The new concept for Subsea Valve Actuators (SVA) from Bosch Rexroth has been certified by DNV GL for application in safety systems with up to Safety Integrity Level (SIL) 3 requirements. The SVA is a self-contained actuator for opening and closing…
Norway's IKM Group said Wednesday it has acquired 100% shares in the Norwegian offshore oil and gas consultancy Acona.Acona provides services within Well Management and Engineering, Environmental & HSEQ&Risk Services, Field Development, and Consultancy Services…
Remotely operated underwater vehicle (ROV) inspection and integrity support services company Film-Ocean Ltd said it has appointed George Gair as inspection manager.Gair joined the business in early September and since starting has already met…
Japanese FPSO specialist MODEC says it is working with partners to develop a solution that will reduce the overall cost of floating offshore wind turbines.For some time, floating offshore wind has been something of a niche, but now full-scale demonstrators are in the works…
Chevron on Friday reported an adjusted third-quarter profit as oil prices recovered from spring lows and spending cuts benefited operating results.Chevron and its peers have slashed spending budgets this year on plummeting demand and crude oil…
Tasked to provide the financial power to help Norwegian companies export their wares to the world, Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK) pulls no punches when asked about the appetite for investment in traditional…
Norway's Johan Sverdrup oilfield, the largest in western Europe, is ramping up production in the fourth quarter after the government increased its production permit, Lundin Energy, a partner in the field, said on Friday.Equinor-operated Sverdrup increased its production capacity to 470…
While societal, political and corporate pressure continue to push innovation on renewable energy, the world's largest wealth fund is apparently having trouble identifying good investment deals in the sector.Norway's $1.1 trillion sovereign wealth fund…
The COVID-19 crisis has created an unprecedented challenge to the offshore sector, one that is truly global in impact but with a shifting picture in different regions, from recovery in some to the threat of a second wave in others. According to Bureau Veritas’ Dawn Robertson…
A unique double rotor floating wind turbine concept has earned a statement of feasibility from classification and certification body DNV GL.This statement, based on DNV GL’s technology qualification services, confirms that the nezzy² floater is designed to state-of-the-art safety…
Tyra – Denmark’s largest gas and condensate field and main gas processing hub – was, a few years ago, on the verge of being decommissioned, which would have, according to reports back then, wiped out thousands of jobs.The field located 225km west of Esbjerg…
Balmoral, a UK-based engineering company specializing in offshore buoyancy, insulation and protection solutions for the offshore energy industry, has developed Balmoral FibreFlexx - a cable protection solution for offshore wind.According to Balmoral…
Norwegian subsea drone specialist Stinger Technology has entered into a collaboration agreement with the U.S. ocean robotics firm Houston Mechatronics.Houston Mechatronics is currently developing what has been described as one of the subsea…
Oceaneering, mostly known as a provider of subsea services to the international oil and gas industry, has appointed Ben Hooker as Director of Business Development – Renewables. In a statement on Tuesday, Oceaneering described Hooker as a seasoned…
NewTek Sensor Solutions offers new, custom designs of Submersible Linear Position Sensors constructed of special alloys with chemical resistance to water in depths exceeding 15,000 ft or more and with external pressures up to 20,000psi. NewTek…