Business Developments & Projects
First apprentices join Morlais tidal energy project
UK social enterprise Menter Môn has welcomed the first apprentices at the Morlais tidal energy project located offshore Anglesey in Wales, as work gets underway.
ABB’s subsea technology wins accolade for saving power and cutting emissions
ABB has received a best practices award from consulting firm Frost & Sullivan that recognizes its subsea technology for saving power and cutting emissions for energy industries. ABB won Frost & Sullivan’s 2022 Best Practices Award for Global Oil and Gas Automation Technology Innovation Leadership fo
Austria’s OMV spuds large gas prospect in Norway
Austrian oil and gas company OMV has started drilling operations on the Oswig exploration well located in the North Sea offshore Norway.
UK firm seeking partner for ‘one of North Sea’s largest undeveloped oil projects’
Parkmead has launched a farm-out process to find a partner for the development of an oil project in the North Sea.
Argeo’s SeaRaptor AUV sails through ultra-deep waters
Argeo’s autonomous underwater vehicle (AUV) SeaRaptor Bravo has finished ultra deepwater survey work, thus completing necessary qualification requirements for the technology. Due to other project requirements for SeaRaptor Alpha, SeaRaptor Bravo completed the project, for which commencement was post
Sky-high profits for U.S. oil majors Exxon and Chevron
U.S. oil and gas majors Chevron and ExxonMobil both posted record profits for the second quarter of the year.
Tidal Flyer performs tank tests at LiR NOTF as part of Selkie project
Irish tidal and river energy technology developer Tidal Flyer has tested its system at LiR National Ocean Test facility (NOTF), Ireland’s flagship facility for testing and development of offshore technologies, under the support of the Selkie project.
Fincantieri delivers NCL’s 1st energy-efficient Prima-class cruise ship
Italian shipbuilder Fincantieri has delivered the next-generation energy-efficient cruise ship Norwegian Prima to Norwegian Cruise Line (NCL), a part of the US-based Norwegian Cruise Line Holdings. The vessel has been delivered today, 29 July, at Fincantieri’s shipyard in Marghera, Venice. The Norwe
IES-OES spotlights ocean projects for heating, cooling and power production
The International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has published six interviews on successful projects around the world that take advantage of the temperature of the ocean for heating, cooling and power production.
Shell books Stena rig for North Sea work
Offshore drilling contractor Stena Drilling has signed a new contract with oil major Shell in the UK for its drilling rig Stena Don.
Subsea 7 figures up in spite of offshore wind challenges
Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Convention
Jack-up rig getting ready for seven-well campaign in Black Sea
After wrapping up its previous job, a jack-up rig is preparing to embark on its 2022 – 2023 drilling campaign in the Black Sea off Turkiye.
GTT received new LNGCs tank deign order, breaks new record in order intake
Korean shipyard Hyundai Heavy Industries (HHI) has ordered tank designs of eight LNG carriers from French LNG containment specialist GTT.
New campaign to keep SeaBird Exploration busy for 9 months
Green Energy Group (SeaBird Exploration) has received a letter of award for a 2D campaign in the Eastern Hemisphere with a duration of approximately nine months. According to Green Energy Group, the contract is expected to commence in September with rates reflective of an improving 2D market. The co