The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels.At the conference…
Oslo-listed seismic contractor Magseis Fairfield has won a 'small size' Ocean Bottom Node contract in the North Sea.The contract is with an unnamed multi-client company. According to Magseis Fairfield, the survey will be conducted in Q3 2021 with roughly 500 MASS nodes…
International oil companies operating in Nigeria owe $4 billion to an agency responsible for fostering development in the Niger Delta, the impoverished wetlands region where much of the industry is located, a minister said on Thursday.Tayo Alasoadura…
An ailing crew member was medevaced from an oil platform approximately 150 miles east of Corpus Christi, Thursday, the U.S. Coast Guard said.The Coast Guard said its watchstanders at Sector/Air Station Corpus Christi received a call at 10:20 p…
Engineering firm Wood, know to OEDigital audience for its services in the space of offshore oil and gas, said Thursday it had agreed a $600 million (£430m) loan with UK Export Finance, the UK government's export credit agency, which will help…
Offshore Support and Logistics Services Company (OFCO – Offshore International), the integrated maritime logistics service provider that is jointly owned by Allianz Marine & Logistics Services (AMLS) and SAFEEN, Abu Dhabi Ports’ marine services arm…
Crude oil loading at Equinor's Sture export terminal on Norway's west coast was interrupted on Thursday after activists from the Extinction Rebellion group breached the facility's safety zone, the company said.Equinor halted the loading of the TS Bergen Aframax vessel…
China's top offshore oil and gas driller CNOOC Ltd said it would channel up to 10% of annual spending to green energy by 2025, and announced interim net profit more than tripled from last year as oil prices rebounded.That doubles a previous…
Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday.The small South American country has become one of the world's oil exploration hotspots…
Offshore drilling firm Valaris said Thursday its CEO Tom Burke would step down from his position as President and Chief Executive Officer and member of the Board of Directors, and that its CFO Jon Baksht would step down, too, both effective September 2…
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin…
There's also space in the market for resident observation systems, believe Boxfish Research and Transmark Subsea. The two companies signed a partnership agreement in October 2020 to deliver a fully autonomous resident observation ROV, the ARV-i…
Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.Exxon's board is considering a pledge to cut…
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a suspension.The Biden administration this week challenged the court decision…
China's top offshore oil and gas driller CNOOC Ltd said on Thursday its first-half net profit more than tripled from a low base last year, supported by rebounding oil prices and recovering energy demand after the pandemic.CNOOC Ltd, a listed branch of China National Offshore Oil Corp…
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