The Netherlands is about to witness the emergence of significantly larger offshore wind farms, said the Port of Amsterdam.In addition to resulting in estimated double revenues for the wind energy industry by 2030, this will lead to the creation of around 25…
The provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, SeaBird Exploration announced a contract award by Wintershall Dea for 2D acquisition in the Norwegian Sea.The survey has an expected…
Farstad Shipping, a wholly owned subsidiary of Norwegian offshore supply vessel owner Solstad Offshore, has sold one of its platform supply vessels (PSV).According to a press release from the Norwegian offshore service and supply ship shipping company…
Sierra Leone has put on a brave face and announced a rehashed package for bidders interested in taking part in its fourth hydrocarbons licensing round that was suddenly put on the ice in September 2018 after a new administration took charge…
While the offshore market is starting to show some positive signs, some vessel owners and operators in the sector continue to suffer.Utilization and rates for offshore supply vessels (OSV) have improved in 2019, particularly in the North Sea…
Mexico's government has punished the former chief executive of state oil firm Petroleos Mexicanos for misuse of public funds in the purchase of fertilizer business Fertinal, according to three people with knowledge of the matter.The Public Administration…
Offshore engineering firm Aquaterra Energy has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins.Located on Murray Street, Perth, Aquaterra Energy’s new office in Australia’s…
Teekay said it has entered into an agreement with Canadian Natural Resources (CNR) to extend the employment of the Petrojarl Banff FPSO unit on the Banff field in the UK North Sea for a period of one year to the end of August 2020.According to Teekay…
Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.Shares in BW Offshore, originally an owner of floating production, storage…
Dutch firm Heerema Marine Contractors and Singapore's Sembcorp Marine, on Thursday, showed off the world's largest crane vessel that can be used for the setup and decommissioning of offshore oil and gas facilities.The semi-submersible vessel…
Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer , to reduce its liabilities, the firm's outgoing chief financial officer said on Thursday.Seadrill, controlled by Norwegian billionaire John Fredriksen…
The Shell-operated Appomattox floating production system in the US Gulf of Mexico has been brought into production several months ahead of schedule, the British-Dutch supermajor announced on Thursday.The ultra-deepwater Appomattox development…
A collection of new orders may signal good news for the floating production sector, says a recent market report from International Maritime Associates and World Energy Reports (IMA/WER).Since the start of 2019, there have been 10 orders for floating production units…
Asia Pacific focused independent oil and gas company Jadestone Energy announced on Thursday that the Stag 49H infill well offshore Australia has started producing at a rate of 1,400 bopd.After concluding drilling operations on May 6, 2019, the…
N-Sea Holding announced Thursday it has appointed Arno van Poppel as Chief Executive of the Netherlands based subsea inspection, maintenance and repair (IMR) services provider.van Poppel succeeds Gerard Keser, who steps down from his current…