Norwegian offshore vessel operator Rem Offshore has in the past few days announced long term contracts with Apache Corporation in the UK North Sea for three of its platform supply vessels.Rem offshore last week said it had won contracts for the platform supply vessels Rem Cetus…
First Subsea and James Fisher Offshore (JFO) have this week said they've completed a significant testing milestone in their joint development of a combined Internal Cut and Lift tool, as part of an Oil and Gas Technology Centre (OGTC) co-investment…
Oil prices inched down on Tuesday as investors awaited direction from OPEC and its allies after the producers postponed a formal meeting to decide whether to lift output from January.Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44…
OHT, the Norwegian offshore heavy transport firm, and soon to be offshore wind installation contractor has said that its shipbuilding contract for its first offshore wind turbine installation vessel has become effective.'The shipbuilding contract…
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale…
Tidal energy developer Minesto said Tuesday it has delivered the first tidal energy produced electricity to the Faroese grid.'As a part of the ongoing commissioning work of its DG100 tidal kite system Vestmannasund, Faroe Islands, [...] Minesto…
Environmental activists took Royal Dutch Shell to court on Tuesday, as they demand the energy firm drastically reduces the production of oil and gas to limit its effects on climate change.Seven activist groups, including Greenpeace and Friends of the Earth Netherlands…
Malaysian offshore drilling company Sapura Drilling has informed that its Sapura Berani semi-submersible self-erecting tender-assist drilling rig is on its way to Congo to start a drilling contract.In a social media post on Tuesday, Sapura Drilling…
Norway's oil output curbs, in place since June, are set to end on Dec. 31, the Ministry of Petroleum and Energy said on Tuesday.'The Norwegian regulation will expire at the end of the year,' the ministry said in a statement.Following a sharp…
U.S. crude oil production rose 286,000 barrels per day in September to 10.86 million bpd, as production increased in North Dakota and in offshore waters in the U.S. Gulf of Mexico.Oil production rose 61,000 bpd in North Dakota and 315,000 bpd in the offshore Gulf of Mexico…
Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group.'The company intends to use the bankruptcy process to ensure that all customer…
Australian wave energy technology developer Carnegie Clean Energy has signed an agreement with Hewlett Packard Enterprise Company (HPE) to cooperate on a project to develop a reinforcement learning-based controller for the CETO wave energy technology…
Borr Drilling, a Norwegian contractor of shallow-water drilling rigs, warned on Monday that the company continued to face a “very challenging” financial situation after reporting $61.9 million in net loss for the third quarter.The company said…
The final turbine has been installed at the site of Belgium’s largest offshore wind farm - SeaMade, offshore installation contractor DEME said Tuesday.SeaMade, operated by Otary, is a 487,2 MW offshore wind concession in the Belgian North Sea…
Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest-ever impairment, and slash project spending next year to its lowest level in 15 years.The oil major is reeling…
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