A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report…
A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation for sea trials.'The Yard number 315 newbuild at Ulstein Verft, the Windea TBN for Bernhard Schulte…
Robert Gordon University (RGU) has appointed Chris Pearson as Director for the National Subsea Center (NSC), tasked with leading the center’s research and development to tackle subsea engineering challenges.Pearson will take up the new post…
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
Southeast Asian focused upstream company Coro Energy Plc said that Duyung PSC partners have agreed to a six-month extension for receipt of the necessary Indonesian approvals for the transfer of a 15 percent interest in the Duyung PSC offshore IndonesiaIn February 2019…
Subsea robotics firm ROVOP announced the addition of full in-house inspection service, to complement its range of underwater robotics technologies.With a fleet of 51 remotely operated underwater vehicles (ROV) including work class, light work class and observation class…
Scantrol, a supplier of monitoring and control systems to the marine and offshore industries, has hired Frode Gaupaas as Business Development Manager for Subsea.Gaupaas has more than 23 years of experience in subsea and offshore operations.…
Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie.The possibility of offshore wind becoming cheaper than coal…
Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement, construction and installation (EPCI) contracts in various countries worth over $500 million combined.The first EPCI contract has been awarded…
Swedish multinational power company Vattenfall said that it had reached a number of important milestones during the year 2019. In Denmark the Horns Rev 3 (407 MW) wind farm was inaugurated, and construction was started on Kriegers Flak (605 MW)…
North Sea oil & gas sector firms Legasea Ltd and Infinity Oilfield Services Ltd have formed a strategic alliance to work on offshore topsides and subsea projects.The alliance will provide clients with a competitive, integrated service across…
Commercial activity increased significantly in the offshore segment, with order intake in the last twelve months doubling to 3,343 MW, said Siemens Gamesa Renewable Energy(SGRE)Of that figure, 1,279 MW were signed in the first quarter of FY2020 (October 2019 - December 2019)…
Brazilian oil company PetroRio has agreed to buy the OSX-3 FPSO for $140 million, and acquire an 80 percent stake in the Dommo Energia's Tubarao Martelo field off Brazil where the FPSO is currently deployed. The OSX-3 FPSO was built and delivered to the Tubarão Martelo Field in 2012…
DeepOcean, a global subsea services company, is set to move its UK headquarters to a new base in Darlington.The company specializes in engineering and marine works solutions for large subsea cable projects associated with offshore wind farms…
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