Offshore ///

DeepOcean, Solstad Offshore and Østensjø team up in remote operations venture

Solstad Offshore, DeepOcean Group and Østensjø Group have joined forces to fast-track the adoption of remotely managed services to drive down operating costs and emissions for the marine and offshore industries.

Offshore Energies UK ‘strongly endorses’ NSTA’s carbon storage licensing round

In a move strongly endorsed by Offshore Energies UK it has launched the UK’s first-ever carbon storage licensing round, offering 13 areas of the seabed as potential sites for permanently storing millions of tons of CO2.

North Sea Transition Authority opens UK’s first carbon storage licensing round

The NSTA has launched this carbon storage licensing round in response to unprecedented levels of interest from companies eager to enter the market.

Dunlin Alpha topsides removed in significant milestone for decommissioning process

Fairfield Energy announced the end of an era with the removal of the topsides from Dunlin Alpha. This is the latest milestone in the decommissioning of the four fields which make up the Greater Dunlin Area.

Inmarsat Fleet Hotspot addresses needs of crew and shipowners as seafarer connectivity becomes a requirement

As a leader in global, mobile, satellite communications, Inmarsat is a strong proponent for the well-being of crew, and its Fleet Hotspot solution is helping ship owners address the requirements to ensure that crew remain socially connected while at sea.

BP sells Canadian oil sands stake to Cenvous, buys Bay du Nord project share

BP sold out of Canada’s oil sands, divesting its stake in the Sunrise project to Cenovus Energy Inc. while acquiring offshore exploration from the same company in the east of the country.

TotalEnergies wins stake in Qatar’s multibillion-dollar gas expansion project

TotalEnergies SE became the first foreign company to win a stake in a multibillion-dollar project to boost Qatar’s gas exports.

UK begins pivot from renewables with refocus on domestic oil, gas investments

The U.K. government got together with Shell Plc in London this week to talk up North Sea oil and gas, the latest sign of the country’s pivot back toward domestic fossil fuels since Russia’s invasion of Ukraine.

North and Standard Club members approve creation of marine insurance major NorthStandard

The merger will create one of the largest providers of mutual cover in the maritime industries with consolidated annual premiums of around $750 million.

Opinion: Perenco’s new stake in the Etinde field offshore Cameroon is a boost for gas monetization

Oil and gas company Perenco has struck a deal with exploration company, New Age, to buy its participating interests in the Etinde conventional gas development located offshore Cameroon.

FET delivers two additional work-class ROVs to Oceanica in Brazil

Forum Energy Technologies (FET) has delivered two work-class ROV sales to Brazilian marine engineering company Oceanica Engenharia e Consultoria Limitada to support its deepwater intervention operations and strengthen its offering to the energy sector.

TDI-Brooks completes six geotechnical programs in the Gulf of Mexico

TDI-Brooks has completed six geotechnical coring programs in the Gulf of Mexico for numerous operators from its research vessel the RV Gyre, the company announced on Monday.

Business groups urge Biden administration to support domestic energy production, offshore leasing program

The American Petroleum Institute, joined with more than 80 trade groups representing a diverse cross section of industries, have called on the Biden administration to act on policies that support U.S. energy security and increase domestic production of natural gas and oil.

Shell to develop Crux natural gas field offshore Western Australia

Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia.

Shell to develop UK Jackdaw gas field following official approval

Shell Plc won official consent to develop the Jackdaw natural gas field in the UK’s North Sea, eight months after the country’s regulator blocked the project on environmental concerns.

Africa boosts upstream activities to amplify oil and gas production

African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines.

UK windfall tax hits North Sea-focused oil firm valuations

Oil and gas exploration and production companies in the North Sea are set to miss out on billions of dollars of cash after the UK implemented a windfall tax on energy firms to tackle the rising cost of living.

UAE’s Mubadala Petroleum producing 500,000 barrels of oil equivalent a day

This achievement further establishes the company as a strategic player in the international energy sector and marks a 22% increase in production from 2021.

Tullow Oil to buy Capricorn to create $1.9 billion company

Tullow Oil Plc agreed to acquire Capricorn Energy Plc in an all-share deal combining resources in Africa and opening up opportunities for expansion across the continent.

CSA Ocean Sciences concludes environmental assessment offshore Suriname

CSA Ocean Sciences Inc. announced the conclusion of an Environmental Assessment Program for a major offshore energy operator in Block 58, a 5,841 km2 area approximately 115 km (71 mi) offshore north Suriname in South America.

Petrofac awarded three-year wells contract by i3

Petrofac, a global energy industry services provider, has been selected by i3 Energy to provide well engineering, well operations and well operator services for its UK North Sea license areas.

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