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Business & Finance

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Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp.
Business & Finance

Well results off Guyana ‘encouraging’ but total cost estimates rise again

CGX Energy and Frontera Energy have drilled to a total depth an exploration well offshore Guyana, which recently found oil-bearing intervals.

about 3 years ago
DNV approves Hydromea's underwater inspection robot
Business & Finance

DNV approves Hydromea’s underwater inspection robot

Scotland’s remote technology specialist Air Control Entech (ACE) has received the DNV class approval for Hydromea’s EXRAY underwater inspection robot for visual remote inspection technology (RIT). EXRAY, developed by Swiss underwater robotics company Hydromea, is an underwater inspection robot that

about 3 years ago
FPSO Espoir Ivoirien; Source: BW Offshore
Business & Finance

BW Offshore wraps up divestment of another FPSO

FPSO operator BW Offshore has completed the sale of an FPSO, which is currently working offshore the Ivory Coast.

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor gearing up to drill two North Sea wells

Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.

about 3 years ago
Rig move; Courtesy of ABL Group
Business & Finance

36 offshore drilling rigs move to new locations before monsoon season hits

India’s oil and gas firm ONGC has completed 36 rig moves in preparation for the monsoon season with the help of ABL Group.

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Another North Sea well comes up dry

Equinor has completed the drilling of a wildcat well near the Troll field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago
Mist rig; Source: Borr Drilling
Business & Finance

Thanks to infill drilling campaign, more oil flows from Thai field

Valeura Energy has wrapped up its infill drilling campaign at a field offshore Thailand, which has enabled it to ramp up oil production at the field.

about 3 years ago
Pharos assets in Vietnam; Source: Pharos Energy
Business & Finance

With farm-out talks ongoing, UK oil & gas firm secures extension for two blocks off Vietnam

Pharos Energy Plc has received a licence extension for two blocks located in the moderate to deepwater Phu Khanh Basin offshore Vietnam.

about 3 years ago
PSV Siem Giant; Source: Siem Offshore
Business & Finance

TotalEnergies gives more work to two Siem vessels

TotalEnergies has exercised a contract extension with Siem Offshore for two platform supply vessels (PSVs) carrying out ops off Brazil.

about 3 years ago
Maersk
Business & Finance

OCI to fuel Maersk’s 1st green methanol-powered feeder

Dutch producer and distributor of hydrogen-based products OCI Global is fueling the first-ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI revealed that it will provide ISCC-certified green biomethanol to power the maiden voyage of Maersk’s first methanol

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Business & Finance

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago
Equinor taps Aker Solutions for 'first, umbilical-less TH installation'
Business & Finance

Equinor taps Aker Solutions for ‘first, umbilical-less TH installation’

Norway’s state-owned energy giant Equinor has awarded compatriot Aker Solutions with a contract for the first delivery of its Submersible Wireless Installer for Tubing (SWIFT). According to Aker Solutions, the advantage of SWIFT includes OPEX and carbon-footprint savings for operators by providing u

about 3 years ago
Norbe VI; Source: Ocyan
Business & Finance

Ocyan undergoes restructuring, giving birth to new drilling player

Ocyan has confirmed the completion of its restructuring process, which enabled it to separate its drilling business into a new company, temporarily being called DrillCo.

about 3 years ago
Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation
Business & Finance

Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation

Norwegian offshore vessel owner Island Offshore has secured a contract to support the installation of a new gas pipeline in the Mediterranean. The company’s deep-water installation vessel Island Victory will carry out the installation of a complete mooring spread for a floating storage regasificatio

about 3 years ago
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