Energy firms BP, Wood and Subsea 7 are among six new companies joining a coalition to improve gender diversity and inclusion across the industry.
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
Subsea 7 has clinched one-year extensions worth £117 million to the contracts for three pipelay support vessels with Brazilian operator Petrobras.
Independent Oil and Gas (IOG) will hand out the contract for a jackup rig for the first phase of its flagship Core project “in the coming weeks”.
Angolan contractor Sonamet has completed factory acceptance tests on all flowline structures for the next stage of work on the Zinia field.
Subsea 7 sank to losses of £751million in the first half of the year as it restructures the business with thousands of job cuts.
The UK boss of Aker Solutions will represent North Sea contractors as part of a reshuffle within the board of representative body Oil and Gas UK (OGUK).
Petrofac has been awarded a five-well contract for the first phase of Independent Oil and Gas’ (IOG) “Core” project in the North Sea.
Energy service firm Subsea 7 said today that it intends to lay off 3,000 workers over the next year.
Independent Oil and Gas (IOG) has awarded a “sizeable” contract to Subsea 7 for its flagship development in the UK North Sea.
Oilfield services firm Subsea 7 has reported a pre-tax loss and revenue drop for the first quarter of 2020.
Offshore engineering firm Subsea 7 has announced a multi-million pound deal for a giant wind farm project in the Dutch section of the North Sea.
Oilfield services firm Subsea 7 has announced it will carry out work for Chevron in the Gulf of Mexico.
Oilfield services firm Subsea 7 has announced a multi-million pound deal for a North Sea German offshore wind project.
Subsea 7 has warned of “significant headwinds” from the dual impact of the coronavirus and plummet in oil price.
An offshore worker trapped in Ghana has accused bosses of placing him in a “dangerous situation” and not acting quickly enough to get him home to his disabled son.
As prices have plunged, interest in short selling of oil companies has increased.
Subsea 7 has announced the award of new contracts off the coast of Australia and the US Gulf of Mexico.
Subsea 7 has sank to a loss due to ‘weaknesses’ and reduced activity in the renewables and heavy lift markets.
Some supply chain bosses may have come into 2020 hoping it would be the year when they finally get rewarded for surviving five years of low rates and cost-cutting.
Boskalis Subsea is once again aiming to boost its north-east workforce, just a year after unveiling new offices in Westhill.
On the face of it, the UK-based subsea sector appears to be faring reasonably well. This is despite lingering impacts from the 2014-17 oil and gas slump, mounting pressures from the climate change crisis and major geopolitical forces at work.
Equinor has dished out feed contracts for phase one of the Bacalhau (formerly Carcara) area in Brazil.
Growth of the offshore energy market looks set to be hampered by a looming shortage of competent construction vessel capacity.
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.