Services firm Saipem is considering a merger with rival Subsea 7 in an effort to weather the prolonged industry downturn, Bloomberg reported, citing unnamed sources said to have knowledge of the matter.Commenting on unconfirmed reports, Audun Martinsen…
Aker Solutions said it is working with a group of leading oil and gas operators in a joint industry project that aims to make subsea gas separation a reality.Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field significantly…
Norwegian energy company Equinor said on Friday it has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf (NCS) and onshore plants in Norway.The frame agreements, which Equinor said are scheduled to be signed shortly…
Operators have traditionally grown their resources and reserves through acquisition, exploration and producing more from an already-discovered field. Now, digital technologies are helping operators increase reserves.Wood Mackenzie research director…
Subsea technology and data company Ocean Infinity announced the launch of its third vessel, Normand Frontier. The vessel has now been mobilized, having been signed on a three-year year charter with the Norwegian ship owner Solstad Offshore, in December 2018…
The Petrobras-operated P-68 floting production, storage and offloading unit (FPSO) has begun producing oil and natural gas from the Berbigão field, in the Santos Basin pre-salt, in the deep waters offshore Bazil.P-68 is the fourth unit to come into operation for Petrobras in 2019…
The Turkish oil-and-gas drilling ship Fatih has started its operations off the coast of northeastern Cyprus, Turkish vice president Fuat Oktay said on Friday, despite warnings from European Union for Ankara to stand down.On Monday, the EU Foreign…
Russia's Lukoil said on Friday it had completed the construction of the first well as part of a third development stage of the V. Filanovsky oilfield in the Caspian Sea.The well was drilled with a floating jack up rig Neptune, mounted on a riser block platform…
Isle of Wight shipbuilder Wight Shipyard Co (WSC) has been contracted by CWind to build the world’s first hybrid surface effect crew transfer vessel, to service the Borssele 1 and 2 offshore windfarms located 23 kilometers off the Dutch coast…
Dutch heavy-lift firm Mammoet has reached an agreement that will enable it to provide offshore wind services at the Port of Coeymans Marine Terminal, in New York.The collaboration allows Mammoet access to the port’s 400-acre marine terminal facility…
Ulstein Group unveiled a hydrogen-powered ship design that it claims is market-ready, offering zero-emission marine operations.Recently, DNV GL identified the five most promising alternative fuels for shipping, with hydrogen as the ultimate zero-emission solution…
Oilfield services company Weatherford International announced on Thursday that Christoph Bausch will step down as Executive Vice President and Chief Financial Officer effective November 14, 2019 to pursue other opportunities. He will remain with the Company through November 30…
Remote operated vehicles (ROV) have become standard workhorses for the offshore industry, providing vital support to underwater operations, from drilling to servicing the latest subsea processing technologies. But, they’re now undergoing a transformation…
The Abu Dhabi National Oil Company (ADNOC) said its drilling subsidiary will acquire dozens of rigs to support that national oil company’s upstream growth plans.In the first phase of the wider fleet expansion program, ADNOC acquired, in November 2019…
Bibby HydroMap have taken the 56-meter DP1 survey vessel Glomar Vantage on charter from GloMar Shipmanagement BV.The vessel will initially provide support to existing operations before becoming available for new projects in the first quarter of 2020…
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