Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Monday that it will reduce operations due to significant uncertainty in the market as a result of the COVID-19 crisis. According to the Oslo-listed AGS, this should take place following its current surveys in the North Sea and Egypt.
A floating solar demonstration project to be installed within the Hollandse Kust Noord offshore wind farm site will be constructed in 2025, according to TNO, the Dutch organization for applied scientific research. TNO will work on research and demonstration of offshore solar energy in the new offsho
Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.
Liquefied natural gas technology provider LNT Marine will see its LNT A-Box containment system deployed in a new LNG carrier design.
The National Subsea Research Institute (NSRI) has developed a tool which provides a clear indication of the potential commercial viability of early stage technology in the subsea industry, supporting technology and innovation developers, funding organisations and investors. By measuring the viabilit
Independent Oil and Gas (IOG) has awarded the engineering, procurement, construction, and installation (EPCI) contract for its Core Project Phase 1 platforms to Dutch contractor HSM Offshore.
Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission.
The Swedish Energy Agency has recently opened a call for the development of cost-effective and sustainable marine energy systems. The Agency’s support within the framework of this call for proposals is approximately SEK 30 million ($3.45 million). Also, each project within the call for proposals may
Irish oil and gas exploration company Providence Resources has revealed the list of companies which are part of a consortium set to develop the Barryroe field offshore Ireland.
Hitachi ABB Power Grids has won a contract from SSEN Transmission to deliver a pioneering multi-terminal HVDC interconnection in Shetland. It marks a European first for the HDVC Light technology and the second project of its kind in the world. The link, which will connect Shetland to the UK transmis
Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations.
Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020.
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Subsea services group Acteon has recently opened its new facility in Westhill, Aberdeen. The company has obtained the extensive newly built premises, spanning over a total of 55,000 square feet. The centre should simplify the interface for its clients and boost service delivery for survey, marine el
