UAE-based firm ADNOC Drilling has decided on the early termination of two jack-up rig contracts with drilling contractor Shelf Drilling.Shelf Drilling, a company with one of the largest jack-up rig fleets in the world, said Monday that the customer…
China's refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.Annual throughput stood at 674…
Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months.Exxon, which operates the Stabroek…
The global offshore wind industry has been picking up pace unabated by the global pandemic, with industry investments growing and offshore wind turbine makers competing on who'll build a larger turbine. With offshore wind turbines, bigger is better…
German shipping group Harren & Partner has added the jack-up vessel Wind Lift I to its fleet, and has this week announced the launch of Bremen-based SAL Renewables, a provider of offshore wind installation services.'Born as a sister company to the renowned heavy lift shipping company SAL Heavy Lift…
Norwegian offshore vessel operator Eidesvik Offshore has won a long term charter with wind turbine maker Siemens Gamesa Renewable Energy for its Service Operation Vessel Acergy Viking. The contract will start in direct continuation of the current…
Dutch crane specialist Huisman has signed a letter of intent with China's Yantai CIMC Raffles Offshore for the delivery of a 2,600mt Leg Encircling Crane (LEC) for OIM Wind’s BT-220IU offshore wind installation unit.OIM Wind last year signed an EPC contract with CIMC for the construction of 1 + 1…
French oil major Total has decided not to renew its membership with the U.S. oil and gas industry association American Petroleum Institute (API), over the differing climate positions, as well as over API's support for candidates who oppose Paris Agreement…
Oil major BP has hired Aberdeen-based offshore training company, Survivex, to develop and deliver a four-week training program for the operational personnel on the Greater Tortue Ahmeyim development project in Senegal/Mauritania offshore area…
SAP SE and DNV GL have teamed up to deliver a new industry cloud solution, Corrosion Under Insulation (CUI) Manager, designed to tackle a major problem facing the integrity of oil and gas plants. CUI is seen as one of the largest maintenance…
New York-listed offshore vessel owner SEACOR Marine has completed the previously announced sale of its offshore crew transfer subsidiary Windcat Workboats to the Belgian shipping and logistics group Compagnie Maritime Belge (CMB).Windcat is headquartered in Lowestoft…
US-based ocean science nonprofit Global Oceans, has acquired, via a donation from Oceaneering, three deep-sea exploration vehicles rated to6000 meters of operational depth.The donation includes the Magellan 725 ROV, the Ocean Discovery ROV, and the Ocean Explorer 6000 Towed Sonar System…
The Russia-led Nord Stream 2 consortium is not resuming work to complete the subsea gas pipeline to Germany just yet, daily Handelsblatt reported on Friday, citing a consortium spokesman, amid pressure from Washington to halt the project.A Danish…
Norway's Endúr Industrier AS, an offshore fabrication subsidiary of marine infrastructure group Endúr, on Friday notified Stavanger district court about its decision to initiate a bankruptcy petition for the company, citing a dire market situation…
Lamprell, a company traditionally known as oil and gas rig builder, has this week announced a reorganization of its business aimed at increasing focus on renewables and the energy transition. Based in the UAE, the company has in recent years increased its uptake of renewables sector orders…