Business & Finance
PGS and Shell ink multi-year multiclient library access deal
Norwegian seismic company PGS and oil and gas major Shell have entered into a multi-year agreement for access to a significant part of PGS’ multiclient data library. Under the agreement, Shell will gain rapid and easy access at scale to the PGS multiclient library which will play an important part i
WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost
As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.
Equinor to press on with procurement processes for Bay du Nord oil project
Equinor will continue its Bay du Nord procurement processes, including options such as the recent expression of interest for FPSO Topside Engineering and Procurement for FEED, with an option for execution.
EMEC schedules open days in Orkney
The European Marine Energy Centre (EMEC) is holding open days next week for the public to hear about the testing and demonstration activities happening in Orkney.
Norwegian gas holds potential to play ‘key place’ in Europe’s energy transition
Norway’s gas can enable Europe to achieve its energy transition goals, says the NPD, but investments in unlocking new resources are needed.
Investigation underway after fatal accident at Keppel yard
Investigations and thorough reviews are being conducted following a fatal accident at Keppel Shipyard in Tuas on Monday.
New offshore drilling solutions provider makes first acquisition
HMH Holdings has completed the acquisition of Electrical Subsea & Drilling (ESD), a Norwegian company that holds a portfolio of patents and technology with applications in the oil and gas industry. HMH stated that ESD’s most promising technologies are those related to electronic blowout preventers a
DEME and Havfram enter offshore wind partnership in Norway
DEME Offshore and Havfram have signed a Memorandum of Understanding (MoU) to jointly offer construction services to the offshore wind farm sector in Norway, starting with projects to be selected through the upcoming lease auction for the Sørlige Nordsjø II area. The companies say they plan to play a
Latest rig addition brings ADNOC Drilling’s offshore jack-up fleet to 28 units
ADNOC Drilling has inked a deal to acquire an additional premium offshore jack-up drilling rig as part of its fleet expansion programme.
Petronas taps Velesto for plug & abandonment work in Malaysia
Velesto Energy has secured a deal for plug and abandonment (P&A) services with Petronas Carigali on two offshore platforms in Malaysia.
Substantial investment in UK oil & gas needed to ensure energy security, says OEUK
Offshore Energies UK (OEUK) warns that more investment is required in oil and gas reserves to maintain production and ensure energy security.
Shearwater scores multiple contracts offshore India
Shearwater GeoServices has secured multiple contracts with a repeat customer for 2D and 3D seismic surveys offshore India. The awarded contracts comprise three 2D projects representing 13 vessel months of backlog, and two 3D projects for a further eight vessel months. Shearwater GeoServices is set t
India’s Aban brings delayed rig sale to a close
India’s Aban Offshore has completed the sale of a jack-up drilling rig to ADES International, which was postponed on several occasions.
Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector
Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”