Oilfield services company Schlumberger said it has formed a partnership with supermajor Chevron and technology giant Microsoft to accelerate creation of innovative petrotechnical and digital technologies. The firms say they will work together…
Norway's Equinor has discovered a gas field in its Eagle prospect in the Norwegian Sea, the energy company said on Tuesday, adding that it plans to extract resources via existing platforms in the areaThe company discovered the gas field along with Norwegian partners Aker BP and Wellesley Petroleum…
As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…
Norwegian energy company Equinor said it has started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. Recoverable resources are estimated at around 40 million barrels of oil equivalent (boe) and daily production on plateau will be around 43…
Offshore oil and gas is among the many industries in the midst of a vast technological shift being driven by rapid advances in new digital technologies and methodologies. Big data, artificial intelligence (AI), digitalization . . . The list goes on and on…
Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.The MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize…
The upstream consortium, led by UK enerrgy giant major BP, announced that the Azeri-Central-East (ACE) project is moving forward at pace with the awards of key contracts.BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development…
Insolvent German wind turbine manufacturer Senvion is in exclusive talks with Siemens Gamesa (SGRE) over the sale of a substantial part of its business.The Germany firm said that it has entered into an exclusivity agreement with Siemens Gamesa…
In an Industry first, the provider of classification services to the offshore industry ABS partnered with Keppel Offshore & Marine (Keppel O&M) in developing the first two new build Drilling Rigs with Smart Notations.One of the rigs, which was delivered earlier this year for work in offshore Mexico…
Siemens Gamesa Renewable Energy (SGRE) has held a groundbreaking ceremony for a nacelle assembly facility in the Port of Taichung in Taiwan that will be its first offshore assembly facility outside Europe.Construction is due to begin in 2020 at the site located in the port of Taichung…
Subsea equipment solutions specialist Ashtead Technology said it has completed a subsea installation monitoring project for Ocean Installer AS in Equinor’s Askeladd and Johan Castberg fields in the Northern Norwegian Sea.The contract saw Ashtead…
The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…
Connector Subsea Solutions (CSS), headquartered in Bergen, Norway, said it has signed an agreement to acquire Hydratight’s MORGRIP Connector business in Walsall, UK.The MORGRIP Connector business will become an integral part of CSS’ extensive…
New mobile mixer technology from annular isolation technology specialist CannSeal facilitates the company’s proprietary epoxy resin to be mixed on-site, opening up new markets independent of location as it removes constrictions associated with storage and curing times…
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…
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