Corvus Energy, energy storage solutions provider for the offshore energy industry has been selected by National Oilwell Varco (NOV) to supply the Energy Storage System (ESS) to be used on an offshore drilling rig.Corvus will deliver its ESS…
Offshore engineering and maintenance solutions provider Sparrows Group has said it has won a five-year contract with a major UK Continental Shelf operator to provide inspection services across all its assets in the region.The company, which didn't reveal the identity of the client said…
Iran's oil exports averaged 600,000 to 700,000 barrels per day (bpd) since March despite U.S. sanctions on its energy industry, an Iranian official said on Wednesday, far exceeding estimates by agencies monitoring the country's crude sales.One…
Danish offshore drilling firm Maersk Drilling has secured a drilling contract for its Maersk Viking drillship with Shell in Brunei.Brunei Shell Petroleum Company will use the 227 meters long 7th generation drilling rig to drill one deepwater exploration well offshore Brunei Darussalam…
Norwegian energy firm Equinor has awarded Norsea Group, Saga Fjordbase, and ASCO Norge contracts for services at supply bases in Norway. The contracts are awarded on behalf of Equinor operated licenses on the Norwegian continental shelf.Peggy Krantz-Underland…
Italian oil giant Eni and the Norwegian energy investment firm HitecVision have announced today the establishment of a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market…
Australia's Woodside [Energy] has changed tack on plans to sell assets to help fund its $11 billion Scarborough gas project, now targeting infrastructure investors instead of energy companies amid a slump in oil and gas prices.Woodside said…
Penguin Shipyard in Singapore is building a 27-meter catamaran wind farm service vessel for Farra Marine, the Irish operator's first. Construction commenced in September, and the vessel, named Farra Orla, is expected to be delivered in the second quarter of 2021…
A new notation and new guidance launched by ABS amid the COVID-19 pandemic aims to help marine and offshore operators reduce transmission of disease, the classification society said Tuesday.The ABS Guide for Mitigation of Infectious Disease…
Chrysaor, a UK-North Sea focused oil and gas company, has tendered a license application for the purpose of storing CO2, and will, in parallel, seek agreement for a storage lease with The Crown Estate for the storage of CO2 in a depleted Southern North Sea gas reservoir…
Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday.Brent…
Norwegian oil firm Equinor has awarded the three largest oilfield services firms, Baker Hughes, Halliburton, and Schlumberger, contracts for drilling and well services on its Bacalhau field in Brazil.The total value of the three contracts is estimated at $455 million…
World Energy Reports' Phillip Lewis discusses recent developments driving global offshore wind markets, including booming activity in the U.S., plans for new, larger installation vessels and advances in floating turbine technology.
Dutch offshore installation firm Heerema Marine Contractors has said that its heavy lift vessel Aegir has completed the installation of North Oil Company’s Al-Shaheen Gallaf 1 Project.Heerema was contracted for the transportation and installation…
Offshore engineering and construction firm McDermott has won a contract to provide front end engineering and design (FEED) services for the INPEX-operated Ichthys Liquified Natural Gas Field Development, off Australia.The contract is for a booster compression module FEED with optional engineering…