Global energy technology company SLB has introduced Neuro autonomous geosteering, which dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations…
The National Subsea Centre (NSC), a center of excellence for subsea research and technology development, has been awarded a grant to develop a subsea decommissioning optimization software demonstrator with PlanSea, a developer of marine logistics artificial intelligence (AI) technology…
Eco Wave Power has officially switched on wave energy power plant, developed in collaboration with EDF Renewables IL, at Tel Aviv’s Port of Jaffa.The EWP-EDF One project has 100 kW installed capacity and is comprised of 10 wave energy floaters…
Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers…
Norwegian shipbuilder Vard has delivered IT Infinity vessel to I.T. International Telecom Marine (IT), after completing its conversion from Platform Supply Vessel (PSV) to specialized Cable Laying Vessel (CLV).Built at Vard Brattvaag and delivered to Volstad Maritime in 2008 as the Volstad Princess…
Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading…
Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…
Norwegian oil and gas operator DNO has restarted production at its Trym field in the Norwegian North Sea, which is tied-back to Tyra field’s infrastructure, after five-year shutdown.First commissioned in 2011, Trym is expected to contribute 3…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least April…
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) released the Draft Programmatic Environmental Impact Statement (EIS) for oil and gas leasing…
Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.Brent crude futures were down 85 cents…
The first jacket foundation for the substation of the Coastal Virginia Offshore Wind (CVOW) project has departed from the Danish Port of Esbjerg and is on its way to the United States to be installed at the country’s largest offshore wind farm…
Denmark's latest offshore wind farm tender in the North Sea has failed to attract any bids, authorities said on Thursday, in a further setback for the industry.After a year of challenges, the global offshore wind industry no longer has much…
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