U.S.-headquartered energy services provider Expro has won a contract to supply tubular running services (TRS) for the first offshore carbon capture and storage (CCS) project in the Netherlands. The contract covers the recompletion and conversion of legacy offshore gas production wells into CO2 injec
Norway’s oil and gas player Vår Energi has made an oil discovery in an exploration well near a field it operates in the Barents Sea.
Japanese giant MODEC has entered into a front-end engineering and design (FEED) contract with engineering company SAMSUNG E&A for a pilot project to install a modular carbon capture technology developed by U.K.’s Carbon Clean on MODEC’s floating, production, storage, and offloading (FPSO) unit.
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured work for its vessels that has a gross contract value of $21 million for the firm period, with an additional $27.7 million for the option period. GEOS has concluded a contract on the multi-purpose support vessel (M
The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonization into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality
U.K.-headquartered energy giant BP has introduced what it calls a “fundamentally reset” strategy focusing on more investments in the oil and gas sector and limiting those related to energy transition.
Sapura Drilling, the drilling arm of Malaysian oil & gas services provider Sapura Energy, has secured multiple contracts that have a combined value of approximately $720 million. Sapura Drilling secured two contracts with PTTEP Energy Development Limited for the provision of its tender assist drilli
Navantia UK has secured a contract with McDermott for the delivery of subsea structures that will be manufactured at the Arnish facility it recently acquired as part of the purchase of Harland & Wolff. Navantia UK completed the acquisition of the British shipbuilder Harland & Wolff and its operation
South Korea’s Samsung Heavy Industries (SHI) has held the launching ceremony for a floating liquefied natural gas (FLNG) production facility it is building for Malaysia’s Petronas.
Brazilian state-owned oil and gas giant Petrobras has achieved a record oil production per day at its field located in the pre-salt Santos Basin offshore Brazil.
U.S.-based energy giant Chevron has introduced senior leadership changes to simplify its organizational structure.
A 370-meter-long floating storage, production, and offloading (FPSO) unit constructed by Japanese giant MODEC has arrived at its final destination in the Santos Basin offshore Brazil where it will operate at Equinor’s field. The Bacalhau FPSO arrived at its destination in the Santos Basin on Friday,
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, and partners have held a steel-cutting ceremony for a floating storage and offloading (FSO) unit destined for an oil field offshore Vietnam.
As a response to a number of recent subsea cable incidents that caused disruptions in the EU, the European Commission and the High Representative have launched an action plan to strengthen the security and resilience of this critical infrastructure, covering both power and communication cables. The
