Dutch offshore contractor Van Oord has won a contract for installation and transportation of components for the offshore wind farm development in the Bay of Saint-Brieuc, France.Under the contract awarded by the wind farm developer Ailes Marines…
UK-based oilfield services company Petrofac has said that its Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million. Both awards come with options to extend beyond the initial term…
Leading wind turbine maker Vestas posted an unexpected first-quarter operating loss despite strong sales and a healthy order book, weighed down by project delays as well as higher costs that were partly down to the COVID-19 pandemic.But the…
Aker BP will cut its quarterly dividend payments by two-thirds due to the COVID-19 pandemic and the plunge in crude prices, the Norwegian oil firm said on Wednesday after reporting a better-than-expected first-quarter core profit.Earnings before interest…
Wind turbines maker and service provider Siemens Gamesa has said its January-March quarter performance was affected by the COVID-19 pandemic on its operations and commercial activity, but assured that the long-term prospects for the industry and the company remain sound…
Offshore jack-up rig company Seafox has increased its ownership in rival and takeover target Gulf Marine Services to 16.39 percent by acquiring 9,38 million shares in GMS on the market at a price of 10 pence per share on Tuesday.The Dutch company also made a 'no increase' statement…
Equinor will shut down its Melkoyea liquefied natural gas (LNG) plant for two weeks of maintenance in the second half of May, the Norwegian oil and gas company said on Wednesday.The shutdown of the plant, also called Hammerfest LNG, which liquefies…
Nigeria will not hold 'substantive' oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said…
Offshore services provider Oceaneering has said that its Remotely Operated Survey (ROS) group has completed an Integrated Rig Services campaign Apache.Oceaneering was contracted by Apache Corp. in June 2019 to provide Integrated Rig Services on the Noble Sam Croft drillship…
Bursa Malaysia-listed oil and gas firm Hibiscus Petroleum has signed agreements with global oil trader Trafigura for crude offtake and for future financing.The agreements include potential future offtake of crude oil by Trafigura from assets owned/projects undertaken by Hibiscus…
Franco-American oil services company TechnipFMC plans to cut up to 700 jobs across its sites in Norway due to the turbulent oil market situation, a spokesman for the company said on Tuesday.TechnipFMC, whose customers include major oil companies…
Offshore cable specialist Nexans has extended the charter for the construction support vessel Polar King.News of the extension was shared on Tuesday by GC Rieber Shipping, the owner of the vessel. According to GC Rieber Shipping, Nexans Skagerrak…
Oil and gas operator Spirit Energy has awarded a long-term offshore crew transfer contract to Belgium-based helicopter operator NHV.NHV said Tuesday the contract was for the provision of transfer services in support of Spirit Energy's East Irish Sea operations…
Malaysia's offshore vessel provider Alam Maritim has won a contract with Sapura OMV Upstream.Alam Maritim said Monday that the contract awarded by the oil and gas company was for the provision of underwater services.The value of the contract is around RM6…
A consortium led by Spain's Repsol including Germany's Wintershall DEA and Thailand's PTTEP have discovered two deepwater oil fields in the Gulf of Mexico, the companies said on Monday.Mexican President Andres Manuel Lopez Obrador has slammed…
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