Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.
Swedish company Minesto has signed two collaboration agreements to explore the development of tidal energy projects in in Nusa Tengara Barat region in Indonesia.
Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he
A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.
Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new composites facility at Montrose Port that will produce composite structures for subsea and offshore renewable energy sectors.
The deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, says Wood Mackenzie.
Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.
Total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022.
Seadrill has secured a contract extension for one of its drillships, which will continue to carry out operations in the U.S. Gulf of Mexico
“We must do everything in Europe to become independent from fossil imports as soon as possible. We must accelerate the transition to a sustainable and climate-neutral energy supply”, says Manon van Beek, CEO of TenneT. During the conference session ‘The Executive Outlook’ industry leaders each take
Can developers, offshore construction companies, and shipbuilders map a road for the offshore wind sector to reach massive capacity targets while avoiding bottlenecks due to vessel shortages and port over-capacitation? But also, are some of these challenges in the industry providing opportunities fo
In this market update, two professionals from Offshore Energy’s supporting and endorsing partners will share their views on the current state of affairs, outlooks for the upcoming years and share opportunities in several regions and markets in the maritime, offshore and energy sector. Jan Vos is the
Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i
Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.
