BW Energy has reported encouraging preliminary results of the Kharas-1 appraisal well, drilled in the Orange Basin, offshore Namibia.The Kharas-1 appraisal well, drilled with Odfjell Drilling-managed Deepsea Mira semi-submersible rig, has reached…
Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…
India’s EPC contractor Larsen & Toubro (L&T) has been hired to deliver High Voltage Direct Current (HVDC) converters in support of the Dutch-German transmission system operator (TSO) TenneT’s 2GW offshore wind grid program in the North Sea.Collaborating with Hitachi Energy…
The Floating Offshore Wind Power Technology Research Association (FLOWRA) of Japan and certification society ClassNK have signed a memorandum of understanding (MoU) to explore technology development cooperation in the field of floating offshore wind…
BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed…
Unique Group, a subsea technology and engineering services firm, has been awarded a multi-million-dollar contract by CCC Underwater Engineering to deliver its Launch and Recovery Systems (LARS).As part of the agreement, Unique Group will deliver…
Ocean services provider DeepOcean has secured a contract to support the decommissioning of subsea infrastructure at oil and gas fields in Western Australia.DeepOcean’s scope of work includes suspension of subsea trees, removal of flowlines, riser and dynamic umbilical…
Russia’s Lukoil has accepted an offer from commodity trader Gunvor Group to buy Lukoil International, the wholly owned unit that holds the oil producer’s overseas assets, following the sanctions and restrictive measures introduced primarily by the United States…
Germany’s Federal Maritime and Hydrographic Agency has issued planning approval for Vattenfall’s 630 MW Nordlicht 2 offshore wind farm in the North Sea, clearing the way for construction to move ahead.The Nordlicht II project will consist of 44 turbines of 15 MW each…
Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview.The spending is part of a 9.8-billion-dinar budget - the company's…
Shell beat third-quarter profit forecasts on Thursday, helped by strong results from its gas division, and said it would maintain the pace of its share buyback programme at $3.5 billion over the next three months.The oil major said adjusted earnings…
Fincantieri, through its subsidiary IDS – Ingegneria dei Sistemi, has signed a memorandum of understanding with Next Geosolutions (NextGeo) to jointly develop unmanned surface vessels (USVs) and related technologies for the oil and gas and renewable energy industries…
Mermaid Subsea Services (UK) has completed a fast-track subsea recovery campaign in the North Sea for a major operator.The operation involved the internal and external severance of casing, conductor, guide pipe and cement lines, as well as local…
Energy industry services firm EnerMech has secured a pipeline pre-commissioning contract by McDermott in support of Shell Trinidad and Tobago’s Manatee gas development.EnerMech said it will deliver ‘critical services’ across a 115 km, 32-inch offshore pipeline…
Offshore engineering and subsea services firm Acteon and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic memorandum of understanding (MoU) to jointly deliver renewable energy projects across the region.The…