Over $1.42 trillion is said to be at risk of being lost if Norway does not step up its search for remaining hydrocarbon resources on the Norwegian Continental Shelf (NCS) and takes advantage of new technology to boost production levels.
Swedish tidal energy developer Minesto has put together an investment offer for the first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands. According to Minesto, the actual production results of its utility-scale tidal energy kite Dragon 12 (D12) are used to accurately predict e
Singapore’s Rex International Holding Limited has disclosed the results of an independent qualified person’s report (QPR) for its oilfield offshore Benin.
DRIFT Energy, a British startup set to make green energy at sea using hi-tech sailing vessels, has closed its seed funding round that would enable it to build its first green hydrogen producing vessel.
A business opportunity worth nearly $3.3 billion per year has prompted the UK’s Port of Sunderland to forge ties with Northern Metal Recycling to bring a new decommissioning playground into play, opening the doors to service the oil and gas industry in the North Sea.
Dutch geo-data specialist, Fugro, has been awarded a long-term contract to provide construction support to its compatriot Van Oord for offshore wind farms across Europe for three years, with an option to extend. Under the contract, multiple remotely operated vehicle (ROV) systems, construction equip
BW Energy has started drilling the next well on its agenda at an oil field in the Dussafu license off the coast of Gabon, Africa, with a jack-up rig owned by Borr Drilling.
GFI LNG and Pilot LNG have teamed up to develop a small-scale LNG terminal in Mexico’s Salina Cruz on the Pacific side of the Panama Canal.
Trident Energy is making inroads in its infill drilling campaign on Block G offshore Equatorial Guinea with a drillship owned by the U.S.-headquartered Noble Corporation.
TotalEnergies and Kistos have been presented with seven new blocks or part blocks in an area that contains producing oil and gas assets located West of Shetlands off the coast of the UK.
BP has hired two Audubon and Exmar Offshore to handle the engineering and design of topside and hull, respectively, for a floating production unit (FPU), which will be deployed at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.
Aker BP has expanded its collaboration with Aize, a digital twin software provider, by including a software-as-a-service (SaaS) agreement for all relevant facilities.
Japan’s MOL has taken hold of a larger stake in MODEC, which will enable it to convert the firm into an equity-method affiliate in pursuit of further growth in both firms’ offshore businesses against the backdrop of energy transition plays that call for a step-up in the decarbonization arena.
The C-Horizon vessel is set to soon kick off shallow water debris removal, boulder relocation and pre-lay grapnel run activity in UK waters to clear the proposed cable route for the first direct energy link between the UK and Germany. The 1.4 GW NeuConnect interconnector will see the construction of
