Norwegian seismic company PGS is supporting the upcoming Nigeria 2022 Mini Bid Round with a range of 3D coverage over the seven blocks that will be on offer. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced in mid-December 2022 that it is planning to hold a mini-bid round for
Danish container shipping major Maersk has appointed a new executive leadership team as the company kick-starts the year under the helm of Vincent Clerc as CEO. As we reported earlier, Clerc took over the reins at A.P. Moller – Maersk on January 1, 2023, following the retirement of his predecessor S
Pakistan’s government has decided to sell two LNG-fired plants to Qatar in a direct $1.5 billion deal to avoid a looming sovereign default, according to reports by Pakistani media outlets. Pakistani daily newspaper The Express Tribune writes that “the government has quietly delisted two power plants
Ocyan, a subsidiary of the Novonor group that provides solutions for the upstream offshore oil and gas industry in Brazil and abroad, and LZ Energia, developer of technological solutions to reduce its customers’ operations fuel consumption and air pollution, have appointed DNV, the global independen
Pipeshield International and Subsea Innovation, Tekmar Group companies, have secured several contracts described as “significant”.
Solstad Offshore’s platform supply vessel (PSV) Normand Leader has saved 29 per cent of emissions and fuel consumption compared to a normal transit and only minor vessel speed alternations. Solstad said it had worked with partner VPS Decarbonization over the last weeks to use data analytics to save
Forum Energy Technologies (FET) has delivered three work-class remotely operated vehicles (ROVs) to Brazil-based OceanPact for deployment on Petrobras’ oilfields. The three 200HP Perry XLX-C ROVs, manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire, will be deployed on two of OceanP
Korea Shipbuilding and Offshore Engineering (KSOE), a research-oriented intermediate holding company of the Hyundai Heavy Industry (HHI) Group, Germany’s Fraunhofer Institute for Ceramic Technologies and Systems (IKTS), and European solid oxide systems (SOC) producer ELCOGEN have agreed to collabora
Zenith Energy has been awarded a three-month exclusivity period to negotiate and finalise terms of a PSC for a block offshore Benin.
Prysmian Group’s cable-laying vessel Cable Enterprise has begun the cable-laying operations for a new submarine power interconnection in Spain. The Italian cabling giant reported on 9 January that the cable layer started work for the new electricity link between Ibiza and Formentera, awarded by Span
The US Department of Energy (US DOE) has expanded its largest ever investment in tidal energy with additional $10 million, reserved for community-led tidal and current energy projects.
Masirah Oil, a subsidiary of Singapore’s Rex International, has completed its drilling campaign off Oman with Shelf Drilling’s jack-up rig.
Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $
Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a
