Norwegian offshore seismic services company Axxis Geo Solutions will file for court-protected restructuring, it said Tuesday.Axxis said it had not been able to reach an agreement with all creditors in order to implement a voluntary solution to refinance the company…
Shares in Technip Energies skyrocketed on Tuesday, the first trading day after Franco-American oilfield company TechnipFMC split its engineering and construction activities from its upstream oil services business.Shares were up 31.5% at 11.83 euros at 0901 GMT ($14…
UK-based energy services company Three60 Energy has appointed Garrie Scott as Projects Director in its Engineering, Procurement, Construction and Commissioning (EPC&C) service line, and has outlined plans to recruit 50 people over the next 12 months…
Wind turbine maker Vestas - which last week announced it would build the world's largest offshore wind turbine - said Monday it had appointed Purvin Patel as Regional President of Asia Pacific, to strengthen its presence and market position in strategic and fast-growing markets in the region…
Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday…
Oilfield services company TechnipFMC on Tuesday said it had completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies.TechnipFMC, created in 2017 through a merger between France-based Technip and U…
Norway's oil industry employers struck a wage bargain with the Safe labour union on Tuesday, preventing a strike at the Mongstad crude terminal and shutdowns of major offshore oil and gas fields, Safe told Reuters.The Norwegian Oil and Gas Association…
U.S. offshore wind crew transfer company Atlantic Wind Transfers (AWT) said its second Jones Act crew transfer vessel (CTV) Atlantic Endeavor was launched at the end of December.Designed by U.K. firm Chartwell Marine and built by Blount Boats in Warren…
Norwegian marine seismic data firm PGS, in partnership with Angola's ANPG, has started a new MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021…
Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel at 1320 GMT, after climbing to a session high of $63…
Oil firm Shell has picked the US offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico, marking the entry of the H160 helicopter series into the oil and gas market, Airbus has informed…
Offshore drilling firm Transocean on Friday released its quarterly fleet status report in which it announced several new contracts, a contract termination in Malaysia, and the retirement of the Leiv Eiriksson semi-submersible drilling rig.Some of the contracts have been announced previously…
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…
Workers will decide on Monday whether to strike this week at Norway's largest oil loading terminal, action that could disrupt production at fields responsible for a third of the country's crude output and more than 40% of natural gas exports…
Australian oil company Carnarvon Petroleum is gearing up to start drilling at its Buffalo oil field project, in the Timor Sea, offshore East Timor.The company has awarded the drilling management services to Petrofac, which will include completion of detailed well design…