Exxon Mobil Guyana has completed a transaction to assume ownership from SBM Offshore of the FPSO Prosperity.
Petronas, via Malaysia Petroleum Management, has signed two memoranda of understanding.
Norway must focus on maintenance strategies that ensure long-term operational stability.
Potential gas projects offshore Guyana and Suriname could bring new LNG supplies to the global market by the early 2030s, according to Wood Mackenzie.
Collaboration will be designed to help operators manage inspections, improve predictive maintenance, and enhance safety.
Petronas has contracted Shearwater Geoservices to acquire a 3D seismic survey offshore Suriname.
Ørsted and Van Oord have installed droppable oyster structures around the Borssele 1&2 offshore wind farm in the southern Dutch North Sea.
While digitizing a robust process can multiply its effectiveness, integrating technology into a poorly structured system risks magnifying inefficiencies, leading to costly mistakes.
The global offshore support vessel (OSV) market is estimated to grow from $25.52 billion in 2024 to $36.18 billion by 2029, at a CAGR of 7.2% during the forecast period.
Forecasts indicate that global submarine cable demand could double by 2030.
