Edda Accommodation, a specialized provider of offshore accommodation service vessels, has announced that Johan Rokstad retired as CEO.The managing director role of Edda Accommodation is now transferred to Kenneth Walland, CEO of Østensjø Rederi…
Global offshore wind power market size will grow by over USD 17 billion during 2019-2023, at a CAGR close to 18%, said Technavio report.Due to rapid urbanization and industrialization across the world, there has been significant growth in the global demand for electricity…
Norway-based shipping company Ocean Yield has entered into an option agreement with Aker Energy for a long-term bareboat charter of the FPSO Dhirubhai-1.The option period expired on the 1st of May but was extended until the 30th of May 2019…
Norwegian offshore driller Dolphin Drilling announced Tuesday that it has terminated its top brass, including its CEO and CFO, amid ongoing restructuring efforts.The secured lenders have communicated that the new company's new CEO will be Bjørnar…
A new peripheral device provides HD digital and thermal imaging technology for inspections and maintenance in potentially hazardous areas.With the Cube 800, the Pepperl+Fuchs brand ecom is launching the first portable and explosion-proof infrared and HD video camera for Zone 1/21 and Div…
Offshore platforms designed to be able to operate for up to six months without the need for scheduled maintenance rely on a holistic power-generation concept from Wärtsilä that leverages high efficiency engines remote monitoring, predictive maintenance and OEM experience and expertise.
Roberto Di Silvestro discusses ongoing developments at Saipem's Sonsub, from subsea resident vehicles to evolutions in life of field services.
China Merchants Offshore Technology Research Center (CM-OTRC), the R&D center for China Merchants Industry Holdings (CMI) of Shenzhen, China, have completed the basic design of the OOS Zeelandia a new semisubmersible crane vessel (SSCV) that…
Petrofac announced on Tuesday that its Engineering and Production Services (EPS) business has been awarded two operations and maintenance (O&M) contract extensions for long-standing clients worth a combined value of approximately $32 million…
Pemex's oil exports dropped by 11% in April compared to the previous month, while production slipped by 0.9%, data from the Mexican state oil firm showed on Friday.Exports of Maya crude, the only type Pemex has been selling abroad for almost a year…
Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country's statistics agency (SSB) showed on Tuesday.Higher investment raises the prospect of further interest rate hikes by Norway's central bank…
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…
Brazil's Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt.Petrobras, as the company is known, has set a June 5 deadline to receive…
Whatever its investments in wind, Equinor on Monday received a much anticipated greenlight to drill for oil in a mature quadrant of the North Sea, where success with the drill bit could again change field economics for the giant Johan Sverdrup field — and other…