Expandable liner hanger designs are advancing to meet the ever-increasing demands of deepwater well construction.A new expandable liner hanger design provides an effective liner top seal for high-pressure, high-temperature (HPHT) well conditions…
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken, the Norwegian energy company announced on Thursday. It said the well was drilled by the Askepott rig and the discovery will soon…
W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…
Singaporean builder Keppel FELS has awarded Norway's TMC Compressors of the Seas (TMC) a contract to deliver an energy-saving marine compressed air system to the first mid-water semi-submersible drilling rig the yard is building for Awilco Drilling…
MHI Vestas Offshore Wind has contracted Swiss-Swedish multinational corporation ABB to supply transformers for the turbines at the 950MW Moray East offshore wind farm off the coast of Scotland.ABB will manufacture 100 WindStar transformers at its factory in Vaasa…
Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling…
Spanish-based provider of the offshore and onshore wind turbines and services, Siemens Gamesa Renewable Energy (SGRE) has conditionally received an order for the supply of offshore wind turbines including a 20-year full Service agreement for…
Thailand-based offshore drilling services company Mermaid Maritime Public Company said that its subsidiary Mermaid Subsea Services Thailand (MSST) has entered into a $65 million loan deal with the Export-Import Bank of Thailand (Exim).As per…
US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…
Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”…
Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.Brent crude was up $0…
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company…
In both 2018 and the start of 2019, Harvey Gulf made no secret that they were exploring possible merger and acquisition opportunities. Their first major play was a merger proposal with fellow US owner GulfMark, who at the time was in discussions to merge with US OSV behemoth Tidewater…
The global market for autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) is predicted to propel at a robust compound annual growth rate (CAGR) of 18.2% from 2017 to 2025, says a recent industry report.In 2016, the offshore AUV and ROV market was valued around worth of $2…
French energy company Total announced it has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK.With a plateau production of 100,000 barrels of oil equivalent per day (boe/d)…
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