Eight European Union countries bordering the Baltic Sea have agreed to increase offshore wind power generation capacity sevenfold by 2030 to decrease dependency on Russian energy, Denmark's prime minister said on Tuesday. The pledges come after…
Russia halted gas supplies via a major pipeline to Europe on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region's richest countries.Flows fell…
Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD).According to ADNOC, the deals are the largest…
Private equity-backed British oil firm Neptune Energy still plans an initial public offering though it does not see an opportunity to list this year, the exploration and production (E&P) company's chief executive told Reuters on Tuesday.Neptune…
Shell's Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday.'It is in the early stages of being installed with the intent of first production (in) early 2023,' Chris Golden…
Norwegian offshore vessel owner Solstad Offshore has secured four new contracts for its subsea construction vessels (CSV). The contracts have a combined firm vessel utilization of 410 days, with additional subsequent options, on projects in North Europe…
Centrica's Rough gas storage site off England's east coast has received all the regulatory approvals to start storing gas again, Britain's oil and gas regulator said on Tuesday.Countries across Europe have been building gas stocks ahead of winter to prepare for disruptions to supply of Russian gas…
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments…
Marine robotics technology specialist Greensea Systems Inc. announced it has opened an office in San Diego to accommodate its growing workforce and support strengthening its presence in the region.The new location—Greensea's third alongside existing offices in Richmond…
The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…
Equinor and Vår Energi have agreed to join Malaysian operator Petronas in the support of Norwegian company FASTsubsea, as part of a Joint Industry Program to qualify and test what has been described as 'a low-cost, topside-less subsea Multiphase pump…
Floating wind turbine technology developer Odfjell Oceanwind said Monday it had received a confirmation from DNV that the main scantling approval of its Deepsea Semi floating wind foundation design is close to completion.'Main scantling approval…
Rhode Island-based offshore wind farm crew transfer vessel company Atlantic Wind Transfers has ordered six crew transfer vessels to be built at St. Johns Ship Building in Palatka, Fla. The first two vessels, of the Chartwell Ambitious-class design…
Kongsberg Maritime has launched EcoAdvisor, an intelligent and dynamic decision support system for optimizing a range of offshore vessel operations. 'EcoAdvisor is an outcome of a joint ‘Intelligent Efficiency’ research project between Kongsberg Maritime…
Norwegian company Green Energy Group has completed the sale of its Petrel Explorer seismic survey vessel.The company, which last year rebranded to Green Energy Group from Seabird Exploration to reflect a strategic shift in business towards green energy transition…
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