Wärtsilä announced on Monday it has won a contract to supply 40 generating sets for 12 new liquefied natural gas (LNG) fueled platform supply vessels (PSV), the first such vessels to be built for a Chinese owner. The vessels are being built…
Seabed deformation monitoring is moving into new realms of capability, as self-calibration, autonomous deployment and data collection open up new possibilities for extending the life of oil fields. Shaun Dunn, Sonardyne’s Global Business Manager…
Norwegian oil company Equinor announced Monday it has acquired an additional 22.45% stake in the deepwater Caesar Tonga oilfield in the U.S. Gulf of Mexico from Shell for $965 million in cash.The Andarko-operated Caesar Tonga field is located in 1…
British oil and gas company Hurricane Energy started up its Lancaster field west of Scotland's Shetland Islands, it said on Monday, pushing its shares up 6 percent to a seven-week high.Hurricane specializes in recovering oil from fractures in…
As oil prices continue to stabilize, operators are looking for the most efficient drilling and intervention methods to keep their downturn inspired cost savings in place.Jack-up rigs have long been known as the cheaper alternative to their floating cousins…
The Massachusetts Energy Facilities Siting Board (EFSB) has approved petitions filed by Vineyard Wind for construction and operation of electric transmission facilities within the Commonwealth that will deliver electricity generated at the 800MW…
UK-based Tower Resources said drilling of a new well at the Thali block in Cameroon had been delayed until July.In a stock exchange announcement, the company said that it had received additional data that indicated that further site preparation work would be required before a rig was moved to site…
Switzerland-headquartered geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry…
Irish-domiciled multinational oil and natural gas service company Weatherford International has entered into an agreement with its top creditors that will allow the company to file for a 'prepackaged' Chapter 11 bankruptcy - after more than four years without making a profit…
Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.Esso Exploration and Production Guyana Limited (EEPGL)…
Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), has snagged a contract to build two offshore wind farm substations worth more than S$150 million for Danish renewable energy company Orsted.The contract comprises detailed engineering…
The oil exploration and development company focusing petroleum resources, Aker BP has failed to find hydrocarbons after drilling a wildcat well in the North Sea offshore Norway.The Norwegian Petroleum Directorate (NPD) said that the Norwegian…
Swedish company SeaTwirl has had a patent approved in China for a divisible wind turbine.The patent protects an important innovation in the market that accounts for the most expansion of wind power in the world, said the company which designs…
Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday.Production at the field was shut…
Italian supermajor Eni said it has found gas and condensate in the first exploration well drilled in CTP-Block 4, approximately 50 kilometers off the Ghana coast.The well was drilled on the Akoma exploration prospect and proved an estimated…