South Korean shipbuilder Samsung Heavy Industries (SHI) and classification society DNV have inked a Memorandum of Understanding (MOU) committing to establish a remote operation center (ROC) for real-time monitoring and control of maritime autonomous surface ships (MASS).
Following the start of production from an oilfield located in the South China Sea, Chinese oil and gas giant CNOOC Limited has kicked off production from another development, this time in the Bohai Sea. CNOOC Limited announced on October 27 that the Penglai 19-3 Oilfield Area 5/10 development projec
Japanese shipowner Mitsui O.S.K. Lines (MOL) and compatriot company Cosmo Oil have joined forces by signing a Memorandum of Understanding (MoU) to study ocean transport, with the goal of establishing a carbon dioxide capture and storage (CCS) value chain.
Allseas has inaugurated its new barge for shallow water offshore construction activities in Singapore, following upgrading activities. Sandpiper is a flat-bottom, anchored barge that Allseas purchased last year and upgraded in 2022/23 for pipelaying activities. The barge is equipped with a ten-point
ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will
Texas-based oil and gas services company Trendsetter Engineering has completed the delivery of subsea equipment for Woodside Energy’s field in the Gulf of Mexico, recently brought on stream. Under the contract secured in 2021, the Houston-headquartered company delivered two subsea manifolds, two hig
Norwegian oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea. According to the Norwegian Petroleum Directorate (NPD), between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea
The Government of Finland has pledged funding worth €150,000 to the IMO-GreenVoyage2050 project which supports developing countries in their efforts to reduce Greenhouse Gas (GHG) emissions from ships and in ports.
Italy’s Rosetti Marino has secured an engineering, procurement and construction (EPC) contract, said to be worth more than €300 million, with compatriot Saipem for work offshore Libya. Under the contract, Rosetti Marino is in charge of the construction of a gas recovery module (GRM) of approximately
Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte
Chinese oil and gas giant CNOOC Limited has commenced production from an oilfield development located in the South China Sea. CNOOC reported on October 25 that the Enping 18-6 oilfield development project had commenced production. The project is located in the Pearl River Mouth Basin of the South Ch
Aker BP and ConocoPhillips Skandinavia have commenced production from the Kobra East & Gekko (KEG) oil and gas fields located on the Norwegian shelf a couple of months earlier than estimated. When submitting the plan for development and operation (PDO) for KEG to the Norwegian Ministry of Petroleum
The carbon capture and storage (CCS) business has been facing strong headwinds on its journey to becoming a feasible lever for hard-to-abate sectors to decarbonize. The role of carbon capture is increasingly gaining prominence as governments come to realize that renewable energy alone cannot provide
Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8
