Energy and marine consultancy ABL has expanded its global presence with a new office in New Zealand, to support the country’s growing maritime and offshore energy markets.The ABL New Zealand office will be led by experienced maritime professional Morwenna Vye…
The Norwegian Offshore Directorate said that Norway's oil and gas production in October exceeded the official forecast by 5 percent.Norway is Europe's biggest supplier of natural gases and oil. However, output can vary from month to months depending…
Norwegian seismic company TGS has secured a 3D streamer contract for Oil and Gas Natural Corporation (ONGC) in the Mahanadi basin on the East Coast of India.The Ramform Sovereign vessel is scheduled to mobilize for the survey in January 2025…
TDI-Brooks has completed a multi-client multibeam and seabed piston coring program off Suriname.The company was contracted by GeoPartners, on behalf of Staatsolie Maatschappij Suriname, to perform seep data acquisition, processing, interpretation…
Oil prices traded steady on Tuesday as Norway's Johan Sverdrup oilfield restarted production and there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war…
Companies seeking to claim proceeds from a court auction of shares in a parent of Venezuela-owned Citgo Petroleum are pressing a U.S. court to lift an exclusivity deal with an affiliate of Elliott Investment Management, which could pave the way for at least two new bids…
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals…
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-road load handling business…
Ocean data technology specialist Terradepth has launched a cloud-native geospatial platform for its offshore energy clients, dubbed Absolute Ocean.Purpose-built to host complex maritime data, Absolute Ocean provides web-browser based access to ocean maps…
Beam, a provider of high-technology offshore wind services, has unveiled Scout, an autonomous underwater vehicle (AUV) driven by artificial intelligence (AI).Scout, a concept expected to enter the market in 2025, will put the power of subsea inspection directly in the hands of wind farm operators…
UK energy regulator Ofgem on Tuesday approved five new undersea energy links which it said would further harness the vast potential of North Sea wind and help to power millions of homes.The approved projects include the Tarchon Energy Interconnector with a capacity of 1…
Mooreast Holdings has secured a new order valued at $6.7 million for a multi-buoy mooring upgrade project off the eastern shore of the Gulf of Thailand.The SGX-listed total mooring solutions specialist, and Asia’s only ultra-high power anchor manufacturer…
Norwegian offshore vessel operator DOF Group has won a contract for IMR vessel and associated subsea services in the Asia Pacific region.The contract will utilize one of DOF’s project vessels in the region and includes project management, engineering…
U.K.-based tidal energy technology developer Spiralis Energy has secured a $1 million investment from Kistos Holdings to build and test the Axial Skelter tidal energy unit.The investment received from Kistos will fund Spiralis Energy’s upcoming…
Norwegian seismic company TGS has secured its first 3D streamer contract for the 2025 Northwest Europe summer season.Acquisition is scheduled to begin in May with a total duration of approximately 35 days, according to the company.TGS said it…
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