Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…
Offshore installation, construction, and decommissioning company Allseas is planning workforce cuts due to a bleak outlook for offshore projects in the wake of low oil prices and COVID-19 pandemic.In a statement sent to Offshore Engineer, Allseas…
Offshore drilling contractor COSL Drilling Europe has signed a Master Framework Agreement with Equinor for the use of COSL's drilling rigs on the Norwegian Continental Shelf.The drilling company said the deal 'fully enables COSL to provide additional drilling units and services to Equinor…
Italian industrial giants, energy firm Eni and shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) to explore innovative initiatives in the field of decarbonization and circular economy, including offshore renewable technologies…
Norwegian energy company Equinor has officially named its wind project off the coast of New England, USA. The name is Beacon Wind.'Beacon conveys a sense of hope and guidance, qualities that we value very highly at Equinor, especially now,” said Siri Espedal Kindem…
Norwegian oil and gas firm OKEA will carry out maintenance works on its Draugen platform earlier than initially planned, following the Norwegian government's decision in April to cut oil production to support oil prices.OKEA's Draugen field in the Norwegian Sea…
London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…
Norwegian offshore installation company Ocean Installer has established a new business segment focused on Offshore Wind and has appointed Even Larsen, currently CEO of Fred. Olsen Ocean, as the director of its new business segment. Larsen will join starting from August 1…
Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.'In the months ahead,…
Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…
U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.Royal Dutch Shell Plc, BP Plc, Chevron Corp , Exxon Mobil Corp…
A consortium of the Belgian companies ENGIE Fabricom and Iemants will supply the offshore substation platform for the Hollandse Kust (North) wind farm in the Dutch North Sea, TenneT has informed.A wind farm with a total installed capacity of…
Independent Oil and Gas (IOG) has awarded Proserv a complete subsea controls system contract for IOG’s Core Project Phase 1 development in the UK Southern North Sea.IOG's Core Project Phase 1 comprises the development and production of the Southwark…
Walney Extension Limited, a joint venture owned by Ørsted (50%), PKA (25%) and PFA (25%), and the operator of the Walney Extension offshore wind farm in the UK, has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Walney Extension…
WFS Technologies (WFS) and Subsea Energy Solutions (SES) have joined forces in the space of condition monitored cable protection systems for the offshore energy industry.The collaboration will see WFS utilize its smart wireless Seatooth technologies…