Italian oilfield services company Saipem has terminated the charter party for Solstad Offshore's Normand Maximus offshore construction vessel four years early.Norwegian offshore vessel owner Solstad said Friday that Normand Maximus Operations Ltd…
Malaysia's state energy firm Petronas on Thursday paid over $700 million in sales tax to the energy-rich state of Sarawak, in a settlement that could open the way to more such payments to state governments.The payment comes just two weeks after…
Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest…
Danish offshore drilling company Maersk Drilling has set a target to cut the intensity of CO2 emissions from its drilling operations by 50% by 2030. Jørn Madsen, CEO of the company which leased drilling rigs to oil companies said:'Climate change…
A fire broke out earlier this week on a fast rescue craft aboard the Siem Diamond offshore support vessel in the Atlantic Ocean, east of St. John's Canada.According to the C-NLOPB, the offshore oil and gas safety body for the Newfoundland and Labrador area…
Oil and gas company Wellesley has failed to find hydrocarbons at its 6204/11-3 exploration well in the North Sea, offshore Norway.Wellesley, as the operator of the production license 829, drilled the wildcat well 6204/11-3 (also known as the Schweinsteiger prospect)…
UK-based company Offshore Design Engineering (ODE) won a contract to carry out the initial technical design and building permit design for the Baltic Power offshore wind farm in Poland.The contract was awarded by Baltic Power, a subsidiary of…
Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days.The storm toppled trees, flooded streets, and left about 570…
Denmark's Ziton, which provides operations and maintenance services to offshore wind farms, plans to raise up to 100 million euros ($118.5 million) from a sale of new equity and to list its shares on Norway's Merkur Market, the company said on Friday…
The final batch of jackets that will support offshore wind turbines at the 950 MW Moray East offshore wind farm in the UK was loaded this week at a fabrication yard in Dubai ahead of the sailaway.The news was shared Thursday afternoon (CET) by DEME Offshore…
Norwegian offshore installation services company Ocean Installer has appointed Robert (Bob) Gillespie, a former DOF Subsea UK boss, as managing director of its UK business.Gillespie will lead the company’s UK office based in Aberdeen, where…
Crane manufacturer Liebherr will deliver a cylinder-luffing crane, type RL 2600-35 Lit, for offshore wind farm substation DolWin Epsilon.The crane, to be installed aboard the TenneT-owned offshore platform, will be used for supply and maintenance tasks on the German North Sea…
Norwegian offshore and shipping firm GC Rieber Shipping has secured a two-year contract extension for the icebreaker Polar Pevek with Exxon Neftegas at the Russian Far East.The vessel is operating off Sakhalin Island, in far-east Russia. It…
Brazilian oil company Petrobras has changed the name of Lula - one of its largest offshore oil fields - back to Tupi.Petrobras had renamed the field from Tupi to Lula in 2010, however, a court recently ordered it to change the name as, while the word Lula means 'squid' in Portuguese…
OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.The key OPEC+ panel will…