Norway, Western Europe's largest oil producer, signaled on Friday it could cut its output if the deal negotiated by the so-called OPEC+ nations was implemented as planned.Norway's Minister of Petroleum and Energy Tina Bru is taking part in Friday's…
The Russian oil company Lukoil is pressing ahead with the development of the Valery Grayfer field in the Caspian Sea. The company on Friday said it had launched the jacket of the living quarters platform from the yard to the Caspian Sea.The…
Offshore installation company DEME Offshore has said made strong progress with the installation of the foundations for offshore wind turbines at Ørsted’sBorssele 1 & 2 Offshore Wind Farm in the Dutch North Sea, reaching the halfway mark. Having…
Global oil producers and refiners are struggling with a series of unprecedented dislocations as the simultaneous epidemic and volume war between Saudi Arabia and Russia rip through every element of the supply chain.Some idea of the extraordinary…
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. 'The pandemic will not influence investment decisions and general confidence in offshore wind…
FPSO-leasing company BW Offshore has been unable to remove the Umuroa FPSO from the Tui field in New Zealand following the contract termination, client liquidation, and the country's court and environment regulator intervention.The company was…
Saudi Arabia's energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts.OPEC, Russia and other allies, a group known as OPEC+…
David Roodenburg is the third generation from the Roodenburg family to become CEO of the Netherlands-based equipment manufacturer Huisman.His father, Joop Roodenburg, is currently active as President after he appointed Theo Bruijninckx CEO in April 2018…
Royal Dutch Shell's greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company.At the same time, burning of unused natural gas in Shell's upstream oil and gas operations, a process known as flaring…
Offshore drillings contractors leasing drilling rigs to oil and gas companies are set to lose contracts worth $3 billion in combined revenue in 2020 and 2021, Rystad Energy said Thursday, citing the impact of the coronavirus pandemic and low oil prices…
Oil prices rose on Thursday on expectations the world's leading crude producers will at a meeting later in the day overcome obstacles that have so far prevented a deal to cut output in response to a collapse in global demand.Brent crude futures were up 2%…
Offshore wind turbine supplier MHI Vestas has won an order to deliver wind turbines for a wind farm project offshore of Yurihonjo city in Akita Prefecture, Japan.The contract was announced Thursday by Renova, a partner in Akita Yurihonjo Offshore Wind GK (AYOW)…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…
Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas.Ardent, created by the 2015 merger of salvage divisions of Svitzer and Crowley, specializes in emergency preparedness and response…