Danish offshore vessel owner Maersk Supply Service will let go 55 people in an effort to cut its onshore costs.The company said Wednesday that, in response to the negative development in the oil and gas industry, Maersk Supply Service today…
Australian offshore oil and gas safety regulator NOPSEMA has said that the offshore oil and gas companies operating in the country are 'are equipped with adequate arrangements for protecting workers from infectious diseases such as COVID-19…
Italian energy contractor Saipem has agreed with state lender Cassa Depositi e Prestiti (CDP) to study the development of energy transition projects in Italy and abroad.In a joint statement on Wednesday, the two groups said the agreement was focused on carbon-cutting initiatives…
The article was updated to include a statement by a Deme spokesperson who said that the Orion delivery would be delayed following the accident.Following last week's crane collapse on offshore installation vessel Orion at Liebherr's yard in Rostock in Germany…
Ampelmann, a Dutch company providing crew transfer gangways to the offshore energy industry, has said it has achieved a milestone of one million safe personnel transfers in the Middle East.The company said Wednesday that the milestone, which it took nearly a decade to achieve…
UK-based HydroWing and Dutch tidal energy developer Tocardo are working on a solution that will convert tidal energy into hydrogen, store it and offload it - similar to an FPSO in the oil and gas industry - to overcome the intermittency as well as the transportation issues…
Occidental Petroleum Corp on Tuesday swung to a first-quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash.The company has been struggling…
Dutch offshore contractor Van Oord has won a contract for installation and transportation of components for the offshore wind farm development in the Bay of Saint-Brieuc, France.Under the contract awarded by the wind farm developer Ailes Marines…
UK-based oilfield services company Petrofac has said that its Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million. Both awards come with options to extend beyond the initial term…
Leading wind turbine maker Vestas posted an unexpected first-quarter operating loss despite strong sales and a healthy order book, weighed down by project delays as well as higher costs that were partly down to the COVID-19 pandemic.But the…
Aker BP will cut its quarterly dividend payments by two-thirds due to the COVID-19 pandemic and the plunge in crude prices, the Norwegian oil firm said on Wednesday after reporting a better-than-expected first-quarter core profit.Earnings before interest…
Wind turbines maker and service provider Siemens Gamesa has said its January-March quarter performance was affected by the COVID-19 pandemic on its operations and commercial activity, but assured that the long-term prospects for the industry and the company remain sound…
Offshore jack-up rig company Seafox has increased its ownership in rival and takeover target Gulf Marine Services to 16.39 percent by acquiring 9,38 million shares in GMS on the market at a price of 10 pence per share on Tuesday.The Dutch company also made a 'no increase' statement…
Equinor will shut down its Melkoyea liquefied natural gas (LNG) plant for two weeks of maintenance in the second half of May, the Norwegian oil and gas company said on Wednesday.The shutdown of the plant, also called Hammerfest LNG, which liquefies…
Nigeria will not hold 'substantive' oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said…
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