5 days ago · Offshore oil and gas news, LNG, shale, exploration, operations and production

The consortium of pension fund ABP, pension investor APG and wind energy developer SSE has signed a realization agreement with transmission system operator (TSO) TenneT for the Dutch offshore grid connection of 2 GW IJmuiden Ver Alpha wind farm.The wind farm will be built over 60 kilometres off the Dutch coast as the first offshore wind farm to be connected by TenneT according to the new 2 GW ...

Jan 21, 2025 · U.S.-based subsea services and technology firm Oceaneering has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS), as it aims to enhance capabilities for offshore survey and positioning projects.The Exail Octans 9 systems will be integrated into a variety of offshore applications, including high-specification offshore field ...

Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector.ADES and Admarine 504’s current client in Saudi Arabia have mutually agreed to suspend the rig’s operation in the country, while retaining the remaining backlog value ...

1 day ago · Energy technology company Baker Hughes has launched its new all-electric subsea production system, the industry’s first fully electric topside-to-downhole solution for offshore operations. The modular system allows for existing tree designs to be seamlessly updated for electric operations, while ...

Dec 24, 2024 · 2024 has been another strong year for the offshore drilling rig market with high utilization and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups…

Feb 1, 2021 · Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed Russia's invasion of Ukraine.Exxon results included a $2.5 billion impairment charge for California ...

Mar 1, 2024 · The full-scale XolarSurf floating solar prototype unit, developed as part of a joint effort by Saipem, Moss Maritime, and Equinor, has been deployed offshore Norway where it will remain under trials for about one year.The XolarSurf prototype floater, created in collaboration with the Norwegian manufacturer Kystteknikk and other subcontractors, was lifted and launched at sea at Kystteknikk's ...

Jan 21, 2025 · Brazilian state-run energy company Petrobras, Latin America's top oil producer, ended last year with output of 2.7 million barrels of oil equivalent per day (boed), the company said in a statement on Monday, but without providing quarterly figures.Petrobras added that its 2024 oil production reached 2.2 million barrels per day.The firm said the start of operations of two new offshore platforms ...

Offshore Engineer interviewed global offshore energy expert Philip Lewis, Director of Research, Intelatus, for insights on the emerging offshore floating wind market through 2035…