Rocsole, a Finland-based developer of offshore pipeline inspection technology, has received an Offshore Technology Conference (OTC) Spotlight on New Technology award for a system that inspects pipelines while allowing production to continue without interruption…
BP Midstream Partners LP (BPMP.N) offshore pipeline volumes increased by 12% in the first financial quarter, but onshore oil and refined products pipeline demand lagged, company executives said on Thursday.Overall, the amount of crude oil and…
Poland's biggest power group PGE and Denmark's Orsted have finalized a deal to jointly develop two offshore wind projects in the Baltic Sea, PGE said on Thursday.Under the terms of the deal, Orsted bought 50% in each of two PGE units developing two offshore projects totalling 2…
All workers from the Naga 7 jack-up drilling rig that sunk off Sarawak earlier this week, have been safely brought to shore, Velesto, the owner of the ill-fated jack-up, said Thursday.The rig had been preparing to start a drilling operation of a subsidiary of the U…
Seadrill Ltd on Wednesday reached a tentative deal that will allow it to continue using lender cash to fund operations while it works with creditors on a path out of bankruptcy.During a virtual hearing, U.S. Bankruptcy Judge David Jones, sitting in his Laredo…
Oil company MOL Norge AS, a Norwegian subsidiary of Hungarian MOL, has received a drilling permit for an appraisal well in the North Sea, offshore Norway.MOL will use the Transocean Barents semi-submersible drilling rig to drill the well formally named Well 25/8-21 S…
HGIM Corp., the parent company to U.S.-based Harvey Gulf International Marine, LLC, announced on Thursday that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management…
Denmark-based Enelift, a lifting solutions provider for the energy industry until recently known as Global Offshore, on Thursday announced expansion plans that will see the company invest 'a seven-figure sum' into its operations and establish new support hubs in Houston…
Viking Life-Saving Equipment has launched a new Walk-to-Work crew transfer suit that the company says overcomes a cumbersome feature of offshore wind turbine maintenance procedures without compromising safety.'The new Viking YouSafe Walk to…
Sharp Reflections, an offshore seismic data analysis solutions company, has announced a software update to its PreStack Pro software.According to the company, the 6.2 update, developed in partnership with Equinor focuses on expanding the software’s capabilities within the 4D domain…
Northern Offshore Services has taken NYK's crew transfer vessel Energizer on a ten-year charter. The vessel will be used to transfer crews to offshore wind farms, mainly in Europe.Japan's NYK, which shared the charter news on Thursday, also…
Irish companies Mincon Group plc and Subsea Micropiles along with research centers at the University of Limerick and University College of Dublin are working on a low-cost, environmentally 'sympathetic' micropiling technology aimed at the offshore wind industry…
BW Energy, an Oslo-listed oil firm, said Thursday that the drilling of the Hibiscus Extension appraisal well DHIBM-2 in the Dussafu Marin license in Gabon had fallen short of expectations, hitting water instead of oil.'The primary objective…
South Korean shipbuilder Hyundai Heavy Industries Co Ltd applied for preliminary approval for an initial public offering, Korea Exchange said on Thursday.The company, currently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019…
Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday.Its updated models show renewables meeting 74% of total energy demand by 2050…
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