Technology News

 

Harnessing the Power of APM 4.0

Jan 02, 2024

Ryan Conger, Technical Sales Manager for APM at ABB Energy Industries, explains how reactive asset performance management (APM) has evolved into APM 4.0, and why partnering with a trusted technology provider can help oil and gas operators avoid costly downtime and maximize profitability…

CO2 Capture Technology Ready for New Offshore Frontiers

Jan 02, 2024

If the industry has been capturing CO2 for decades, why all the innovation now?CO2 capture technology has been used for around a century in natural gas processing plants to separate out the commercially valuable methane. In the 1970s, that CO2 found purpose in advanced oil recovery…

Baron Oil Inks Farm-Up Deal for Timor-Leste Development

Dec 27, 2023

UK oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of 15% working interest in the Chuditch production sharing contract offshore Timor-Leste.Baron's wholly-owned subsidiary SundaGas Banda Unipessoal entered the MoU with Timor Gap…

UK Approves Grant for First Offshore Solar Project in Indonesia

Dec 26, 2023

Innovate UK’s Energy Catalyst program has awarded a little over $500,000 in grant funding for a project that will seek to develop Indonesia’s first fully offshore floating solar farm.The grant funding was approved for the Solar2Wave project…

MAN Energy Solutions Wins Compressor Revamp Order for Troll A

Dec 21, 2023

Equinor Energy has commissioned MAN Energy Solutions to provide three compressor bundles – and an additional two spare units – as replacements for ones from another OEM.The bundles will be implemented within existing outer casings on the Troll A platform…

Dutch Developer Hooks $16M to Advance Offshore Solar Business

Dec 21, 2023

Dutch company SolarDuck has secured $16.4 million from existing and new investors for the development and deployment of its offshore solar technology.The funding has been provided by Katapult Ocean, Green Tower, Energy Transition Fund Rotterdam and Invest-NL…

Harnessing the 'Mocean' of the Ocean

Dec 20, 2023

Garnering power from ocean waves is a generation behind the progress of offshore wind, but Mocean Energy, led by founder and managing director Cameron McNatt, is aiming to help offshore companies power up it’s offshore and seafloor assets with its Blue Star system…

Gazelle and Tugdock Team Up to Reduce Floating Wind Costs

Dec 20, 2023

Gazelle Wind Power and Tugdock have signed a memorandum of understanding to co-develop a modular offshore wind assembly system which could drive down costs and increase production of floating offshore wind farms.The first project for the new partnership will be Italy’s largest offshore wind farm…

Petrofac and Hitachi Secure Second Contract with Tennet for Offshore Converter Stations

Dec 20, 2023

Hitachi Energy and Petrofac have secured a second project under a $14 billion, multi-year framework agreement with the Dutch-German transmission system operator (TSO) TenneT to expand offshore wind capacity in the North Sea.This second contract is for Nederwiek 1…

Evaluating Ice Loads on Windmill Monopiles

Dec 18, 2023

As part of Aker Arctic’s own research and development work, a series of ice model tests were conducted in November 2023 to investigate the ice loads affecting  windmill monopiles. Offshore windmills require robust foundations to withstand the harsh marine environment…

Borr Drilling Jack-Up Rig Slated for Work Offshore Africa

Dec 18, 2023

UK oil and gas company Tower Resources has hired Borr Drilling’s Norve jack-up rig for the drilling campaign offshore Cameroon in central Africa. The Norve jack-up rig, part of Borr's fleet of high-specification drilling units, will be put to…

MODEC and Toray Develop New FPSO Repair Technique

Dec 18, 2023

MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems.FPSO and FSO repair services provided by MODEC…

O&G Industry: 30% of Risks in the Construction of Ships Can be Avoided

Dec 14, 2023

If there is anything that offshore ships, e.g. for the oil and gas industry have in common, it is the complexity. Think about an offshore support vessel, a platform supply vessel and a rig support vessel - all complex ships and often one offs…

EnFAIT Horizon 2020: Tidal Turbine Costs Cut 40%

Dec 14, 2023

A European project, led by one of Scotland’s leading tidal developers, has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40 percent, and has produced findings that could redefine the boundaries on what can be achieved by tidal power globally…

CCUS: Bernhard Schulte Orders Its First CO2 Tanker

Dec 14, 2023

Bernhard Schulte ordered its first CO2 tanker, a newbuild to be constructed at Dalian Shipbuilding Offshore (DSOC) and to showcase technologies designed to reduce its carbon footprint. Planned for delivery in 2026, the ship is committed to a long-term time charter agreement with Northern Lights…

Current News

Esgian Week 24 Report: Noble and Diamond Offshore Announce Merger Plans

Esgian Week 24 Report: Noble a

Japan Could Be Energy-independent by 2060

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Solstad Offshore’s Two CSVs Re

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Dana Petroleum Hires Subsea7 f

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