OIlfield services company SLB on Tuesday announced its OneSubsea joint venture and Subsea7 has been awarded a 'sizeable' integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA.The contract will see the…
Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry.The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design…
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs)…
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold.The Saudi government…
Norwegian seismic firm TGS has started its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data…
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…
BP reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower energy prices and a U.S. refinery outage, even as oil and gas production increased.The London-based company held its dividend at 7…
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for two wells in the Barents Sea, which will be drilled using Saipem’s Scarabeo 8 semi-submersible rig.The permit issued by Norwegian Offshore Directorate are for the wildcat…
China’s state-run China National Offshore Oil Corporation (CNOOC) has brough on stream a gas field in the Bohai Sea, offshore China.CNOOC’s Bozhong 19-6 Gas Field 13-2 Block well site development project is located in central Bohai Sea, with an average water depth of approximately 23 meters…
The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts.Suction bucket foundations are an alternative foundation…
Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said…
Colombia's majority state-owned energy company Ecopetrol is analyzing its potential direct participation in the Andean country's first-ever offshore wind auction, the company said in a statement to Reuters.The government of President Gustavo Petro…
U.S. energy major Exxon Mobil's arbitration case that could block Chevron's purchase of Hess will extend into 2025, Exxon CEO Darren Woods said in an interview on CNBC on Monday, ahead of a coming vote by Hess shareholders on the deal.Exxon…
Engineering consultancy Wood has secured a new decarbonization contract from TotalEnergies to support flare gas recovery in the North Sea.The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood's successful…
The U.S. state of New Jersey has opened the fourth solicitation for offshore wind development, seeking to award up to 4 GW of new generation capacity.The application window for the fourth solicitation has been opened on April 30, and will accept application until July 10…
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