InduSuite introduced FloCloud, its latest application in its line of welding and cutting digital software solutions. FloCloud includes a combination pressure and flow sensor system that digitally tracks the pressure, temperature, consumption…
The Norwegian Offshore Directorate has granted OKEA a drilling permit for a new wildcat well at Brage field in the North Sea.The permit is for a wellbore 31/4-A-23 F in production license 055.OKEA is the operator of the license with 35.2% stake…
Inyanga Marine Energy Group has launched a crowdfunding round to advance the development of its HydroWing tidal energy technology and projects.The crowdfudnign campaign has been opened in partnership with Crowdcube.HydroWing aims to unlock the…
Subsea technology and services provider Ashtead Technology has signed an agreement with Acteon Group to acquire Seascan and its subsidiaries known as Seatronic, and its sister company J2 Subsea for $81.5 million.The latest acquisition will further…
What drives cyber attackers and what are their main motives for malicious online activities? Who are the most prominent attackers in the maritime industry and how do they do it?According to the report from Marlink’s Security Operations Center on cyber security threats…
A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi told a press conference on Wednesday.Egypt plans to increase oil and gas exploration works in 2025…
Norway's largest oilfield Johan Sverdrup is expected to come off its production plateau early next year, operator Equinor said on Thursday.The field hit record daily output of more than 756,000 barrels of oil per day in September, equivalent to some 6%-7% of Europe's daily oil consumption…
Equinor reported a sharper-than-expected 13% decline in third-quarter profit on Thursday, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian…
The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…
Independent energy expert and assurance provider DNV has been appointed to perform technical due diligence to help unlock the financing of eight offshore wind projects on the United States’ Atlantic Coast.The technical due diligence DNV is providing…
While utilization for marketed jackup rigs is at a healthy 100% in the Asia Pacific (APAC) region, it is an ageing fleet that will ultimately be unable to fulfil operator age requirements.Westwood’s RigLogix records 39 marketed jackups in APAC…
Altera Infrastructure and its partner Harbour Energy have secured $242 million grant funding from the EU Innovation Fund for the STARFISH project, which aims to provide a large-scale solution for CO2 sequestration using shared offshore infrastructure…
Viridien, formerly CGG, and SLB have completed the data acquisition for a multi-client survey in Bonaparte Basin, offshore Australia.Backed by the industry support and prefunding, the approximately 6,760 sq km ultramodern PSDM seismic data set…
Norwegian offshore vessel owner DDW Offshore, a subsidiary of Akastor, has secured work for two of its anchor handling tug supply (AHTS) vessels with an international oil company offshore Australia.DDW Offshore has secured two one-year contracts…
After more than years of continuous monitoring, no collisions between the TetraSpar floating offshore wind turbine and birds have been recorded at the deployment site at the Marine Energy Test Centre (METCentre), off the coast of Norway.Norwegian…