Malaysian offshore services provider Tanjung Offshore has secured a contract with Carigali Hess Operating Company, a Malaysian subsidiary of the U.S. oil company Hess Corp.The contract is for the provision of onshore fabrication, offshore hook-up and commissioning for infill flowlines…
Australia-based global engineering company Worley has signed two frame agreements with oil major BP for the provision of offshore engineering services.Worley said Wednesday that one frame agreement was for conceptual engineering and the other…
German oil and gas company Wintershall Dea reported a sharp drop in earnings in the first quarter of 2020, prompting it to cut costs and reduce oil and gas exploration.Production amounted to 626,000 barrel of oil equivalent per day (mboe/d) in Jan-March…
UK-based rig inspection company Aberdeen Drilling Consultants (ADC) has launched what it calls a 'resilience audit' aimed at helping the global oil and gas industry maintain safe operations by protecting against the spread of COVID-19 on offshore installations…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…
Iberdrola will enter a 6.5 billion pound ($8 billion) offshore wind project in Britain's renewable auction next year, the company's offshore wind head told Reuters.Britain, the world's largest offshore wind market accounting for around 40% of global capacity…
Danish offshore vessel owner Maersk Supply Service has won a contract for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames in the UK North Sea, by Fairfield Betula Limited.Maersk Supply Service will remove four 30”…
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…
Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices…
HitecVision's NEO Energy company has renegotiated the terms of the acquisition of Total's UK North Sea assets, first announced in July 2019.The original agreement stipulated that Petrogas NEO, a joint venture between Petrogas, the exploration…
Jersey Oil & Gas has completed the acquisition of operatorship and a 70% working interest from Equinor in the UK North Sea license containing the Verbier discovery in the UK from Equinor.The consideration for the acquisition consists of two…
Hornbeck Offshore Services has filed for chapter 11 to implement a prepackaged reorganization plan, according to a court filing in the U.S. Bankruptcy Court in Houston.The U.S.-based offshore vessel owner with more than $1 billion in long-term…
Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has completed its first offshore decommissioning project.The vessel, which has been around for almost a year, has so far mostly conducted installation works, such as the…
U.S. oil industry group the American Petroleum Institute (API) has appointed Lem Smith as Vice President of Upstream Policy. Also, API said that former U.S. Coast Guard Captain Russell Holmes has been named Director of the Center for Offshore Safety (COS)…
Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the…