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Van Oord and Saare Wind Energy have agreed to combine their forces and mutually develop the Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometers, south-west of the Estonian island Saaremaa.

Eni signed a new lon- term contract for the purchase of 1,5 million tonnes of liquefied natural gas with Nigeria LNG Limited (NLNG), a joint venture between NNPC, Shell, Total and Eni (with Eni having a participating interest of 10.4%).

  • Achieved first oil in Guyana, ahead of schedule; resource estimate increases to over 8 billion barrels
  • Grew fourth quarter liquids production by 4 percent over the prior year, driven by Permian Basin
  • Generated $29.7 billion of cash flow from operating activities in 2019; $6.4 billion in fourth quarter

Technology Systems Corporation (TSC), has released details of two marine industry networking events that the ocean marketing and media agency recently hosted. The year kicked off with the Blue Innovation Symposium in Newport RI from 14 – 15 January, while Subsea Cables: A Critical Connection was a one-day event in Houston, TX on January 23.

On behalf of its client Van Oord, subsea technology company Seatools completed the delivery of a CT umbilical winch. The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year.

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, an increase of ten cents ($0.10) per share or 8.4 percent. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020.

As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties that currently exist between the UK and the EU, says GlobalData, a leading data and analytics company.

The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic region. Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData, a leading data and analytics company.

RH Marine has developed a special dynamic positioning (DP) system for plough boats that equalize the seabed after dredging. RH Marine also participated in a study for a faster offshore installation of monopiles for wind turbines by dynamically positioned ships.

Subsea 7 S.A. announces the award to Subsea Integration Alliance(1) of an exclusive contract by Equinor for the Front End Engineering Design (FEED) study on its Bacalhau (formerly Carcará) project, offshore Brazil. The Bacalhau field is located 185 km from the coast of the State of São Paulo, in water depths of 2050 meters.

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