Industry News


VIDEO: Well-Safe Solutions Installs Saturation Diving System on Well-Safe Guardian Rig

Apr 25, 2023

North Sea-focused well plugging and abandonment service provider Well-Safe Solutions has unveiled a D300 saturation diving system aboard its Well-Safe Guardian P&A rig.The custom-built dive spread, with capacity for up to 15 persons, enables…

Gazelle Says Its New Floating Wind Platform Reduces Costs and Environmental Impact

Apr 25, 2023

Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, is unveiling third-generation technology this week at a wind industry event in Denmark.The company said its enhanced design 'further refines Gazelle’s…

Shelf Drilling Lands $11M Offshore Drilling Rig Contract in Nigeria

Apr 25, 2023

Jack-up drilling rig contractor Shelf Drilling has secured a short-term contract for Adriatic I jack-up drilling rig for operations offshore Nigeria.The contract is for 90 days and has an estimated value of $11 million, excluding revenues for mobilization and demobilization…

Israel's Sovereign Wealth Fund Gets Full-time Manager

Apr 25, 2023

The Bank of Israel on Monday named Lena Krupalnik, a veteran institutional investment manager, to oversee the country's sovereign wealth fund which was set up in 2014 following the discovery of huge [offshore] natural gas deposits.After a four…

Van Oord Installs First Monopile at Baltic Eagle Offshore Wind Farm

Apr 25, 2023

Dutch offshore installation services company Van Oord has installed the first of 50 monopile foundations at Iberdrola's Baltic Eagle offshore wind farm in Germany.The installation strategy for the foundations is based on the feeder concept,…

Ecopetrol to Use Artificial Intelligence to Boost Oil Exploration Success Rates and Output

Apr 25, 2023

Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday.Roa…

Vestas to Supply 25 Offshore Wind Turbines for Wind Farm in Japan

Apr 25, 2023

Danish wind turbine maker Vestas said Tuesday it had won an order from Hibiki Wind Energy to supply offshore wind turbines for the Kitakyushu-Hibikinada offshore wind farm project in Japan.The offshore wind project is located offshore Kitakyushu city…

UK Court to Hear Greenpeace Challenge to Oil and Gas Licensing Round

Apr 24, 2023

Britain's High Court is expected to decide on Tuesday whether to grant Greenpeace permission to proceed with a challenge to the country's last oil and gas licensing round on climate grounds, the activist group said on Monday.Last year Britain…

UK's North Sea Transition Authority Could Become a Regulator for Offshore Hydrogen Transport, Storage

Apr 24, 2023

The UK government has opened a consultation on future regulatory arrangements for offshore hydrogen. The consultation is seeking views on proposals for a ‘first layer’ of arrangements for transport and storage. The consultation, proposes to…

Fugro's ROV Training Course Gets IMCA Approval

Apr 24, 2023

Fugro's remotely operated vehicle (ROV) introductory training course has received International Marine Contractors Association (IMCA) approval in what has been described as a 'world-first endorsement.'According to Fugro, the IMCA approval ensures…

Norway's Offshore Safety Regulator Issues Order to Saipem Over Regulatory Breaches on Scarabeo 8 Rig

Apr 24, 2023

The Norwegian offshore industry safety body, the Petroleum Safety Authority Norway (PSA), said Monday that it had identified serious breaches of regulations at Saipem's Scarabeo 8 semi-submersible drilling rig after an audit earlier this year…

Ulstein Says Its U-STERN to Offer a Safer, Smarter Installation of Large Offshore Wind Monopiles

Apr 24, 2023

Ship design company Ulstein Design & Solutions has designed an offshore wind installation vessel that it says is 'a safer, smarter, and more competitive ship design solution for transporting, upending and installing large monopiles on DP.'The patent-pending U-STERN design…

No Discounts on Guyanese Crude for India, Guyana VP Jagdeo Says

Apr 24, 2023

South America's fastest growing oil producer has turned down the Indian government's request for discounted crude oil purchases during trade discussions, Guyana Vice President Bharrat Jagdeo said on Thursday.Guyana's oil production in total has tripled from a year ago to about 380…

LionLink: UK, Netherlands Plan Cross-border Power Link to Boost Energy Security

Apr 24, 2023

The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security. The 'LionLink' interconnector will be able to transfer 1…

FACTBOX - Global Offshore Wind Tenders Including Floating Wind Technology

Apr 24, 2023

Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power.There are two main types of tender for traditional and floating wind projects…

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