HOUSTON — Schlumberger announced an award to OneSubsea® and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, LLC, for an engineering, procurement, construction and installation (EPCI) contract for the Odd Job field in the Gulf of Mexico. Through the EPCI contract, OneSubsea, the subsea te...
Saitec Offshore Technologies and RWE achieved another milestone in the DemoSATH project with the successful completion of the launching operation of the floating unit. The project moves forward at a fast pace for its installation later this summer. During the next months the submarine dynamic cable will be deployed at the installation site and t...
(Bloomberg) — The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd. Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample spac...
(Bloomberg) — The U.S. said Mexico’s nationalist energy policies violate North America’s free-trade deal and has requested dispute-settlement talks under the agreement. Mexico’s moves to prioritize energy from its state utility over private renewables companies, as well as denials and revocations of U.S. firms’ abilities to operat...
(Bloomberg) — Canada’s export credit agency is targeting a 15% cut to its financing portfolio for upstream oil and gas production by 2030. The target will include a 3% shift -- against a 2020 baseline -- in the composition of production to gas from oil, recognizing that the former may play a role in supporting energy demand during the transi...
(Bloomberg) — President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled meeting of producers next month, people familiar with the matter said. Biden, who came to office vowing to turn the world’s biggest oil exporter into a “pariah” over the 2018 killing of Washington Post...
Half-year data points for the offshore market released by Clarksons Research, profiling improving activity, utilization and day rates across the offshore oil and gas market, show the overall index is up 17%. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research, commented: Overall Index up 17% in 1...
Well construction expert DeltaTek Global announced its QuikCure® technology has received a U.S patent, confirming the unique attributes and technical make-up of the company’s rapid cement hydration offering. Already widely used globally, this new U.S. patent recognizes the novelty and innovation of QuikCure, which allows operators in deepwate...
Commenting on the news that Stuart Payne has been appointed as chief executive of the North Sea Transition Authority, Deirdre Michie, OEUK’s CEO, said: “We warmly welcome the news that Stuart Payne has been appointed to lead the North Sea Transition Authority at what continues to be a crucial and challenging period for the industry. “We...
The Global Underwater Hub (GUH) says floating offshore wind represents the greatest opportunity for the £8 billion ($9.5 billion) subsea industry in the UK this generation and must not be missed. The new strategic, intelligence-led organization, set up to transform the UK’s underwater industry into one of the largest and fastest-growing indus...