Rice University and Woodside Energy have announced a five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions. Woodside will provide $12.5 million to fund the creation of the Woodside-Rice Decarbonization Accelerator…
Subsea solutions provider N-Sea Group announced it has entered into an agreement with Geo Plus to long term charter the Dutch flagged vessel Geo Ranger, a hybrid survey and ROV support vessel.The Geo Ranger will accompany the Geo Focus which is already under N-Sea management and control…
Germany’s United Heavy Transport (UHT) and Korea’s Dongbang Transport Logistics have joined forces in a new strategic alliance combining their expertise in heavy lift vessels and transport.UHT and Dongbang Transport Logistics signed a memorandum of understanding (MOU)…
Australia's Santos can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favor of the oil and gas firm in a dispute with an Indigenous man looking to pause the work…
It was a busy week in the offshore drilling sector as new work was secured by Noble and Valaris rigs, reports Esgian in its Week 2 Rig Analytics Market Roundup.ContractsLLOG has exercised a six-month option for Noble 12,000-ft drillship Noble Valiant in the US GOM…
The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision…
The Australian Government is asking for feedback on ways to improve its offshore environmental management regime.In the first instance, the Department of Industry, Science and Resources is seeking to clarify the consultation requirements under…
The Norwegian Offshore Directorate has released figures for 2023, saying production was somewhat lower than was expected a year ago.This is largely due to unplanned and extended maintenance shutdowns at multiple onshore facilities and fields…
As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
Gale-force winds and high waves from a storm led to the listing of an elevated liftboat in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Wednesday. Damage to the vessel and cargo was estimated at $6.9 million.On November 20…
Franklin, La. shipbuilder Gulf Craft in December delivered WINDEA Intrepid, a new crew transfer vessel built for WINDEA CTV, a partnership between Hornblower Wind and MidOcean Wind.Designed by Incat Crowther and classed by Bureau Veritas, the…
Norway's parliament on Tuesday voted in favor of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners.The decision…
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there were still some noteworthy updates related to new contracts, drilling activities, and rig moves.ContractsAfter a bidding…
Palatka, Fla. shipyard St. Johns Ship Building announced it has delivered WINDEA Courageous, the first of three Jones Act compliant crew transfer vessels (CTV) ordered by WINDEA CTV, a partnership between Hornblower Wind and MidOcean Wind.The…
Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits.The snapshot by the largest U.S. oil producer showed operating results could drop to about $8…