Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…
British oil major BP, working to beef up its renewables business, has signed an exclusive consultancy agreement with Quaybridge, a UK-based renewables consultancy with expertise in offshore wind.'The two will work together to advance BP’s global…
O2, dubbed the world's most powerful tidal turbine, and built by the Scottish engineering firm Orbital Marine, has this week started power generation at the European Marine Energy Centre (EMEC) in Orkney. The floating turbine is anchored in…
Offshore installation company Subsea 7 said Friday that July 2021 marked the successful installation of a 5km pipeline bundle for China-based CNOOC's Buzzard Phase II (BPII) project in the UK North Sea, moving the project a step forward towards…
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6…
Subsea UK is embarking on a new adventure as The Global Underwater Hub, a new organization with already nearly $18 million in funding. ‘The Hub’ aims to leverage the UK’s strong maritime heritage, as well as its underwater expertise that transcends offshore defense and research…
Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide…
Norwegian energy firm Equinor is expected to spud the Egyptian Vulture exploration well in the Norwegian Sea in late August, using Seadrill's West Hercules semi-submersible drilling rig.This is according to Longboat Energy, Equinor's partner in the project…
Jadestone Energy, an oil and gas production company focused on the Asia Pacific region, has received all the necessary approvals - including one from Petronas - to complete the acquisition of SapuraOMV's Peninsular Malaysia assets.Jadestone said in April it would acquire interests in four licenses…
Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.The company's…
Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday.The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest…
Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.Global crude prices…
SBM Offshore, one of the world's largest FPSO leasing firms in the oil and gas sector, has, via a joint venture, moved a step closer towards securing rights for a floating wind farm project in the Celtic Sea, off the coast of Wales in the UK…
The UK oil and gas regulator Oil and Gas Authority (OGA) on Monday fined BP with a £50,000 (around $69,100) fine and served it with a Sanction Notice for breaching a license condition by failing to report the progress and results of two extended well tests at the Vorlich offshore field…
Norwegian energy firm Equinor on Monday confirmed it had filed a bid for floating offshore wind in ScotWind, the competitive tender offshore wind seabed leasing round being undertaken by Crown Estate Scotland. The deadline for applications ended Friday…
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