The size of the prize of so-called digitalization technologies is enormous. How much is reality and how much is hype?UK-based analyst firm Wood Mackenzie asked this very question. The results are perhaps not that surprising.Speaking at Offshore Europe…
The European Investment Bank (EIB) has agreed to lend 250 million euros to the electricity transmission company TenneT for the western section of TenneT’s “Zuidwest 380 kV” project. According to the bank's statement, the project will enable…
The Norwegian economy remains strong despite the sharp fall in the price of oil, Norway's biggest export, but it is too early to tell what the full impact will be from cheaper crude and the coronavirus, Finance Minister Jan Tore Sanner said on Monday…
Jack-up drilling leasing company Shelf Drilling has won a contract extension for one of its offshore drilling units in Egypt.The drilling contractor said Monday it had won a one-year contract extension for the Trident 16 jack-up rig. The contract…
Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand…
London-listed Serica Energy has resumed production from its Bruce platform in the UK sector of the North Sea, following a halt in January.Production was halted on Bruce while engineering work was carried out to secure an unused caisson, which was found to be in a deteriorated condition…
Macquarie's Green Investment Group (GIG) and EnBW Energie Baden-Württemberg AG have reached an agreement with Japanese utility JERA to join in developing Taiwan's Formosa 3 offshore wind farm. JERA now holds a 43.75% stake in the project. The Green Investment Group holds 31…
Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…
Shearwater GeoServices has won a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA. This will be Shearwater's first OBS ROV (Remotely Operated Vehicle) survey. Irene Waage Basili, the CEO of Shearwater…
Seismic firm TGS, in partnership with oilfield services giant Schlumberger, has announced the second phase of its ultra-long offset node project in the U.S. Gulf of Mexico.The phase will extend the footprint of ultra-long offset data to the…
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by the economic fallout from the coronavirus, and OPEC responded by removing limits on its own production…
Belgium-based DEME Offshore has installed all 37,000 tonnes of foundation pin piles at the site of the 950-MW Moray East offshore wind project off the north east coast of Scotland.'Having designed the piles to contend with a complex and varied seabed geology…
China-based Jiangsu Zhongtian Technology Co (ZTT) is set to deploy its fleet of installation vessels on the Jiangsu Rudong H6 offshore wind farm in China.The Jiangsu Rudong 800MW project, marked asone of the Super Projects with the largest capacity and investment in these projects…
Refit and repair provider Diverse Marine Ltd has signed a modification and upcycling contract with an offshore wind crew transfer vessel (CTV) service provider Turner Iceni Ltd. for the modification and upcycling of ‘Iceni Courage’ following a competitive tender process…
Equinor has received regulatory approval to use the Deepsea Atlantic offshore drilling unit for operations at Tordis and Vigdis fields in the North Sea, offshore Norway.The Petroleum Safety Authority said Friday that the drilling and completion operations…
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