Sparrows Group Cable and Pipe Lay Solutions (CPLS) division has delivered its largest renewables project to date as part of three contracts awarded through VBMS; DEME Offshore, formerly known as Tideway; and DeepOcean. The work scope, part of…
As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have…
International energy consultancy Xodus Group said it has expanded its decommissioning offering with the appointment of its first well decommissioning manager. Gavin Bell will be responsible for developing and delivering Xodus’ new well decommissioning…
Søren Kringelholt Nielsen has been appointed as the new CEO of Svanehøj Group, a Danish designer and manufacturer of specialized deep well and in-line pumps for the marine and oil and gas industries.The new cheif executive comes to Svanehøj from Hydratech Industries…
British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels' worth of prospective resources the company is investigating, Seapulse said.EnQuest, which at a market cap of around $437 million is saddled with over $1…
Norway's BW Offshore is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) and Chevron, for an undisclosed price, the Oslo-listed company said on Monday.A final deal is subject to board approvals and other conditions…
Russia's No.2 oil producer Lukoil's fourth-quarter net profit rose to 159 billion roubles ($2.42 billion), up from 120.5 billion roubles in the same period a year earlier, the company said on Monday.Fourth-quarter revenue stood at 2 trillion roubles…
Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the northern part of the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil…
UK-based water company Northumbrian Water has signed what is believed to be the UK’s first corporate power purchase (PPA) agreement with Danish renewable energy specialist Ørsted for offshore wind.The 10-year deal is an expansion of a renewable electricity supply agreement between the companies…
Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries…
German wind turbine manufacturer Senvion Group has concluded a 30-megawatt (MW) contract with Renexia for the first offshore wind farm in the Italian Mediterranean Sea.The wind farm will feature ten Senvion 3.0M122 turbines, installed on monopile…
The EU Marinet2 project has awarded 36 offshore renewable energy developers total funds of EUR 1.2 million for testing technology under its latest funding call.Thedevelopers will benefit from the free lab, tank and open-sea testing, courtesy of the MaRINET2 project…
Oil giant ExxonMobil, together with partner Qatar Petroleum (QP), made giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus and estimated in-place gas resources in the reservoir at 5 to 8 trillion cubic feet (tcf) of gas…
Last week, the first electricity has been generated by the Belgian offshore wind farm Norther. Only 7 months ago, the Dutch maritime contracting company Van Oord started with the installation of the first foundation and already the first power is delivered to the grid…
Two Belgian companies - Aerospace industry supplier SABCA and DEME Offshore - have formed a partnership to use drones for inspection services in the offshore wind energy industry.SABCA, a leading tier 1 aerospace industry supplier and DEME Offshore…
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