The Stellar Daisy, a massive South Korean tanker that sank in March 2017, was spotted on the floor of the South Atlantic Ocean nearly two years later.Exploration company Ocean Infinity said that it has located the wreck of the lost South Korean tanker…
Houston based Trendsetter Engineering said it has finished building a range of subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field under development in the Eastern Mediterranean Sea off the coast of Israel…
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.According to Westwood Insight, one of these discoveries, Glengorm in the UK North Sea…
Denmark's Ørsted, the global leader in offshore wind, surpassed more than 7,500 international, billion-dollar companies to rank fourth in the Corporate Knights' 2019 index of the Global 100 Most Sustainable Corporations in the World.The ranking…
Norwegian oil firm DNO reported on Thursday a higher-than-expected operating profit in the fourth quarter and said it would hike 2019 spending as it planned to drill a record number of wells.The Oslo-listed firm, which produces most of its oil in the Kurdistan region of Iraq…
Canadian oil and gas exploration company CGX Energy and compatriot petroleum exploration and production company Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana…
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…
The global manufacturer of high-voltage cable accessories and a system provider Pfisterer has won a contract for the supply of the 220kV land cable accessories for the grid connection of the 950MW Moray East offshore wind farm in Scotland.'In…
The Liberty pipe mills at Hartlepool has been awarded a multimillion-dollar contract to supply steel pipeline for North Sea gas.The mills, which were acquired and relaunched by Liberty, part of Sanjeev Gupta’s GFG Alliance, in late 2017, have…
American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018…
Floating production storage and offloading vessels (FPSO) are by far the most popular type of floating production system, accounting for two thirds of the oil and gas production floaters in service or available.Growth in FPSO inventoryThe number…
Total E&P Danmark A/S has awarded IKM Testing a contract for the Tyra redevelopment project on the Danish continental shelf. The contract, which includes cleaning and preparation for the removal of existing platforms and associated subsea pipelines…
Northland Deutsche Bucht has completed the installation of all 31 foundations for its offshore wind farm project in the North Sea.The Canadian power producer of Northland Power's third offshore wind farm which is about 95 kilometres to the…
Santos Ltd, Australia's No. 2 independent gas producer, on Thursday said it expects 2019 production to rise by up to 32 percent boosted by the acquisition of Quadrant assets.The company expects to churn out 71 million to 78 million barrels of oil equivalent (mmboe) in 2019…
Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be…
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