The U.S. engineering and automation conglomerate Honeywell International said that it has been chosen to design and deliver an integrated control and safety system (ICSS) to remotely support BP’s Cassia compression platform located offshore Trinidad and Tobago…
US offshore transmission developer Anbaric has applied to the Bureau of Ocean Energy Management (BOEM) to develop a 16GW grid off the north-eastern coast to connect the region's planned offshore wind projects.Named as the Southern New England OceanGrid…
Ireland-based energy company Electricity Supply Board (ESB) and Norwegian energy company Equinor plan to jointly develop offshore wind sites and enter them into the country's renewable energy auctions from the mid-2020s.The partnership will…
The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, despite massive cuts in investment.According to Rystad Energy, most of this growth coming from deep water projects.“2020 is expected to be another record year with average production above 1…
Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…
SBM Offshore announced on Friday it has completed the purchase of Constellation’s equity ownership in the lease and operating companies related to five Brazilian floating production, storage and offloading units (FPSO).The Netherlands based…
Takeover offers for the assets and activities of French offshore services company Bourbon will be reviewed by the Marseilles Commercial Court next month, Bourbon said in a a company update.Four candidates have submitted an offer concerning assets…
Marine seismic company Polarcus said it has been awarded an XArray marine seismic acquisition project in Malaysia commencing late December 2019 with a duration of approximately four months.Following this award, the Polarcus core fleet is fully booked to early second quarter 2020, the company said.
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.Bidders in the first round, which ended on Nov…
Revolutionary technology proven to operate successfully in 3,000-hour shallow-water testSwiss-Swedish multinational electrical engineering and global power systems technology specialist ABB has announced the commercial availability of its groundbreaking…
Norwegian energy company Equinor has awarded a NOK 65 million ($7.1 million) contract to IKM's testing and inspection arm for the mega Johan Sverdrup Phase 2 project offshore Norway.IKM Testing said it will perform nitrogen helium leak testing…
Neptune Energy said on Friday there was only a 'remote' possibility it would launch an initial public offering next year, as the group was focused for now on exploration and bringing projects to production.Chief Executive Jim House also said…
InfraStrata, the parent company of Belfast shipyard Harland and Wolff, has entered into a memorandum of understanding (MoU) with Spanish shipbuilding company Navantia SA.Under the MoU, the companies plan to cooperate on offshore wind projects…
Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia…
A new recommended practice (RP) to standardize operator requirements for welding and inspection of subsea equipment has been published by DNV GL.DNVGL-RP-B204 “Welding of subsea production system equipment” provides harmonized operator requirements…