U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal.According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips…
The U.S. Supreme Court on Monday agreed to decide whether a supervisor of offshore oil rig workers is entitled to overtime pay under federal law even though he earns more than $200,000 a year, with potentially costly implications for the oil and gas industry and other employers…
ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…
The U.S. offshore wind sector continues to pick up speed on its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, with a total investment of $205 billion required for the 70 GW of capacity forecast to be added in this and the next decade…
Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Tuesday it had signed a new Karish gas sales deal for up to 0.8 bcm/yr. It also said that the Energean Power FPSO, which will be used to produce gas from the Karish field…
The Danish marine pumps specialist Svanehøj will supply pump systems for two CO2 carriers that will transport liquid CO2 to the Northern Lights storage facilities in Norway.Northern Lights, the JV owned by Equinior, Shell, and TotalEnergies…
BP boosted its share buyback program after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia.Soaring oil and gas…
Norwegian marine seismic survey company PGS has won a Wide Azimuth 3D acquisition contract offshore Cyprus. PGS, which owns a fleet of seismic survey vessels, said that mobilization was scheduled to start in mid-June. The acquisition is expected to complete in mid-August…
Subsea services company DeepOcean has entered into a long-term strategic partnership agreement with the Norwegian oil and gas company Aker BP.Under the agreement, DeepOcean will be Aker BP’s preferred supplier of subsea operations related to inspection…
Liquefied natural gas (LNG) tanker Arctic Voyager is set to arrive at Norway's Hammerfest terminal on May 9, Refinitiv Eikon data showed on Monday, ahead of a planned restart of gas production the following week.Europe's only large-scale LNG plant…
American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) by Friede and Goldman (F&G).According to ABS, the design is…
RWE Renewables, a German offshore wind giant is looking to build an offshore wind supply chain in Louisiana, one of the top U.S. oil and gas producing states. RWE said last week it would collaborate with Greater New Orleans, Inc. (GNO, Inc.)…
The first floating wind turbine for Equinor's 88MW Hywind Tampen floating wind farm in Noway was assembled last week at Wergeland Group's base in Norway, Wergeland shared via social media.Equinor’s Hywind Tampen will be the world’s largest floating offshore wind farm once completed later this year…
U.S. Gulf of Mexico focused oil and gas company W&T Offshore has signed a Memorandum of Understanding (“MOU”) with Korea National Oil Corporation (“KNOC”) to jointly consider and pursue various opportunities in upstream oil and gas as well as…
Oil and gas production has started from FPSO Guanabara offshore Brazil, the first definitive production system installed in the Petrobras-operated Mero field, in the Santos Basin pre-salt. Three more FPSOs are planned for deployment at the Mero field…
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