When it opens its doors on Tuesday, February 22, 2022, to welcome more than 3,000 delegates from around the world and over one hundred exhibitors, Subsea Expo 2022 will be sending out a strong signal that life and business are beginning to return to normal…
Norway's Aker BP is considering whether to increase gas exports from its Skarv field to take advantage of high prices that exceed those for oil, Chief Executive Karl Johnny Hersvik said on Thursday.Aker BP currently injects natural gas produced…
European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.Last year, 25 of the…
Norwegian oil and gas company Equinor has received consent from Norway's oil and gas industry safety body the Petroleum Safety Authority (PSA) for disposal of the facilities on the Veslefrikk field in the North Sea.'Equinor has applied to the…
Offshore wind turbine makers have been working to build increasingly bigger turbines, and the likes of GE, Siemens Gamesa, Vestas, and MingYang have in the past two years or so unveiled designs for giant 14-16MW rated units.It has been said that larger turbines…
Britain will hold yearly auctions to support new renewable projects from 2023, the government said on Wednesday, as it seeks to boost low carbon power production to meet its climate goals.Britain has a target to reach net zero emissions by 2050…
South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015…
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel…
The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…
Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world's largest oilfield services company.Oil prices surged about 50% last year and are trading at seven…
The U.K.’s Department for Business, Energy, and Industrial Strategy (BEIS) has granted £10 million for the design and construction of a new floating wind turbine demonstrator off the coast of Scotland.The SENSE PelaStar project will feature SENSEWind’s turbine self-installation system…
Norwegian shipowning company Norside has taken ownership of Blue Ship Invest’s platform supply vessel ‘Farland’ and will convert it into a walk-to-work vessel for the offshore wind industry.'The PX121 design by Ulstein has once more proven to be a preferred design for conversions into new segments…
Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…
Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…
Indonesia's oil lifting, or ready-to-sell production, narrowly missed its target and fell for a fifth straight year in 2021, after a failure to tap new sources and as older fields matured, energy minister Arifin Tasrif said on Wednesday.The Southeast Asian country's oil lifting came in at 660…
Subscribe
