Offshore classification and technology advisory group DNV GL has set out to test and see if Digital Twin technology and data can be trusted and if they deliver value.The Norway-based firm has thus launched an international call to oil and gas…
Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak…
Offshore accommodation rig provider Floatel International has seen its contract with Ineos FPS delayed.Floatel said Thursday that the two companies have agreed to postpone the charter for the Floatel Victory accommodation unit at the Unity platform in the UK North Sea to April 2021…
The UK-based oilfield services firm Petrofac has won more work from Repsol Sinopec Resources UK for offshore maintenance operations on oil platforms in the UK North Sea.Petrofac said Thursday it was preparing to extend its provision of operations…
Norwegian oil firm Equinor will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude prices, it said on Thursday.The first-quarter cash payout to shareholders will be $0.09 per share…
Italian oil services group Saipem said on Thursday it could not offer new guidance for the year because of the highly unstable environment created by the COVID-19 pandemic and falling oil prices.Last week the group pulled its 2020 outlook saying…
Norwegian offshore vessel operator DOF has warned that several of its vessels might be laid up after the end of their current contracts, citing lack of new work opportunities amid the oil price rout and COVID-19 pandemic effects. On a positive note…
UK-based offshore support services provider CWind has signed a long-term charter deal with Dalby Offshore for several offshore vessels that will support offshore wind farms in the UK North Sea.The deal will see CWind immediately add four new…
Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea after oil prices collapsed due to the coronavirus crisis, a company source said on Wednesday.The Anglo…
Germany-based energy firm innogy has sold its offshore installation vessel ‘Seabreeze II’ to Hong Kong-based firm SPIC Ronghe International Financial Leasing Co. Ltd. Richard Sandford, Director of Offshore Investment & Asset Management at innogy…
EnBW Baltic 2 one of Germany’s largest offshore wind farms in the Baltic Sea will soon be serviced from the Danish port of Klintholm on the island of Møn, EnBW said Tuesday. The company has so far had its service team of up to 25 people travel…
The U.S. SEC has closed its investigation into Eni over the Italian oil major's activity in Nigeria and the Congo without recommending further action, Eni said on Wednesday.'Based on the information currently available to the SEC, it is otherwise…
Norwegian oil firm Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea, which is, according to the company, three years ahead of the original plan. The Ærfugl field produces via Skarv FPSO approximately 210 km west of Sandnessjøen…
Norwegian oil and gas company Equinor has informed that its executive vice president Exploration Tim Dodson will step down as executive vice president Exploration, a role he held since 2011.In what Equinor said was a planned change to the leadership of Exploration…
Norway's oil minister reiterated on Tuesday that Western Europe's largest oil producer was soon to conclude whether to cut its output following historical curbs agreed by the OPEC+ group.Brent crude front-month contract fell to $18.10 a barrel on Tuesday…
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