Clean, green offshore wind is set to power more than 30% of British electricity by 2030, Energy and Clean Growth Minister Claire Perry announced yesterday (7 March 2018) with the launch of the new joint government-industry Offshore Wind Sector Deal…
Petrobras has faced multiple challenges in exploring deepwater pre-salt reservoirs since 2006. These large reservoirs located under massive salt domes are extremely difficult to drill because of low penetration rates and the nature of the salt formations that can be over 2…
Vår Energi AS, operator of the Goliat field in the Barents Sea, announced Thursday it has entered into an agreement with Telenor Maritime to equip the field with 2G and 4G networks, in an effort to improve safety and emergency response capability in the region…
Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday.Cost cuts were high on oil firms' agenda following a sharp fall in crude prices in 2014…
Plans to construct a U.S. floating liquefied natural gas (FLNG) vessel in China, which may also provide funding and buy part of its output, are moving ahead despite trade tension between the countries, an executive at one of the partners said on Thursday…
Subsea engineering, construction and services company, Subsea 7 has added yet one more feather in its Africa offshore cap after winning an engineering studies contract with a possibility of extending it to engineering, procurement, construction…
Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official gazette on Wednesday.Petrobras has a 70 percent stake in the field, while Chevron has a 30 percent stake…
The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…
Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company's shares fell after he laid out a strategy to 'lean in' while the rest of the industry cuts back.Exxon shares fell more than 1…
Australia has painted itself into a corner with its natural gas industry and faces the stark reality that there are no easy choices to alleviate the dual problem of a looming supply crunch and the associated higher prices.Australia is far from the first country to find itself with an energy issue…
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy, the independent energy research and consulting firm headquartered in Norway…
A sonar monitoring system will help a major US oil company to reinforce its deepwater offshore asset integrity assurance in the US Gulf of Mexico.The system, a wide-area Sentry Integrity Monitoring Sonar (IMS) developed and delivered by subsea engineering specialist Sonardyne International…
DOF Subsea announced Tuesday it has been awarded various contracts, securing utilization for vessels in the subsea inspection, maintenance and repair (IMR) projects segment.The company said its Atlantic region has been awarded a contract by…
The start-up of Equinor's Mariner heavy oilfield in the British North Sea is expected to be delayed again until the fourth-quarter of 2019, two sources familiar with the project told Reuters.The field, discovered in 1981 east of the Shetland Islands…
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