Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy (EPL). The proposed regulatory shift has
U.S. subsea engineering and applied technology firm Oceaneering has launched its new electric-propulsion remotely operated vehicle (ROV), said to be designed for continuous 30-day subsea operations. The Momentum electric work-class ROV features plug‑and‑play sensors, advanced 360-degree vision, auto
Canada-based Valeura Energy, an oil and gas company, is seeking further insight from Thailand regarding the Southeast Asian country’s recent request to oil producers to postpone planned downtime at oil production facilities and temporarily suspend crude oil exports.
A four-partite Japanese consortium has formed a Japan-New Zealand hydrogen corridor and will study the commercialization of green hydrogen production in New Zealand and export operations to Japan. Mitsui O.S.K. Lines (MOL), Obayashi Corporation, Kawasaki Heavy Industries (KHI), and Chiyoda Corporati
Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has connected a mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) asset at a field off the coast of Benin.
Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, has put South Korea’s Hanwha Ocean on module fabrication duty for its planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.
Offshore fabrication contractor Lamprell has been tasked by India’s state-owned energy company Oil and Natural Gas Limited (ONGC) to deliver a pipeline replacement project in Indian waters. Lamprell’s scope includes the replacement and laying of approximately 285 kilometers of subsea pipelines of va
Norwegian authorities have given the go-ahead for production drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a rig owned by Noble Corporation, a U.S.-headquartered energy giant.
Brazil’s offshore vessel owners OceanPact and CBO are set to combine their businesses by incorporating CBO’s holding company into OceanPact, thereby creating a firm that will have a total fleet of 73 vessels. The partners note that the business combination is a catalyst for implementing sustainable
Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has entered into an agreement to acquire a 100-year-old longitudinal submerged arc welding (LSAW) pipe mill in the UK for a total consideration of GBP 10 million (around €11.45 million). Corinth Pipeworks UK Ltd and the joint administrator
A liquefied natural gas (LNG) shutdown has led Qatar’s state-owned oil and gas giant QatarEnergy to issue a contractual force majeure notice to LNG buyers.
Germany’s Securing Energy for Europe (SEFE) has finalized a multi-year liquefied natural gas (LNG) supply agreement with Argentina’s Southern Energy (SESA) against the backdrop of rising energy security concerns that are looming over Europe and the globe in the wake of the U.S.-Israel military opera
Three players – Seadrill, an offshore drilling contractor, Kongsberg Maritime (KM), a technology player, and Hanwha Drilling, a provider of offshore drilling services – have forged an alliance to develop the next generation of remote dynamic positioning (DP) technology to establish new standards for
CHC do Brazil, part of CHC Helicopter that serves as a provider of helicopter services to the offshore energy sector and search and rescue (SAR) operations, has landed a new assignment with Norway’s state-owned energy giant Equinor at a huge pre-salt field in the Santos Basin off the coast of Brazil
