Tech company Kinemagic, focused on developing augmented reality solutions for heavy industrial companies, has recently launched Stratus, a 3D VR/XR software solution that the company promises will shake up the digital twin industry. Stratus…
The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead.With the decommissioning market slowly recovering, TSB Offshore is…
Weekly U.S. offshore drilling rig count dipped last week, but the overall rig count rose, by one unit.According to Baker Hughes' Rig Count report released Friday, U.S. Rig Count was up 1 rig from the previous week to 791, with oil rigs up 1 to 679…
Deep Down, a U.S.-based subsea oil and gas equipment supplier, has received an order from Shell for a delivery related to Shell's Whale development in the U.S. Gulf of Mexico.Under the contract with Shell, Deep Down will design, engineer and…
In another sign of improving deepwater market conditions, drillship day rates are on-the-rise from Canada to China, judging by a new report by numbers crunchers, Rystad Energy. Although not the only deepwater floaters, drillships are still on order at Asian shipyards…
A federal judge ruled on Tuesday that some of the claims raised by South Carolina in a lawsuit against the Trump administration over seismic tests for oil and gas deposits in Atlantic waters may proceed, but dismissed four others. Coastal states…
In a move that might make some nervous, the United States — through its “strategic” investment arm, the newly enlarged International Development Finance Corporation — has announced plans to invest USD 1 billion on unspecified European energy projects…
Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO…
Italian oil company Eni has made an oil discovery in the Sureste Basin offshore Mexico. Eni said that the preliminary estimates showed the discovery might hold between 200 and 300 million barrels of oil in place.Saasken-1 NFW well, which has led to the discovery…
Norwegian offshore IMR specialist Reach Subsea has said it been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.The projects, with undisclosed clients, involve both inspection…
Norwegian seismic specialist TGS has announced a 3D Ocean Bottom Seismic imaging program over Main Pass and Viosca Knoll areas in the U.S. Gulf of Mexico. The company expects the new data will help E&P firms to fully explore the area.TGS says…
U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy…
BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the 111-year old company's history by new chief executive Bernard Looney. The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell and Total…
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
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