DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC) substations linked to offshore wind farms in the German North Sea.Agreement includes certification of…
Researchers aiming to help operators maximize recovery are using artificial intelligence (AI) to unlock a vast amount of rw data collected by the oil and gas industry. The Intelligent Data Quality Improver (IDQI) project, an initiative involving…
Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns…
A U.S. judge on Wednesday rejected Exxon Mobil Corp's and Royal Dutch Shell Plc's effort to revive a $1.8 billion arbitration award against Nigeria's state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country's coastline…
On September 1, Equinor and its partners began producing from the deepwater Snefrid Nord gas field, the first discovery tied back to the Aasta Hansteen field in the Norwegian Sea. Production start-up, originally planned for the end of 2019, comes ahead of schedule and at more than 1…
Offshore vessels owner Tidewater announced on Wednesday that its board has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, replacing retiring President, Chief Executive Officer and director John T. Rynd, effective immediately…
Specialist drilling waste management company TWMA reports it has secured new contracts valued at £20 million ($24.3 million) in the North Sea in the first eight months of 2019.The contracts, with major North Sea operators, are for TWMA to provide…
Russia's natural resources and environment minister said on Wednesday he supported allowing private oil and gas companies to work on the Arctic shelf.Speaking to reporters at an economic forum in the far eastern Russian city of Vladivostok, the minister…
Abbu Dhabi National Oil Co (ADNOC) said on Wednesday it signed a $600 million pipeline infrastructure investment agreement with Singapore's sovereign wealth fund GIC.The deal follows previous investments by BlackRock, KKR and the Abu Dhabi Retirement…
Thirty-three oil companies submitted bids for exploration blocks offshore Norway in a so-called predefined areas (APA) licensing round, the Ministry of Oil and Energy said on Wednesday.This year's round comprised 48 blocks in the Arctic Barents Sea…
National Oilwell Varco (NOV) said that it was awarded a contract to design and build equipment for one of the world's largest offshore wind turbine installation vessels. Financial details were not disclosed.According to a press release, NOV…
Ørsted has officially opened the Hornsea Two Offshore Construction Base (HTOCB) for its 1400MW Hornsea 2 project at Humberside Airport in Lincolnshire.The building, formerly a police station at the airport, will now house around 30 Ørsted employees…
National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.APL, part of NOV's Completion & Production Solutions segment…
The final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Rystad Energy…
Texas-based oil and natural gas producer W&T Offshore has closed the previously-announced purchase of ExxonMobil interests in and operator-ship of oil and gas producing properties.The properties includes those in the eastern region of the Gulf of Mexico…
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