UK-based energy industry company in TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia.The 52,500-square-meter facility greatly expands TechnipFMC’s…
GE Renewable Energy and the UK's Offshore Renewable Energy (ORE) Catapult have announced a $11 million four-year research partnership aimed at minimizing the time people have to spend offshore, which will enhance both safety and operating costs for offshore wind farms…
International jackup drilling contractor Shelf Drilling announced that it has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover operations offshore Nigeria.The international…
McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline…
The Danish Parliament has approved new regulation following extension of the rules on tax free net wages for seafarers to also include certain specialized vessels.According to Danish Maritime Authority, the Danish parliament adopted an extension of the seafarer tax scheme last spring…
Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Tuesday it had signed a 20-year gas supply deal with Perdaman Chemicals and Fertilisers Pty Ltd.The agreement is to supply about 125 TJ of gas per day for use in Perdaman's proposed urea plant…
Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.U.S. West Texas Intermediate (WTI) crude futures were down $3…
Heerema Fabrication Group (HFG) announced Tuesday that it intends to divest its activities at the locations in Zwijndrecht, the Netherlands and Hartlepool, U.K. The Dutch firm, which builds large structures for the offshore energy industry,…
Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law…
A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc said on Tuesday.The spill is the largest-ever off the coast of the Canadian province…
Oil and gas companies plan to drill 40-50 exploration wells on the Norwegian continental shelf in 2019, similar to levels seen in 2018, the head of exploration activities at the country's Petroleum Directorate told a conference on Tuesday.Norway…
There is great potential for large underwater turbines engineered to harness power from tides and ocean currents to produce industrial-scale levels of electricity. At the smaller scale, tidal power can be just as useful and, indeed, can be much easier to deploy to meet commercial needs…
Norwegian oil and gas firm Equinor plans to drill more exploration wells internationally and more onshore wells in 2019 compared to this year, the company's head of exploration said on Tuesday.'In general, there will be more international activity…
Norway’s overall, oil-fueled economic expansion may be hampering the offshore industry from recruiting the engineering talent it needs, just as signs of recovery appear from segment-to-segment.More openly than ever, a Norway-based offshore industry…
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about an emerging production overhang similar to the one that led to a price slump in 2014…