Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…
Norwegian offshore shipbuilder Ulstein, constructing the Nexans Aurora cable layer for Nexans, has this week said that the installation of Maats cable laying equipment on the vessel has begun.Per Ulstein, Maats’ & Marine Fabricators’ installation team arrived on site on October 14…
Republican President Donald Trump and Democratic challenger Joe Biden clashed over the country's response to climate change in their final presidential debate on Thursday, which included a stark disagreement over the future of the oil industry…
Norwegian energy company Equinor said Friday its CFO Lars Christian Bacher would resign from his position.Bacher has been with Equinor since 1991, holding a number of leadership positions over the years, including as offshore installation manager…
As the U.S. offshore wind industry begins to build up, the U.S. Coast Guard is training to ensure it is prepared to respond to any potential emergency—even at 400 feet in the air.Last week, an MH-65 Dolphin helicopter aircrew from Coast Guard Air Station Atlantic City…
Offshore cable specialist NKT has completed the repair of two power cables Skagerrak 1 and 2 between Norway and Denmark, and the cables are now back in operation.The national power grids between Denmark and Norway are connected through four…
Engineering services giant Emerson has won a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the Azeri-Chirag-Deepwater Gunashli oilfield…
Denmark-based offshore wind giant Ørsted has appointed David Hardy as new CEO of its U.S. subsidiary Ørsted Offshore North America. Hardy, who becomes CEO after previously serving as COO, will replace Thomas Brostrøm who has led Ørsted Offshore North America since the summer of 2015As CEO…
Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore oilfields.Petroleo Brasileiro SA, as the company is formally known…
Australia’s Santos Ltd said on Thursday third-quarter revenue slid nearly 23%, hit by a drop in realized gas prices because of the COVID-19 pandemic.The country’s no. 2 independent gas producer said sales revenue came in at $797 million for the quarter ended September…
Seaway 7, a Subsea 7 subsidiary focused on renewables, has awarded Trelleborg a contract to provide cable protection for RWE's Kaskasi offshore wind farm project in Germany.Under the contract, Trelleborg will provide 86 integrated cable protection systems…
Gwynt y Mor OFTO, an entity that operates and maintains offshore transmission assets between the onshore grid and the Gwynt y Mor offshore wind farm in Wales, the UK, said Thursday that its export circuit SSEC3 tripped at 16:54 on October 15…
Norwegian carbon capture firm Aker Carbon Capture has signed a Memorandum of Understanding with Sweden’s power company Vattenfall to accelerate the evaluation of future carbon capture plants in Sweden and Northern Europe.Aker Carbon Capture…
Oilfield and drilling services firm Archer said Thursday it had secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services on seven UK North Sea installations…
Wage negotiations between Norwegian oil service companies and the Safe labor union broke down on Thursday and will become subject to mandatory mediation later this year, union and industry officials said.Safe's 850 members are not permitted to strike at this point…
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