Canada-based oil and gas company Valeura Energy has signed a farm-in agreement with Thailand’s state-backed PTTEP to acquire a 40% interest in offshore Blocks G1/65 and G3/65 in the Gulf of Thailand, marking a major expansion of its regional footprint.The strategic deal increases Valeura’s gross offshore acreage in Thailand from 2,623 to 22,757 square kilometers. The blocks are located adjacent to some of the country’s largest producing fields…
U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets.The…
Carnarvon Energy has completed a major seismic reprocessing project across the Bedout Sub-basin, offshore Australia, in collaboration with its joint venture partners, delivering one of the most advanced seismic datasets in the region to date…
Norway's combined oil and gas production exceeded an official forecast by 2.3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia.SLB…
The joint venture partners in PEL 79 license, which include the National Petroleum Corporation of Namibia (NAMCOR) and Giraffe Energy Investments, have secured a 12-month extension to the exploration period for offshore blocks in Namibia’s Orange Basin…
Singapore-based mooring and anchoring specialist Mooreast Holdings has partnered with Norway-based GeoProvider to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market…
Viridien, in collaboration with joint venture partners TGS and Axxis Multi-client, has completed the final imaging of OMEGA Merge, to deliver a single, seamless and unified high-quality dataset across the Heimdal Terrace, Utsira, and Sleipner Ocean Bottom Node (OBN) multi-client surveys…
Fugro has secured a seven-year framework agreement with EirGrid, Ireland’s state-owned electricity transmission operator, to deliver a full suite of geo-data surveys for the 'Powering Up Offshore - South Coast' project.The initiative will develop…
Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday.The oil major applied for authorisation last year and plans to drill exploration or appraisal wells…
Some offshore wind turbine (OWT) support structures may fall short of required fatigue life expectations, according to a new Lloyd’s Register (LR) report, which also pinpointed reliability-based inspection as one of the measures to manage fatigue-driven risks in such structures…
Norwegian data and intelligence firm TGS has signed a collaboration agreement with Equinor, aimed at advancing the digitalization of carbon capture and storage (CCS) operations at Northern Lights project.The agreement strengthens the ongoing…
U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.'Hess has fulfilled its minimum work…
Marine geophysical services company PXGEO has named Hans-Peter Burlid to the newly created position of Chief Strategy & Transformation Officer (CS&TO).Burlid, currently the organization’s CCO, will drive long-term strategic direction to deliver sustainable growth and lasting competitive advantage…
Fugro has formed a partnership with DTACT, a high-tech software company, and Ubotica, a specialist in AI-powered satellite intelligence, to develop a data fusion and intelligence platform for critical subsea infrastructure.The solution will…
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