Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand.Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports…
Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.The UK…
Offshore wind developer Vattenfall has received regulatory consent for the development of the 1.8 GW Norfolk Vanguard Offshore Wind Farm off the UK.The consent was granted earlier this week by the UK Secretary of State for Business, Energy, and Industrial Strategy Alok Sharma…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Dutch shipbuilder Royal Niestern Sander has delivered the hydrographic survey vessel ‘Geo Ranger’ to Geo Plus, after 14 months of constructing, installing, commissioning and testing.The vessel last month successfully passed its sea trials on the river Ems…
Subsea 7 has said it has been awarded a sizeable contract for work in the Gulf of Mexico with an unnamed client.Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work includes engineering, procurement…
Offshore engineering and construction company McDermott has successfully completed its restructuring process after filing for bankruptcy in January to restructure its $4.6 billion debt.The company said Wednesday its balance sheet restructuring equitized nearly all of McDermott's $4…
Norwegian energy giant Equinor has been given regulator approval to extend the producing life of Åsgard C Floating Storage and Offloading unit in the Norwegian Sea.Under the approval granted this week by the Petroleum Safety Authority Norway…
Israeli conglomerate Delek Group swung to a big first-quarter loss as a fall in oil prices brought an impairment at its North Sea operations, Ithaca Energy.Delek has been hard hit by the global coronavirus crisis and a drop in oil prices and…
With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging…
Offshore helicopter transportation services provider NHV Group will fly Shell and NAM workers to North Sea facilities under a long-term contract starting Wednesday, July 1, 2020.Belgium-based helicopter company has won the three-year contract with Shell UK & NAM…
Dutch offshore geo-data specialist Fugro will deploy remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.Under the contract awarded by oil and gas company Neptune Energy, Fugro will…
Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…
Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…
Shearwater GeoServices has won a contract for offshore survey work in India, with Oil India Limited.The project for Oil India Ltd. is a combined 3D and 2D towed streamer seismic acquisition- and processing contract in the Andaman Sea and Kerala-Konkan coastal waters offshore India…