Russia's natural resources and environment minister said on Wednesday he supported allowing private oil and gas companies to work on the Arctic shelf.Speaking to reporters at an economic forum in the far eastern Russian city of Vladivostok, the minister…
Abbu Dhabi National Oil Co (ADNOC) said on Wednesday it signed a $600 million pipeline infrastructure investment agreement with Singapore's sovereign wealth fund GIC.The deal follows previous investments by BlackRock, KKR and the Abu Dhabi Retirement…
Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.This year's round comprised 48 blocks in the Arctic Barents Sea…
National Oilwell Varco (NOV) said that it was awarded a contract to design and build equipment for one of the world's largest offshore wind turbine installation vessels. Financial details were not disclosed.According to a press release, NOV…
Ørsted has officially opened the Hornsea Two Offshore Construction Base (HTOCB) for its 1400MW Hornsea 2 project at Humberside Airport in Lincolnshire.The building, formerly a police station at the airport, will now house around 30 Ørsted employees…
National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.APL, part of NOV's Completion & Production Solutions segment…
The final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Rystad Energy…
Texas-based oil and natural gas producer W&T Offshore has closed the previously-announced purchase of ExxonMobil interests in and operator-ship of oil and gas producing properties.The properties includes those in the eastern region of the Gulf of Mexico…
Probe, a major player in cased hole well logging and reservoir monitoring technology, has announced the launch of the ProMAC, a new series of multi-arm caliper tools.ProMAC series tools offer the most advanced measurements in the industry to…
Fred. Olsen has been working on a wave energy design called BOLT. It’s based on a floating platform attached to the seabed via moorings that are in turn attached to a specialized winch line product, which wind in and out of winches (one to three…
Oil and gas explorer Carnarvon Petroleum Ltd said on Wednesday that drilling results from the Dorado-3 appraisal well in Western Australia confirmed oil and gas reserves.The wireline logging well has successfully confirmed a hydrocarbon bearing reservoir within the Caley…
Late last week, a large Equinor spending allotment passed under the radar of many a news stream: the Norwegian offshore operator was given a $230 million grant by largest shareholder, Oslo, to pursue wind projects, or at least one in particular…
A new work class remotely operated underwater vehicle from SMD introduces electric drive technology to the subsea sector in a modular packageThe new Quantum EV ROV prototype, showcased at Offshore Europe in Aberdeen this week, is equipped with a new 25kW high power electric thrust system…
A new high-definition dual-imaging-while-drilling service from Schlumberger has been introduced to overcome geomechanics-related challenges and provide geological characterization in real time.The new service, TerraSphere, introduced at the…
The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy'It's a choice. It's democracy…