Australia’s federal government has released its 2023 Budget, with the offshore industry saying it listened to industry concerns.Australian Petroleum Production & Exploration Association (APPEA) Chief Executive Samantha McCulloch said the new…
The Baltic Offshore Wind Forum was held in Berlin, Germany on May 9 as part of a bid to advance sustainable energy and energy security in the Baltic Sea region.Foreign Ministers and high-level representatives of Member States of the Council of the Baltic Sea States (CBSS)…
ABS has signed an MoU with Korean industry leaders to produce a feasibility study for a near-shore floating platform for green hydrogen production and liquefaction.The partners include the Korea Institute of Energy Technology; HD Korea Shipbuilding and Offshore Engineering…
Dutch offshore equipment supplier SMST has been awarded a contract by Damen Shipyards to deliver two sets of mission equipment for the two newbuild Elevation Series CSOVs for Windcat Offshore. SMST will deliver a gangway combined with access…
The UK wants to become a 'world leader in carbon capture and storage,' and the government on Tuesday said it would facilitate the creation of a 'treasure map' which will quantify for investors how much carbon capture and storage could be possible under the country's seabed…
Partners in Danish carbon capture and storage Project Greensand have developed technology for frequent seismic monitoring of CO2 stored in the Nini West field in the Danish North Sea.'Frequent seismic monitoring is essential for safe and permanent storage of CO2…
NKT, a company specializing in making and installing power cables, has appointed Claes Westerlind as President and CEO.'Claes has extensive experience from the power cable industry and in-depth knowledge of NKT’s high-voltage business, markets and technology…
Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows. The oil…
Malaysian offshore drilling rig contractor Velesto Drilling has received three notices of assignments related to a drilling contract award with Petronas first announced in March.The contract is for providing three jack-up drilling rigs, the Naga 3…
Saudi oil giant Aramco posted a first-quarter net profit of 119.54 billion riyals ($31.88 billion) on Tuesday, a fall of about 19% from the previous year.It said the drop was mainly driven by lower crude prices, although partially offset by…
Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels.'The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality…
U.S.-based offshore vessel owner Harvey Gulf International Marine has said that Philip Luongo, a New York native and graduate of the United States Merchant Marine Academy, has joined the company. After graduating Kings Point, Luongo upgraded his Unlimited U…
Brazilian oil company Petro Rio said Tuesday it had found evidence of oil in the Maracanã prospect (3-PRIO-1-RJS well), which is located 6km southwest of Valente FPSO (ex-Frade FPSO).The primary target (Eocene sandstone), presented a column of 36 meters of oil…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
Suriname's state-owned oil company Staatsolie said on Monday it has signed production sharing contracts for two offshore blocks with France's TotalEnergies and Qatar's QatarEnergy. Under the joint operating agreements signed with TotalEnergies and QatarEnergy for blocks 6 and 8…