French oil company Total plans to invest between $600 million and $700 million per year in Brazil for oil exploration and production through 2024, newspaper Valor Economic reported on Monday.Total's global chief for oil and exploration, Arnaud Breuillac…
Oil prices jumped more than 3% on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.Brent crude was at $51…
Europe has expanded its offshore leadership by adding 3.6 gigawatt (GW) of new commissioned capacity in 2019, bringing the total offshore wind installed capacity at the end of 2019 to above 22GW.According to the recent report of GlobalData, spreading across 12 European countries…
The provider of ship drydocking, repair and refit services in Greece Chalkis Shipyards S.A. has formed a collaboration with National Technical University of Athens (NTUA), the Hellenic Center for Marine Research (HCMR).The “WIndfloat.gr – Innovative…
Offshore Heavy Transport’s (OHT) new semi-submersible wind farm foundation installation vessel Alfa Lift reached yet another step forward towards delivery, with its first launching last week.The hull was launched into the water for the first time…
The giant offshore wind farm (OWF) project in the Moray Firth, off Scotland has finished pin piling work for 100 turbines and three substations at the site.The 950MW Moray East offshore wind development confirmed it has installed 309 pin piles…
The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have announced plans to form a cooperation agreement for offshore wind energy in Poland modeled on the UK's Offshore Wind Sector Deal concluded in March 2019…
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…
There are surveys, and then there are surveys. For survey-tech outfit, Ecotone, the business model is offering a faster, digital way to monitor the health of seabed environments and offshore infrastructure. There’s enough to do with Norway set to invest $4…
Engineering company Wood has secured a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico.The scope of the project included the preliminary, front end engineering and design (Pre-FEED)…
Norwegian offshore survey company Electromagnetic Geoservices has signed a letter of intent with a minimum value of $3.6 million from an undisclosed client for a survey offshore Namibia.Under the terms of the pending data licensing agreement…
The coronavirus outbreak could cut oil industry investment this year by tens of billions of dollars and delay the delivery of offshore installations currently being built at Asian yards, Oslo-based consultancy Rystad Energy predicted on Friday…
Offshore installation specialist DEME Offshore has shared that its flagship offshore vessel Orion has been fitted with a huge crane boom.The crane boom, delivered by Liebherr, measures more than 145 meters and has a lifting capacity of 5,000 tonnes at more than 35 m outreach…
Angolan state oil company Sonangol will begin in April to sell its stakes in several private firms, chair Sebastiao Gaspar Martins said, as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022. The…
Subsea marine robotics company Ocean Infinity said it has been awarded a contract with ExxonMobil, for high-resolution autonomous underwater vehicle (AUV) geophysical and geotechnical data acquisition within the promising Stabroek block offshore Guyana…
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