Latest News - page 53

 

Norway Marks Record-High Gas Output Year

Jan 09, 2025

Norway's natural gas production rose by 6.9% in 2024 to a record 124 billion cubic metres (bcm) but is expected to ease slightly this year, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway became Europe's largest supplier of natural gas following Russia's invasion of Ukraine in 2022…

TotalEnergies to Start Exploration Drilling Off Suriname from May

Jan 09, 2025

TotalEnergies will start drilling an exploration well on Suriname's Block 64, the company's country manager Artur Nunes da Silva said on Wednesday, adding final costs and further well operations were still being organized.Suriname is working to build its offshore oil and gas industry…

XOCEAN Nets $118M Investment to Expand Offshore Operations

Jan 09, 2025

Irish ocean data company XOCEAN has secured $118.3 million investment to support its expansion across multiple offshore segments including wind development and operations, asset integrity assurance, CCUS, and civil hydrography.XOCEAN partnered with S2G Ventures to structure the round…

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Jan 09, 2025

Abu Dhabi-based integrated energy and marine services, engineering, procurement, and construction (EPC) firm NMDC Group has secured a major contract from Taiwan Power Company (Taipower) to design and install offshore gas pipelines in Taiwan…

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

Jan 09, 2025

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp ONGC on Thursday.ONGC named…

Kongsberg Discovery Acquires Naxys Technologies

Jan 08, 2025

Kongsberg Discovery has reached agreement to acquire Naxys Technologies, a Bergen-based subsea company that specializes in technology for recognizing the sound of oil and gas leaks.Martin Wien Fjell, CEO of Kongsberg Discovery, points to the…

Shell Comes Up Dry Offshore Namibia

Jan 08, 2025

Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.Shell told Reuters that discovered oil and gas…

Alaska sues Biden Administration over ANWR Leases

Jan 08, 2025

The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U…

EIA: Cushing Crude Stocks fall to Decade-low levels

Jan 08, 2025

U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan…

AES Acquires CWind from Inspirit Capital

Jan 08, 2025

All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…

Shell Hires SLB for Deepwater Drilling Support Across Multi-Region Assets

Jan 08, 2025

Global energy technology company SLB has secured a series of major drilling contracts by Shell to support capital-efficient energy development across its deep and ultra-deepwater assets in the U.K. North Sea, Trinidad and Tobago, Gulf of Mexico and others…

Van Oord Takes Delivery of Giant Offshore Installation Vessel Boreas

Jan 08, 2025

A brand-new offshore installation vessel Boreas has been handed over to Van Oord during a festive ceremony at the Yantai CIMC Raffles Offshore shipyard in China.The Boreas, named after the Greek god of the Northern winds, is purpose-built for…

DeepOcean Adds High-Spec Subsea Vessel to Its Fleet

Jan 08, 2025

Ocean services provider DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer.The new capacity aligns with the company’s service offerings and subsea capabilities across both the offshore renewables and conventional energy sectors in multiple regions…

KCA Deutag Lands $16M Drilling Services Extensions in North Sea

Jan 08, 2025

Oil and gas drilling services company KCA Deutag has secured contract extensions for its drilling services in the U.K. North Sea, worth $16 million.KCA Deutag said its offshore business pocketed multi-million-dollar contract extensions in the U…

Norway Greenlights DNO’s North Sea Drilling Campaign

Jan 08, 2025

DNO Norge has secured a permit from the Norwegian Offshore Directorate (NOD) to drill an exploration well in the North Sea.DNO Norge, and its partners Aker BP, Japex Norge, and Concedo, will use Odfjell Drilling’s Deepsea Yantai semi-submersible…

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