Since the outbreak of the coronavirus pandemic, some countries have announced significant spending pledges to support a green recovery. Germany leads the way with a €40 billion (£36 billion) commitment to climate-related spending. The UK government’s plans…
The number of unsold November-loading Angolan crude cargoes fell further on Thursday, traders said, while the Nigerian market was steady.ANGOLAOnly one cargo of CLOV remains unsold after the other found a buyer on Thursday. Details of the cargo's destination were not known…
Oil major BP has extended the charter deal for Seadrill Partners' ultra-deepwater West Vela drillship.Seadrill said on Thursday that the contract extension was expected to keep the drillship busy with BP in the U.S Gulf of Mexico until early April 2021…
Deepocean, with Enpro Subsea as a subcontractor, has recently completed the removal of 'attic' oil from concrete storage cells at the base of Shell's Brent Bravo platform in 140 meters water depth in the UK North Sea.A DeepOcean subsea construction…
Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.Energy Secretary Alfonso Cusi said on…
Subsea services group Acteon has recently interviewed Laura Wood, Business Development Manager at UTEC, an Acteon company, on the subject of gender diversity in the male-dominated energy industry, and the role of women in S.T.E.M ( Science, Technology…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
All dynamically positioned offshore drilling rigs in the U.S. Gulf of Mexico that moved away from the Hurricane Delta last week have now returned to the Gulf. Production from oil and gas platforms has yet to be fully restored.As previously reported…
The European Union's latest strategy to defuse tensions with Turkey is unraveling, two weeks after it was sealed, raising the risk of conflict in the Eastern Mediterranean, diplomats, officials and experts said.Despite an EU summit deal in the early hours of Oct…
Offshore drilling contractor Transocean has won a contract extension for its Dhirubhai Deepwater KG1 drillship in India.On Wednesday, Transocean said that its client Reliance had exercised a contract extension option that should see the ultra…
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC Secretary General Mohammad Barkindo said on Thursday, adding that oil demand has been recovering slower than expected…
Maersk Supply Service has said it has won a contract in Nigeria for one of its offshore vessels.The Danish offshore vessel owner said the contract was for the support of a mooring line replacement project on a floating asset. It did not say who the client was…
Kidnappings rose by 40% in the Gulf of Guinea in the first nine months of this year, and the region off West Africa's coast now accounts for 95% of global maritime kidnappings, the International Maritime Bureau (IMB) said on Wednesday.Eighty seafarers were taken in the Gulf of Guinea…
Tekmar Group, a provider of offshore energy equipment and services, has appointed Alasdair MacDonald as Chief Executive Officer.Alasdair MacDonald was Chairman of Tekmar Energy, a design, engineering, and manufacturing specialist of subsea protection systems for subsea cables…
Eni Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer told a Milan court on Wednesday.Speaking in the court hearing…