The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, Norwegian energy intelligence firm Rystad Energy said in a report on Thursday…
While much focus on resident subsea vehicles has been about the vehicles, there’s also been a lot of focus behind the scenes on creating electric tooling. The industry has relied on hydraulic tooling since tooling has been used, with the benefits and drawbacks that come with it…
North Sea private equity player, Hitecvision — the firm behind the rise of well-known E&P players and suppliers — has decided to bundle 20 of its oilfield suppliers into a well-capitalized industrial group with other-than-offshore aims.Hitec said the offshore suppliers would live on in a new…
Malawi’s 2019 Presidential election was annulled early this year by the Constitutional Court with directions to Malawi Electoral Commission asked to hold a fresh poll in five months. The question in the minds of many in the oil and gas exploration…
The start of production at Repsol's Yme oilfield, the group's largest project off Norway, will be delayed until the second half of 2020 as preparations take longer than expected, the Spanish energy firm confirmed on Thursday. Repsol, which holds…
Australia's Woodside Petroleum Ltd warned on Thursday the coronavirus outbreak is hampering its efforts to seal gas deals and sell stakes in a key growth project, as it reported a 25% drop in annual underlying profit. The profit fall was in…
Norwegian offshore IMR specialist Reach Subsea has said it been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.The projects, with undisclosed clients, involve both inspection…
Norwegian seismic specialist TGS has announced a 3D Ocean Bottom Seismic imaging program over Main Pass and Viosca Knoll areas in the U.S. Gulf of Mexico. The company expects the new data will help E&P firms to fully explore the area.TGS says…
Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy. The government of President…
Norwegian energy company Equinor has chartered two platform supply vessels from compatriot offshore vessel owners Eidesvik Offshore and Havila.Eidesvik Offshore has secured an eight-month charter for its platform supply vessel Viking Queen.Eidesvik…
Offshore accommodation rig providers Floatel and Prosafe have called off their proposed merger amid objections from competition regulators in Norway and the UK.The all-stock merger, proposed in June 2019, had promised to create the world’s largest offshore accommodation company with…
The dispute over who will run operations for a major offshore oil discovery in Mexico could eventually come down to the technical opinion of the country's independent oil regulator, according to one of the body's commissioners. Closed-door talks…
Oil majors BP, Shell and Total want to connect some of their oil platforms to Norway's onshore power grid to reduce carbon emissions, BP said in a letter to the oil and energy ministry. Pressure has intensified on fossil fuel companies to curb…
Creditors of Premier Oil gave the indebted oil and gas producer their approval for $800 million of North Sea acquisitions under a scheme that would allow it to delay debt repayments and issue new shares. The vote supporting Premier's management is a blow to hedge fund ARCM…
The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen…
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