Vessel designer Chartwell Marine has partnered up with naval architects BAR Technologies, to support in the delivery of what it says will be the next generation of offshore wind crew transfer vessels (CTVs).'The partnership will drive forward…
Oil and gas company Neptune Energy has said it has carried out the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.'In conjunction with the start-up of the Fenja drilling campaign last month…
Offshore helicopter service providers Bristow and Era have elected new executive leadership to lead the company once their proposed merger is complete, which is expected to happen next month.The companies said the executive leadership team will…
U.S. Energy Information Administration (EIA) on Tuesday noted the Brent oil price remained low despite the recent OPEC+ deal, but added it expected the prices to average $48 a barrel next year. It also warned that the forecast was subject to…
Premier Oil is asking BP to cut the sale price of two North Sea oilfields in a proposed $625 million deal due to weak oil prices, Chief Executive Tony Durrant said on Wednesday.The company is also talking to shareholders, creditors and brokers…
Norwegian offshore vessel owner Rem Offshore has said it has secured a new contract for the Rem Insula platform supply vessel.In a social media post on Tuesday, Rem Offshore said that the contract would take the offshore vessel through 2020 and into 'smooth waters in 2021…
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up…
The Covid-19 pandemic has boosted demand for remote offshore rig and equipment inspection with Bureau Veritas, a testing, inspection, and certification services provider, which says the demand has soared 900%.'A number of remote inspection solutions…
Offshore drilling contractor Vantage Drilling on Tuesday posted a net loss of $30,6 million for the first quarter of 2020, an improvement on $47,9 million loss in 1Q 2019.Ihab Toma, the CEO, said: “Despite the challenges presented by COVID-19 and the resulting global economic crisis…
Oilfield services provider TechnipFMC has said its Deep Energy vessel has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel. In a social media post on Tuesday, TechnipFMC said the landmark was achieved while…
Lundin Energy has obtained a drilling permit for an offshore exploration well in the Barents Sea, off the Norwegian coast.The Norwegian Petroleum Directorate said Tuesday that it had granted Lundin Energy Norway permission to drill the well formally named 7219/11-1…
BP said on Tuesday that oil output at its projects in Azerbaijan declined to 524,000 barrels per day (bpd) in the first quarter of 2020 from 571,000 bpd a year earlier.Associated gas output at the Azeri-Chirag-Guneshli (ACG) oilfields was 7…
Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…
Brazilian oil firm Petrobras has said it has made oil discoveries in the pre-salt areas of the Santos and Campos Basins offshore Brazil.Petrobras said Monday it had discovered oil of excellent quality in the southeast area of the Búzios field in the Santos Basin pre-salt…
The German government, coastal states, and maritime authority BSH have agreed an offshore wind industry deal raising the new expansion target to 20 gigawatts (GW) by 2030 from currently 15 GW, the economy ministry said in a statement on Tuesday…
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