Industry News


'Decision Hard to Take' But ONS 2020 is Canceled

Apr 27, 2020

Offshore Northern Seas (ONS) exhibition and conference that was supposed to be held in Stavanger, Norway between August 31 September 3, 2020, has been canceled.The organizers of one of the largest gatherings for the international energy community…

Angola's Sonangol Starts Selling Stakes in Firms

Apr 27, 2020

Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022.Describing Sonangol as an 'octopus…

Johan Castberg FPSO Turret Mooring System Complete

Apr 27, 2020

Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the Barents Sea, offshore Norway.The modules will…

Østensjø Wins Long-Term Charters for Offshore Wind Vessel Duo

Apr 27, 2020

Østensjø Group's offshore wind business Edda Wind has signed long term time charter deals with MHI Vestas and Ocean Breeze Energy respectively for two of the four offshore wind vessels ordered from Spanish yards. The charter agreement with MHI…

Total: 14 Coronavirus Cases at Congo Oil Operations

Apr 27, 2020

French energy major Total said on Sunday that 14 workers including two of its staff have tested positive for the new coronavirus at its sites in Congo Republic, but output at the 190,000 barrels per day operations have not been affected.Congo…

Diamond Offshore Files for Bankruptcy

Apr 27, 2020

Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.The Houston-based contract drilling company's filing…

NOIA Elects Cobb, McCarroll to Board Leadership Roles

Apr 24, 2020

The National Ocean Industries Association (NOIA) Board of Directors has elected Galen Cobb, Vice President of Industry Relations of Halliburton, as Chairman and Matt McCarroll, President & CEO of Fieldwood Energy, as Vice Chairman for the 2020-21 term…

Seabed Geo Places Eidesvik Offshore Vessel on Standby

Apr 24, 2020

Ocean Bottom Node survey company Seabed Geosolutions and Norwegian vessel owner Eidesvik Offshore have reached an agreement to place Eidesvik’s Subsea Viking vessel on a stand-by.Seabed Geosolutions back in February awarded two Eidesvik's vessels…

Norway Proposes Extension to Arctic Offshore Drilling Boundary

Apr 24, 2020

Norway plans to extend its no-go zone for oil exploration in the country's Arctic waters but stopped short of areas for which licenses have already been granted to oil companies.The government on Friday proposed an extension of the so-called…

Indonesia: Oil and Gas Sector Seeks Travel Ban Exemption

Apr 24, 2020

Indonesia's upstream oil and gas regulator SKK Migas will ask the Transport Ministry to exempt the sector from its ban on air and sea travel to reduce disruptions to drilling operations, an official at the regulator said on Friday.To curb the…

i3 Energy Seeks More Time from Noteholders

Apr 24, 2020

i3 Energy, a London-listed company focused on developing the Liberator field in the UK North Sea, has started talks with noteholders to seek waiver on previously agreed terms.In a statement on Friday, the company reminded that on 8 November 2019…

Aker BP Expects Pre-tax Loss Due To Oil Price Slump Charges

Apr 24, 2020

Norwegian independent oil company Aker BP said on Friday it expected to report a pre-tax loss due to impairments worth $500 million-$700 million related to the oil price crash.North Sea oil prices hit more than 20-year lows this week as demand…

Equinor Rejects Climate Resolution Proposals

Apr 24, 2020

Equinor's board has rejected all shareholder climate resolutions, including one asking to set more ambitious emission reduction targets, the company said in a notice to the annual shareholders' meeting published on Thursday.In February, Equinor…

SEC Drops Probe into Shell's Offshore Nigeria Deal

Apr 24, 2020

The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell's 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company said on Thursday.'The SEC has notified us that it has closed its inquiry into Shell in relation to OPL 245…

Dolphin Drilling names HSEQ Director

Apr 24, 2020

Offshore drilling contractor Dolphin Drilling has appointed Marianne Leiknes Ulriksen in the new role of Director HSEQ.Joining the company from PSW Group, she will be reporting directly to CEO Bjørnar Iversen, who made the announcement of the HSEQ Director appointment via social media…

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