VIDEO: Subsea UK and the Creation of the “Global Underwater Hub”

Subsea UK is embarking on a new adventure as The Global Underwater Hub, a new organization with already nearly $18 million in funding. ‘The Hub’ aims to leverage the UK’s strong maritime heritage, as well as its underwater expertise that … Read More

ICR Targets Guyanese Offshore Market. Partners with Panthera

July 28, 2021 Credit: ICR ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in … Read More

Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Malaysia’s Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros). Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2,015 square kilometers in size and in … Read More

Santos: First Well of Bayu Undan Infill Drilling Program Beats Output Forecast

Just a few days after it said a new well at its Van Gogh offshore oil field in Australia had achieved a production record, Australian oil and gas firm Santos is back with more positive news when it comes to … Read More

DOF Subsea Orders Two Work-class ROVs from Forum Energy Technologies

July 28, 2021 Credit: FET / Image Cropped Norwegian offshore vessel operator DOF Subsea has ordered two 200HP Perry XLX-C work-class remotely operated vehicles (ROVs) from Forum Energy Technologies (FET). Forum Energy Technologies will build the ROVs at its UK … Read More

Wellesley, Equinor Swap Offshore Assets in Norway

July 27, 2021 Credit: momius/AdobeStock Stavanger-based oil firm Wellesley Petroleum on Monday said it would swap certain oil and gas assets offshore Norway with the Norwegian energy giant Equinor.  Equinor will take a 40% participating interest in licenses PL090 JS, … Read More

Wintershall Dea: Europe Needs More Gas from All Sources

Vera Eckert July 27, 2021 One of Wintershall DEA’s gas platforms/Credit: Wintershall Dea Oil and gas producer Wintershall Dea, which has a 70% gas portfolio, on Tuesday said Europe needed multi-sourced gas to support decarbonization away from coal and to … Read More

First Subsea Bags Offshore Wind Deals with Gov’t Support

UK Export Finance (UKEF), the UK’s export credit agency and a government department, said Tuesday it had helped Scottish firm First Subsea land multi-million-pound export opportunities with offshore wind farms overseas.  “First Subsea Ltd, a designer and manufacturer of Cable … Read More

FPSO Giant SBM Offshore Wins Seabed Rights for UK Floating Wind Project

SBM Offshore, one of the world’s largest FPSO leasing firms in the oil and gas sector, has, via a joint venture, moved a step closer towards securing rights for a floating wind farm project in the Celtic Sea, off the … Read More

Higher Oil Prices, Lower Spending Boost Wintershall Dea’s 2Q Result

Vera Eckert July 27, 2021 File photo: Wintershall Dea Wintershall Dea posted strong second-quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday. The company, owned jointly by BASF and Russia’s … Read More