Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.
Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.
MODEC has confirmed the start of production from a new FPSO, which is deployed at Petrobras’ giant deepwater oil field off Brazil.
Challenger Energy has bid for and expects to be awarded a shallow water exploration block located off Uruguay.
Oslo-headquartered seismic company PGS has secured a 3D exploration acquisition contract in the Mediterranean with an undisclosed company. Seismic vessel Ramform Hyperion is in charge of carrying out the work and is set to mobilize for the survey late in the third quarter of 2023. According to PGS,
BW Offshore has secured a short-term contract extension for one of its FPSOs, which is working at a field located offshore the Ivory Coast.
Woodside has reported an incident, which resulted in a fatality at its operated gas processing facility offshore Western Australia.
ESB and Ørsted have signed an agreement to jointly develop a portfolio of up to 5 GW of offshore wind and complementary green hydrogen projects in Ireland, with the first of these offshore wind projects expected to compete in the next Irish auction, ORESS 2.1. The agreement also marks Ørsted’s entry
Italian oilfield services provider Saipem has completed works for the subsea production network for Azule Energy’s Agogo field development project offshore Angola. Saipem reported on 2 June that its team had completed the subsea production network for the Early Phase 2 development of the Agogo field
Velesto has secured work with an estimated combined contract value of $10.9 million for one of its jack-up drilling rigs.
Swedish company CorPower Ocean is collaborating with Portugal-based WavEC Offshore Renewables to deliver an environmental monitoring program with the goal of verifying the environmental impact of its wave energy technology. Phase one which included underwater noise baseline campaigns has been conclu
Singapore-based ship owner and operator BW Epic Kosan has secured its first sustainability-linked loan, valued at up to $140 million. The company plans to use the loan to refinance 19 vessels, while an additional acquisition line of $20 million will support potential growth opportunities. The loan i
Developers of the FAB interconnector that will link Great Britain and France are planning to submit an updated planning application regarding the project’s converter station in the UK. FAB Link Limited and Réseau de Transport d’Électricité (RTE) have amended the design of the project from a capacity
Petrofac has been awarded a long-term extension for the provision of operations and maintenance services on an FPSO working off Thailand.
