Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)…
Subsea engineering, construction and services company, Subsea 7 has added yet one more feather in its Africa offshore cap after winning an engineering studies contract with a possibility of extending it to engineering, procurement, construction…
Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing…
Finalists for the Offshore Achievement Awards 2019 have been revealed last week.The annual awards, which are hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, give recognition to the best talent, performance and innovation in the offshore energy industry…
Technology and training organization 3T Energy Group has acquired Aberdeen-based Survivex, an offshore oil and gas training specialist.Global technology and training organisation said in a press release that it has become the UK’s largest energy sector training provider after acquiring Survivex…
Building on maritime and offshore expertise gained through decades of experience serving the ocean industries from Norway, newly formed Global Ocean Technology Group is gathering key marine and energy technologies and services in a company with global ambitions…
The floating production systems (FPS) has seen a return to activity in 2017, says analysts Westwood Global Energy Group. The firm says that in 2016 no FPS units were ordered. With two months of the year remaining, 11 units have been ordered this year…
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil fuel will still provide more than 40% Peak of the world energy demand…
Production is increasing in the UK North Sea as investments made up to 2014 come onstream. But what’s next? Elaine Maslin takes a look. The Culzean development jacket was installed in July…
Statoil and partner Husky Energy have failed to discover hydrocarbons in the Flemish Pass Basin, offshore Newfoundland, the Norwegian giant announced today (10 July). The West Aquarius. Image from Seadrill…
Westwood Global Energy Group’s Marina Ivanova sheds light on the global offshore wind market. Source: Westwood Global Energy Group. Westwood Global Energy Group (Douglas Westwood)…
Westwood Global Energy Group (WGEG) predicts to see stagnation in terms of dollar demand through to early next decade before signs of a recovery emerge. This is due primarily to the marked oversupply of equipment. Most critically, the newbuild offshore rig market (comprising jackups…
In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results. The…
Dounreay Trì has been granted planning consent for the installation of a floating windfarm 9km off the Northern Coast of Scotland by the Scottish government. The decision means that the facility will achieve the necessary Renewables Obligation…
Dounreay Trì has awarded a construction contract for a floating wind farm off the northern coast of Scotland to Scottish energy sector service company, Global Energy Group. The twin turbine project which is subject to receiving planning consent…
