A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
Northern Drilling has raised $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME).
Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit
Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.
UK-headquartered supplier of downhole sealing solutions and technology BiSN has secured a contract with what it describes is a “major oil and gas operator” to deploy its alloy barrier technology in the North Sea. Under the three-year contract, which features two one-year extensions, BiSN will provid
Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.
Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.
Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.
Canada’s oil and gas player Trillion Energy has kicked off its 3D seismic reprocessing project for a natural gas field in the Black Sea offshore Türkiye
With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.
Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi
