BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits.The London-based company said that while fuel demand in Asia…
Norwegian oil company Aker BP has signed a deal with the recently established Aker Offshore Wind, to speed up the process of decarbonizing oil and gas assets and realizing offshore wind in Norway at large scale.Astrid Skarheim Onsum, Chief Executive Officer of Aker Offshore Wind…
U.S. Gulf of Mexico focused oil company LLOG on Monday reported 'continued successful drilling results' at its Spruance offshore discovery, as well as the finalization of development plans for the field. The Spruance discovery is located in…
Two crew of a Malaysian offshore support vessel died on Tuesday after their ship hit a [platform] operated by state oil firm Petronas off the state of Sarawak on Borneo island.The Dayang Topaz rammed into the Baram B oil platform after its anchor cable broke in bad weather…
Seismic survey services company Shearwater GeoServices has won a five-month contract extension for CGG’s Brazil Nebula multi-client survey.This extension-period starts in the late fourth quarter of 2020 and will be conducted by the Oceanic Sirius vessel…
Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.BP, BHP Group Ltd, Chevron Corp…
Russian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday.According to the ship tracking data…
Offshore accommodation rig provider Prosafe said Monday it has won a contract to supply one of its flotels for work with ConocoPhillips in Norway.Prosafe, which has this year seen its fleet utilization decimated due to the pandemic, said ConocoPhillips'…
The UK-based offshore drilling company Awilco Drilling on Monday said it would launch a 'wide range of cost-cutting measures,' citing a newbuild rig contract termination and delay in construction and start-up of another rig.'Awilco Drilling…
Saudi Arabia's energy minister said on Monday the world should be looking at all options to mitigate emissions of greenhouse gases in its fight against climate change, but that getting rid of oil and gas would be 'far-fetched and unrealistic'…
Singapore's Energy Market Authority (EMA) and Keppel Offshore & Marine have jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System (ESS). This project was awarded to a consortium led by Envision Digital International Pte Ltd (Envision Digital)…
Dutch offshore installation services firm Heerema Marine Contractors has installed one of the world's smallest offshore gas platforms using its Sleipnir semi-submersible crane vessel - which is the world's largest - in the Dutch sector of the North Sea…
Malaysian oil company Petronas has awarded a multi-year offshore seismic data acquisition and processing contract to a consortium comprising TGS, PGS, and WesternGeco.The multi-year contract is for the acquisition and processing of up to 105…
Norwegian oil company Equinor said Monday that its LNG plant, damaged in a fire on September 28, would be closed for up to a year for repairs.To remind, Equinor earlier this month said it expected to resume operations at the plant that processes…
Oil major BP said Monday it had, together with Eni, Equinor, Shell, Total, and National Grid, formed a partnership to develop offshore carbon dioxide (CO2) transport and storage infrastructure in the UK North Sea.'This infrastructure will…
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