The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…
France-based Vallourec said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.The award, which…
Subsea 7 announced on Tuesday it has been awarded an engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco for a second package for the Marjan increment projects offshore Saudi Arabia. The contract is awarded…
UK independent Hurricane Energy announced it has struck oil in its Lincoln Crestal well West of Shetland.Responding to speculation around flaring from the Transocean Leader drilling rig, the company issued a statement confirming that a drill…
DeepOcean Group said it will split its DeepOcean UK subsidiary into two entities, creating DeepOcean Subsea Cables and a new division with a standalone brand for its seabed intervention and trenching business.The split and new brand announcement are scheduled to be finalized within 2019…
The topsides for Noble Energy’s Leviathan development in the Mediterranean were installed this weekend by the world's largest crane vessel, offshore contractor Heerema Marine Contractors announced.Sleipnir installed the Leviathan development’s two main topsides with a total weight of 24…
Kongsberg Maritime has expanded its Canadian operation by establishing a presence at COVE, the Center for Ocean Ventures & Entrepreneurship, in Dartmouth, Nova Scotia, the company announced on Monday.Already present in the Canadian ocean technology…
Output from the Equinor-operated Johan Sverdrup oil field in the North Sea will rise to 660,000 barrels per day (bpd) by 2022, from 440,000 bpd by early 2020, a company executive said on Monday.Output from the field will start up in October…
The Mexican government has said in its 2020 budget proposal that it will maintain a strategy of hedging its oil output against lower prices.Mexico’s state oil company Pemex will also continue a similar but separate hedging program. Mexico’s…
Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.“South Korea is a peninsula surrounded by three seas…
Dolphin Drilling will establish its international headquarters in Aberdeen, showing its commitment to the North Sea at a time of increasing optimism for the drilling industry, the offshore drilling contractor announced on Friday.The company…
Schlumberger and TGS today announced a new 3D seismic reimaging project in the Egyptian Red Sea comprising reimaging data from three overlapping seismic surveys totaling 3,600 square kilometers that were acquired between 1999 and 2008—the only available 3D data in this part of the Red Sea…
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a large-scale seismic imaging project in the offshore Orphan Basin in Eastern Canada by BHP, CGG announced on Thursday.The company said it will employ its FWI and least…
Cooper Energy announced on Friday that it has found new gas in the Annie-1 exploration well in the Otway Basin offshore Victoria, marking the first new offshore discovery in the basin in 11 years.Annie-1, located in VIC/P44 approximately 9 kilometers offshore Victoria in a water depth of 58 meters…
The Danish Energy Agency (DEA) and transmission system operator Energinet have scheduled for 25th of November 2019 market dialogue for potential bidders and investors for the upcoming Thor offshore wind farm tender.The Thor offshore wind farm…