EOLOS Floating Lidar Solutions, a start-up supported by EIT InnoEnergy, has completed a significant capital injection by the entity of the Swiss investment company Prorsum AG.Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as “a significant closing for EOLOS…
The Norwegian ship owner Golden Energy Offshore has decided to install Ulstein Blue Box on two of their vessels.The offshore service vessels for the global oil and gas service industry quoted ship owner Per Ivar Fagervoll as saying: “With Blue…
The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…
Bourbon said a mission has been launched to rescue 14 crew from one of its vessels taking on water in heavy seas near a category 4 hurricane in the Atlantic Ocean.The French offshore vessels owner said water is entering the stern of the 49.5-meter tug supply vessel Bourbon Rhode…
ExxonMobil said on Thursday it will sell its Norwegian upstream oil and gas assets to independent exploration and production company Vår Energi for $4.5 billion as part of an ongoing large-scale global divestment plan.The deal, which is expected to close in the fourth quarter…
U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.Thailand…
After a disappointing well-drilling venture offshore Namibia in the fourth quarter of 2018, Guernsey-registered hydrocarbons exploration and production company Chariot Oil & Gas has no immediate plans for additional exploration wells in this driest country in Sub-Saharan Africa…
Oil and gas industry partners have set out to develop a methodology for qualifying the integrity of digital twin technology – said to be the industry’s first.The methodology, which is being developed by TechnipFMC and DNV GL, aims to bring a…
Archer said it has secured a contract with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz.The firm contract commitment is for permanent plugging and abandonment of two wells and recovery of conductors…
Subsea 7’s Life of Field business unit i-Tech 7 said it has completed a subsea decommissioning and abandonment project for LLOG Exploration Co. in the Gulf of Mexico, using its smart skid technology.Seeking better ways to flush three flowlines…
Independent oil and gas company Jadestone Energy said replacement subsea umbilical cables have been installed at the Montara complex, offshore Australia.The project to replace the umbilical cables, which provide electrical power and control signals to the Montara complex subsea well-heads…
Crown Estate Scotland has delayed the launch of the ScotWind offshore wind leasing round until after the publication of Marine Scotland’s draft Sectoral Marine Plan (SMP).Aligning timescales with the SMP will help to ensure maximum transparency…
The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit…
Italian oil and gas giant to collaborate with global wind and solar developer Mainstream Renewable Power (MRP) for an offshore wind campaign that will begin in the UK.The Eni partnership will focus on clean energy projects in the UK, as well as Africa and Southeast Asia…
French oil giant Total has awarded contracts to Norwegian shipping company Solstad Farstad for two large anchor handling tug supply (AHTS) vessels.The offshore service and supply ship shipping company announced that the contracts were awarded…
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