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…
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…
Norwegian Ocean Industry Authority (Havtil) has issued the Acknowledgement of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig, which can now proceed to start operations with Equinor on the Sleipner Vest field, off Norway.Earlier in 2024…
Portuguese maritime engineering company Etermar has launched Etermar Energia, a new branch dedicated to renewable energy, with a strong focus on offshore wind.Energia Energia has been established with the aim to become a strategic partner for the development of offshore wind projects worldwide…
Engineering firm TWD and IX Renewables, a consultancy company specializing in EPCI management, have signed a memorandum of understanding (MoU) to strengthen their presence in the offshore wind sector in the APAC region.Under the agreement, IX…
Norway's Equinor has started monitoring operations of the Sleipner B platform in the North Sea, following the outage due to smoke development reported in one of its electrical facilities.The emergency vessels Skandi Mongstad and Esvagt Bergen…
Norwegian offshore vessel operator DOF Group has secured a multi-million dollar contract with international oil company for the platform supply vessel (PSV) Skandi Feisten.The vessel will continue with the current client on a new 18-months firm contract with a further 18-months extension option…
Mitsui O.S.K. Lines (MOL) has signed an agreement with Singapore LNG Corporation, Singapore's state-owned LNG terminal operator, on a long-term time charter contract for one newbuilding floating storage regasification unit (FSRU).The FSRU will be built at Hanwha Ocean in South Korea…
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