The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and $419,000, respectively (as of 31 December 2023). These figures represent an overall 54% increase in dayrates when compared with 2021…
Ocean Winds, the developer of the Moray Firth offshore wind farm, has installed the first out of 60 planned Siemens Gamesa turbines capable of 14.7 MW output.The pre-assembly activity of the 60 turbines is being managed by Siemens Gamesa, Siemens Energy’s wind business…
At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time…
Mocean Energy’s Blue X wave energy converter, with project partner Verlume’s Halo storage system, have been retrieved to shore after more than 12 months of testing at sea as part of Renewables for Subsea Power (RSP) project.Orkney-based marine…
Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…
The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…
India’s Oil and Natural Gas Corporation (ONGC) has awarded pre-FEED/FEED contract for Cluster-1 Development, located in Krishna Godavari (KG) Basin in the Bay of Bengal to Nauvata Energy Transition (NET Enterprise) and PERC Engineering.The contract encompasses concept study…
VIKING Life-Saving Equipment has signed a strategic agreement with HeliService USA to supply it with certified personal protective equipment to uphold offshore wind industry safety standards along the U.S. East Coast.Building on enduring relations between the companies…
UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the global offshore wind market…
The U.S. Environmental Protection Agency (EPA) has issued the final air quality permit for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project located off the coast of Virginia Beach in the United States.Issued on April 9 following a 30-day public comment period…
The Tyra Redevelopment Project (Tyra II) continues to progress according to plan with the start of processing and export of gas from the Tyra Satellite Harald field.The gas export from the Tyra Satellite Harald field was achieved in the evening of April 10…
Offshore services firm Subsea7 has secured a ‘sizeable’ contract with U.S. oil and gas company Talos Energy for its Sunspear development in the Gulf of Mexico.The project involves the subsea tie back of one production well at Sunspear to the Prince platform…
Oil and gas company PetroNor E&P has encountered oil bearing sandstones in a new well drilled by Dixstone Drilling’s Axima jack-up rig at Perenco-operated PNGF Sud field, offshore Congo.The Axima rig started drilling the new Tchibeli North East infill well on February 8 2024…
Ithaca Energy has been given a four-week exclusivity period by Italy's Eni to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.Buying those assets, including those of Eni's recently acquired Neptune Energy…
BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks.BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1…
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