Offshore survey services company UTEC, an Acteon subsidiary, has deployed iXblue new subsea positioning technology on 'a world-class' ultra-deepwater field development project in Africa, with depths below 2,000 meters.According to iXblue, its sparse LBL solution…
Update: Following the release of news that Petrobras has selected PetroRio SA and Cobra as winning bidders for the Albacora field acquisition, Petrobras released a statement denying this. Read more here.Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra…
Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August's Hurricane Ida.However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices…
Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…
Norway-based firm Aker Offshore Wind plans to utilize Scotland’s first offshore wind underwater substation as part of its bids for major offshore wind farms.'The multi-million subsea innovation would be developed, manufactured, and supplied…
A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.'We’re disappointed by the decision and are considering the implications…
Investing in new North Sea gas resources is essential for the UK to avoid shortages, price shocks, and rising import costs, industry body OGUK has warned, adding that, without fresh investment, North Sea gas production will plummet by 75% by 2030…
UK-based renewables giant SSE, a Principal Partner of the United Nations Climate Change Conference COP26, has invited those who want to see an ambitious climate action agreed at COP26 to show their support by putting their name on the world’s…
Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…
Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst.About 3,000 barrels (126…
Brazilian oil company Petrobras has restarted production from the Manati offshore gas field in Brazil, after closure in September due to a leak in the onshore part of the export pipeline.Production from the field located in the Camamu Basin…
Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…
Aberdeen-based offshore well decommissioning company Well-Safe Solutions has won another contract for its Well-Safe Guardian P&A offshore rig.The contract is for the provision of the Well-Safe Guardian rig to decommission up to 14 wells on the Banff and Kyle fields in the UKCS…
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster…
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