One year after the field came on stream digital solutions are key to maintaining high safety standards and value creation in all parts of the operations at Johan Sverdrup. This has increased earnings by more than NOK two billion.

The global energy market is on the brink of a major transition to cleaner sources of energy.

In support of President Trump’s Executive Order 13795, Implementing an America-First Offshore Energy Strategy, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) and Bureau of Safety and Environmental Enforcement (BSEE) have announced proposed changes to clarify, streamline and provide greater transparency to financial assurance requirements (e.g. bonding) for the offshore oil and gas industry, while protecting  American taxpayers against high-risk decommissioning liabilities.

It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers.

Two leading energy industry entrepreneurs have launched a family investment company which will support fledgling technology enterprises with development capital and decades of experience gained building international businesses.

Mermaid Maritime Public Company Limited (the “Company”) announces that it shall be establishing an indirect majority owned subsidiary, Mermaid-MOE JV Co., Ltd. (“MMJV”), in Thailand.

Mermaid and ARV announces a newly formed partnership to develop robotics and artificial intelligence technology to provide commercial subsea engineering services to oil and gas companies, and renewable energy corporates operating in offshore businesses, both in Asia and other regions.

DOF Deepwater AS (“DOF Deepwater”), which is jointly controlled by Akastor and DOF ASA (“DOF”) and which has been part of Akastor’s legacy portfolio since the demerger from Aker Solutions in 2014, has entered into a term sheet with its lenders on a restructuring of its debt that secures continued operations up to second half of 2023.

Crude Oil:

Siemens Gamesa’s massive 14-megawatt (MW) wind turbine is set to become commercially available from the mid-2020s, furthering the industry’s push for larger and more efficient facilities.

Platforms may be similar in characteristics and configuration, but the cost of decommissioning them can differ significantly depending on location, climate and regulations. The recent oil price slump has boosted interest in decommissioning, and Rystad Energy has therefore developed a decommissioning cost estimating tool to help E&Ps and service firms prepare for the coming decommissioning wave.

A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, a leading data and analytics company. 

The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26% this year, with the size of total installations forecasted to reach 2,150 kilometers (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter than that of 2016, and recovery is likely to be swift, led by projects in the Middle East.

The South American oil and gas pipelines sector has been impacted by weak demand and low oil and gas prices as a result of COVID-19.

Reuters Events - has announced the second episode in a new three-part broadcast on Energy Transition. The future energy system will mark a radical overhaul of the energy business ecosystem, with traditional industry diving lines set to be blurred. Speed and timing will be crucial for those looking to stay on the right side of the transition.

The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A ordinary shares (“common stock”) of Valaris plc (the “Company”) — ticker symbol VAL — from the NYSE.