Fugro announced on Monday it has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of $35 million…
Matthew Tremblay, ABS SVP, Global Offshore Markets, discusses the course ahead for the burgeoning US offshore wind market.
Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.Chevron was awarded the first block, Shell a second block, and a third block was awarded…
Greece's Prime Minister said in remarks published on Sunday that if Athens and Ankara cannot solve their dispute about maritime zones in the Mediterranean they should turn to the International Court of Justice (ICJ) in The Hague to settle the disagreement…
Europe — okay, Brussels — is keenly anticipating the day hydrogen begins supplanting the natural as in its pipeline net, as more explosive H could mean energy storage, motive power and, perhaps, heating.It wants more hydrogen from offshore platforms…
Swiss-Dutch company Allseas Group said it has no plans to resume laying pipes for Russia's Nord Stream 2 gas pipeline project, Russian state news agency TASS reported on Monday.Russia said it has its own vessel to complete the construction of…
ExxonMobil said on Monday it acquired more than 1.7 million acres for exploration offshore Egypt.The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin…
IT service provider Accucode is partnering up with RCAM Technologies, a specialist in large-scale concrete additive manufacturing, to develop large-scale, 3D printed concrete structures supporting offshore wind turbines.The partnership with Accucode comes on the heels of a grant announcement…
French civil engineering construction company Eiffage Métal SAS awarded Sif Holding n.v. the order for the delivery of 80 monopiles and the primary steel for 80 transition pieces (77 KTon steel) for the 480 MW Saint- Nazaire offshore wind farm (OWF) in France…
Sif Holding, the manufacturer of large steel tubulars, has entered into exclusive negotiations for the delivery of 33 monopiles and 33 Transition pieces (25 KTon steel) for an offshore wind project in Japan.The current state of negotiations has led to a pre- order of the steel for the project…
U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling.Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677…
Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced…
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Subsea services firm Aqueos Corporation announced Friday it recently completed a diving and remotely operated underwater vehicle (ROV) campaign on the US West Coast.The work scope included level III and IV subsea surveys of three large conventional…
Norwegian based Magseis Fairfield announced Friday it has been awarded two consecutive deepwater ocean bottom node (OBN) projects in the Gulf of Mexico by an undisclosed repeat customer.The surveys will be carried out in the Mississippi Canyon…
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