ABS announced on Monday it is partnering with digital twin specialist Akselos to explore developing cutting-edge digital services to clients.The project unites the experience of applying digital technologies to maritime and offshore assets from ABS with Akselos’ patented technology…
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.Front-month Brent crude futures…
Britain must stop financing fossil fuel projects abroad by 2021 as it undermines the nation's efforts to combat climate change, a report by lawmakers said on Monday.The report, which targets financial support provided by the UK Export Finance (UKEF) agency…
The Norwegian Petroleum Directorate’s chemical analyses of sulphides and manganese crusts from the Norwegian shelf reveal that the sulphides contain a high content of copper, zinc and cobalt.The sulphis contains mostly contain iron, but also…
Global Energy Group (GEG) has won an offshore wind contract worth up to GBP12 million.GEG's Port of Nigg facility, on the Cromarty Firth in the Highlands, will handle the jacket foundation structures for the Moray East offshore wind farm.'Global’s…
Global offshore wind energy market to reach USD 69.63 billion by 2025, said a study.Global offshore wind energy market valued approximately USD 18.48 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15.88% over the forecast period 2018-2025…
Norwegian offshore vessel provider DOF said that its Brazilian subsidiary Norskan has received an extension for one of its vessels working in South America.According to a press release from the supply shipping company, it had won a one-year…
Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…
Offshore driller Seadrill said it has appointed Stuart Jackson as Chief Financial Officer, effective upon release from his current employment which is expected by the beginning of August.Jackson will replace Mark Morris who announced he would step down from the CFO role in January…
A new market-ready universal floating offshore electrical substation for offshore wind farms has been unveiled by project partners Ideol, Atlantique Offshore Energy and ABB, at a technical seminar in Paris on Friday.The new substation, a world…
Kraken Robotics Inc. subsidiary, Kraken Robotic Systems Inc. said it has established a new facility in Dartmouth, Nova Scotia to field test and support its range of underwater robotic platforms and technologies.The new 4,000-square-foot Unmanned…
Fitch on Thursday became the first major ratings agency to downgrade the debt of Mexican oil company Pemex to 'junk' status, in a major setback for President Andres Manuel Lopez Obrador's plans to revive the struggling state-run firm.Fitch changed…
Soil Machine Dynamics Ltd (SMD) announced it has signed a contract to supply a 200Te Multi-Mode Pre-lay Plough to marine service provider Boskalis N.V.Set for delivery in spring 2020, the Pre Lay Plough comes with SMD’s latest surface control…
BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.The talks between Shell, the field's operator, and BP failed due to disagreement over the value of the 27…
Oil workers have been evacuated from the Statfjord A platform in the North Sea after it was struck by a platform supply vessel (PSV), Norwegian oil and gas company Equinor said on Friday.The platform was not producing when it was struck by the…
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