Offshore Energy News


Global OWP Market to Grow 18% by 2023

May 29, 2019

Global offshore wind power market size will grow by over USD 17 billion during 2019-2023, at a CAGR close to 18%, said Technavio report.Due to rapid urbanization and industrialization across the world, there has been significant growth in the global demand for electricity…

i-Tech 7 to Support Aberdeen Students

May 28, 2019

Subsea 7’s Life of Field business unit i-Tech 7 has signed a partnership agreement with an Aberdeen school to help prepare pupils for working life.Teams from the company’s Greenwell Facility will work with Lochside Academy, based in Altens,…

Subsea 7's Seven Vega Launched

May 28, 2019

Shipbuilder Royal IHC has launched the fully integrated reel-lay vessel Seven Vega for subsea engineering, construction and services company Subsea 7.The ceremony took place at IHC’s shipyard in Krimpen aan den IJssel, The Netherlands, and was performed by Monica Th…

NPD Awards North Sea Drilling Permit to Equinor

May 28, 2019

The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for the exploration well 16/5-7 in the North Sea, offshore Norway.The drilling program for 16/5-7 relates to the drilling of a wildcat well in production license 502…

BP Hires Vroon for Trinidad and Tobago

May 28, 2019

BP Trinidad and Tobago LLC has awarded Vroon Offshore Services Aberdeen a multiple year, multi-million pound contract.Vroon said on Monday that BP had hired three emergency rescue and response vessels (ERRVs) from its subsidiary, Vroon Offshore Services Aberdeen…

Bumi Armada Profit Up 28.5% in Q1

May 27, 2019

Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…

MOL Norge Drills Duster in North Sea

May 27, 2019

The explorer and producer oil and gas MOL Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-11 S.The well was drilled about seven kilometres southwest of the Trym field on the eastern side of the Mandal High…

Microsoft, Eneco Sign Energy Pact

May 26, 2019

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022…

iSURVEY Scores Lundin Norway Contract

May 24, 2019

Survey and positioning services provider iSURVEY informs it has been awarded a contract to  perform a drilling hazard survey campaign in the North Sea and in the Barents Sea, on behalf of Lundin Norway.Work commences in June, with a seabed geological…

Aquaterra Energy Opens Australia Office

May 23, 2019

Offshore engineering firm Aquaterra Energy has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins.Located on Murray Street, Perth, Aquaterra Energy’s new office in Australia’s…

N-Sea Names New Chief Executive

May 23, 2019

N-Sea Holding announced Thursday it has appointed Arno van Poppel as Chief Executive of the Netherlands based subsea inspection, maintenance and repair (IMR) services provider.van Poppel succeeds Gerard Keser, who steps down from his current…

EnFAIT Tidal Project Claims Success

May 23, 2019

Enabling Future Arrays in Tidal (EnFAIT), the flagship EU tidal energy project, has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries, just 18 months after its launch.EnFAIT is an academic…

Fugro Cancels, McDermott Extends CSV Charter

May 23, 2019

The provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resource, Fugro has cancelled a charter with Oceanteam for construction support vessel (CSV) Southern Ocean off Australia as the…

Magseis Fairfield Lines Up GoM Survey

May 22, 2019

Norway based marine seismic surveyor Magseis Fairfield announced Wednesday it has received a letter of intent (LoI) for a two-month deepwater data acquisition program in the Gulf of Mexico.The survey is due to commence late in the fourth quarter of 2019…

Perenco Renews North Sea Contract

May 22, 2019

Anglo-French oil and gas company Perenco has expanded the scope of its support contract with Servelec Controls, the control, safety and information systems provider, in the southern North Sea of the United Kingdom.Servelec has been providing service…

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