Archer has agreed to acquire an additional 10% of the shares in Iceland Drilling from its joint venture partner Kaldbakur for $2.5 million, settled in Archer limited shares, bringing Archer’s total ownership to 60%.Iceland Drilling is a leader in high-temperature geothermal drilling…
Subsea7 today announced the award of a sizeable contract in the US Gulf of Mexico worth between $50 million and $150 million.The scope of work includes engineering, procurement, construction, and offshore installation of a water injection flowline…
Iraq’s upstream sector is undergoing rapid change, with an increasingly diverse corporate ecosystem, and significant investment being funneled into boosting oil and gas production. That said, crucial infrastructure issues still need to be overcome…
Offshore wind farm developer Orsted has no Chinese turbines in its current project pipeline, its CEO said on Thursday, but did not rule out buying turbines or technology from China in the future.The European wind turbine market is dominated by local players such as Vestas and Siemens Gamesa…
ExxonMobil Canada Properties (EMCP) reported a near miss event occurred on August 7, 2024, during a gangway crew change between the survey vessel Amazon Conqueror and offshore supply vessel (OSV) Victory G off Canada's East Coast.Operations…
Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday…
Petrobras has awarded contracts to Techdof, a joint venture between DOF Subsea and TechnipFMC, for two of its pipelay support vessel (PLSVs).Petrobras extended the existing contract for PLSV Skandi Açu to mid-2026. This extension will be followed by the new three-year contract ending mid-2029…
TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, has completed a third-party geotechnical coring project for Geohidra in the Southern Gulf of Mexico.This operation took place aboard the MV Laguna Azule…
Global Energy Group (GEG) has been awarded a contract from Subsea7 Norway, to fabricate 134 subsea spools for the Aker BP-operated Yggdrasil field in the North Sea.The work will be executed from GEG’s flagship multi-user energy facility at the Port of Nigg…
Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…
Seatrium has delivered its fourth jackup rig, Vali, to Borr Drilling from its Pioneer Yard in Singapore about a year ahead of its planned delivery next year.Vali is a KFELS Super B Class rig, specifically engineered to operate in water depths…
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day…
Malaysia-based Icon Offshore Berhad has confirmed that two seafarers were killed and another badly wounded during an incident on board one of its platform supply vessels (PSV).The fatal incident involving Icon Offshore's Icon Amara occurred on August 2…
Shell announced it will use water injection to enhance oil volume capacity at its deepwater Vito field in the U.S. Gulf of Mexico.The British multinational oil major on Wednesday said its Shell Offshore Inc. subsidiary has taken a final investment decision (FID) on the project…
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.Inventories across the European Union and the United Kingdom have risen by just 336 terawatt-hours (TWh) since March 31…
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