Business & Finance
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.
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.
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
Life extension granted for North Sea field
Norway’s offshore safety regulator has granted Aker BP consent for life extension for a field located in the North Sea off Norway.
Marine license application submitted for Scotland to England subsea link
Scottish Hydro Electric Transmission (SHE Transmission) and National Grid Energy Transmission (NGET) have applied for marine licenses for the Eastern Green Link 2 subsea HVDC project. SHE Transmission applied to the Scottish Government for marine licenses in respect of Eastern Green Link 2 HVDC cabl
WATCH: Jack & skid ops for next phase of BP’s Azeri project
BP has achieved what it says is a major milestone on the Azeri Central East (ACE) project in Azerbaijan.
Aquaterra gets subsea riser order from Azerbaijan
Aquaterra Energy has won a high-pressure high temperature (HPHT) subsea riser contract with oil and gas operator Umid Babek Operating Company (UBOC) for the exploration of its HP well on the Babek project in Azerbaijan. Aquaterra Energy will deliver its 15,000 psi subsea riser system, using the AQC-
Huge profits for Shell due to high oil and gas prices
Shell achieved record profits in the second quarter of the year on the back of higher oil and gas prices and refining margins.