SBM Offshore, one of the world's largest suppliers of floating, production, storage, and offloading (FPSO) vessels for the offshore oil industry, is looking at ways to diversify its offering, with a more dominant role predicted for gas in the future…
Equinor's Johan Castberg Arctic oilfield will cost some 10% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's budget showed on Tuesday.The project…
Norwegian oil company OKEA, the operator of the Vette license offshore Norway said Tuesday it had decided to propose to the license partners not to develop the Vette discovery further, 'due to the project’s insufficient financial robustness…
Marine robotics company Ocean Infinity has acquired Norway-based company Red Rock, a company providing offshore lifting and handling equipment, as well as AI-supported autonomous equipment and operations.Announcing the acquisition, Ocean Infinity…
Dutch offshore services company Fugro has won a contract with Denmark's Energinet to provide floating wind lidar measurements for what will be the world’s first offshore artificial energy islands, which is being built for the Danish Government…
Oilfield services company TechnipFMC has secured a long-term charter and services contract with Petrobras in Brazil for the pipelay support vessel Coral do Atlântico.TechniFMC said the contract was a “substantial” one, meaning it has a value between $250 million and $500 million…
UK-based oil and gas company IOG said Monday there had been an issue with one of the legs on the Noble Hans Deul jack-up drilling rig which recently moved to drill a well at its Southwark offshore field in the Southern North Sea.'Over recent…
Libya’s National Oil Corporation (NOC) has brought under control an oil spill at an offshore storage facility, the company said on Sunday.The leak at the Farwah facility owned by Mabruk Oil Operations occurred while a tanker was loading oil on Friday…
Offshore drilling company Seadrill said all voting classes of stakeholders accepted its reorganization plan, including all 12 credit facilities and general unsecured creditors and shareholders, labeling the result as an important step to Chapter 11 emergence…
CIMC Offshore Engineering Institute (CIMC OEI) has signed a memorandum of understanding with wave energy technology company Eco Wave Power.CIMC OEI is an engineering company that designs and builds offshore marine structures such as offshore drilling rigs…
Sweden-based subsea survey and inspection firm MMT, part of Ocean Infinity, has appointed Sara Båth-Dahlström as CEO. Båth-Dahlström, who takes over on an interim basis, from Per-Olof Sverlinger, has been with MMT since 2019.MMT was acquired by Ocean Infinity earlier this year…
The first offshore wind turbine jacket foundation has been installed at Seagreen – Scotland’s largest offshore wind farm under construction - using Saipem 7000 crane vessel.Loaded on a barge at Global Energy Group’s Port of Nigg in the Highlands of Scotland…
The UK-focused oil company Tailwind has completed the drilling of the Evelyn field development well, at the Triton Cluster on the UK North Sea.In February this year, Tailwind sanctioned the Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA…
Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.'We have plenty of cash…
Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…
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