Norwegian industrial tech group Nekkar has via its subsidiary Intellilift formed a joint venture (JV), with a subsidiary of the offshore drilling giant Transocean. The name of the joint venture firm is Inteliwell.The purpose of the joint venture…
Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday.The projection comes shortly after a second floating production…
Royal Dutch Shell set itself tougher emissions-cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.The oil major said it would cut absolute emissions from its operations and the electricity it uses…
Danish offshore drilling firm Maersk Drilling has completed the sale of its Maersk Inspirer combined drilling and production unit to Havila Sirius for $373 million.The unit has been deployed at Repsol's Yme oil field in the North Sea and has recently started producing oil…
TotalEnergies' earnings rose sharply in third quarter, the French energy group said on Thursday, as it reaped the rewards of surging power prices and predicted gas prices would remain high in Europe and Asia though next spring.The company's third-quarter adjusted net profit soared to $4…
Finland-based marine equipment and technology provider Wärtsilä will upgrade Siem Offshore's platform supply vessel ‘Siem Pride’ for hybrid engine and battery propulsion. The upgrade will enable the vessel to reduce the number of engines in…
Oilfield services companies TechnipFMC and Saipem have entered into a commercial agreement to jointly pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects.The companies said they target SURF project where the combination of the companies’ complementary 'world-class assets…
Dublin, Ireland based floating wind platform company Gazelle Wind Power announced its entry into the U.S. offshore wind energy marketplace with the opening of its first U.S. office in Austin, Texas.“The addition of this U.S. office is a significant…
The design and construction of offshore oil and gas platforms are both complex and unique, requiring incredible precision and close collaboration between all parties. For this reason, 3D models play an important role in the lifecycle of offshore oil platforms…
As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Governments, investors, financial markets, society, along with other stakeholders are pushing for change. Companies…
Subsea services firm Reach Subsea has awarded a contract extension for Havila Shipping's Havila Subsea IMR, survey, and construction vessel.The contract is for a fixed period of two years and three months starting October 1, 2021, ending December 31…
U.S. oil producer Hess Corp on Wednesday reported a better-than-expected quarterly profit, as soaring prices for crude and gas cushioned the hit from lower production.Shale producers in the United States are poised to deliver their strongest…
Japan-based oil and gas firm Inpex has said it has sold its stake in an offshore block in D. R. Congo, from which it produced oil since 1975. An expected significant decline in production is the reason for the sale, Inpex said.Inpex has sold its shares in Teikoku Oil (D…
The Biden administration has announced ambitious plans to scale up leasing for offshore wind energy projects along the Atlantic, Gulf, and Pacific coasts. In an announcement released on Oct. 13, 2021, the U.S. Department of the Interior stated…
OOS Group, a Dutch-based offshore services company, known to Offshore Engineer readers for its semi-submersible heavy lift crane and accommodation vessels, has developed a semi-submersible mussel farm (SMF) to grow mussels in the North Sea. The SMF will also feature solar panels…