Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades.'Found resources…
The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.OPEC and allies led by Russia…
Norwegian offshore energy services firm Aker Solutions, which last week merged with Kvaerner, on Monday launched a campaign aimed at speeding up 'the transition to sustainable energy production.'The company, which has 15,000 employees around the world…
Malaysia's Sapura Energy has, via its engineering & construction and drilling subsidiaries, recently won contracts worth RM611 million (around 148,4 million).Sapura Energy Berhad (“Sapura Energy' or the “Company”) is pleased to announce that…
Oilfield services company Expro has said it has secured 'a major contract' for its subsea riserless well intervention (RWI) solution with Chevron in Australia.Under the five-year contract of an undisclosed value, Expro's Australian subsidiary…
Dutch-based Fugro and Japan's NYK Group have signed a memorandum of understanding to provide offshore geotechnical services in Japan.The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects…
Norwegian oil major Equinor is promoting more women to its top leadership team, including the head of a new digital technology division, while cutting the group's overall number of senior executives, it said on Monday.It is the first corporate reshuffle by Chief Executive Anders Opedal…
Less than a week after it was announced that Shell would hire the Maersk Viking drillship for one well off Brunei, the oil company has now decided to exercise the extension option to add one more exploration well to the work scope.The contract extension has an estimated duration of 35 days…
Norwegian oil and gas firm Equinor has received consent from the Norwegian Petroleum Directorate to start up work on the Snorre field redevelopment, in the Norwegian part of the North Sea. The expansion of the Snorre field in the North Sea consists of six subsea templates…
Boston Dynamics’ dog-like robot ‘Spot’ is learning new tricks.Working on an oil platform operated by BP nearly 190 miles (305 km) offshore in the Gulf of Mexico, the company is programming Spot to read gauges, look for corrosion, map out the…
Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec.The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…
CorPower Ocean, a Sweden-based developer of wave energy converters, has secured a 10-year marine license in Portugal.The company said the license provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the coast of Aguçadoura in northern Portugal…
Finland-based propulsion specialist Steerprop has recently won a contract to deliver azimuth units as the main propulsion and steering system for a shallow-draught ice-breaking vessel being built for offshore oil operations in the Russian Far East…
Energy intelligence group Wood Mackenzie has said that a world on a 2-degree celsius pathway could significantly reduce upstream gas investments - by 65% through to 2040.To remind, countries that signed the famous Paris Agreement in 2016, committed…
The compliance of OPEC+ with oil production cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday, maintaining a strong level of adherence to their supply-cut pact.The compliance assessment will be reviewed and confirmed…
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