Chevron Corporation announces a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities in the Gulf of Mexico.
Fugro’s site investigation will be used to inform the detailed design of the new artificial island, which will cover approximately 275 hectares and increase the Danish capital’s land mass by around 2 %. Fugro’s solution will acquire high-quality geotechnical data in shallow water depths from a single jack-up, and ensure fast and efficient data delivery via Fugro’s newly developed Gaia solution.
Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 trillion cubic feet of natural gas reserves, though this has yet to be proven. An initial exploration well is expected to be drilled in block 4 by the end of 2019, or in early 2020.
Offshore marine operator, Attollo Offshore, has been announced as an ELITE “Future Shaper” by the London Stock Exchange Group.
The finalists have been announced for next year’s Subsea UK awards, which recognize the companies and individuals leading the way in the UK’s £7.5billion subsea sector.
VIKING Life-Saving Equipment - a global safety solutions and service provider, has announced its acquisition of Drew Marine’s Fire Safety and Rescue (FSR) division this month.
Aker Solutions has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago.
On December 10, Equinor completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The company now has an interest in all three Bałtyk offshore wind development projects (MFW Bałtyk III, MFW Bałtyk II i MFW Bałtyk I.).
Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on the exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.
Danos recently promoted two employees to manager positions. Brady Hebert was named shelf operations manager, and Mark Theriot is the company’s new competency assurance and training manager.
Seatools, a leading provider of subsea hydraulic components and systems, stepped up its standardized hydraulic solutions bid with a new range of subsea hydraulic power units (SHPUs). The range offers a number of high-performance SHPUs that stand out in robustness, compactness, and ease of integration. The powerpacks come as true plug-and-play solutions.
When Siemens Gamesa Renewable Energy recently installed turbine 51 in the British 714 MW East Anglia One project, it reached a significant milestone: the installation of offshore Direct Drive wind turbine number 1,000, eight years on from the first.
Nautilus Labs, a technology firm advancing the efficiency of ocean commerce through artificial intelligence, and Inmarsat, the world leader in global, mobile satellite communications, have signed an agreement for Nautilus Labs to join a premier group of dedicated application providers for Inmarsat’s Fleet Data service.
Norway has over the years taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures. Power from shore to offshore platforms already started in 1996 when Troll East (A) came on-stream, with the Johan Sverdrup field as the latest addition in 2019.
Kongsberg Maritime has signed an agreement with the Norwegian Society for Sea Rescue to develop new and innovative maritime Search and Rescue (SAR) technologies. The duo’s collaboration will cover five concept development areas for SAR: maritime operations, rescue operations, search on the surface of the sea, underwater search and digital solutions.
2G Robotics has officially released the Micro Inspection Skid, a new laser survey skid for Inspection Class ROVs developed in partnership with iXblue and Nortek. This all-in-one integrated skid delivers high accuracy inspection capabilities with subsea dynamic laser scanning to enable survey and inspection by low cost vehicles.
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