Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic meters (bcm), the company said on Friday.The fields are located in the Kara Sea and hold 390.7 bcm and 120…
A “potentially revolutionary” new offshore wind foundation is being put to the test, says hydraulic engineering and offshore renewable energy specialist HR Wallingford.The company is working with partners Offshore Design Engineering (ODE), DNV-GL…
Authorities say they have finally contained a 14-year oil spill in the US Gulf of Mexico.The US Coast Guard said it worked alongside a team of contractors to deploy a subsea system that successfully contains and collects oil being discharged…
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.After BP's 2018 carbon emissions rose to their highest in six years…
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying.The Russian-led company…
The offshore oil and gas industry appears to be in a fragile recovery, according to research consultancy Westwood Global Energy Group.Oil prices are expected to remain between $60/bbl and $80/bbl into the early 2020s before rising, and offshore spending between 2019 and 2023 is projected to hit $1…
Offshore wind developer Vattenfall is partnering with manufacturer GE Renewable Energy on developing its 12MW Haliade-X turbine platform to aid bids at future offshore wind capacity auctions.With a capacity of 12MW, it is the largest offshore wind turbine on the market to date…
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean shipbuilder Samsung Heavy Industries (SHI).Further, the company will be claiming…
Italian multinational corporation Prysmian Group has secured a €200m contract to provide export cables for the 800MW Vineyard Wind project off the coast of Massachusetts in the US.Vineyard Windis a US offshore wind development company 50% owned…
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement…
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its Atlantis Turbine and Engineering Services (ATES) division will enter into a Technology…
Production at oilfields that feed into North Sea crude grade Flotta Gold has been shut down due to repairs on the main pipeline to the export terminal in Scotland, a spokesman for the terminal operator said.'We are carrying out repairs to a…
UK-based custom subsea umbilical and cable solutions provider Fibron revealed its new branding to the offshore market during the Offshore Technology Conference (OTC) in Houston last week.Managing Director, Bruno Cianfini, reiterated the company…
Electromagnetic Geoservices ASA (EMGS) announced Thursday it has entered into an agreement for a fully prefunded multiclient 3D controlled source electromagnetic (CSEM) survey in the Norwegian Barents Sea.The contract has a value of $1.25 million…
Russian oil company Lukoil said it has commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019.The field is operated…
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