Chevron Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs, saying bringing down fuel prices will require 'a change in approach' by the government.The White House asked the…
Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname.APA has a 50% working interest in Block 58 where the oil discovery was made…
Jaia Robotics, an aquatic robotics company specializing in the development of micro-sized, high-speed, autonomous underwater vehicles (AUVs) said it raised more than $1 million in seed funding.Jaia Robotics was founded in 2020 by Ian Estaphan Owen…
Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022…
Engineering firm Wood announced Tuesday that it has appointed Ken Gilmartin as chief executive officer (CEO), effective from July 1, 2022.Gilmartin will succeed Robin Watson, who announced his intention to retire in April 2022. Watson will step down from the board effective July 1…
Vår Energi ASA, the largest independent exploration and production company on the Norwegian continental shelf, on Tuesday announced a new organizational structure and management team.CEO Torger Rød said, 'Vår Energi has set a goal to become a net producer of 350…
Well-Safe Solutions were contracted by Ithaca Energy to plug and abandon (P&A) six wells on the Anglia platform in the Southern North Sea, approximately 55km from the UK mainland. For the project Well-Safe will provide project management, well engineering and all managed delivery services…
James Fisher and Sons plc and Graig Shipping PLC unveiled a new service operation vessel (SOV) design concept, the Ulstein Twin X-Stern named ULSTEIN SX221 Diamond SOV to support the UK’s target of 50GW of offshore wind energy generation by 2030…
Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…
Peterson and Coast Renewable Services have formed a joint venture company to provide integrated services to the offshore wind sector. The new company, Coast Offshore, will be led by Michael Leitch as Managing Director.In addition to marine management…
U.K.-based offshore services firm Briggs Marine said it has secured a contract to deliver crew transfer vessel (CTV) services to the Neart na Gaoithe (NnG) offshore wind farm, currently under construction 15 kilometers off the Fife coast. The project is jointly owned by EDF Renewables UK and ESB…
Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday, giving no details of what weapons were used.Three people were wounded and a search…
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations…
As the demand for floating production systems grows, so too will the need for modern offshore support vessel (OSV) tonnage.Related: Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.Petroleo Brasileiro SA…