Premier Oil Plc said on Tuesday it was in talks with private-equity backed oil producer Chrysaor and several other parties on alternative deals to secure long-term debt refinancing.Premier announced on Aug. 20 that it was seeking a total of $530 million in fresh equity…
Maersk Training in the UK announced the launch of its upgraded Training Management Solution (TMS) with the aim to improve the training management for companies dealing with fewer headcount and remote working, amid the coronavirus pandemic.The software is divided into two parts…
Chinese offshore oil company CNOOC has said that its first offshore wind project has started producing electricity. The company said Tuesday that its offshore wind power project had connected to the grid and begun to generate power. The 300MW…
London-listed oil company Premier Oil has informed that the completed jacket and topside are now en route to the company's Tolmount field in the UK sector of the North Sea.The 500 bcf field, sanctioned in 2018, had been on schedule for first gas by the end of the year…
Oil and gas company Apache, with its partner Total, is on the hunt for its fourth offshore oil discovery in Suriname.The company has this year announced discoveries at Sapakara West, and Maka Central, and most recently, Kwaskwasi well - all in Block 58…
The North Sea-focused oil company Ithaca Energy has signed a 5-year Integrated Services Contract with oilfield services provider Petrofac.Under the contract, Petrofac will provide engineering, construction, maintenance, and offshore manning…
Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and 'new energy' acquisitions Down Under as core to its long term plans, the Australian unit's chairman said on Tuesday.As…
Norwegian offshore vessel owner Solstad has signed a cooperation deal with Westcon Power & Automation, a provider of hybrid- and fully electric solutions, to develop environmentally friendly and sustainable technologies, with the final aim to make the company carbon neutral by 2050…
Norwegian firm Offshore Heavy Transports has secured more work at Equinor's and SSE's giant Dogger Bank offshore wind development project in the UK.To remind, OHT had in July signed a contract for the transportation and installation of foundations at Dogger Bank A…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
Russian energy company Sakhalin Energy has extended the charter for the Polar Piltun crew boat with a GC Rieber Shipping Russian affiliate.As previously reported, GC Rieber in January said that Sakhalin Energy had awarded it contract extension…
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…
UK-based offshore decommissioning company Well-Safe Solutions has bought Seadrill's 1993-built West Epsilon jack-up rig, in a move that the company says will create a 100 new jobs.This will be Well-Safe's second rig in the fleet following the…
Offshore gangway provider Ampelmann has signed its first contract in the Asian offshore wind sector.The Dutch company has been awarded a contract by Seaway 7, a Subsea 7 company, for the delivery of one of its A-type gangway systems for an offshore wind project in Taiwan…
Cathelco, part of Evac Group, has won an order to deliver marine growth prevention system (MGPS) for a new multi-purpose oil spill response and towage vessel being built for the Kuwait Oil Co.The system will be installed to prevent bio-fouling…