Equinor said on Wednesday it has agreed to sell to Shell a 51% operating stake in the North Platte deepwater development project in the U.S. Gulf of Mexico. Equinor will retain 49% interest in the project, now renamed Sparta.Discovered in 2012 by Cobalt International Energy…
Singapore-based shipbuilder Sembcorp Marine has delivered the world's first 8th generation drillship, the Deepwater Atlas, to its owner Transocean.The Deepwater Atlas is the first of two ultra-deepwater drillships based on the Sembcorp Marine's Jurong Espadon 3T design…
UAE-based shipyard Drydocks World has signed a contract with Norway-based Kanfa to deliver a topside module for a floating production storage and offloading vessel.In what will be the first collaboration between Drydocks World and Kanfa, the M10 module will be placed on the main deck of the FPSO…
British oil major BP has won the rights to an exploration block in the Mediterranean Sea, offshore Egypt.Accoridng to a press statement sent to Offshore Engineer by BP, the company won the rights to the The King Mariout Offshore area, located…
An interesting agreement has been signed in Ireland under which a local fishermen organizatino KFO will have a say in the development of an offshore wind project development in Ireland, dubbed one of the top five emerging markets for offshore wind…
Wales’ largest electricity producer RWE has entered a partnership with steel maker Tata Steel to explore the production of steel components that could be used in gigawatt-scale floating offshore wind projects in the Celtic Sea.'The co-operation…
Norwegian seismic data acquisition and processing company TGS is set to acquire all shares of the Norwegian ocean bottom node survey specialist Magseis Fairfield.TGS will put forward a voluntary exchange offer to acquire all shares of Magseis…
Following a long journey from Thailand, an offshore substation built for the massive Dogger Bank offshore wind project in the United Kingdom arrived at Aibel's yard in Haugesund on Saturday, aboard BigLift Shipping's heavy transportation vessel BigLift Baffin…
Norway must do more to prepare for a decline in its dominant oil and gas industry in the coming decades as other nations start to free themselves from petroleum dependence, the International Energy Agency (IEA) says in a new report.Western Europe's…
Norway's Equinor and Belgium's Fluxys plan to build a 1,000-km (620-mile) pipeline to transport CO2 captured on the European continent for storage underneath the North Sea [on the Norwegian continental shelf], the two companies said on Wednesday…
A consortium of sellers, including Van Oord, has sold its shares in the Borssele V innovation offshore wind farm to Octopus Energy Generation, one of the largest renewable energy investors in Europe. Designated an innovation site, the Borssele…
Norwegian offshore vessel owner Eidesvik Offshore has named Helga Cotgrove as Chief Financial Officer (CFO). Cotgrove will join Eidesvik Offshore October 1, 2022 at the latest. She has more than 20 years of energy sector finance experience in various roles within M&A…
Offshore wind developer Ørsted and logistics firm DSV are partnering up to test the use of cargo drones on offshore wind farms, with the aim to bring the spare parts warehouse closer to the service technicians.Ørsted said: 'Offshore wind farms are usually located far from shore…
Shell UK Ltd has awarded Maersk Drilling a contract to supply the harsh-environment jack-up rig Maersk Resilient for the drilling of the Pensacola well in the UK part of the North Sea.The contract is scheduled to begin in the second half of 2022…
The U.S. Maritime Administration (MARAD) last Friday designated offshore wind vessels as vessels of national interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). The Federal Ship…
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