After years of talk about the declining role of oil in the global economy, and of OPEC’s demise, the COVID-19 pandemic has placed Middle East producers at the heart of the drive to prevent the health crisis becoming a global economic catastrophe, says GlobalData, a leading data and analytics company.

Okeanus Science & Technology, LLC (Okeanus), an established provider of marine oceanographic engineered equipment, has delivered one of its 3,000m, all-electric umbilical winches to SEAMOR Marine to be used with one of SEAMOR’s Chinook ROV systems.

Partnership aims to ensure global, 24/7 maritime service and sustainability

Equinor, Shell and Total have decided to invest in the Northern Lights project in Norway's first exploitation license for CO₂ storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.

Commercial and industrial demand for natural gas is declining as most countries around the world impose lockdowns to limit the spread of the Covid-19 pandemic. Rystad Energy estimates global natural gas demand to fall by almost 2% this year as a result of the lower activity.

ODE Asset Management Ltd (ODE) confirms that it has secured a contract from NEO Energy (NEO) for the Babbage Field in the Southern North Sea.

Total SA’s (Total) robust upstream business tops the European majors’ peer group when assessed against the impact of COVID-19 and the current oil price volatility, says GlobalData, a leading data and analytics company.  

Swedish floating windfarm developer Hexicon AB announced it has agreed to join forces with the leading South African wind developer Genesis Eco-Energy Developments in order to explore the development of offshore wind. The development program will be driven via a joint venture company in South Africa that will be named GenesisHexicon (Pty) Ltd.

The winds of change have never been stronger, especially when it comes to meeting the world’s needs for clean, renewable energy. Siemens Gamesa’s new SG 14-222 DD offshore Direct Drive wind turbine now sees the light of day as a part of the solution.

Aquaterra Energy, a leader in global offshore engineering solutions, has been awarded the FEED (Front End Engineering and Design) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the west coast of Trinidad and Tobago.

In support of President Donald Trump’s America-First Offshore Energy Strategy, the Department of the Interior (Department) and the Bureau of Ocean Energy Management (BOEM) today announced a final rule to update air quality regulations for applicable BOEM activities in the Central and Western Gulf of Mexico and off the coast of Alaska’s North Slope Borough.

Leading European electricity transmission system operator TenneT has awarded a three-year, plus extension, Unexploded Ordnance (UXO) framework agreement to UK company, Ordtek Limited.

CSA Ocean Sciences Inc. (CSA), a marine environmental consulting firm, has been awarded a contract from the Bureau of Safety and Environmental Enforcement (BSEE), on the behalf of the Bureau of Ocean Energy Management (BOEM), to review existing survey data to identify and describe potential hard-bottom areas in shallow, federal waters of the Gulf of Mexico.

McDermott International, Inc. has been awarded a sizeable* contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.

Siemens Gamesa Renewable Energy plans to expand its nacelle assembly facility in Taichung to form a regional offshore wind nacelle industrial hub together with Taiwan-based suppliers. The first project to be supported by the broader manufacturing plant will be the 300 MW Hai Long 2 project.

Equinor will report its business in the US as a separate operating segment within Exploration and Production International going forward. With this Equinor will provide the same financial information for our business in the US as for the reporting segments.