Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.Oil prices have plunged by more than 60% since the start of the year…
Australian energy services company Worley has secured an extension to an existing services contract with Chevron Australia.Under the contract, engineering and procurement services will be provided to support Chevron's Australian assets, including the Gorgon project…
Norwegian offshore engineering and construction company Aker Solutions, in a joint venture with Brunei-based PTAS, has signed a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).According to Aker Solutions…
U.S. offshore installation and construction company McDermott has been awarded a pre-FEED contract for a floating production unit that will be installed at BHP's Trion deepwater oil field offshore Mexico.McDermott said the contract was a sizeable one…
The world's most powerful semi-submersible crane vessel received the largest liquefied natural gas (LNG) bunkering ever completed.On Thursday, Titan LNG performed the bunkering of Heerema's Sleipnir, using the Coral Fraseri, Anthony Veder's LNG carrier in the Port of Rotterdam…
Japanese marine contractor Penta-Ocean Construction and Belgian offshore installation specialist Deme Offshore have entered into a memorandum of understanding to cooperate in the construction of offshore wind farms in Japan. In light of recent…
Kvaerner, a Norwegian offshore engineering and construction company, has said its executive management will cut its salaries. The company has also placed 30 employees on temporary leave, with this number set to increase.This is a part of the…
Oil company Wintershall Dea has awarded Norwegian engineering firm Head Energy a contract for two well hook-ups at the Brage Platform.'This is a strategically important contract for us and a recognition of our skilled engineering team working with EPCIC offshore modification projects…
Fred. Olsen Windcarrier’s jack-up vessel Brave Tern has been awarded a contract to transport and install wind turbines selected for the Changfang and Xidao offshore wind farms (CFXD) in Taiwan.The contract for the transportation and installation of MHI Vestas Offshore V174-9…
Norway's Equinor said on Friday it will delay spring maintenance work at its Arctic liquefied natural gas (LNG) plant and five offshore platforms due to the coronavirus outbreak.Separately, Norway's gas system operator Gassco said annual maintenance…
Norway's Equinor and Canada's Husky Energy have reportedly pulled brakes on the plan to develop the Bay du Nord project offshore Canada, Reuters reported on Thursday.'Equinor and partner Husky Energy have decided to defer the Bay du Nord development…
Dutch offshore equipment and service supplier KenzFigee has established a UK subsidiary KenzFigee (UK) Ltd. citing increasing demand for its services, and the need to position its services closer to its UK clients.'Following a growing demand…
UK-Focused oil firm Jersey Oil & Gas will lead the study aimed at forming a hub to potentially develop oil discoveries made by several operators in the Greater Buchan Area in the UK North Sea.JOG said Monday has established and will lead the…
Carnarvon Petroleum, a partner in Santos-operated Dorado oil field off W. Australia, has said that work on the FEED for the Dorado development continues unabated by the recent global events.Carnarvon stressed that the spread of the COVID-19 virus and the fall in oil prices were serious matters…
Offshore engineering company expects to reduce mission-readiness time by 30% and training times by 20% through high fidelity, real-time 3D simulations.Houston-based Oceaneering International Inc. is a global leader in the subsea engineering and applied technology field…
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