Oslo-listed drilling company Awilco Drilling has signed a Letter of Intent with an unnamed operator for the provision of its WilPhoenix drilling rig.Awilco said Thursday that the contract would be in support of a three well Plug & Abandonment program…
The proposed merger between Prosafe and Floatel, two of the largest offshore accommodation providers, has hit a stumbling block in the UK after an in-depth review by the competition authority said the deal 'raises competition concerns.'The two…
British energy market regulator Ofgem has launched an investigation into National Grid and Scottish Power’s delivery of a high-voltage direct current (HVDC) subsea cable which carries energy from Scottish windfarms to north Wales.The Western HVDC - known as Western Link - is a £1…
Danish energy giant Ørsted has entered into an agreement with the Port of Virginia to lease a portion of the Portsmouth Marine Terminal for offshore wind staging materials and equipment.According to Virginia governor's office, Orsted could use…
The global provider of mobile satellite communications Inmarsat and the Panasonic Avionics Corp subsidiary ITC Global have announced a five-year strategic collaboration.The partnership enables the organisations to combine their highly complementary…
The global wind power industry is expected to install more than 626,800 MW of new capacity over the next decade, said a report.According to a report from Navigant Research, this new capacity represents a market worth more than $92 billion in 2019 and more than $1 trillion over the forecast decade…
For any new offshore oil and gas project, calculating costs is key. Operators must assess both up-front capital expenditure (capex) as well as expected ongoing operational expenditure (opex) over the life of the project and weigh these figures…
Mexico's state oil company, Petroleos Mexicanos, wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets under way, its top official said on Wednesday.Pemex Chief Executive…
Some 58.5 billion cubic meters (bcm) of natural gas were shipped from Russia to the EU via the Nord Stream pipeline in the Baltic Sea.Nord Stream AG, the operator of the 1,224-kilometer twin pipeline shared the number on Wednesday.It said: 'Thanks to uninterrupted operation throughout the year…
ABS announced on Wednesday it has been awarded more than $2.1 million for two projects focused on strengthening safety culture in the offshore oil and gas industry.The money from the Gulf Research Program (GRP) of the National Academies of Sciences…
Aquaterra Energy and Oceaneering have signed an agreement to jointly offer decommissioning and late-life solution packages to the North Sea oil and gas industry.The two companies will offer tooling and services in platform well abandonment, subsea well abandonment…
The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…
U.S. oil and gas producer Hess Corp on Wednesday reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and natural gas liquids more than offset higher production at its Bakken shale assets in North Dakota. The company said average selling prices for natural gas fell 27…
Norwegian offshore services and supply vessel company Solstad Offshore has renewed its connectivity contract with Marlink, committing 65 offshore vessels to Sealink, Marlink’s high-throughput Ku-band VSAT service. Solstad’s vessels will be provided…
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
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