Drilling of high-impact wells in 2020 suffered at the hands of the pandemic, but the overall results were nevertheless positive, Rystad Energy reveals.
Subsea tree order intake in January 2021 has seen the awards totalling 69 units, getting off to a fast start, according to market research provider Westwood. Notable awards came for Petrobras’ Buzios development, Santos’ Bayu Undan Phase IIIc, Energean’s Karish North, as well as the North El Amriya
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), part of Korea Shipbuilding & Offshore Engineering (KSOE) has received contracts from Oceanian shipping companies to build two LPG carriers and one petrochemical vessel.
BP’s giant Argos floating production unit, built for the Mad Dog 2 project by Samsung Heavy, last week sailed away from a South Korean yard to Texas.
Brazilian oil and gas company PetroRio has completed the acquisition of the 30 per cent interest in Frade field from compatriot state-owned company Petrobras.
Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception.
Bahamas Petroleum Company has encountered hydrocarbons at its Perseverance #1 well off The Bahamas, but the volumes of oil encountered are not commercial.
Offshore drilling contractor Seadrill Limited has been forced to file Chapter 11 cases for several of its wholly-owned subsidiaries in Asia.
Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill offshore South Korea.
General Electric (GE) is tapping into the knowledge and expertise from its aviation and healthcare businesses to advance its wind turbine technology. The company is researching the design and manufacture of 3-D printed wind turbine blades, and developing a high-efficiency ultra-light low temperature
Irish company DesignPro Renewables has concluded its hydrokinetic turbine pilot programme at SEENEOH test site in France.
Ithaca Energy has restarted production at its FPF-1 unit located off the UK following a recent shutdown due to an outbreak of Covid-19 on the unit.
Oil & Gas UK has announced the appointment of a new co-chair to its board, as the sector focuses on the industry’s recovery whilst meeting net-zero targets.
The Asia Pacific region continues to provide a wealth of opportunities for the UK’s subsea engineering sector, both in traditional oil & gas and in the growing renewables market, the industry body said. A new summary of activity compiled by Subsea UK shows, that despite the challenges, discoveries c
