Industry News

 

Equinor, BP JV Hires DEME for Offshore Wind Cable Installation in U.S.

Jan 04, 2023

Offshore installation services company DEME Offshore has won a 'substantial' contract for the transportation and installation of the inter-array cables for the Empire Wind 1 and 2 offshore wind farms being developed in the U.S. by Empire Offshore Wind…

Chevron Awards 12-month Extension for Shelf Drilling's Jack-up Rig in Angola

Jan 04, 2023

Offshore drilling firm Shelf Drilling said Wednesday it had won a one-year contract extension for its Shelf Drilling Tenacious jack-up rig.The contract is a direct continuation of its current contract for drilling operations offshore Angola…

ONGC's Iconic Jack-up Drilling Rigs Starts New Life as MOPU

Jan 03, 2023

Sagar Samrat, the iconic offshore drilling rig that helped discover India's biggest offshore oil field - the Mumbai High - in 1974, has started its new life, now as an offshore production unit.India's national oil company ONGC said Monday that…

Greencoat Renewables Buys Stake in German Offshore Wind Farm

Jan 03, 2023

Greencoat Renewables has agreed to buy 22.5% of the Butendiek offshore wind farm in Germany from Marguerite Pantheon.The wind farm is located in Germany's exclusive economic zone in the North Sea and consists of 80 Siemens Gamesa 3.6 MW turbines that have been operational since 2015…

Reabold Acquires Simwell Resources

Jan 03, 2023

Reabold, the AIM-listed investing company with a portfolio of upstream oil and gas projects, said Tuesday it had completed the acquisition of Simwell Resources Limited.Simwell Resources Ltd's website info shows that Simwell is a privately funded…

TGS, SLB, Petrobangla in 2D Seismic Survey Offshore Bangladesh

Jan 03, 2023

TGS on Tuesday announced a new regional multi-client 2D seismic program offshore Bangladesh in partnership with SLB and Petrobangla.The program's initial phase will comprise around 11,000 line kilometers of newly acquired high-resolution broadband…

2023 Outlook: The Offshore Service Vessel Market

Dec 30, 2022

The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with…

Turkey Accuses Cyprus of Stoking Tensions in Eastern Med with Its Gas Exploration Efforts

Dec 30, 2022

Turkey on has accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this week.Cyprus's hydrocarbon activities 'have been carried out unilaterally…

Offshore Wind: Finland Gov't Grants Research Permits to Eolus

Dec 30, 2022

Offshore wind farm developer Eolus has received research permits for two offshore wind farms in the Bothnian Sea. The company said these were important steps towards offshore wind production in Finland. The Finnish Government gave consent regarding…

Oil Set to End Turbulent 2022 With Second Annual Gain

Dec 30, 2022

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139…

Coast Guard Calls Off Search for Four Missing from Helicopter that Crashed Near Gulf of Mexico Platform

Dec 30, 2022

The Coast Guard called off its search for four passengers onboard a downed helicopter about 10 miles off the coast of Southwest Pass, Louisiana, at 6:15 p.m. Thursday.At around 8:40 a.m., Coast Guard District Eight watchstanders got a call from…

How Will Japan Resolve Shipping Insurance for Russian LNG imports?

Dec 29, 2022

Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan…

World's First Floating Wind Farm Marks Five Years of Operation

Dec 29, 2022

Hywind Scotland, the first floating offshore wind farm in the world, has been running for five years now. It was put into service in 2017.Located off the coast of Peterhead, Scotland, it is the world’s first floating offshore wind farm, and…

North Sea Project Launched to Explore Powering Integrated Energy Hubs with Offshore Wind

Dec 29, 2022

Neptune Energy has signed a Memorandum of Understanding with Ørsted and Goal7 to investigate using offshore wind-generated electricity to power new integrated energy hubs in the UK North Sea.Integrated energy hubs have the potential to combine multiple energy systems…

Trinidad to Reject BP and Shell's Offshore Exploration Bids, Sources Say

Dec 29, 2022

Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc and Shell, according to people familiar with the matter, because they failed to meet the government’s minimum requirements. The island nation's government plans…

Current News

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Baker Hughes Secures Kuwait Oi

PV Drilling’s Jack-Up Rig Returns to Asia Ahead of April Drilling Ops

PV Drilling’s Jack-Up Rig Retu

South Korean Firm Buys Into Indonesian Offshore Oil Block

South Korean Firm Buys Into In

US Orders Military to Enforce ‘Quarantine’ of Venezuelan Oil

US Orders Military to Enforce

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