The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International.The future of offshore deepwater investment is under the microscope…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
FPSO specialist Bluewater and classification company DNV GL have teamed up in a pilot project aimed at testing how hybrid digital twin technology can predict and analyze fatigue in the hull of an FPSO in the North Sea, increase safety, and reduce operational costs and time by optimizing inspections…
Equinor, Norway's largest oil company, said Tuesday that the Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of its offshore development projects in Norway, however, the company said that its 'combined project portfolio is still very resilient…
A vessel of Russian gas giant Gazprom has departed for the Nord Stream 2 gas pipeline's supply base in Germany, data showed on Wednesday, in a sign that Moscow is still determined to push on with the politically-charged project.Nord Stream 2…
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association (NOG) said on Friday.Some 324 workers out of 7…
Offshore surveyor Fugro has ordered a Hydramec launch and recovery system for its new uncrewed surface vessels recently ordered from Sea-Kit.Fugro, based in the Netherlands, in August ordered two 12-meter SEA-KIT X class uncrewed surface vessels (USVs)…
Finland-based marine engine and technology provider Wärtsilä has appointed Håkan Agnevall as its next president and CEO.Agnevall, who is currently president of Volvo's bus division, will start in his role no later than in April 2021, succeeding Jaakko Eskola…
Engineering and construction company Wood has won a $42 million contract in Norway to upgrade the gas processing plant that handles gas from the Troll, Kvitebjørn, Visund, and Fram fields located in the Norwegian sector of the North Sea.The contract was awarded to Wood by Equinor…
The Nord Stream 2 pipeline from Russia to Germany should not be used to punish Moscow over the poisoning of Kremlin critic Alexei Navalny, the leader of the German state where the pipeline is due to come ashore said on Friday.The Kremlin has…
Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.Merkel…
Norwegian energy intelligence company Rystad expects that the market demand for large-diameter offshore pipelines, known as trunklines, will see an annual drop of 26% this year.According to Rystad, the length of total installations this year is forecasted to reach 2…
Vattenfall will focus on offshore wind power developments in Europe as the region seeks to boost green investments, instead of expanding globally, the Swedish utility said on Wednesday.State-controlled Vattenfall said the European Union's plans…
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said.The consensus forecasts for the value of the business…
Oil and gas company Neptune Energy has informed that subsea construction works have kicked off that will eventually see its Seagull offshore field tied back to BP's ETAP platform in the UK North Sea.Seagull is a high pressure, high temperature…
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