Following the news on Wednesday 12 September that OMV and Sapura Energy have entered into Heads of Agreement for OMV to acquire 50% of Sapura Upstream, Jonathan Markham, Oil & Gas Analyst at GlobalData offers his view on the key aspects of this transaction.
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UK offshore drilling still in decline
Drilling activity offshore the UK remains depressed, according to Oil & Gas UK’s 2018 Economic Report.
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Mexican wave energy project moving forward
Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.
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Data analytics can improve production efficiency and reduce maintenance costs
A joint study by the UK oil and gas industry’s Technology Leadership Board, the Oil & Gas Technology Centre and the Oil and Gas Authority (OGA) has found that adopting data analytics and digital technologies for asset maintenance and operations could increase production and lower maintenance costs worth £1.5 billion annually to the UK Continental Shelf (UKCS).
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First foundation installed at the Deutsche Bucht Offshore Wind Farm
Van Oord successfully installed the first foundation at the Deutsche Bucht Offshore Wind Farm.
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DOE gives the lowdown on the state of U.S. wind power
The U.S. Department of Energy (DOE) has released its latest wind energy market reports, showing that as wind installations continue across the country and offshore wind projects move beyond the planning process, technology costs and wind energy prices are continuing to fall.
Kongsberg Power and Control Solution selected for new Awilco owned drilling rig
Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC.
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Workforce stabilisation sets platform for Vision 2035
The UK’s offshore oil and gas sector must build upon efforts to recruit and retain a diverse range of new talent into the industry if it is to realise its ambition for the future, Vision 2035, a report by leading industry representative body Oil & Gas UK has found.
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MMT signs 10 new contracts
MMT Sweden has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industry.
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Offshore wind market expected to exceed $60 billion by 2024
According to a new research report by market research and strategy consulting firm, Global Market Insights Inc., the offshore wind energy market size will exceed USD $60 billion by 2024.
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