The last 12 months has seen a long-envisioned concept in field resident subsea finally make it mainstream. The idea now features in talks by chief technology officers at major industry events, instead of just being the focus of a smaller subsea side events…
Global offshore support vessels supply base (OSB) market to reach around USD 6400 million by 2026 and is increasing at a CAGR of 5.4% during forecast period.According to a report by Facts & Factors, an increase in offshore investments in emerging…
The new service operation vessel (SOV) of Bernhard Schulte, designed and built by Ulstein, will carry the name 'Windea Jules Verne' and work for GE Renewable Energy at the Merkur offshore wind project soon.The vessel received its name after one of the world’s most popular adventure writers…
Siemens Gamesa Renewable Energy (SGRE) said it has been selected by the Danish developer Ørsted as the preferred turbine supplier for two of its offshore wind power projects in the German North Sea totaling 1.142 GW.At both the 900 MW Borkum Riffgrund 3 and the 242 MW Gode Wind 3 sites…
The wind blows steadier at sea than on land, creating more reliable energy conditions for the generation of renewable energy—a major opportunity to combat climate change without disrupting the lives of those people it will benefit the most.…
Answers to six key questions regarding protection of offshore production innovations.Congratulations! You’ve just redesigned the subsea isolation valve control system (SSIV) that your company sells for use as part of an emergency shutdown system for an offshore production site…
Lukoil shook up its oil production business on Wednesday, promoting a low-profile executive and splitting the role of a veteran of Russia's top private oil producer, who is seen as a possible future leader. đRussia's second-biggest oil producer…
Marine robotics and offshore survey specialist Ocean Infinity, has completed a survey contract with the French oil major Total, in Angola, achieving what it describes as a first such survey in the industry.'The project was the first time that geophysical…
Oilfield engineering and construction company Global E&C has said it has acquired 100% share capital in commissioning specialists Magma.Global E&C was formed in March 2019, following the majority acquisition of Apollo by Global Energy Group…
Norwegian offshore vessel owner Island Offshore has informed that its Island Victory installation vessel – delivered in February – has finished mobilizing for its first campaign in the Barents Sea.Island Offshore said that the versatile vessel…
In November 2019 ABB announced the commercial availability of its new subsea power distribution and conversion technology system. Jointly developed with Equinor, Chevron and Total, the tech aims to see the majority of the world’s offshore hydrocarbon…
Output at Norway's Johan Sverdrup oilfield will rise to 433,000 barrels per day (bpd) in April from around 350,000 bpd at the end of last year, according to a schedule seen by Reuters which operator Equinor shared with oil traders. The first…
Danish offshore wind developer Ørsted has increased its full-year guidance by DKK 1 billion ($148,8 million) and now expects EBITDA excluding earnings from new partnership agreements to be DKK 16-17 billion ($2,38 billion - $2,53 billion) in 2020…
Civil strife has been one of Africa's biggest hurdles to the exploration and production of oil and gas on the continent's waters. Despite a reduction in the conflicts, violence has flared up again in East Africa, as forces loyal to Somalia clashed…
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak. Brent crude was down by 1 cent at $51.85 a barrel at 0915 GMT…
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