Offshore

Acquisitions & Divestitures , Subsea

PE Investors Scoop Up Offshore Services Provider Acteon Group

Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.

March 27, 2024

Exploration & Production , Drilling

Stena Evolution Upgrade Planned for Sparta Ops

The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.

March 27, 2024

Wind , Infrastructure , Policy & Regulations

US Gives Final Green Light to Sunrise Wind Offshore Project

The approval by the Bureau of Ocean Energy Management solidified Ørsted and Eversource’s commitment to the project with both taking final investment decisions.

March 26, 2024

Acquisitions & Divestitures , Service & Supply , Technology

ChampionX to Acquire RMSpumptools, Expanding International Reach

ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.

March 25, 2024

Lease Sales , Wind

US Proposes Second GoM Wind Lease Auction

Combined, the four proposed areas for offshore wind have the potential to power about 1.2 million homes if developed, according to the Interior Department.

March 20, 2024

Discoveries

CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea

CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.

March 18, 2024

Discoveries , Deepwater

Orange Basin Serves Up More Light Oil

Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.

March 15, 2024

Wind , Joint Ventures

SBM Offshore, Technip Enter Floating Offshore Wind JV

EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind.

March 14, 2024

Wind , Markets

First US Utility-scale Offshore Wind Farm Starts Operations

The 12-turbine, 130-megawatt South Fork Wind project is a joint venture between Denmark's Orsted and New England-based electric utility Eversource.
 

March 14, 2024

Technology , Deepwater

Forum Energy Signs MOU to Develop Electric ROV Thrusters

The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.

March 13, 2024