Royal Dutch Shell announced it will sell its stake in the deepwater Caesar Tonga field in the US Gulf of Mexico for $965 million in cash to a subsidiary of Israel's energy conglomerate Delek Group.Company unit Shell Offshore will sell its 22…
Subsea services group Acteon announced Thursday it has agreed to acquire offshore marine geotechnical and geophysical survey company Benthic. The transaction is expected to complete in May 2019.Houston headquartered Benthic adds deepwater and…
Ensco and Rowan Companies have completed a previously announced merger, creating the new combined offshore drilling company Ensco Rowan, the world's largest by fleet size.The merger completion follows the satisfaction of the transaction’s closing…
The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields…
Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year.The national…
A new digital radiography solution from Oceaneering International aims to help reduce the number of unplanned shutdowns in the oil and gas sector.Typically, radiography uses gamma radiation emitting isotopes. This upsets nucleonic level control instrumentation on pressure vessels and equipment…
Maryland state lawmakers have passed the Clean Energy Jobs Act (CEJA) of 2019, which would incentivize the development of 1.2 GW of additional offshore wind energy off the coast of Maryland.US Wind Country Manager Salvo Vitale testified last…
The Planning Inspectorate Examination for Ørsted’s Hornsea Project Three offshore wind farm, has the potential to be the world’s largest offshore wind farm to date, was completed.With up to 300 turbines, located 121km from the Norfolk coast…
Bermuda-headquartered platform supply vessels (PSVs) operator Nordic American Offshore (NAO) announced that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc.Emanuele A. Lauro, Chairman and Chief Executive Officer…
Subsea energy storage and power generation specialists EC-OG said it has demonstrated the capabilities of its Subsea Power Hub (SPH) for powering subsea production equipment using battery power alone, during a recent workshop test program in Aberdeen…
French-based geophysical services company CGG said it has completed acquisition of 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin.Fast-track data sets will be delivered in batches from the end of April…
The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday.Albuquerque told reporters…
The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings.Originally due to come on stream…
The latest version of Forum Subsea Technologies’ VMAX simulator launched this week is designed to integrate with its next generation of electric remotely operated vehicles (eROV).The XLe Spirit was the first vehicle to be launched from the new range last year…
Equinor has exercised three of six available one-month options to extend the Prosafe accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea, after another round of setbacks has pushed back the oil field's start-up date even further…
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