Business & Finance
Woodside receives green light for Echo Yodel subsea decommissioning
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Woodside Energy’s plan to remove subsea infrastructure from the Echo Yodel field. The Echo Yodel subsea infrastructure includes a pipeline with a pig launcher connected, an electrohydraulic u
IEA states to release emergency oil reserves for the second time this year
The International Energy Agency’s (IEA) 31 members agreed to a new release of oil from emergency reserves in response to the market turmoil.
Shearwater going to South Korea under first contract with KNOC
Shearwater GeoServices has won its first contract with Korea National Oil Corporation (KNOC) to deliver two 3D seismic surveys offshore South Korea, including seismic data processing and imaging. The Myungtae 3D survey, in Block 6-1 Central & East, covers approximately 2,575 square kilometers. The d
Petrobras hits oil in wildcat well off Brazil
Petrobras has made an oil discovery in a wildcat well off Brazil and will continue drilling until the final depth is reached to evaluate it.
Noble rig gearing up to drill second well for Santos
Following an oil discovery in the first, Santos is preparing to start drilling operations on its second well offshore Australia.
Marinus Link scores $75 million in government funding
The Australian Government has allocated a $75 million funding grant for the delivery of the Marinus Link that will connect Tasmania to mainland Australia, together with the North West Transmission Developments in Tasmania, collectively known as Project Marinus. The grant will support the completion
One-year gig with Shell for Maersk drillship
Maersk Drilling has been awarded contracts with Shell for the provision of a drillship for drilling services offshore multiple countries.
Biden orders ‘the largest release of oil reserves in American history’ to lower prices
U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.
Solstad pulls off hat-trick award with ConocoPhillips
Solstad Offshore has inked new long-term deals for three of its platform supply vessels (PSVs) with ConocoPhillips for operations off Norway.
WATCH: SBM Offshore’s third Guyana FPSO moves to topsides integration phase
SBM Offshore has revealed that its second Fast4Ward FPSO and third one for Guyana has moved to the integration phase in Singapore.
Rovco spin-off raises $20M for globalization and expansion plans
Vaarst, tech spin-off of subsea player Rovco, has raised $20 million in investments to fund its global expansion plans and drive next-generation technology adoption in marine industries. The investment is the first in the company’s Series B round and will be used for the expansion of its pioneering
Petrofac wins ‘major’ FPSO decommissioning gig in Australia
Petrofac has been awarded a Floating Production, Storage and Offtake (FPSO) decommissioning deal by the Australian government.
SIMEC Atlantis lands close to €3 million for MeyGen turbines redeployment
SIMEC Atlantis Energy has secured a non-convertible loan of €2.95 million from Scottish Enterprise for the redeployment of MeyGen turbines.
Aker BP to gauge remaining oil potential of North Sea field
After concluding the drilling of two wells, Aker BP will be working on evaluating the remaining oil potential within a North Sea field.