Latest news

Offshore wind to 'top 400GW by 2040'

Global offshore wind installations will hit 165GW by the end of the decade and are on track to reach 418GW by 2040, according to new research by UK analysts Rethink Energy.

read more... 10/01/2020


Gazprom Neft produces its 12-millionth tonne of oil at its Prirazlomnoye field

The 12-millionth tonne of ARCO (Arctic-blend) oil has now been produced and shipped from Gazprom Neft’s Prirazlomnaya offshore platform, delivered by the Kirill Lavrov ice-class shuttle tanker to the Kola Bay, where the Umba storage tanker is harboured, and from where it will be shipped, in standard batches, to Europe.

read more... 03/01/2020


Estonia launches review process of Eesti's 1-GW offshore wind project

The Estonian government has kicked off the construction permit approval process for a 1-GW offshore wind farm in the Gulf of Riga.

read more... 02/01/2020


Saipem nets $1.7B in drilling contracts

Saipem on Friday said that the contracts related to the offshore drilling division concern activities to be executed in Norway and in Angola. Apart from sharing the regions where the projects will be carried out, the company did not provide any further info on the offshore drilling contracts.

read more... 30/12/2019


Russian oil company enters two blocks offshore Egypt

On December 24, 2019, in Cairo, Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE, and Pacific Oil Limited, have signed a production sharing agreement for the South East Ras El Ush and East Gebel El Zeit blocks.

read more... 27/12/2019