Technology group Wärtsilä said it will engineer, supply and install complete battery hybrid packages to two offshore supply vessels (OSV) owned by Norwegian-based operator Atlantic Offshore. The 746 kWh battery hybrid systems will be installed…
Italian oil major Eni is committed to the exploration of Cyprus' Exclusive Economic Zone and its contractual engagements with the country, its chief executive said on Friday.Turkey said last week it had sent an oil-and-gas drilling ship to waters…
BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by the end of 2019, a year ahead of schedule.In a statement, London-based BP said it expects…
Denmark is assessing whether to go ahead with an already announced tender for new oil and gas exploration in the Danish North Sea after setting itself one of the most ambitious climate targets in the world.The new Social Democratic government…
Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, has spudded the first of its new deepwater wells off the coast of Ghana.After targeting Afina-1x, the Stena Forth drillship will move to drill Oak-1x. The…
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…
A new method for manufacturing large power umbilicals can shave off 15% to 20% of manufacturing time by minimizing the number of electrical cable splices required.Power umbilicals can be 10 inches in diameter and up to 60 miles long and take up a lot of space prior to installation…
Windhoist UK, the wind turbine erection company, have now successfully completed all Pre-assembly operations at Hornsea 1, the world’s largest offshore wind power plant to date, comprising of 174 x Siemens Gamesa SWT-7.0-154 offshore wind turbines…
French floating foundations specialist Ideol and Taisei Corp have signed a Memorandum of Understanding (MoU) for joint development and promotion of concrete foundations for floating offshore wind in Japan using Ideol’s Damping Pool technology…
Singapore-listed operator of offshore support vessels PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679…
Fance's Total SA, the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for November 6 of the so-called Transfer of Rights area in Brazil's pre-salt region.The company's chief executive officer…
Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions.The most heavily sought after…
Fugro said it has completed several deepwater geophysical surveys in the Gulf of Mexico for Shell.The project required data collection over multiple deepwater lease blocks in the greater Perdido and Mars development areas to support clearance of potential environmental…
Tekmar Group, a provider of subsea protection systems technologies, said it has signed a sale and purchase agreement for the acquisition of subsea concrete mattresses provider Pipeshield International from its founder Steven Howlett. The deal…
Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find.Minister…