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Tag: Offshore

Equinor Makes Gas, Condensate Discovery In Norwegian Sea

Oil & Gas
Equinor said Jan. 16 the Ragnfrid North (6406/2-9 S) exploration well discovered gas and condensate in the Norwegian Sea.

Potential Of AI-powered Directional Drilling

Oil & Gas
Directional drilling is a challenging task even during the best of conditions, with many aspects described as more art than science

Despite Shutdown, BOEM Resumes Work on Offshore Drilling Plan

Oil & Gas
The Bureau of Ocean Energy Management (BOEM), the permitting agency for offshore development in federal waters

MDL, TechnipFMC conclude four projects in the North Sea

Oil & Gas
 Maritime Developments Ltd. (MDL) has completed a four-project campaign with TechnipFMC in the North Sea.

Barclays Rejects Arctic Drilling

Oil & Gas
U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bank’s financing

Norway grants record number of 83 offshore licenses

Oil & Gas
Norway granted 83 blocks to explore for petroleum resources in the Norwegian continental shelf.

Subsea 7 acquires multi-purpose offshore construction and dive support vessel

Subsea Technology
Subsea 7 has finalised the acquisition of Toisa Pegasus, a multi-purpose offshore construction and dive support vessel.

Offshore wind market to reach $50 bln by 2023

Wind Energy
The global offshore wind energy market is expected to develop over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023

BP, Eni Team Up In Pursuit Of Exploration Opportunity In Oman

Oil & Gas
BP and Eni have signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly toward a

Russia gradually cuts oil output in line with OPEC+ deal

Oil & Gas
Russia is slowly decreasing its oil production following the v+ deal and is on track to reach approximately the fifth of the way towards its pledged cut on January

Norway audits Maersk Drilling’s procedures

Oil & Gas
The Petroleum Safety Authority Norway (PSA) and the Norwegian Labour Inspection Authority have audited Maersk Drilling

Oil and Gas in 2019 – A time of Transition

Oil & Gas
During 2018, volatility marked the global oil and gas sector.
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