Russian oil and gas company Gazprom Neft said that its Prirazlomnaya offshore platform in the southeastern Russian Barents Sea has produced its 12-millionth metric ton (13.23 MM ton) of ARCO (Arctic-blend) oil.The shipment was delivered by the…
Russian natural gas producer and LNG major Novatek said that its wholly-owned subsidiary Arctic LNG 1 has secured the rights to explore the Bukharinskiy license.Arctic LNG 1 won on the auction for geological survey, exploration and production…
UK headquartered offshore drilling contractor Valaris announced on Monday that it has received a $200 million cash payment resulting from a settled dispute with South Korean shipbuilder Samsung Heavy Industries (SHI).Earlier this year, an arbitration…
Offshore drilling contractor Seadrill announced on Monday it has secured a three-year contract for the jackup drilling rigs AOD II and AOD III in the Middle East, in direct continuation of their current contracts.Total contract value is expected…
Malaysia’s Petroliam Nasional Berhad (Petronas) announced it has acquired stakes in two deepwater fields in the Campos Basin offshore Brazil.Petronas said on Sunday its subsidiary Petronas Petróleo Brasil Ltda. (PPBL) completed its acquisition…
From reporting on major new deepwater discoveries and impressive engineering and technological feats, to expert commentary on impactful market trends, Offshore Engineer delivered no shortage of exciting offshore industry coverage throughout 2019…
Fugro announced on Monday it has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of $35 million…
Matthew Tremblay, ABS SVP, Global Offshore Markets, discusses the course ahead for the burgeoning US offshore wind market.
Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.Chevron was awarded the first block, Shell a second block, and a third block was awarded…
Greece's Prime Minister said in remarks published on Sunday that if Athens and Ankara cannot solve their dispute about maritime zones in the Mediterranean they should turn to the International Court of Justice (ICJ) in The Hague to settle the disagreement…
Europe — okay, Brussels — is keenly anticipating the day hydrogen begins supplanting the natural as in its pipeline net, as more explosive H could mean energy storage, motive power and, perhaps, heating.It wants more hydrogen from offshore platforms…
Swiss-Dutch company Allseas Group said it has no plans to resume laying pipes for Russia's Nord Stream 2 gas pipeline project, Russian state news agency TASS reported on Monday.Russia said it has its own vessel to complete the construction of…
ExxonMobil said on Monday it acquired more than 1.7 million acres for exploration offshore Egypt.The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin…
IT service provider Accucode is partnering up with RCAM Technologies, a specialist in large-scale concrete additive manufacturing, to develop large-scale, 3D printed concrete structures supporting offshore wind turbines.The partnership with Accucode comes on the heels of a grant announcement…
French civil engineering construction company Eiffage Métal SAS awarded Sif Holding n.v. the order for the delivery of 80 monopiles and the primary steel for 80 transition pieces (77 KTon steel) for the 480 MW Saint- Nazaire offshore wind farm (OWF) in France…
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