Offshore engineering and construction company McDermott has successfully completed its restructuring process after filing for bankruptcy in January to restructure its $4.6 billion debt.The company said Wednesday its balance sheet restructuring equitized nearly all of McDermott's $4…
Norwegian energy giant Equinor has been given regulator approval to extend the producing life of Åsgard C Floating Storage and Offloading unit in the Norwegian Sea.Under the approval granted this week by the Petroleum Safety Authority Norway…
Israeli conglomerate Delek Group swung to a big first-quarter loss as a fall in oil prices brought an impairment at its North Sea operations, Ithaca Energy.Delek has been hard hit by the global coronavirus crisis and a drop in oil prices and…
With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging…
Offshore helicopter transportation services provider NHV Group will fly Shell and NAM workers to North Sea facilities under a long-term contract starting Wednesday, July 1, 2020.Belgium-based helicopter company has won the three-year contract with Shell UK & NAM…
Dutch offshore geo-data specialist Fugro will deploy remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.Under the contract awarded by oil and gas company Neptune Energy, Fugro will…
Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…
Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…
Shearwater GeoServices has won a contract for offshore survey work in India, with Oil India Limited.The project for Oil India Ltd. is a combined 3D and 2D towed streamer seismic acquisition- and processing contract in the Andaman Sea and Kerala-Konkan coastal waters offshore India…
Oslo-listed offshore vessel owner Eidesvik Offshore has won a contract with Aker BP to manage two supply vessels in operation on the Norwegian continental shelf (“NCS”).'NS Orla and NS Frayja are the vessels that will be operated by Eidesvik…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
Norwegian seismic survey company Shearwater GeoServices has received an award by the French seismic data company CGG for the Brazil Nebula survey extension.'We are pleased to see this award by CGG and look forward to continuing the work by Shearwater crews in Brazil…
Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…
Italian energy company Eni has chartered Vantage Drilling's Topaz Driller jack-up drilling rig for drilling operations in the Adriatic Sea, offshore Montenegro.Under the contract announced by Vantage on Tuesday, the 2009-built Topaz Driller will provide drilling services for 180 days…
Oslo-listed offshore installation giant Subsea 7 will be responsible for the delivery and installation of subsea pipelines and umbilicals at Aker BP's recently sanctioned Hod field development project, in the North Sea offshore Norway.Aker BP…
Subscribe
