TechnipFMC announced Tuesday it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited to supply the subsea production system for the Uaru project offshore Guyana.The award covers 44 subsea trees and associated tooling…
As the world continues to scramble for renewable energy, floating offshore wind has emerged as a key capacity enabler in the coming decades. With no major commercial scale projects currently in operations, the segment is largely based on governments…
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale…
A lesser-known offshore rig owning firm recently secured a long-term deal for a drillship that has been stacked since 2017, in yet another proof that the offshore drilling industry is back.The offshore drilling industry is back.After several years of downturn and uncertainty…
Specialist Marine Consultants (SMC) has won a with RWE to deliver Offshore Resources and Services for the duration of the Sofia offshore wind farm's offshore construction, starting in 2023.The work scope includes a range of services, including…
The Kremlin on Tuesday called for the investigation into the blasts of Russia-designed Nord Stream gas pipelines to be speeded up and any results to be published. In September 2022, several unexplained underwater explosions ruptured the Nord…
Robotic systems firm Sarcos and subsea robotic systems developer VideoRay have signed an agreement to offer integrated underwater robotic systems combining VideoRay remotely operated vehicles (ROVs) with the Sarcos Guardian Sea Class robotic system including its dexterous arms…
Offshore installation firm Seajacks UK Limited, a subsidiary of Eneti, has won a contract with an undisclosed customer in northwest Europe, Eneti said Tuesday.The contract starts in the fourth quarter of 2023, and is for between 90 and 145 days…
Subsea services company Reach Subsea said Tuesday it had secured a five-month contract with an unnamed 'major renewable energy company,' for delivery of offshore wind-related services.The subsea vessel Deep Cygnus will be utilized on the project…
BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…
Malaysia-based FPSO supplier Yinson Production has ordered a submerged turbine solution from Framo, for regenerating energy from the waste cooling water flowing from offshore installations.Framo said Yinson was the first to opt for its technology…
Kongsberg Digital said Tuesday it had 'significantly' increased its investment in FutureOn, a Norwegian software company that provides cloud-based digital transformation tools for the offshore energy industry.'The value propositions of FutureOn and Kongsberg Digital are highly complementary…
Oil company LLOG Exploration Offshore has awarded a subsea installation contract to Subsea 7 as part of its Salamanca development project in the U.S. Gulf of Mexico.The Salamanca development project includes the Leon and Castile offshore oil fields…
Offshore drilling contractor ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer.Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of…
Oilfield services firm SLB, Rockwell Automation, Sensia, and Cognite on Monday announced a collaboration that they say will 'accelerate the evolution' of the offshore industry’s floating production storage and offloading (FPSO) facilities. According to a press statement issued by SLB…