Deltic Energy has announced 'a material increase' in the estimated volume of gas as well as a 'significant increase' in the chance of success in relation to the Selene prospect in the Southern North Sea, off the UK coast. Drilling is expected in 2022…
The first of three offshore substations has been installed at the Moray East Offshore wind farm site in the UK, Moray Offshore Windfarm (East) Ltd said Monday.The 950MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…
Norwegian offshore vessel owner Solstad Offshore has secured more work for three of its offshore vessels in Australia, following a recently announced deal with BP.As previously reported, Solstad offshore earlier in August said BP would use two…
Power cable supplier NKT has said it has been awarded a turnkey contract of 'below' EUR 250m (around $294,5) by TenneT to deliver and install a high-voltage direct current XLPE power cable system for the BorWin5 offshore wind project in Northern Germany…
Subsea survey services and ROV provider Rovco has won a contract to carry out survey work on Erebus, a planned 96MW offshore floating wind farm 45 km off the coast of Pembrokeshire, in the southwest of Wales.Rovco said Monday that Blue Gem Wind…
Norwegian offshore installation contractor Ocean Installer has established a new business branch called 'developer of offshore wind,' and has appointed Olav Hetland as Director Offshore Wind Farms.Ocean Installer said the formation of the new…
German utility Uniper on Tuesday warned it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.'With the U.S. intensifying their efforts on targeted sanctions against…
Wellesley Petroleum has received approval from the Norwegian Petroleum Directorate to drill an exploration well in the Norwegian Sea.The well 6204/11-3 will be drilled using the Borgland Dolphin semi-submersible drilling rig. The rig, owned by Dolphin Drilling…
U.S. oil major ExxonMobil is set to begin drilling at the Kaieteur Block offshore Guyana, hoping to replicate successes made in the adjacent Stabroek block where it has made more than 16 discoveries.Westmount Energy, which indirectly owns a share in the Kaieteur Block…
U.K.-based Soil Machine Dynamics Limited (SMD) said it has won a multimillion-dollar contract to supply a medium-sized work class remotely operated underwater vehicle (ROV) to PTSC GEOS & SUBSEA SERVICES CO., LTD., (PTSC G&S), a subsidiary of Petrovietnam Technical Services Corporation (PTSC)…
Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group's CEO said on Monday.Aramco's capital…
A joint venture between Petrofac and the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services.The five-year contract…
Jack-up drilling rig specialist Borr Drilling announced Monday it has appointed former Schlumberger executive vice president Patrick Schorn as its new chief executive officer effective September 8.Schorn, who has been a director at Borr Drilling since January 2018…
State oil giant Saudi Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter.But the company stuck with plans to pay $75…
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and…