Business & Finance
Mermaid takes delivery of 2005-built pipelay vessel
Mermaid Maritime’s wholly-owned subsidiary Mermaid Subsea Services Thailand (MSST) has taken delivery of the pipelay vessel Resiliant, previously known as Swiber Conquest. MSST signed a Letter of Intent (LoI) with Swiber Holdings for the purchase of the pipelay vessel at the beginning of November 20
Transocean goes beyond core business after getting carbon capture and storage gig
Transocean will drill one carbon injection well and a sidetrack in support of the Northern Lights Carbon Capture Storage Project.
ExxonMobil joins pledge for net-zero in oil & gas operations by 2050
ExxonMobil has revealed its ambition to achieve net-zero greenhouse gas emissions for operated assets by 2050.
Subsea tie-back leader facing inflation-driven cost increase of $6.5 billion
Norway, the global subsea tie-back leader, is set for an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, according to Rystad Energy’s latest report. During the five-year period, about 275 subsea tree
Norway offers offshore licences to 28 oil & gas firms amid ‘great interest’
The Norwegian Ministry of Petroleum and Energy has offered 53 licences on the Norwegian continental shelf in APA 2021 to 28 companies.
Eventful year ahead for Energean with FPSO nearly ready for Israeli waters
Energean expects an eventful year ahead as it is working to achieve several important milestones for its project located offshore Israel.
Equinor resumes working with CGG for PRM imaging
CGG has secured a three-year contract extension to continue operating a dedicated 4D permanent reservoir monitoring (PRM) imaging center at Equinor’s Stavanger offices in Norway. Equinor’s asset teams analyze the 4D seismic images delivered by CGG within days of acquisition in order to optimize prod
Wintershall Dea saying goodbye to Brazilian assets in bid to pursue portfolio optimisation
Wintershall Dea has revealed plans to exit Brazil in a bid to optimise its portfolio and spearhead natural gas production transformation.
Chariot unlocking Moroccan offshore gas fields
Chariot has completed gas drilling operations on the Anchois gas project offshore Morocco, unlocking Moroccan offshore gas fields.
STR expands geographical reach as new investment comes
The U.S.-headquartered Baird Capital has invested in Subsea Technology & Rentals (STR) to support the UK subsea rental equipment provider in developing its equipment and service offerings. The investment will also enable STR to further expand its geographical reach, with the Americas, mainland Europ
NYK, Knutsen form new company for LCO2 transportation
Japanese shipping major NYK and Norway’s Knutsen Group have established a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business worldwide.
PGS wins seismic acquisition contract for UK CO2 capture and storage project
British oil and gas major BP has contracted Norway’s Petroleum Geo-Services (PGS) to deliver a carbon capture and storage (CCS) 3D seismic acquisition scope over the Endurance reservoir offshore the UK. Seismic acquisition is scheduled to start during April at the site located about 145 kilometers o
Appraisal success in Gulf of Mexico supports low-cost development scheme
Beacon Offshore has completed the drilling of the Winterfell-2 appraisal well located in the Green Canyon area of the U.S. Gulf of Mexico.
Offshore watchdog earmarks funds for better incident follow-up in oil & gas
Norwegian regulator will invest $1.9 million annually in a drive to advance the follow-up of serious incidents in the oil & gas sector.