Maersk Supply Service, with the support of Maritime Developments (MDL), has completed a complex dynamic riser assembly installation at Brazil’s Mero field in the pre-salt Santos Basin, connecting the deepwater site to a Permanent Reservoir Monitoring (PRM) sensor grid…
The Norwegian Offshore Directorate (NOD) has granted Vår Energi a drilling permit for a wildcat well in the North Sea field.The permit is for wellbore 25/8-C-23 D in production license 027.Vår Energi is the operator of the license, with 90% working interest…
Aker Solutions has secured a sizeable1 four-year contract extension to provide onshore and offshore inspection services. The extension follows the customer’s decision to exercise an option included in the current agreement.Aker Solutions will…
Ocean services provider DeepOcean has secured a contract to support the decommissioning of subsea infrastructure at oil and gas fields in Western Australia.DeepOcean’s scope of work includes suspension of subsea trees, removal of flowlines, riser and dynamic umbilical…
The Floating Offshore Wind Power Technology Research Association (FLOWRA) of Japan and certification society ClassNK have signed a memorandum of understanding (MoU) to explore technology development cooperation in the field of floating offshore wind…
Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
Egypt and Cyprus have signed a series of agreements to transfer natural gas from Cyprus’ Cronos offshore field to Egypt, marking a significant step toward linking Cypriot gas resources to Egypt’s infrastructure and boosting energy cooperation in the Eastern Mediterranean…
Oil company PRIO has signed an agreement with Shape Digital, a developer of AI-driven solutions, for the deployment of Shape Lighthouse, an asset management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production…
Brazil's state-run oil firm Petrobras is in negotiations with SBM Offshore over two floating production vessels to be commissioned for its Sergipe deepwater projects, Petrobras head of Exploration and Production said on Wednesday.Petrobras hopes…
LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said.The Covington, Louisiana…
Japan’s Kansai Electric Power Co. (KEPCO) has signed a share subscription agreement with Ireland’s Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW (SBE OSW).The strategic investment marks KEPCO’s first investment involving…
Portugal's Galp Energia reported an 11% increase in adjusted third-quarter core profit on Monday, beating analysts' estimates, driven by a jump in refining margins and robust gas trading.The energy firm reported adjusted earnings before interest…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has started a six-well drilling campaign offshore Vietnam designed to lift production from two of its existing fields and open new development opportunities…
Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview.The spending is part of a 9.8-billion-dinar budget - the company's…
Equinor posted a bigger than expected drop in third-quarter profit on Wednesday as oil and gas prices fell, and booked asset impairments on a weaker long-term outlook for crude prices.The Norwegian energy group's adjusted earnings before tax for July-September fell 9…
Subscribe
