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…
Oil firms Aker BP and Equinor are close to resolving their dispute over how to develop a cluster of oil and gas discoveries in the so-called NOAKA area of the North Sea, Aker BP said on Tuesday. The new engineering design initially comprises 506 million barrels of oil equivalents (boe)…
Brazilian offshore contractor Constellation has won an offshore drilling rig contract with Petrobras.Constellation said last week that Petrobras had hired its Atlantic Star semi-submersible drilling rig.In a LinkedIn post, the offshore drilling…
Norway's Equinor has said that the new gas module recently put on the Troll C platform in the North Sea will accelerate and boost production from the nearby Fram field 'by substantial profitable volumes.'The Fram oil deposits in the North Sea comprise the Fram Vest and Fram Øst fields…
Australia's Karoon Energy has said that it has encountered water-bearing sands and non-commercial gas shows at the shallower sections of its Marina-1 well offshore Peru.Prior to the start of drilling late in January, Karoon had said that the…
Brazil's Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said on Monday…
Norway's Aker BP and Polish PGNiG have entered into an agreement to swap some of their respective offshore license interests in Norway. The deal will see Aker exit the Gina Krog field in the North Sea, but get hold of the recent Shrek discovery located near its Skarv FPSO in the Norwegian Sea…
Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13…
Norway's Aker BP beat fourth-quarter profit forecasts on Tuesday and said it expects its oil and gas output to jump 36% in 2020, the first full year of production from the giant Johan Sverdrup oilfield.Chief Executive Karl Johnny Hersvik said…
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…
A slew of reports so far this year suggest a confluence of the right factors for a strong, sustained surge in contracting activity — especially in drilling — seems to be developing, at least in Europe.Several indicators were in January pointing to key some snowballing of new activity…
RigNet, Offshore communications, and networking solutions provider has signed a long-term services agreement with offshore drilling contractor Northern Offshore.Under the deal, RigNet will provide several solutions including VSAT Managed Communications Services…
Azerbaijan plans to increase natural gas production this year, but slightly lower oil production due to the level of existing reserves, the vice president of state energy company SOCAR said in an interview. Yashar Latifov told Reuters the country planned to produce 38…
Malaysia's Petronas Carigali has signed a long-term charter deal with Carimin Marine Services for the provision of an accommodation workboat.Carimin said that Monday that the contract, signed January 21, would keep the offshore accommodation unit busy for almost two years (716 days…
Aker Energy, a Norwegian oil company working to develop its Pecan field, offshore Ghana, has hired the Dutch offshore survey specialist Fugro to examine the seabed at the location ahead of the further Pecan infrastructure planning.The Pecan…
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