Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found.Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic…
Oil producer EnQuest on Thursday warned that annual output would be at the lower end of its previously forecast range, primarily owing to declines at its Magnus field in the UK North Sea, sending its shares down more than 7%.Production activity…
Canadian marine technology company Kraken Robotics Inc. on Thursday announced that its wholly owned subsidiary PanGeo Subsea Inc. has secured $2 million in funding from Canada’s Ocean Supercluster for the development of wider scanning capability and increased efficiency called GeoScan…
UK-based oil and gas firm EnQuest has completed the acquisition of the Bentley oil field from Whalsay Energy.Back in April, EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing Bentley…
Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…
Norwegian subsea offshore service company Argeo has procured two Teledyne Gavia SeaRaptor 6,000-meter-rated autonomous underwater vehicles (AUV), Teledyne Marine Vehicles, a business of Teledyne Technologies Incorporated announced.The two SeaRaptor…
British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea…
Malaysian FPSO company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020.Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21…
London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…
Canadia subsea robotic company Kraken Robotics has completed its third offshore data acquisition and technology demonstration campaign as part of the $19 million OceanVision project.During the campaign, Kraken deployed its new SeaScout system…
Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…
London-listed oil firm EnQuest has completed the acquisition from Equinor of a 40.8125% interest in the Bressay oil field development on the UK continental shelf. It has also become the operator of the project.As a result, EnQuest has a 40.81%…
London-listed oil company EnQuest has lowered its full-year production guidance, citing scheduled maintenance and an incident on an offshore platform in Malaysia as the reasons.Group production averaged 60,777 Boepd in the ten months to end October 2020…
Canada-based Kraken Robotics announced that it has hired longtime offshore industry executive Sam Allen as a strategic advisor to help the marine technology company refine its strategy for the international offshore energy market.Allen was President…
Norwegian oil and gas company Equinor will sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to UK-based EnQuest. The initial consideration is GBP 2,2 million (USD 2,8 million)…
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