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Lundin Energy Chief Schneiter: Output Trending Upward at Sverdrup
Norway's Johan Sverdrup oilfield, the largest in western Europe, is ramping up production in the fourth quarter after the government increased its production permit, Lundin Energy, a partner in the field, said on Friday.Equinor-operated Sverdrup increased its production capacity to 470,000 barrels of oil equivalent per day (boed) in March from an o
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GIEK Doubling Down on Offshore Wind
Tasked to provide the financial power to help Norwegian companies export their wares to the world, Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK) pulls no punches when asked about the appetite for investment in traditional offshore oil and gas today: “The money has disappeared…
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Chevron Posts Q3 Profit
Chevron on Friday reported an adjusted third-quarter profit as oil prices recovered from spring lows and spending cuts benefited operating results.Chevron and its peers have slashed spending budgets this year on plummeting demand and crude oil prices that remain about 40% below where they began the year.
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Autonomous Offshore Power Trials Get Underway off Hawaii
With the advent of autonomy on and under the water, part of the value proposition is the ability to stay at sea, on station, to exponentially increase efficiencies. Have the ability to repower at sea is central to this effort, as an increasing number of companies work to solve the…
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Virtual Conference to Focus on Transatlantic Marine Renewables
Marine industry experts from Portugal and Canada are staging a special Blue Economy conference to spark transatlantic business growth. WavEC Offshore Renewables is teaming up with the Embassy of Canada to Portugal to host ‘Advancing the Blue Economy through Intercontinental Collaboration’.
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World's Largest Wealth Fund Cites Paucity of Good Green Energy Deals
While societal, political and corporate pressure continue to push innovation on renewable energy, the world's largest wealth…
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New Lidar Tech Approved for Use by SGRE for Wind Turbine Testing
Siemens Gamesa recently tested a new technology together with ZX Lidars, and based on the results both on the medium range…
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Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry
As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in…
Latest news
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Robotics: Autobots Transform in the Offshore Energy Sector
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self…
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Silva Tapped to Lead Corpower Ocean Portuguese Ops
CorPower Ocean, designer of wave energy systems, appointed Miguel Silva as head of its Portuguese operation.The news comes…
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Equinor's Incoming CEO Wants to Be Best in Offshore Oil, Gas
Anders Opedal, who on Monday was named Equinor's new chief executive, said he wanted the Norwegian oil company to be both…
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$10.5m Funding for CorPower Wave Energy Tech
CorPower Ocean announced the award of $10.5m in new funding for it’s wave energy tech innovation, a funding round led by Midroc New Technology…
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Webinar: Floating Production Forecasts & Analysis
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering…
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Webinar: Floating Production Forecasts & Analysis
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering…
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Coronavirus Outbreaks Hit Petrobras' Quarterly Output
Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday…
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Japan to Develop Offshore Wind Farms at 30 Sites in 10 years
Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade…
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Safety Product: Magnetic Fall Protection System
Rotterdam-based McNetiq launched a new line of magnetic anchors for fall protection when working at height.The first product…
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Angola Resisting Pressure to Taper Oil Output
Angola is resisting pressure by OPEC's de-facto leader Saudi Arabia for a steeper oil output cut to comply fully with record supply curbs…
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Japan's JERA, France's ADEME, Ideol in Floating Wind Pact
Japanese power generator JERA said on Monday it has agreed with France's state-owned investment firm ADEME Investissement…
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Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility
Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung…
Exploration
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Trump Administration Rushing to Sell Arctic Oil Leases
The Trump administration on Monday issued a request to energy companies to identify what specific land areas in the Arctic…
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OTC 2021 Postponed
One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year…
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CorPower Moves Foward with its Plan to Generate Energy from Waves
CorPower Ocean is set to move forward fast on its wave energy project in the Atlantic Ocean after securing a 10-year license…
Drilling
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Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech
Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery…
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VIDEO: SkillGrader Takes Officer, Crew Skills Assessment to the Next Level
Marine Learning Systems introduces SkillGrader, a mobile application designed to enable vessel operators and training institutions…
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Tech Files: Offshore Power Products
Insights on innovative power products upgrades that could be used to keep offshore operations moving along effectively, efficiently.Maersk…
Production
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Oil Rises on Vaccine Hope, Weak Dollar
Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles…
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Fortescue Assessing Green Ammonia Plant in Australia's Tasmania
Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania…
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Exxon Committed to Singapore Refinery Expansion
Exxon Mobil Corp said on Thursday it remained committed to expanding its refining-petrochemical complex in Singapore amid…
