Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents higher to $85.47 a barrel by 1326 GMT…
Saipem has been awarded two new contracts, one for EPCI offshore activities in the Middle East and the other for the development of underwater drones in Brazil. The total value of the new contracts is approximately $1 billion.Under the existing Long-Term Agreement (LTA) with Saudi Aramco…
Top down or bottom up, new technologies are helping the industry boost their leak detection and repair (LDAR) strategiesAs the world approaches 1.5°C, the presumed threshold of dangerous warming, action to reduce methane releases is seen to be a way of buying time for achieving longer term CO2 cuts…
Russia said on Sunday that Ukraine had made unsuccessful attempt to attack a Russian naval ship with six high-speed drone boats as the Russian vessel patrolled major natural gas pipelines in the Black Sea.The 'Priazovye' ship was carrying out…
Norwegian Offshore Wind, an organization that promotes the development of the floating wind supply chain, has launched the NOW Accelerator, designed to foster the growth of startups and scaleups in the offshore wind industry. 'The program is first of its kind and will start in August…
IKM Testing UK has secured a second contract with the Malaysian FPSO leasing firm Bumi Armada to deliver a drone-based methane emissions survey on the Armada Kraken FPSO, producing oil for EnQuest in the North Sea.The project follows an aerial…
Graham Stuart, the UK Minister for Energy Security and Net Zero, on Thursday opened the Digital, Autonomous, and Robotics Engineering (DARE) Centre at Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth.According to ORE Capatult…
Offshore services firm DeepOcean said Monday it had mobilized its first Autonomous Inspection Drone (AID), which it says 'can unlock substantial cost savings for operators of offshore wind farms and oil and gas fields. 'The subsea drone has been mobilized on board the Edda Fauna subsea Inspection…
Advisory and investment firm Gordon Brothers said this week it had provided a £5 million (currently around $6,2 million) term loan to Modus Subsea Services (Modus).Modus, specializing in using Underwater Intervention Drones to automate and decarbonize subsea inspection…
A project to power subsea equipment with wave power and subsea energy storage has taken to the seas in the north of Scotland.The £2 million demonstrator project, called Renewables for Subsea Power (RSP), has connected Mocean Energy's Blue X wave energy converter – Verlume's Halo underwater battery…
ICR Integrity (ICR), global provider of specialist repair, inspection, and integrity solutions, said Tuesday it had been re-awarded the Master Service Agreement (MSA) with Petrofac, valued at over £1 million per year, after a successful tender…
Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own…
Marine classification society Lloyd's Register has awarded its first certification for an Uncrewed Surface Vessel (USV) to the DriX maritime drone.Developed by Exail, a high-tech company and pioneer in the field of maritime autonomy, the DriX…
Norway police on Friday investigated reports of a drone flying over the Kaarstoe [Kårstø] gas plant in southwest Norway on Thursday, while in Arctic Norway a Russian-Israeli citizen was arrested when police found two drones in his car.The Norwegian…
Protecting Norway's gas exports to Europe against sabotage is a top priority for the country's authorities, a senior security official told Reuters, including helping oil firms protect themselves against Russian attempts to gather intelligence…
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