DNV GL’s 2017 outlook for the oil and gas industry has revealed short-term agility and long-term resilience, with an overall stabilization of confidence in some regions, despite depressed and prolonged oil and gas prices. Image of Tørstad…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), H.E. Mohammad Sanusi Barkindo, will deliver remarks to delegates during CERAWeek 2017, 6-10 March at the Hilton Americas—Houston. Barkindo will appear…
Dynamic Industries Saudi Arabia (Dynamic Saudi Arabia), headquartered in Al-Khobar KSA, and Houston-headquartered Dynamic Industries International (Dynamic International), have been awarded a major offshore project under their long-term agreement with Saudi Aramco…
Gazprom Neft subsidiary, Gazpromneft Sakhalin, has acquired a license for the exploration, development and production of hydrocarbons at the Ayashsky block, on the continental shelf of the Sea of Okhotsk. Map of the Ayashsky block…
Java Offshore has gained a majority stake in Asian Geos Sdn Bhd, a specialist offshore geotechnical and geophysical service provider within the Asia Pacific market from both Gardline Geosciences and Helms Geomarine Sdn Bhd in a recent acquisition deal…
McDermott International announced a double win in the Middle East today (25 January), including a contract for the largest offshore oil field in the world. Its first “substantial contract,” from Saudi Aramco, is for engineering, procurement…
Global science-based technology company, 3M has completed a global oil and gas industry first by deploying its Ceramic Sand Screens using a light well intervention vessel instead of a full rig. The North Sea contract was the first time…
Norwegian geoscience firm Spectrum has made an offer to acquire fellow Norwegian outfit MultiClient Geophysical for US$13.94 million (NOK 116 million). The offer trumps an earlier offer made by UK-based geoscience firm Geoex by about…
Nido Petroleum is set to drill its Galoc-7/7ST appraisal well in Block C1 SC 14 offshore the Philippines, starting in March. The firm has agreed a one-well drilling contract for the Odfjell Drilling operated ultra deepwater drillship Deepsea Metro I for the work…
Ulstein Verft has signed a contract to build a DP2 (dynamic positioning) construction support vessel (CSV) for the Netherlands based Acta Marine. The vessel is primarily aimed at the offshore wind market and carries the SX195 design from Ulstein Design & Solutions…
Spectrum has commenced a 6000km Multi-Client 2D survey offshore Brazil in the Potiguar Basin. The acquisition program is an extension of Spectrum's 2013 Potiguar Phase 1 survey. Spectrum's Equatorial Margin database offshore Brazil, currently totals more than 110…
After jackup vessel Seajacks Scylla’s first successful assignment on phase 1 of the Veja Mate Offshore Windpark project, the vessel upgraded its mooring system at the Rotterdam Offshore Group (ROG) terminal in the Waalhaven. ROG worked…
EnerQuip, designer and manufacture of torque machines and associated products, has opened a new facility in Houston following a growing demand for its products and services. The company has invested US$1 million in this facility, EnerQuip Torque Solutions Inc…
The Bureau of Safety and Environmental Enforcement (BSEE) and US Coast Guard (USCG) signed four revised memorandums of agreement (MOAs) this week in order to improve regulatory collaboration related to the energy industry on the US Outer Continental Shelf (OCS)…