Oil companies Neptune Energy and Wintershall Dea have informed that the 740-tonne topside module for the Nova development project in the Norwegian North Sea was lifted aboard the Neptune-operated Gjøa platform.The Nova topside module was installed by the world’s largest crane vessel…
Norwegian oil and gas company Equinor has extended the contract for Island Offshore's Island Clipper platform supply vessel.Equinor and Island Offshore had in 2018 signed a three-year contract /with options to extend) for the use of the vessel both as a PSV and a walk to work vessel…
Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish OEM’s grid-connected capacity of 11…
Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' - both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited…
Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress and volatility, noting the current level of uncertainty in being able to accurately predict spending.The state-owned firm…
Gulf Marine Services, a jack-up service vessel provider, has secured a renewable energy contract with an unnamed UK offshore renewables operator, and an extension of another contract.GMS said the newly won contract was for six months (firm period…
OMV Norge, a Norwegian subsidiary of Austria's OMV, has received approval from the Petroleum Safety Authority Norway to drill at the Hades prospect in the Norwegian Sea.'We have given OMV (Norge) AS consent for exploration drilling in block 6506/11 in the Norwegian Sea…
Two U.S. associations representing interests of the country's oil and gas workers have called for the U.S. Government to 'to recommend and direct the allocation of COVID-19 test kits and quick response testing and analytical equipment to the offshore oil and gas community…
Norwegian offshore vessel owner Solstad Offshore has said it has won contracts for two of its vessels.First, the company's Brazilian flagged construction support vessel Far Saga has been awarded a contract with Petrobras in Brazil.The contract is for a period of 3 years firm…
Russian gas giant Gazprom has named a new field discovered in the Yamal gas production center '75 Years of Victory' or 75 Let Pobedy in Russian, marking 75 years since the end of World War II and the victory over Nazi Germany.Gazprom discovered…
In last month’s column, I focused on how the Covid-19 situation had affected various offshore operating regions around the globe. In this article, we shall focus on Europe, with attention paid to Norway and Solstad Offshore’s recently announced financial restructuring…
Aker ASA, a major investor in Norway's oil and oil service industries, is preparing its businesses for an extended period of low crude prices, its chief executive said on Friday'I don't expect the oil market to come into balance during the next couple of years…
Aker Energy, a Norwegian oil company focused on Ghana's offshore resources, has appointed a new CEO.Aker ASA, Aker Energy's parent company, said Friday in its first-quarter report that Håvard Garseth took over as Aker Energy's CEO in April.Prior…
China's Shanghai Waigaoqiao Shipbuilding has this month delivered the newbuild jack-up Energy Edge to its owner Northern Offshore.The delivery of the CJ-50 design jack-up drilling unit took place in Shanghai on May 2.According to previous reports…
U.S. oil major Chevron has awarded pipeline operator Williams a contract for the provision of offshore natural gas transportation services for the Anchor development in the U.S. Gulf of Mexico.Anchor, sanctioned in December 2019, is located…
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