Offshore wind developer Vattenfall is partnering with manufacturer GE Renewable Energy on developing its 12MW Haliade-X turbine platform to aid bids at future offshore wind capacity auctions.With a capacity of 12MW, it is the largest offshore wind turbine on the market to date…
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean shipbuilder Samsung Heavy Industries (SHI).Further, the company will be claiming…
Italian multinational corporation Prysmian Group has secured a €200m contract to provide export cables for the 800MW Vineyard Wind project off the coast of Massachusetts in the US.Vineyard Windis a US offshore wind development company 50% owned…
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement…
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its Atlantis Turbine and Engineering Services (ATES) division will enter into a Technology…
Production at oilfields that feed into North Sea crude grade Flotta Gold has been shut down due to repairs on the main pipeline to the export terminal in Scotland, a spokesman for the terminal operator said.'We are carrying out repairs to a…
UK-based custom subsea umbilical and cable solutions provider Fibron revealed its new branding to the offshore market during the Offshore Technology Conference (OTC) in Houston last week.Managing Director, Bruno Cianfini, reiterated the company…
Electromagnetic Geoservices ASA (EMGS) announced Thursday it has entered into an agreement for a fully prefunded multiclient 3D controlled source electromagnetic (CSEM) survey in the Norwegian Barents Sea.The contract has a value of $1.25 million…
Russian oil company Lukoil said it has commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019.The field is operated…
Three leaders in the oil and gas industry’s decommissioning sector have teamed up to launch Fairfield Decom, a new company based in Aberdeen that will manage, integrate and execute end-to-end late life operations and decommissioning activities…
Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields.The company said it now expects output to reach 75,000 to 80…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on Thursday.The leakage consisted of 'small observations' of oil on the surface of the ocean…
US based seabed survey and ocean exploration company Ocean Infinity announced it will support Australian marine survey company Guardian Geomatics on an extensive hydrographic project for Shell.The project, which is planned to commence in June…
Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing…