Offshore Activity - page 9

 

U.S. Coast Guard Medevacs Offshore Vessel Crewmember with Heart Attack Symptoms

Jul 15, 2022

A 52-year-old man was medevaced Thursday from an offshore supply vessel about 36 miles southeast of Grande Isle, Louisiana.Watchstanders at Coast Guard Sector New Orleans received a call stating a crewmember aboard the offshore supply vessel…

Indonesia Set to Miss 2022 Oil and Gas Lifting Targets

Jul 15, 2022

Indonesia's oil and gas lifting in the first half was below expectations due to disruption in some facilities and delayed projects, putting it on course to miss full-year 2022 targets, officials at upstream regulator SKK Migas said on Friday…

New Crewing Mandate Could Be a 'Gut Punch' to U.S. Offshore Wind Projects

Jul 15, 2022

The U.S. House has this week passed the National Defense Authorization Act (NDAA), in which it attached a provision that would change rules for manning offshore vessels in U.S. waters, with the goal of fostering American jobs in the U.S. offshore wind sector…

Banks to Mop Up New Saipem Shares for 592M Euros after Cash Call

Jul 15, 2022

A pool of banks will have to buy shares worth almost 600 million euros in Saipem SPMI.MI after a cash call by the Italian energy services firm fell short of the 2 billion euro target it was seeking from investors to shore-up its finances.Saipem on…

Ex-BP Upstream Head to Become APA Chairman

Jul 15, 2022

Oil and gas company APA Corporation has elected Lamar McKay as the next chairman of the board. McKay's election follows the announcement by current chairman John E. Lowe of his decision to retire. Following a transition period, the change will be effective Sept…

EU Eyes Increased Imports of Azeri Gas in Pivot Away from Russia

Jul 15, 2022

The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…

U.S. Oil Mergers Drop to $12 Billion as Volatility Limits Deals

Jul 15, 2022

U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…

Shell Wants to Share More of its Blockbuster Profits with Shareholders, CEO says

Jul 14, 2022

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday…

Wartsila to Slash Up to 450 Jobs in Italy

Jul 14, 2022

Wartsila  will scale down its manufacturing in Trieste, Italy, in a move that might involve about 450 job cuts, the Finnish engineering group said on Thursday.Wartsila said it plans to centralize its 4-stroke engine manufacturing in Vaasa, Finland…

Hezbollah: 'No one' will Extract Gas From Maritime Zones if Lebanon Unable To do So

Jul 14, 2022

The head of powerful armed group Hezbollah warned on Wednesday that 'no one' would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its 'rights' in extracting from areas off of its own coast.'If you don't give us the rights that our state is asking for…

Reach Subsea Takes Volstad's Deep Cygnus Vessel on a 4-year Charter

Jul 14, 2022

Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The vessel will be equipped with launch and recovery systems (LARS) and ROVs before the delivery to Reach Subsea…

Eidesvik Offshore Subsea Viking to Stay Busy Until Year End

Jul 14, 2022

Norwegian offshore vessel operator Eidesvik Offshore has won a contract with an undisclosed client for the Subsea Viking multi-purpose support vessel.The new contract for the 1999-built vessel will start in the third quarter of 2022 in direct continuation of the current contract…

Nord Stream 1 Pipeline Future Depends on Gas Demand and Sanctions, Russia Says

Jul 14, 2022

Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the future of the Nord Stream 1 gas pipeline to Germany would depend on gas demand in Europe and Western sanctions against Russia.The pipeline from Russia to Germany is undergoing annual maintenance until July 21…

Wartsila Steps Up Green Fuel Push with Methanol-powered Ship

Jul 14, 2022

Marine and energy equipment maker Wartsila will roll out its first methanol-powered engine in a new ship next year as the group accelerates green fuel technology options for shipping, a company executive said.With about 90% of world trade transported by sea…

VAALCO, TransGlobe Set to Merge

Jul 14, 2022

Africa-focused oil and gas company VAALCO Energy has agreed to merge with TransGlobe Energy Corporation in a deal that will see VAALCO acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million…

Current News

Eni Buys Exmar's Tango FLNG for Use in the Congo

Eni Buys Exmar's Tango FLNG for Use in the Congo

Russia Ups Stakes in Sakhalin Energy Standoff in Sanctions Retaliation

Russia Ups Stakes in Sakhalin Energy Standoff in Sanctions Retaliation

SBM Orders Seventh Fast4Ward Hull

SBM Orders Seventh Fast4Ward Hull

Equinor Makes Move on Rosebank

Equinor Makes Move on Rosebank

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