The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced.At a time when most oil companies are slashing budgets…
Gulf Marine Services, a UAE-based company owning a fleet of jack-up service vessels, said Thursday it had received letters from shareholders who collectively hold 52.24 percent of the company's issued share capital saying that they didn't plant to accept Seafox's takeover proposal…
U.K.-based manufacturer Soil Machine Dynamics Ltd (SMD) said it handed over a purpose-built pre-lay plow to marine service providers Boskalis, for use at Ørsted’s offshore wind farm Hornsea Two.The multifunctional pre-lay plow will be used to…
Denmark on Wednesday proposed a more than tripling of its offshore wind capacity by building two energy islands linked to new wind farms in the Baltic and North seas to help to meet climate change targets.The energy islands are an important…
Prysmian Group, Italian marine cable installation company Prysmian, has finalized a contract for a project awarded by offshore wind farm developer Vattenfall.The contract is for the provision of the subsea inter-array cable systems for the Hollandse…
Aberdeen-based engineering and design firm PD&MS has been awarded a new three-year contract with options for a further three-year extension with oil company Spirit Energy. The deal, worth an undisclosed multimillion-pound sum, will see PD&MS deliver complex modifications for the E&P business…
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…
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…
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…
Swedish wind farm development company Vattenfall has hired Norwegian Geotechnical Institute (NGI) to provide monitoring services for the Kriegers Flak offshore wind farm being built in the Baltic Sea, offshore Denmark.NGI will provide design…
French oil major Total has agreed with Odfjell Drilling to keep the Deepsea Stavanger offshore drilling rig idle for a while due to the COVID-19 situation.Odfjell Drilling's semi-submersible drilling unit has a contract with Total to drill this year in South Africa…
Wind turbine maker Siemens Gamesa has unveiled a new SG 14-222 DD offshore Direct Drive wind turbine with 14-megawatt (MW) capacity.The capacity can reach up to 15 MW using the company’s Power Boost function. The turbine will have a 222-meter diameter rotor…
Five people were injured earlier this month while working on the Seaway Heavy Lifting's Seaway Strashnov installation vessel on the Triton Knoll offshore wind farm project in the UK.This was confirmed to Offshore Engineer by innogy, the operator of the offshore wind development…