Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.Shell won three oil and two gas concessions in Egypt in February.Eni, BP and ExxonMobil also won some of a total…
Aberdeen-based deepwater specialist Balmoral announced it has won three industry awards in recent weeks.Earlier this month, the company picked up two prizes at the Energy Industries Council (EIC) national awards in the ‘Service and Solutions’ and ‘Collaboration’ categories…
The value of the global market for subsea power cables needed to build offshore wind farms will grow by 57% from GBP 717 million this year to over GBP 1.13 billion by 2023, according to a new report by RenewableUK.The study – 'Offshore Wind…
Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a subsidiary of Houston rig and equipment builder National Oilwell Varco (NOV).The agreement entails a new GustoMSC drilling…
The number of wells drilled could challenge all-time high levels by the end of the year in the Norwegian Continental Shelf (NCS), while global offshore exploration activity has been flat year-to-date.Rystad Energy expects that this high activity…
Offshore wind farms service provider has signed a long-term charter contract agreement with Ørsted, to deliver the world’s first hybrid powered Surface Effect Ship (SES) to Borssele 1 and 2 offshore wind farms.The agreement between Ørsted and CWind…
The North Sea oil and gas industry’s 50-plus year heritage now means that history is being revisited as facilities – including subsea wells – installed decades ago are decommissioned.One is the first early production system tieback, which included…
The P&A scope is large and the challenges diverse. It’s also an activity that’s increasing. In 2017, for the first time, more wells were abandoned in the UK North Sea (approximately 160) than new wells were drilled (less than 100), as fields reach the end of their productive lives…
The offshore industries and researchers are sharing industry-acquired ecological data as part of a program increase understanding of the influence of manmade structures on the ecosystem of the North Sea.The INSITE Program has attracted recognition and support from industry…
SBM Offshore completed the $1.14 billion project financing of Liza Unity floating production, storage and offloading unit (FPSO), the Netherlands-based company announced on Wednesday.The project financing was secured by a consortium of nine international banks…
Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area…
Marine geoscience companies CGG and TGS announced they have completed a 5,000 square kilometers multi-client 3D survey in the highly prospective Greater Castberg area in the Barents Sea offshore Norway.The survey commenced in the second quarter…
Energy services company Wood said Stephanie Cox will take over as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business.Responsible for the firm’s…
Suncor Energy reported its third near miss in less than a year on board the Terra Nova floating production, storage and offloading unit (FPSO) stationed approximately 350 kilometers offshore Newfoundland and Labrador, Canadian authorities said…
Crude oil production in the US Gulf of Mexico will continue to set records through 2020, the US Energy Information Administration (EIA) expects.The EIA said it anticipates average annual crude oil production in the US Federal Gulf of Mexico (GoM) in 2019 and in 2020 will top the 1…
Subscribe
