology optimization and cost reduction engineering under the company’s €5m R&D program.Supported by the INTERREG France (Channel) England TIGER project…
Italian energy group Eni said it would write off around 3.5 billion euros ($4 billion) from the value of its assets after revising down its long-term outlook for oil and gas prices due to economic fallout from the COVID-19 crisis.In a statement on Monday…
UK-based offshore engineering company TSG Marine is working to bring Zoono, a revolutionary molecular layer that kills microbes for up to 30 days on sprayed surfaces, to offshore oil and gas platforms, in an effort to reduce COVID-19 infection risk…
Belgian offshore contractor DEME Offshore has installed the first jacket at the 950 MW Moray East offshore wind farm, offshore Scotland, the UK. In total, 100 wind turbine jackets and 3 offshore substation jackets will be installed at the project…
Gulf Energy Development Pcl said on Tuesday it acquired a 50% stake in a German offshore wind farm for about 558 million euros ($631.10 million) in the latest overseas investment by Thailand's second-largest power producer.Gulf Energy said acquiring…
Denmark-based offshore wind developer Ørsted has awarded CHC Helicopter the contract for aerial transportation during the construction and operations phases of its Hornsea Two offshore wind farm off the UK.CHC will continue to work with UniFly to deliver flight operations for Hornsea One…
Thirty-two years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the numbers of lives-lost…
French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s annual Exploration Survey. Dr. Andrew Latham, Vice President, Global Exploration Research, at Wood Mackenzie…
Byron Energy has completed the installation of the SM71 G platform in the Gulf of Mexico.The company said Monday that the installation of jacket and decks comprising the platform had been completed. 'The Triton Hedron derrick barge has de-mobilized…
Nord Stream 2 AG, Russia's Gazprom-led company building the Nord Stream 2 gas pipeline in the Baltic Sea, has been granted permission from the Danish authorities to use pipelaying vessels with anchors instead of the dynamic-positioning ones…
Norwegian engineering company Apply has been hired by offshore energy giant Equinor for engineering and installation services on the North Sea Statfjord field, offshore Norway.The agreement covers overhaul, replacement, and modification deliveries on the three Statfjord platforms…
UK-focused offshore support vessel owner North Star has appointed Mathew Gordon as its new chief executive.Gordon will take over the CEO position this month from Callum Bruce, who is stepping down as chief executive after 34 years in the business…
Spirit Energy has failed to find hydrocarbons at a Barents Sea exploration well in the production license 719, offshore Norway.The Norwegian Petroleum Directorate said Monday morning that Spirit Energy had concluded the drilling of wildcat well 7321/8-2 S and that the well was dry…
Norwegian seismic acquisition company PGS has started an ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available Q4 2020…