Cable supplier Prysmian completes final high-voltage direct current (HVDC) test for 700MW submarine interconnector CobraCable line between Denmark and the Netherlands.The announcement takes place during the COBRAcable link’s official inauguration event…
MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8…
US-based offshore support vessel (OSV) provider Seacor Marine has decided to sell its North Sea emergency response and rescue vessel business to North Star in a move to cut costs and generate cash to support its core business.Under the terms agreed…
The offshore drilling contractor, Borr Drilling has been awarded three new contracts and two extensions for its rig fleet, adding about $155 million to its backlog.The new contracts comprising two newbuilds, one warm stacked rig and extensions of two active rigs…
A first-of-a-kind commercially-ready offshore wave power generation device is soon to be completed thanks to the experts from Finnish-based wave energy technology developer AW-Energy. The team has deployed its WaveRoller device offshore at Peniche…
German utility RWE Renewables has opened its first Asian office in Tokyo, Japan and planning to invest in Japan’s offshore wind power (OWP) projectsLed by the Japanese Country Manager, the new Tokyo office will support RWE’s aim to expand its renewables business to Japan…
Floating offshore wind technology company Ideol and offshore wind farm developer and operator Elicio have joined forces to co-develop floating wind projects in Scottish waters and are preparing to bid for a site to develop at the upcoming ScotWind leasing round…
The Offshore Renewable Energy (ORE) Catapult launched a new multimillion dollar national Floating Offshore Wind Center of Excellence to drive forward the development of next generation offshore wind technologies.The initiative is backed by up to £500…
A new DNV GL recommended practice (RP) aims to help the oil and gas sector to deliver more cost-efficient and environmentally friendly subsea processing for improved hydrocarbons recovery. DNVGL-RP-F303 Subsea pumping systems provides a comprehensive…
Norwegian energy company Equinor today, on behalf of the Gullfaks and Snorre partners, signed contracts totaling around NOK 3.3 billion ($358.6 million) for the Hywind Tampen wind farm development.The contracts have been awarded to Kværner AS…
International exploration & production (E&P) are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.Rystad Energy has evaluated all offshore oil fields sanctioned…
On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others…
Baker Hughes Co reported a rise in quarterly adjusted profit on Wednesday, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.The company's results contrasted with…
Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers…
On 28 October 2019 oil giant BP announced a major gas discovery, Orca-1, exploration well in the BirAllah area off the coast of Mauritania.“The deepest and largest discovery so far this year, Rystad Energy estimates Orca-1 holds around 1.3 billion…