Subsea Integration Alliance, a partnership between Subsea 7 and Schlumberger's OneSubsea, has officially received the contract for the delivery of subsea equipment and flowlines for Equinor's recently sanctioned Bacalhau field development offshore Brazil…
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals.More of the $1…
Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.Oil and gas company Galp is following a broader trend…
Nigeria has awarded the rights to develop marginal oilfields to 50% of the 161 firms shortlisted after they met all the conditions, the petroleum regulator said on Tuesday.Nigeria is looking to production from the fields to bolster state finances and increase local participation in the oil sector…
Neptune Energy on Wednesday said it had made digital twins of five of its operated offshore platforms in the Dutch, Norwegian, and UK North Sea, in a move that will help reduce costs, emissions, and save time on inspection works.This will enable…
Oil and gas firm Tullow Oil said Wednesday that Dorothy Thompson CBE, Non-Executive Chair, had decided to step down from Tullow's Board.'A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer…
Spanish oil company Repsol is set to sell its oil and gas exploration and production assets in Malaysia and in Block 46 CN in Vietnam to Malaysia-based Hibiscus Petroleum for an undisclosed fee.Repsol said that the sale of its upstream assets…
Norwegian robotics company Kongsberg Ferrotech has joined forces with Equinor, SINTEF, and Gassco to develop 3D printing technologies for subsea equipment repair and maintenance.The company has already developed a subsea robotic system, Nautilus…
Offshore wind developersØrsted and Eversource have agreed to charter Dominion Energy's Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel in the United States, for the construction of two offshore wind farms in the Northeast…
Offshore drilling rig owner Valaris said Tuesday it had won a drillship contract with TotalEnergies in Ivory Coast.The contract is for the ultra-deepwater drillship Valaris DS-12. Total E&P Côte d'Ivoire B.V, an Ivory Coast subsidiary of the…
Low-carbon infrastructure developer Cerulean Winds said on Tuesday it has submitted plans to develop a floating wind turbine project in the British North Sea.An application for a lease for the 10 billion pound ($14 billion) project has been submitted to Marine Scotland…
Subsea Integration Alliance, a joint venture between Subsea 7 and Schlumberger's OneSubsea, is anticipating final confirmation of a major contract award by Equinor 'in the near future,' Subsea 7 said Tuesday.Subsea 7 defines a major contract…
Testing, inspection, and certification firm Bureau Veritas has been selected to carry out project certification for the Moray West offshore wind farm in Scotland.The offshore wind farm is expected to be fully operational by 2024, with up to…
Engineering and technical service provider Offshore Design Engineering Ltd (ODE) has been selected as Owner’s Engineer for Codling Wind Park, set to become one of the largest offshore wind farms in Ireland.Executing its first renewables contract in Ireland…
Ambitions for offshore wind are ramping up across the globe. Final investment decisions hit an all-time high last year, a record number of new alliances were formed and markets including the EU, China, Japan, and South Korea committed to new or more ambitious climate targets…
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