UK-based union Unite said Tuesday its members in Stork had voted by 61 percent to end their industrial action after a ballot which will see offshore salaries increase by 10 percent and be backdated to January 2023.The ballot, in which 88 percent of Unite members voted…
Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.The well has added stabilized initial production of approximately 8…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Offshore installation and decommissioning services firm Allseas has awarded Modern American Recycling Services Europe (‘M.A.R.S.’) a contract for project management and engineering, receipt with load-in assistance, dismantling, and disposal…
Danish offshore vessel owner ESVAGT and Norwegian ship designer HAV Design have selected Brunvoll as the supplier of a propulsion and maneuvering system for another Service Operations Vessel (SOV). The delivery will be a repeat of the contracted vessel from last year…
Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog…
The lifting of oil and gas in Indonesia between January and June fell below target due to unplanned shutdowns and delays in starting projects, upstream regulator SKK Migas said on Tuesday.Crude oil lifting stood at 615,500 barrels per day (bpd)compared with 660…
Russian oil and gas firm Zarubezhneft plans to sell its stake in Indonesia's Tuna gas project, the upstream regulator said on Tuesday, after its British partner said sanctions were complicating their joint development.Zarubezhneft is partnering British firm Harbour Energy…
Danish technology developer and integrator Floating Power Plant A/S said Tuesday it had been selected to negotiate a significant grant by the European Commission to support its SEAWORTHY project at the PLOCAN test site.SEAWORTHY is an acronym…
The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed 'European actor.'The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding…
Brazil's state-run oil company, Petrobras, will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.Petrobras is preparing to preview updates to its business plan next month…
An ailing crewmember was medevaced from a liftboat approximately three miles south of Pecan Island, La., Saturday morning, the U.S. Coast Guard said.The Coast Guard said its watchstanders at Sector New Orleans received a call at approximately 1:12 a…
Norway's HAV Group has signed the final contract to design and equip another methanol-fuelled offshore wind service operation vessel (SOV) for the Danish offshore vessel owner ESVAGT.HAV Group said Monday it had signed the final contract with ESVAGT’s chosen shipyard…
BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…
The Government of Curaçao has commissioned the Dutch offshore survey company Fugro to map the seabed of the island’s surrounding waters for the future development of floating offshore wind farms. The Curaçao Government’s target is to realize 6GW in renewable energy capacity by 2035…