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.
Extraordinary times call for extraordinary solutions. In response to the travel constraints in Europe, BGS Group, the organizer of PRC Europe 2020, has announced the launch of a new virtual platform - BGS online.
French engineering firm TechnipFMC has been awarded a North Sea contract for the Seagull development by joint venture (JV) partners Neptune Energy and BP.
Aberdeen-headquartered firm Rever Offshore has announced the appointment of Bob Bryce as operations director as it restructures.
Hundreds of workers who are part of North Sea diving crews have rejected a revised pay deal made on behalf of six employers.
Offshore oil production is showing signs of a turnaround as crude prices rise and operations become more efficient, giving energy compaies in Houston and elsewhere the confidence to resume deepwater projects stalled during the oil bust.
Investment in new technology development by the Oil and Gas Innovation Centre (OGIC) has hit £3.8 million after the Aberdeen-based facility signed its 75th project.
The Middle East oil and gas arm of Craig International has announced Steve Gibson as country manager for the region.
Oilfield service giant TechnipFMC has agreed to buy a 51% stake in Norwegian firm Island Offshore’s subsea subsidiary.
A new well foundation technology could provide reduced well costs, safety improvements and reduce the overall environmental impact to the UK Continental Shelf (UKCS).
Newly merged Technip FMC has revealed the first vessel to be emblazoned with its combined logo.
Gas exploration and production (E&P) firm VNG has awarded Front End Engineering and Design (FEED) contracts to Subsea 7, Technip FMC, and Aker Solutions