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TDI-Brooks Puts New CPT System to Use

Mar 01, 2022

Marine data acquisition services company TDI-Brooks said it has conducted two projects with its new Neptune 5000 (N5K) cone penetration testing (CPT) System delivered from Datem in 2021.The first program was conducted in October for an offshore wind farm project on the U…

TerraSond Expands in Massachusetts to Support Vineyard Wind 1

Mar 01, 2022

TerraSond announced plans to invest in a new base in Massachusetts as part of its commitment to support the Vineyard Wind 1 project and wider US offshore wind developments. The company, which already has facilities in Alaska and Texas, has been…

ExxonMobil Starts Removing US Employees from Russia

Mar 01, 2022

Exxon Mobil has begun removing U.S. employees working in Russia, according to a person familiar with the matter. The departures include staff from its large oil and gas production operations on Sakhalin Island in Russia's Far East.Exxon last year employed more than 1…

Neptune Energy Targets 2030 to Store More Carbon Than It Emits

Mar 01, 2022

With increasing pressure on the oil and gas industry to cut its emissions footprint, Neptune Energy said it aims to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.According to the company…

"CTO in Focus" - Gareth Davies, Baker Hughes

Mar 01, 2022

New for 2022 is Offshore Engineer's 'CTO in Focus' which aims to gain insights from the C-Suite and the R&D lab of industry majors on the trends driving offshore energy production. Leading off is Gareth Davies, executive director of strategy…

Nord Stream 2 Owner Mulls Insolvency in Wake of Pipeline Halt, Sanctions, Say Sources

Mar 01, 2022

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it…

Inside Trade: From Energy to Food, China-Russia Trade has Surged in Recent Years

Mar 01, 2022

China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine…

Putting Power on the Seafloor is a Fuel Cell Future

Mar 01, 2022

Two outfits, one in Germany and one in the US, are chasing a goal of supplying long-term subsea power in remote locations, via fuel cells, to users including oceanographic observatories to underwater vehicles. Elaine Maslin takes a look.Long…

TotalEnergies Cuts Funding for New Projects in Russia

Mar 01, 2022

TotalEnergies condemned what it called Moscow's military aggression in Ukraine but stopped short of following rivals such as Shell and BP, which have said they will exit positions in resource-rich Russia.The French oil major, which holds a 19…

Offshore Energy: Are Decommissioning Costs set to Spiral?

Mar 01, 2022

As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade…

Shell to Pull the Plug on Gazprom Equity Partnerships

Feb 28, 2022

In the latest corporate backlash to Russia's invasion of Ukraine, the Board of Shell plc said it intends to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility…

Steady Lifting for Offshore Wind

Feb 28, 2022

Offshore wind in the United States is moving forward at pace, thanks in large part to a number of positive developments for the newly emerging industry over the last year or so. For one, the Biden administration at the start of 2021 revealed…

Kosmos to Spend $400M on Ghana, GoM, E. Guinea Assets and $300M on Senegal/Mauritania Projects

Feb 28, 2022

Oil and gas company Kosmos expects to spend approximately $700 million in capital expenditures in 2022.The company will spend around $400 million of the budget in relation to its base business in Ghana, Equatorial Guinea, and Gulf of Mexico…

Germany to Speed Renewables Push Due to Ukraine Crisis

Feb 28, 2022

Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas.Cutting back on Russian gas has been tricky for Europe's largest…

AD Ports Buys Divetech Marine Engineering Services

Feb 28, 2022

AD Ports Group today announced that it has acquired Divetech Marine Engineering Services, a UAE-based topside-subsea solutions provider that offers a range of services including installation, inspection, repair, and maintenance for ports and other maritime organizations…

Current News

Bloomberg News Reports Shell is Looking for a Buyer for Brazilian Oilfield Cluster

Shell is in advanced discussions to buy LLOG Exploration, say sources. The deal will cost more than $3 billion.

ESG Completes Service Operation Vessel Conversion for HOS

Orbital Marine Power Secures $9.31m Investment

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