Shell on Tuesday said it has made a final investment decision (FID) to boost production at the Perdido oil project in the U.S. Gulf of Mexico, starting in April 2025.The company, which operates the platform, said it will add three wells that are expected to produce up to 22…
As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards…
More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.But they have given little detail on how they can make an industry running flat out go that much faster…
NOV reports its Italian group Remacut has secured the cable-lay equipment contract for Nexans' new cable-lay vessel (CLV).Nexans Marine Operations and Norwegian shipbuilder Ulstein Verft entered into a contract in September for the construction of a large DP3 cable-laying vessel…
Norwegian subsea services firm Reach Subsea, together with its Brazilian partner OceanPact, received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil…
HSM Offshore Energy announced it hosted a steel cutting ceremony in Schiedam, the Netherlands, to mark the start of construction on the offshore substation and the jacket for RWE's THOR Offshore High Voltage Station (OHVS) project. HSM, together…
Offshore drilling contractor Transocean on Tuesday announced its harsh environment semisubmersible drilling rig Transocean Barents has secured a contract from Romanian integrated oil company OMV Petrom in the Romanian Black Sea.Expected to commence in the first quarter of 2025…
As the maritime and offshore industries cumulatively search for ways to attract the 'next generation,' Saipem has come up with an innovative approach that gives thousands of students the ability to virtually visit work in the offshore environment…
Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”).GO, a diversified downstream fuels, lubricants and convenience stores operator…
N-KOM, an offshore and marine repairs facility in Qatar, is rebranding as Qatar Shipyard Technology Solutions. The company adopted launching its new identity in alignment with its 13th anniversary, confirming its endeavor to make a qualitative…
Oil rose on Tuesday as an attack by the Iran-aligned Houthis on a chemical tanker escalated geopolitical tension in the Middle East, though concerns over excess supply and slowing demand kept a lid on gains.A cruise missile launched from Houthi-controlled Yemen struck a commercial chemical tanker…
Esgian has published its Week 49 Rig Market Roundup highlighting new drilling activity in the North Sea and a new licensing deal in Morocco.Drilling Activity and DiscoveriesSerica Energy is continuing with plans for its four-well drilling campaign in the UK North Sea…
The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's…
Edison Chouest Offshore (ECO) affiliate C-Innovation (C-I) has welcomed back Lucas Cribley as its new business development manager.During his more than 20-year career, Cribley worked as the program manager and first employee in a joint venture start-up between ECO and FMC Technologies…
Renewable energy is already high on the agenda at the COP28 climate summit, with 118 countries, including the UAE, Brazil, Japan and the EU, pledging last weekend to triple the world’s renewable energy capacity by 2030.But it’s not simply about signing up to the ambition…
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