Offshore seismic services companies PGS and Magseis Fairfield have agreed to collaborate in the growing hybrid towed streamer and OBN seismic market. The hybrid market is defined as the simultaneous use of towed streamer and ocean bottom node acquisition technologies…
Oil and gas company Neptune Energy on Thursday endorsed the World Bank’s Zero Routine Flaring by 2030 initiative.The initiative brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.The contract is due to start at the end of December 2021…
Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday.Activist investor Engine No…
Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…
Brazil's Petrobras posted mixed production figures on Wednesday as the state-run oil company ramps up output at some major oilfields while also jettisoning a number of legacy production assets as part of a wider divestment drive.In a securities filing…
Norwegian oilfield equipment and technology provider Aker Solutions said Wednesday it has received a letter of intent (LOI) for a front-end engineering and design (FEED) contract from energy company Equinor for the floating production, storage…
Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea…
According to Oil & Gas UK’s latest Tech Insights report, data and digital solutions are finally becoming an integral part of the asset lifecycle. One of the largest areas where they’re applied is facilities management, but what about the design phase…
Singapore-based Sam Pan Marine Holdings Pte Ltd has ordered six Strat Cat 27 (SC27) crew transfer vessels (CTV) from Strategic Marine (S) Pte Ltd, with an option to build and deliver six more vessels.Sam Pan Marine Holdings has also appointed…
The UK Government has selected two industrial clusters as Track-1 clusters for the development of carbon capture utilization and storage projects, putting them on course for launch by the mid-2020s with financial support from the government…
Oil and gas company TotalEnergies E&P UK has recently chartered Vroon Offshore's platform supply vessel for a period of one year. The platform supplier will be supporting operations at Total’s North Sea assets. The new charter follows on from…
Norway's petroleum output in September fell from the previous month, but exceeded official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.Crude oil output declined to 1.77 million barrels per day (bpd) in September from 1…
Aberdeen-based, subsea well intervention technology specialist Interventek announced the commercial launch of a new API 17G qualified, in-riser subsea landing string system. The Revolution-7 landing string is an advanced, 7-inch nominal, 10…
Belgium's largest offshore wind farm, the 487MW SeaMade that can power 500,000 Belgian households, has now been officially inaugurated.The news of the inauguration was shared Wednesday by Ocean Winds, a joint venture created by EDP Renewables and ENGIE (50:50)…
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