Offshore geophysical company Polarcus Limited said it is being sued by PGS Australia Pty Ltd for patent claims relating to the acquisition of seismic data on three surveys in Australia and the processing of that data.'These proceedings follow…
Siemens announced Friday it will supply a lithium-ion battery-based energy storage solution (ESS) to an offshore drilling rig, in a world-first project that aims to reduce cost and minimize environmental impact.Siemens, drawing off its experience in the electrification of marine assets…
Spirit Energy confirmed on Friday it it has taken over operatorship of the Babbage gas field in the U.K. North Sea, where it holds a 13 percent interest.The Europe-focused oil and gas operator has also taken on operatorship of the nearby Cobra licence…
A November 2017 explosion on an offshore production platform, a July 2018 platform diesel generator fire, and an August 2018 leak of 70 gallons of emulsion breaker into the Gulf of Mexico were the focus of a spate of safety bulletins and alerts…
Norwegian subsea cluster group GCE Subsea announced it will change its name to GCE Ocean Technology as it widens its focus to include other ocean industries beyond the traditional oil and gas sector.'Our new name gives us a more distinct identity and is more inclusive as it reflects…
Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters.Roberto Castello Branco, named by president-elect Jair Bolsonaro's economic team to take the helm at Petrobras…
Equinor has received government approval for its plan to boost output and extend the lifetime of Troll, Norway's largest oil and gas field, the company said on Friday.The field accounts for about 40 percent of the natural gas reserves on the…
Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.Its 2019 capital spending budget is at the high end of…
U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude inventory…
Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that it was…
MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth…
Dubai-headquartered offshore drilling contractor Shelf Drilling has bagged a three-year contract award for the Compact Driller jack-up rig with ADNOC Drilling, a division of Abu Dhabi National Oil Company (ADNOC)The contract is awarded for operations in the Arabian Gulf…
Norwegian subsidiary of Italian oil company Eni Norge AS and Stavanger shipping company Simon Møkster Shipping cut fuel consumption on the vessel Stril Barents in the Goliat field.According to a press release from the Norwegean offshore vessel owner…
Malaysia's largest oil and gas services company Sapura Energy narrowed third-quarter net losses as broader operating income more than offset losses at its drilling business.Sapura's third-quarter net loss was 31.1 million ringgit ($7.5 million)…
Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S. Paulo reported on Thursday, citing an unnamed source…
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