The global unmanned underwater vehicles (UUV) market was around USD 2.92 billion in 2018 and is expected to reach approximately USD 7.64 billion by 2025, at a CAGR of slightly above 14.91% between 2018 and 2025.The global unmanned underwater vehicles market is growing…
The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions will likely remain somewhat challenging…
Norwegian authorities have given Equinor consent to use Island Wellserver for light well intervention (LWI), the Petroleum Safety Authority (PSA) announced on Wednesday. The consent concerns an extension to an existing LWI approval as well as a new operation using a coil hose…
Norwegian energy company Equinor has received consent from the Norwegian Petroleum Directorate (NPD) to start production at the Utgard field.Equinor is said to be planning startup during September 2019.The field is located on the border of the UK and Norwegian areas of the North Sea…
Airborne Oil & Gas announced on Wednesday it has secured a contract with Addax Petroleum which will see the firm deliver two gas lift jumpers offshore Nigeria.The Netherlands headquartered business will supply two, 180-meter-long thermoplastic…
A group of projects worth more than £1.3 million ($1.6 million) aims to develop new innovative technologies for use in offshore drilling operations.With the help of £640,000 ($772,000) in co-funding from the Oil & Gas Innovation Center (OGIC)…
In a bid to maintain production rates but with less outlay, operators have been looking closer to home. Reducing costs and increasing efficiency have been high on the agenda. Should well intervention be higher?Well intervention, which can help increase production or restore shut-in wells…
Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder…
UK-based Tekmar Energy has been selected as the cable protection system (CPS) and hang off supplier for the 120-MW Formosa I Phase II offshore wind project in Taiwanese waters.A press note from the company announced that it has received the order from subsea power cable provider JDR Cables…
Norwegian shipowner Simon Møkster Shipping announced that it has entered a 6 month contract plus options for Equinor regarding the Stril Pioner.The contract will start in the direct continuation of present contract which will expire in mid September…
Offshore drilling contractor Pacific Drilling has been awarded a one-well extension for its drillship working for French oil major Total in Offshore Mauritania.Pacific Santa Ana is expected to run from this month to September, said offshore ultra-deepwater drilling company…
Norwegian offshore vessel owner Siem Offshore said it has sold the multipurpose support vessel (MPSV) Siem Marlin to Nigerian services company Marine Platforms.Siem Offshore did not disclose the sale price.Siem Marlin, a 2009-built multipurpose…
Dutch heavy lift shipping and offshore transportation and installation contractor Jumbo said it has shipped the transition pieces (TP) for Taiwan’s Formosa 1 Phase 2 Offshore Wind Farm (OWF).The TPs, the heaviest, tallest and the largest diameter shipped by Jumbo to date…
The Saipem pipelay vessel Castoro 10 (C10) is currently on location offshore Rügen, Germany to tie together the two ends of a Nord Stream 2 pipe string laid last year on the seabed.The two sections will be connected above water with a weld seam…
Australia-based Woodside Energy has awarded Halliburton nine conditional contracts for drilling and completion services for Senegal's first deepwater offshore oil development, the oilfield services company announced on Monday.The SNE Field Development Phase 1 drilling campaign…
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