Offshore Activity

 

Kuwait Announces 'Giant' Oil Discovery

9 hours ago

Kuwait Petroleum Corporation (KPC) said on Sunday it had made a 'giant' oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.KPC's CEO Sheikh Nawaf Saud Nasir Al-Sabah said in a video posted by the company on X that the new discovery's reserves were equivalent to the country's entire production in three years.The initial estimated area of the newly discovered oil well is around 96 square km…

OPT to Deliver AI-Ready Wave Energy PowerBuoy to Middle East

4 hours ago

U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) has secured an order for its PowerBuoy, equipped with Merrows, the artificial intelligence (AI) capable maritime domain awareness solution.The contract with an…

Ramco Hooks Long-Term Pipe Servicing Contract with Equinor

6 hours ago

Ramco Norway, specialists in the preparation, inspection, surface treatment, and preservation of OCTG (oil country tubular goods), has secured a long-term contract with Equinor, set to bring in $11.2 million (NOK 120 million) annually for the company…

Senegal President Says Oil Contracts Will be Renegotiated

6 hours ago

Senegalese President Bassirou Diomaye Faye said on Saturday the West African country planned to renegotiate its oil contracts, saying it could have negotiated better on the contracts.Faye, who defeated the ruling coalition candidate in a landslide election victory in March…

Egypt Considering Adding New Regasification Vessel in Ain Sokhna

6 hours ago

Egypt is considering adding a new Floating Storage Regasification Unit (FSRU) to its port facilities at Ain Sokhna to increase import capacity, according to a petroleum ministry statement.The ministry is also considering adjusting Egypt's two…

Cadeler Lines Up OW Turbine Installation Campaign in 2029

7 hours ago

Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines.The installation campaign is due to commence in 2029 for an undisclosed client and project…

Prysmian’s Monna Lisa Reaches Norway (Video)

8 hours ago

Prysmian's Monna Lisa vessel, being build by Vard, has reached Norway for final outfitting, installation of main mission equipment and trials, before becoming fully operational in 2025.The 171-meter-long cable laying vessel (CLV) arrived to Norway after travelling 4…

NKT Set to Supply Subsea Cable Systems for Scottish Power Transmission Links

8 hours ago

NKT has signed framework agreement with Scottish transmission system operator (TSO) SSEN Transmission for the supply of power cable systems for two high-voltage direct current (HVDC) transmission links in Scotland.NKT confirmed reservation of…

Saipem Secures $500M Offshore Job in Saudi Arabia

9 hours ago

Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.Saipem’s scope of work under the first project involves the engineering…

Shell's Bet on Gas Boom Takes Shape with String of Deals

Jul 12, 2024

Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.The new projects…

FPSO Newbuild for Petrobras’ Búzios Field Taking Shape in China

Jul 12, 2024

China’s state-owned ZPMC Qidong Marine Engineering has launched the bow section of the P-82 floating production storage and offloading (FPSO) unit, being built by Seatrium for Petrobras’ Búzios field offshore Brazil.The bow section of the N1151 (P-82) FPSO…

ABS Issues AiP for Pengrui and COSCO Gangway Design

Jul 12, 2024

American Bureau of Shipping (ABS) has issued an approval in principle (AIP) to Nantong Pengrui Offshore Technology and COSCO Shipping Shipyard (Nantong) for its novel design of an offshore access gangway.The motion compensated, active and passive…

Three Firms Form Consortium to Compete in Belgium’s Offshore Wind Tender

Jul 12, 2024

Eneco, Ocean Winds, and Otary have formed a strategic partnership to jointly compete in the tender for the offshore wind Princess Elisabeth concessions in Belgium.The consortium, subject to all required regulatory and competition approvals,…

All Set for Cable Installation at US' First Utility-Scale Wave Energy Test Site

Jul 12, 2024

The installation of power and data cables at Oregon State University’s PacWave South, the first pre-permitted, utility-scale, grid-connected wave energy test site in the United States, is set to begin later in July.The cable installation marks…

Petrogas E&P Starts Producing Gas from North Sea Platform

Jul 12, 2024

Petrogas E&P Netherlands, part of Oman-based Petrogas E&P, has achieved first gas production from the field in the Dutch North Sea.Petrogas E&P Netherlands, along with its partners EBN, Rockrose and TAQA Offshore, started producing gas from the first well on the B10 platform on July 6…

Current News

OPT to Deliver AI-Ready Wave Energy PowerBuoy to Middle East

OPT to Deliver AI-Ready Wave E

Ramco Hooks Long-Term Pipe Servicing Contract with Equinor

Ramco Hooks Long-Term Pipe Ser

Senegal President Says Oil Contracts Will be Renegotiated

Senegal President Says Oil Con

Egypt Considering Adding New Regasification Vessel in Ain Sokhna

Egypt Considering Adding New R

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