Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic.Petronas said on Monday it made a post-tax profit of 9…
Oceanteam and Bourbon have signed a deal to sell their jointly owned construction support vessel Bourbon Oceanteam 101 to an unnamed buyer.'The sellers and undisclosed buyers have entered into an NSF agreement for the sale of the vessel, the delivery of which will take place in July 2021…
Norwegian oil firm Equinor has been granted drilling permission for an exploration well in the Norwegian Sea.Equinor will use Seadrill's West Hercules semi-submersible drilling rig for the operation in the production licence 939. The well, designated well 6407/1-9 (Egyptian Vulture)…
Iran's oil output can easily reach 6.5 million barrels per day (bpd) when U.S. sanctions are lifted, Iranian Oil Minister Bijan Zanganeh said on Monday, according to the Ministry's SHANA website.Zanganeh also said an increase in Iranian oil output would boost the country's political power…
UK-based subsea research and development institute NSRI is set to become part of Subsea UK.The organization, originally set up as a focal point for subsea research and development, has been working more closely with Subsea UK for the last six…
Australian oil company FAR said Monday that it expected to complete the sale of its stake in the RSSD area offshore Senegal to Woodside in the coming weeks.FAR said Monday it had satisfied the condition precedent for the sale of its interest in the RSSD area…
Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…
Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…
Oil and gas companies Equinor and Aker BP have received drilling permits from the Norwegian Petroleum Directorate to drill wells in the Norwegian Sea and the Barents Sea, respectively.Under the NPD permit announced Friday, Aker BP will, using…
Offshore drilling company Seadrill Limited has this week appointed a new chief financial officer and a new chief operating officer, as well as announced the appointment of a new director to its board.Oslo-listed offshore drilling firm said on…
Bursa Malaysia-listed offshore vessel owner Icon Offshore has secured a contract extension for its vessel Icon Kayra with Zell Transportation.The fixed contract portion for the offshore services vessel is for 17.5 months. ZT will have further options yearly extension options for four years…
Offshore logistics service provider Opus Marine, part of Zeitfracht Group, has expanded its fleet with a new Damen Fast Crew Supplier (FCS) 2710, named Allegro at a ceremony on Thursday.The vessel will begin immediate operations, transporting technicians to wind farms offshore…
Oil and gas company TAQA said Friday it had started its first major asset removal project and one of the largest topside removal projects of its kind in the North Sea, with the removal of the Brae Bravo platform.The Brae Bravo platform, first commissioned in 1988…
Offshore wind installation company Fred. Olsen Windcarrier (FOWIC) said Friday it had over the previous two months signed three new turbine transport and installation contracts with a combined value of up to 124 million euros ($151 million)…
Following a significant contract win in Brazil, United Offshore Support GmbH (UOS) announced the expansion of its Americas business into Mexico. The Germany-based company recently secured a contract with ENI Mexico, part of Eni S.p.A, to provide…