Malaysia’s oil and gas services firm Velesto and ICON Engineering have signed an agreement to deliver Rig-Installed Wellhead Platforms (RIWHPs) for offshore oil and gas developments in Malaysia.The agreement brings together Velesto’s track record in safe and efficient jack-up operations with ICON’s global leadership in engineering and installing RIWHPs.By integrating drilling and platform installation within a single offshore campaign…
“Seeing” under the world’s waterways is a perpetual challenge, seeing what’s under the seabed surface and even bigger challenge. Seequent, the Bentley Subsurface Company, helps organisations understand what’s happening underground and under the seabed…
Egyptian President Abdel Fattah el-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday.Eni, which is the operator of Egypt's offshore gas field Zohr…
Italian offshore services provider Next Geosolutions (NextGeo) has secured a new contract worth around $9.8 million by Saipem for offshore survey and installation support activities under the Bouri Gas Utilization Project (BGUP) in North Africa…
Seequent’s digital subsurface modelling helps mitigate risks—from site selection to operations. Working underneath the world’s waters is a challenge in and of itself, a challenge exacerbated if an operator does not have a clear picture of the…
Taiwan's bid to propel its billowing offshore wind power market will entail huge government support for prospective suppliers to achieve capacity goals as projects move to deep, technically challenging waters, industry officials and analysts said…
Brent oil futures are hovering around $66–67 per barrel with mixed geopolitical signals, while West Texas Intermediate (WTI) has weakened relatively more.The US-China tariff truce extension by 90 days reduced bearish sentiment, while the uncertainty…
The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned OPEC nation and swap oil, five sources close to the matter said on Thursday…
Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday.Prio forecasts production to exceed 200,000 barrels per day (bpd) next year…
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…
Trendsetter Vulcan Offshore (TVO) appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth.“As more demand arises for TVO services in Australia and Southeast Asia, we are investing to make…
BW Energy and its partners have completed production drilling campaign at Dussafu Marin Permit offshore Gabon, bringing the oil production at the development to the highest quarterly rate since the start-up in 2018.Dussafu Marin Permit, operated by BW Energy with 73…
CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…
East Timor has talked with Chinese firms including state-owned Sinopec about developing the stalled Greater Sunrise gas field, President Jose Ramos-Horta said on Wednesday, after disagreements with Australia over the shared field's future.The field…
India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.'We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity…
