Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…
TUV SUD, the provider of inspection and product certification services, has allocated a certificate to Esteyco for the floating foundation used for the 5MW Elisa self-installing telescopic offshore wind turbine in Spain.Offshore wind-turbine…
Aberdeen-headquartered drilling and engineering contractor KCA Deutag confirmed Wednesday that it has been awarded an extension to its existing contract with CNOOC for the Scott platform, which it operates in the UK North Sea.The contract extension…
Malaysia's offshore energy vessels and services provider Bumi Armada has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels.In a statement today, the offshore energy facilities and services…
Norwegian offshore support vessels provider Simon Møkster Shipping said that it has has signed a contract with the compatriot oil and gas company Equinor for a platform supply vessel (PSV) Stril Pioner.Equinor has hired the 2013-built Stril Pioner supply vessel on a four-month firm contract…
S.D. Standard Drilling (SDSD), a player in offshore supply and offshore drilling sector, is acquiring the Havyard 832 platform supply vessel (PSV) vessel Olympus through a wholly owned subsidiary Wanax AS.The PSV has been acquired for a total consideration of USD 8…
ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…
For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…
There is a quiet but confident sense of growing optimism about prospects for the oil and gas market. The industry is now a far cry from 2015’s oil price crash that led to widespread decommissioning and lay-offs. Whilst operators are still facing volatile markets…
Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy…
Ashtead Technology announced Wednesday it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions.According to Ashtead Technology, the combined business will offer clients in the Gulf of Mexico region a more robust and enhanced offering…
Shell announced Wednesday it has made a significant discovery at the deepwater Blacktip prospect in the Alaminos Canyon Block 380 in the U.S. Gulf of Mexico.The discovery is located in approximately 1,900 meters water depth in the Alaminos Canyon Block 380…
Upwing Energy, a technology firm in California, has developed a Magnetic Drive System (MDS) that aims to transform the century-old topology for electric submersible pumps (ESP).Upwing Energy is a spinoff of Calentix Technologies, a company in…
Royal Dutch Shell is in talks to buy BP's stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters.Shell, the field's operator, announced plans last year to expand a gas hub around Shearwater…
Italian energy group Eni stuck to its production growth targets for the year on Wednesday, as it reported profits for the first quarter coming in below market expectations.Adjusted net profit in the quarter rose 4 percent to 992 million euros ($1…