Norwegian offshore survey company Electromagnetic Geoservices has signed a letter of intent with a minimum value of $3.6 million from an undisclosed client for a survey offshore Namibia.Under the terms of the pending data licensing agreement…
The 4,000-metric-ton jacket and topside has been installed for Qatargas' North Field Bravo Living Quarters Expansion project, Heerema Marine Contractors announced on Tuesday.Heerema said the installation was completed by its vessel Aegir, which…
The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…
ADM Energy, an AIM-quoted oil and gas investing company formerly known as MX Oil, will increase its interest in the offshore block in Nigeria containing the Aje oil field.ADM said Monday it had agreed with EER, a partner in the block to acquire a participating interest of 2…
Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. Natural gas production increased 22% over January 2019 to 138…
Article updated to add more info on the scope of workOffshore vessel supplier DOF Subsea has found work for its Geosea vessel outside of the offshore energy sector.The 84.8 meters long vessel has been awarded a contract with N-Sea, with the end client being the Royal Netherlands Navy…
Offshore wind farm developer Orsted has set out a plan to work with its service suppliers to decarbonize the supply chain by 2040. The move follows the Danish company's last week's commitment to becoming carbon neutral by 2025, and becoming…
Norwegian marine survey company EMGS is looking at options after Mexico's Pemex said it wouldn't award any more work 'in the medium future' under a contract announced in 2019. EMGS expects the decision will have a 'material detrimental effect' on its business…
UK-based well services and oilfield equipment rental company RMEC has expanded its total headcount to 43, on the back of a recent six-figure sum investment in its on-site test bay facilities.RMEC said this week the investment was aimed at maximizing…
The global leader in offshore wind Ørsted A/S will become carbon neutral by 2025. 'This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limiting global warming to 1…
Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production floater orders and large industry cutbacks in upstream spending…
The UK oil and gas operator Premier Oil has field decommissioning plans for the departure of the Voyageur Spirit FPSO and the removal of the riser system from the Huntington offshore oil field in the North Sea.The Huntington Field is located in block 22/14b of the Central North Sea…
Europe installed a record 3.6 gigawatts (GW) of offshore wind capacity in 2019 but a much sharper rise is needed for the bloc to meet its climate targets, industry group WindEurope said on Thursday. Europe announced plans last year for a green deal to set a target of net-zero emissions by 2050…
The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights'…
Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie.The possibility of offshore wind becoming cheaper than coal…
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