Austrian oil and gas group OMV on Wednesday said it would propose a dividend hike for 2018 after the company posted a 53 percent surge in fourth-quarter adjusted operating profit, topping estimates, buoyed by higher sales volumes in Russia and the United Arab Emirates…
Sete Brasil was created in 2010 to manage the construction of 28 drilling units in Brazilian shipyards to fulfill Petrobras contracts to drill its pre-salt plays, at a time when Petrobras unrealistically planned to be the sole pre-salt operator…
London-based international law firm Watson Farley & Williams (WFW) advised Foresight Group of Dubai on the delivery arrangements relating to a LeTourneau Super 116E jackup drilling rig named “VIVEKANAND 3”.The rig was constructed in China by…
Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing…
Norwegian subsea contractor Ocean Installer has been awarded a contract by an unnamed American client, covering the transportation and installation of subsea products for a project offshore West Africa.The subsea infrastructure consists of a network of drill centers…
Teledyne Gavia announced Tueasday that it will formally introduce its new 6,000 meter rated autonomous underwater vehicle (AUV) in April.The newly designed SeaRaptor AUV is slated to make its official debut at the Ocean Business trade exhibition in the U…
Aberdeen-based production optimization specialist Enpro Subsea announced that the £1.5 million investment project in its Flow Intervention Services (FIS) technology, which included a £755,000 research and development grant from Scottish Enterprise…
McDermott International, Inc. on Tuesday announced it has signed a contract with Woodside Energy Ltd. to undertake a front-end engineering and design (FEED) activities for a floating production unit (FPU) for the Scarborough field natural gas development in Western Australia…
Equatorial Guinea will offer offshore Block R with the related Fortuna gas development project in the April licensing round, after the concession was reclaimed from Ophir Energy Plc, the oil minister said on Tuesday.Gabriel Obiang Lima told…
Lee Wilson has joined remotely operated underwater vehicle (ROV) services provider ROVOP as Head of Technology.In the newly created role, Wilson will lead ROVOP's technology development in line with key client drivers such as cost optimization…
Repsol has reached an agreement with Total to acquire its 7.65% stake in the producing Mikkel field, in the eastern part of the Norwegian Sea.The Mikkel field is a gas and condensate reservoir located 35 kilometers south of the Midgard deposit on Equinor’s Åsgard field in the Norwegian Sea…
Gulen Industrial Harbour in Sogn og Fjordane county has been awarded the contract for assembly site for the floating Hywind Tampen wind turbines before they are transported to the field in the North Sea.No work will commence prior to an investment decision for Hywind Tampen…
BP's profit doubled to $12.7 billion in 2018, driven by strong growth in oil and gas output following the acquisition of a large portfolio of U.S. shale assets.The company's debt rose however, and the pace of its share buyback scheme slowed in the last quarter as it completed the $10…
Amid mixed reports on the health of the offshore supply chain, the underreported seismic services segment — a bellwether of eventual market growth or decline — is showing signs that another wave of market recovery is just a year away.Oslo-based…
FLNG & FSRU: Which ones will clear the investment hurdle?IMA/World Energy Reports has just completed a 12-month detailed assessment of the floating liquefaction and regasification market. The 150+ page study examines future market opportunities in floating liquefaction and regasification…
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