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Equinor to Spud Egyptian Vulture Offshore Well in August

Jul 26, 2021

Norwegian energy firm Equinor is expected to spud the Egyptian Vulture exploration well in the Norwegian Sea in late August, using Seadrill's West Hercules semi-submersible drilling rig.This is according to Longboat Energy, Equinor's partner in the project…

North Star Renewables Names SOV Operations Director

Jul 26, 2021

Aberdeen-based offshore wind vessel firm North Star Renewables has named Steve Myers as SOV operations director.As part of this newly created role, Myers, who most recently worked for wind turbine maker Siemens Gamesa Renewables, will oversee…

VIDEO: Jack-up Unit Tilts Off China. Four Missing

Jul 26, 2021

Four people fell into the sea and went missing after an offshore construction unit tilted off the coast of Huzhou City, China, CGTN, a Chinese state-backed news website, said Monday.According to CGTN, there were 65 people on board when the incident took place…

Santos' New Well at Van Gogh Offshore Oil Field Hits Output Record

Jul 26, 2021

Australian oil and gas company Santos has started oil production from the Van Gogh Phase 2 Infill Development, offshore W. Australia, hitting a production record.Santos had announced a Final Investment Decision (FID) on the Van Gogh Infill Development Phase 2 Project in March 2020…

Seadrill in Deal with Lenders to Slash $5B of Debt, Get $350M in Financing

Jul 26, 2021

Offshore drilling firm Seadrill said Saturday it had entered into a plan support agreement with certain of its senior secured lenders, over a reorganization plan that will raise $350 million in new financing and reduce Seadrill's liabilities by over $4…

Ex-Marathon Oil Exec Joins Helix Energy Solutions

Jul 26, 2021

Houston-based offshore well intervention firm Helix Energy Solutions has appointed T. Mitch Little as a new member of the board of directors.Little, 58, served as Executive Vice President – Operations for Marathon Oil Corporation from August 2016 until his retirement in December 2020…

An Overview of the Work Class ROV Market

Jul 25, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

Dutch Gov't Grants Subsidy for Offshore Green Hydrogen Project

Jul 23, 2021

The Dutch government has this week awarded a 3.6 million euro subsidy to the PosHYdon project, dubbed the world’s first offshore green hydrogen pilot on a working platform. With this subsidy, the companies which are part of the PosHYdon, can start up all activities for this pilot…

"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Jul 23, 2021

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.Keppel…

Schlumberger Issues Bullish Forecast as 2Q Profit Beats Estimates

Jul 23, 2021

Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.Global crude prices…

Large Offshore Hydrogen Park in Germany Moves Step Closer

Jul 23, 2021

Norwegian energy firm Equinor, with its partners RWE, Shell, and Gasunie signed a declaration of intent to further intensify their collaboration on the AquaSector project -  which aims to build Germany's first large-scale offshore hydrogen park…

Kuwait Oil Company gets a new Oil Spill Recovery/Offshore Support Vessel

Jul 23, 2021

The 60m RAmpage 6000-ZM vessel Koc Al Zour, built by Uzmar Shipyard, will be the largest Robert Allan Ltd. design ever built in Turkey. She is designed and constructed as a modern double azimuth stern drive (ASD) and is the most capable multipurpose…

Ocean Winds, DISA Plan to Build Floating Wind Farms in Canary Islands

Jul 23, 2021

Offshore wind developer Ocean Winds and DISA Group, a renewable electricity generation firm in the Canary Islands, have teamed up to develop offshore wind farms in the Canary Islands.Ocean Winds, formed last year as a joint venture between EDP Renewables and Engie…

Van Oord to Install Cables, Foundations at Offshore Wind Farm in Germany

Jul 23, 2021

Spanish renewables giant Iberdrola has awarded Dutch offshore installation company Van Oord a contract for the offshore installation works at the Baltic Eagle offshore wind farm in Germany.Van Oord will transport and install the foundations at the Baltic Sea project and ensure the supply…

Sapura Energy Nets $284M in Offshore Contracts

Jul 23, 2021

Malaysia's offshore services firm Sapura Energy has won new contracts worth RM1.2 billion (around $284 million) in its Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling divisions.In Engineering & Construction…

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