Equinor's Johan Castberg Arctic oilfield will cost some 10% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's budget showed on Tuesday.The project…
Norwegian oil company OKEA, the operator of the Vette license offshore Norway said Tuesday it had decided to propose to the license partners not to develop the Vette discovery further, 'due to the project’s insufficient financial robustness…
Marine robotics company Ocean Infinity has acquired Norway-based company Red Rock, a company providing offshore lifting and handling equipment, as well as AI-supported autonomous equipment and operations.Announcing the acquisition, Ocean Infinity…
Dutch offshore services company Fugro has won a contract with Denmark's Energinet to provide floating wind lidar measurements for what will be the world’s first offshore artificial energy islands, which is being built for the Danish Government…
Oilfield services company TechnipFMC has secured a long-term charter and services contract with Petrobras in Brazil for the pipelay support vessel Coral do Atlântico.TechniFMC said the contract was a “substantial” one, meaning it has a value between $250 million and $500 million…
Libya’s National Oil Corporation (NOC) has brought under control an oil spill at an offshore storage facility, the company said on Sunday.The leak at the Farwah facility owned by Mabruk Oil Operations occurred while a tanker was loading oil on Friday…
Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…
Sweden-based subsea survey and inspection firm MMT, part of Ocean Infinity, has appointed Sara Båth-Dahlström as CEO. Båth-Dahlström, who takes over on an interim basis, from Per-Olof Sverlinger, has been with MMT since 2019.MMT was acquired by Ocean Infinity earlier this year…
The first offshore wind turbine jacket foundation has been installed at Seagreen – Scotland’s largest offshore wind farm under construction - using Saipem 7000 crane vessel.Loaded on a barge at Global Energy Group’s Port of Nigg in the Highlands of Scotland…
Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.'We have plenty of cash…
Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…
Offshore vessel owner DOF Subsea has entered a partnership deal with offshore survey firm Ocean Floor Geophysics Inc. (OFG) to offer Autonomous Underwater Vehicle (AUV) services to the international offshore industry.'The partnership will effectively…
Italian energy industry services firm Saipem has awarded Fugro a monitoring contract to support the construction of an LNG jetty for BP’s Greater Tortue Ahmeyim field offshore Senegal/Mauritania.Starting in December, Fugro will deploy its InclinoCam…
Chinese shipbuilder Dalian Shipbuilding Industry Co. has won a contract to build two CO2 carriers for Northern Lights, a Norwegian carbon capture and storage project.Under the contract awarded by the Northern Lights JV, owned equally by Equinor…
Norwegian oil and gas company Vår Energi has made a smaller than expected discovery at the Rødhette exploration well in the North Sea, off Norway.Vår Energi's partner Longboat said Monday that the well formally named 7122/6-3 S had encountered…
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