British oil major BP has signed an agreement with Bluware Corp, a digital innovation platform, to help it interpret large seismic data sets.Bluware, which describes itself as a platform that helps the oil and gas industry to accelerate digital transformation initiatives using deep learning…
Offshore wind turbine maker MHI Vestas Offshore Wind has signed a conditional agreement for the delivery of turbines comprising 1,140 MW for an offshore project in the UK, Vestas Wind Systems said Monday.MHI Vestas Offshore Wind, a joint venture…
Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…
Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…
EDF Renewables, Enbridge, and wpd have announced the launch of a EUR2 billion (USD 2,2 billion) offshore wind farm in France following the finalization of financing agreements between the consortium and its financial partners during the weekend…
Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…
Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…
Seadrill announced a writedown of $1.2 billion on the value of its oil drilling rigs on Tuesday and warned it may have to convert part of its $7.4 billion in debt into equity to survive.'Until such time that an agreement is reached to restructure our borrowing commitments…
A new 36-meter service accommodation transfer vessel (SATV) completed its sea trials program for owner Ventus Marine and charterer Siemens Gamesa Renewable Energy and has commenced operations and maintenance activities on the Formosa 1 offshore wind farm project in Taiwan…
Belgium’s high-voltage transmission system operator Elia has informed said that the connection of the Seastar offshore wind farm marked the completion of Elia’s offshore power hub Modular Offshore Grid (MOG), Located 40 km off the Belgian coast…
Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…
ONGC has moved 33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…
Engineering and marine consultancy LOC Group has appointed Steve Mason as DP Manager to LOC Houston.Mason joins LOC Houston from the offshore vessel company Hornbeck Offshore, where he was a Master for 8 years.'[Mason's] appointment will further…
Oil and gas company Neptune Energy has been given a regulatory consent to use the Deepsea Yantai drilling rig for production drilling at its Gjøa field, offshore Norway.According to the Petroleum Safety Authority Norway which gave the consent last week the drilling will take 240 days to complete…
Ashtead Technology's Underwater Cutting Solutions (UCS), an offshore contractor specializing in the cutting of submarine and topside pipelines, has named Richard Lind a new Operations Manager.Lind, who previously worked for Claxton Engineering…