Kraken Robotics' OceanVision marine technology development project will move forward with conditional approval – and millions in funding – from Canada's Ocean Supercluster.The three-year, $20 million project is being spearheaded by Kraken subsidiary…
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken, the Norwegian energy company announced on Thursday. It said the well was drilled by the Askepott rig and the discovery will soon…
Israel-focused gas driller Energean said on Thursday it will buy Italian energy group Edison's oil and natural gas unit for an initial consideration of $750 million.The acquisition would significantly expand Energean's operations in the growing eastern Mediterranean gas hub…
Norwegian semi-submersible accommodation vessel owner Prosafe has taken delivery of the Safe Eurus, an advanced and flexible vessel for worldwide operations excluding Norway.The Safe Eurus was delivered in May and will shortly begin mobilization…
South Africa’s offshore space is getting busier ahead of the finalization of the country’s oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country’s under-explored offshore hydrocarbon reserves…
Danish provider of offshore service vessels A1 Offshore Solutions ApS and lifting and offshore equipment specialist KenzFigee have signed a cooperation agreement to offer clients in the offshore oil, gas and wind industry a cost-efficient and safe Walk-to-Work vessel solution…
Norway's Oceanteam Solutions has extended subsea cable storage contract with one of Europe’s biggest cable manufacturers.The 6-months extension plus two times 3 months options follows a successful two years of cable storage in Oceanteam’s 1100t carousel at its cable storage facility in Velsen…
The offshore wind turbine maker, MHI Vestas Offshore Wind A/S, signed a conditional contract of purchase with Taiwanese chemical group Swancor Holding Co Ltd to comply with the nation’s supply chain localization requirements.The agreement “goes…
A memorandum of understanding (MOU) signed this week by Saudi Aramco and Baker Hughes, a GE company (BHGE) will see the two firms establish a new joint venture facility in Saudi Arabia to manufacture non-metallic materials which will be used in a variety of areas of the energy industry…
Maritime Developments (MDL) said it has been awarded a follow-up flexible and umbilical installation job offshore West Africa.The work scope is a continuation of the EN-09 project, concluded in April 2019. The project is run by DeepOcean Ghana…
The template and manifold for the Neptune-Energy-operated Fenja project are currently undergoing factory acceptance testing (FAT) and system integration testing (SIT) in Eydehavn, Norway, as the subsea development ramps up toward planned first oil in 2021…
APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…
Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country's Department of Energy said on Wednesday.U.S. energy giant Exxon, French group Total and Britain's Tullow Oil are drilling wells offshore Guyana…
Eni and its partners have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana, the Italian supermajor announced of Wednesday.Eni said it will be the operator of the license, and its…
Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.Stefano Porcari, chief operating officer at the group's E&C Offshore Division…
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