South America contains some of the largest deepwater oil reserves in the world, with Brazil alone possessing over an estimated 30 billion barrel of oil equivalent (BOE). In Guyana, ExxonMobil has recently made its 18th deepwater discovery, which…
Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…
Delta Offshore Energy (DOE), a company developing an offshore gas to power project in Vietnam, has signed a technology license agreement with Stena Power & LNG Solutions.Under the agreement, Stena will grant DOE a license to use its Jetty-Less…
Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…
Currently under construction at Cheoy Lee Shipyards' Hin Lee (Zhuhai) Shipyard facility are two 27-meter wind farm support vessels (WFSV) to support operations and maintenance of the Akita and Noshiro offshore wind farms, in the Akita Prefecture region of Japan…
The U.S. National Offshore Wind Research and Development Consortium (NOWRDC) has selected twelve projects for contract negotiation, completing its first solicitation for offshore wind research and development technology projects. The twelve awards totaling $10…
Japanese marine contractor Penta-Ocean Construction and Belgian offshore installation specialist Deme Offshore have entered into a memorandum of understanding to cooperate in the construction of offshore wind farms in Japan. In light of recent…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
Fugro said on Tuesday it has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters…
Once upon a time, many a year ago, the North Sea was seen as a new deepwater exploration frontier. Some may be surprised that it still is.Back in the 1960s, compared with the shallow waters of the Gulf of Mexico where drillers first got their feet wet…
The global market for offshore wind operation and maintenance (O&M) is expected to grow by 17% annually to €11 billion ($12.4 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. The largest contributor is Europe…
Subsea vehicles and services provider Modus Seabed Intervention has selected JBA Consulting’s operational management software ForeCoast Marine to help optimize the operation of its hybrid autonomous underwater vehicles (H-AUV).The H-AUV capability is part of a development program by Modus…
Oceanographic technology and marine services provider EOM Offshore announced Tuesday it has acquired the assets and operations of the New Jersey-based marine services provider Ocean Tech Services.Ocean Tech Services has a decade of experience…
The New York State Energy and Research Development Authority (NYSERDA) unveiled two contracts with Ocean Tech Services and DNV GL for using floating lidar technology to study the metocean conditions off New York’s coast.The meteorological and…
BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…
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