Industry News


North Star's Grampian Derwent SOV Set to Assist with Construction and Commissioning at Dogger Bank Wind Farm

Jul 07, 2023

UK-based offshore vessel firm North Star said Friday its second hybrid-propulsion service operation vessel (SOVs) was set to be mobilized three months earlier than planned to support SSE Renewables with a new scope of work at the Dogger Bank Wind Farm…

Petrobras Partners with SLB to Drive Efficiency and Accelerate Decision Making with Cloud-Based Technology

Jul 06, 2023

Oilfield services giant SLB, previously known as Schlumberger, said Thursday it had won a five-year contract with the Brazilian oil company Petrobras for an enterprise-wide deployment of its Delfi digital platform. The contract scope covers Petrobras’ digital transformation from exploration…

French Court Rejects Case Seeking Halt to TotalEnergies' New Oil and Gas Projects

Jul 06, 2023

A French court on Thursday declined to consider a case brought by a coalition of environmental groups and local authorities which was seeking an immediate halt to new oil and gas projects by TotalEnergies.The coalition launched legal action…

Tackle Demand, Not Supply, to Cut Emissions, Oil Bosses Say

Jul 06, 2023

The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.Some western governments…

SeaTwirl Secures First Order for Vertical-Axis Floating Wind Turbine

Jul 06, 2023

SeaTwirl, a Swedish company developing vertical-axis floating wind turbines, said Wednesday it had received its first commercial revenues.'The purchase order applies to a bid for a new wind turbine application in the North Sea,' SeaTwirl said…

Bernhard Schulte Offshore Orders Two Ulstein CSOVs

Jul 06, 2023

Germany-based Bernhard Schulte Offshore has awarded Norway's Ulstein Verft a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) of the ULSTEIN SX222 design. The contract includes options for four additional vessels…

McDermott Wins Shell Contract for Offshore Transportation and Installation Project in Malaysia

Jul 06, 2023

Offshore installation services firm McDermott has won a contract for an offshore transportation and installation project with Shell in Malaysia.The pipelay and heavy lift project offshore Sarawak in East Malaysia, awarded by Sarawak Shell Berhad (SSB)…

Remembering Piper Alpha: 35th Anniversary of Offshore Oil Disaster that Claimed 167 Lives

Jul 06, 2023

Thirty-five 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 number of lives lost…

Oil Industry Should Set Carbon Targets at COP28 -TotalEnergies CEO

Jul 06, 2023

The world's oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the upcoming COP28 global climate conference, the CEO of France's TotalEnergies Patrick Pouyanne said on Wednesday.'If we can bring something to COP28 as an oil and gas industry…

Iberdrola's First French Offshore Wind Farm Begins Supplying Electricity to the Grid

Jul 06, 2023

Spanish renewable energy company said Thursday that its first French offshore wind farm has officially started supplying electricity to the grid.Electricity from the Saint-Brieuc offshore wind farm has started feeding into the grid in Brittany for the first time…

Denmark Launches Tender for North Sea Oil and Gas Concession

Jul 06, 2023

The Danish Energy Agency has launched a tender for the exploration and production of oil and gas at a new concession in the North Sea, it said in a statement on Thursday. The agency initiated the tender process following an unsolicited application…

Asso.subsea Partners with Nexans for Subsea Cable Project in Germany

Jul 06, 2023

Asso.subsea, a subsea cable services company, has signed a contract with the major subsea cable maker Nexans for the transportation, installation, and protection of the nearshore section for the 320 kV DC connection that will transmit up to 980 MW of electricity from the BorWin cluster in Germany…

HAV Group to Design Methanol-Fueled Offshore Wind Service Vessel for ESVAGT

Jul 06, 2023

Norway's HAV Group said Wednesday its ship design business had been selected to develop another methanol-fuelled offshore wind service operation vessel (SOV) for ESVAGT.  'To secure repeat ship design business from a leading SOV operator is a proud moment for us…

Exxon Signals Profit Drop

Jul 05, 2023

Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing.Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier…

Valaris Lands $150 Million in Offshore Drilling Contracts and Extensions

Jul 05, 2023

Offshore drilling contractor Valaris said Wednesday it had recently secured offshore drilling rig contract wins and extensions worth about $150 million in total, the figure which does not include lump sum payments like mobilization fees and capital reimbursements…

Current News

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