Baker Hughes’ weekly rig count report has revealed that the number of offshore rigs in the U.S. slipped down one unit last week.
Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, gr
The Republic of Korea has pledged to provide official development assistance for marine energy programs in the Pacific Ocean, including the support for ocean thermal energy conversion (OTEC) scheme in Marshall Islands.
Shell has brought on stream a deepwater project in the U.S. Gulf of Mexico, which has estimated recoverable resources of around 290 mboe.
Prysmian has kicked off the construction of its new cable-laying vessel with a steel-cutting ceremony at VARD’s shipyard in Romania. The construction of the sister vessel to cable-layer Leonardo da Vinci began on 16 February at Vard Tulcea in Romania. “Prysmian Group had the honor of hitting the but
Transocean has posted a short video, featuring the rig crew from the world’s first eighth-generation drillship, which is working in the Gulf of Mexico.
OEG Offshore has made a multi-million investment in SEAJET Systems, the developer of a trailblazing electric subsea excavation solution that is said to reduce CO2 footprint by 40 per cent. OEG Offshore said that the commitment to SEAJET is a further development in its move into the clean-tech sector
Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.
Norwegian state-owned energy giant Equinor has awarded TechnipFMC with contracts for the delivery of subsea production systems for two of its development projects located in the Norwegian Sea. The contracts, awarded under a framework agreement with Equinor, will see TechnipFMC supply and install sub
In a bid to reduce its carbon footprint and improve energy efficiency, Diamond Offshore, has teamed up with Norway’s Stepwise.
The U.S. Energy Information Administration (EIA) has lowered the U.S. natural gas price forecast for this year.
Carnival Corporation’s Costa Group and Proman, a top methanol producer, have signed a Memorandum of Understanding (MoU) to advance the use of methanol as a marine fuel for the cruise industry. The partnership aims to accelerate the energy transition and decarbonization of the existing fleet by impro
France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian Sea.
