According to the Baker Hughes offshore rig statistics, Latin America’s rig count is 62, down from 69 a month ago and down from 70 a year ago. The Europe offshore count is holding steady at 48, the same as it was one month ago and one year ago…
Energy Intelligence announced that Norwegian company Statoil is the winner of its 2015 Award for Leadership in New Energy. The award recognizes a company that is at the forefront of the energy transition from traditional fossil fuels to a lower-carbon energy system…
Chancellor George Osborne (pictured) has thrown a bone to the North Sea oil industry in his Summer Budget speech today (8 July). Osborne confirmed that the UK Government plans to broaden the types of investment qualifying for the Investment Allowance and cluster area allowances…
The French government is planning to launch a tender for several pilot floating offshore wind farms, Reuters reports. Matthieu Monnier, head of offshore wind at France Energie Eolienne (FEE) was reported as saying he expected two-three…
Two firms have signed a memorandum of understanding to co-development an up to 870 MW offshore wind farm in the North Irish Sea offshore Ireland. The firms, Oriel Windfarm and Gaelectric Holdings hope to start the development with a 15 MW demonstration project…
Datum360 has been awarded - and has already successfully delivered - a US$1.05 million (£685,000) contract by Total to provide a data warehouse for the ground breaking Martin Linge project in the Norwegian North Sea. Currently under construction…
A major cross-industry initiative led by Wärtsilä, MAN Diesel & Turbo and Winterthur Gas & Diesel to develop basic technologies for use in two-stroke and four-stroke marine engines has been officially launched. The Hercules-2 project is aimed…
Frank Maclean has been appointed to the position of general manager of Kongsberg Maritime Ltd. base in Aberdeen for the offshore division. Maclean has over 35 years’ experience within the oil and gas industry, the vast majority of that time spent with Kongsberg Maritime…
Providence Resources agreed to acquire Atlantic Petroleum’s 4% stake in frontier exploration license (FEL) 3/04 in the southern Porcupine Basin offshore Ireland. As a result of the transaction, which is still subject to ministerial approval…
Wintershall Norge awarded DNV GL a US$1.2 million (NOK 10 million), five-year frame agreement for global inspection services for the its developments offshore Norway. The term of the contract is five years, with an option for two, two…
Seismic vessels are the lifeblood of global offshore exploration efforts. Jeannie Stell searches for bright spots in the current global market of seismic vessel activity. The Sanco Sword. From Dolphin Geophysical…
North Sea industry stakeholders have called on UK Chancellor George Osborne (pictured) to introduce additional measures to support the ailing oil and gas sector. The Chancellor is due to unveil his Summer Budget tomorrow (8 July). It…
Heerema Zwijndrecht, one of the yards of Heerema Fabrication Group (HFG), has secured a contract from Oranje-Nassau Energie for the procurement and construction of a topside and jacket. It concerns an unmanned and sustainable satellite platform for the P11-E field…
Technip, in anticipation of further challenges in the oil and gas industry, launched a restructuring plan and accelerated its cost reduction plans to reinforce the company through and beyond the downturn, the French company reports. The company targets a savings of €830 (US$918) million…
Siem Offshore Contractors awarded JDR a subcontract to supply submarine composite power cables and related accessories as well as termination and testing services for the Veja Mate offshore wind farm. The project has been developed with the support of K2 Management as technical…
Subscribe
