U.S. oil major Chevron slumped to a $6.6 billion quarterly loss compared to 4Q 2019 $3.7 billion profit, citing previously announced impairments on several projects.'Included in the [4Q 2019] were previously announced upstream impairments and write-offs totaling $10…
There were 282 offshore drilling rigs actively exploring for or developing oil or natural gas worldwide in December 2019.This is an increase of 22 offshore drilling rigs compared to December 2018, according to Baker Hughes' weekly rig count report issued earlier this week…
The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet…
Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines.'SGRE is moving forward in its strategy of making…
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…
Norwegian semi-submersible accommodation vessel owner Prosafe has taken delivery of the Safe Eurus, an advanced and flexible vessel for worldwide operations excluding Norway.The Safe Eurus was delivered in May and will shortly begin mobilization…
According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies…
Belgium-based offshore helicopter operator NHV Group has joined HeliOffshore, a global organization safety-focused association for the offshore helicopter industry.Through collaboration with members, HeliOffshore is delivering an industry-wide safety program that is enhancing safety worldwide…
The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom.That’s the gist of a new report from Oslo-based, all-in-one classification society…
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The…
Norway-based subsea operations specialist Swire Seabed and compatriot provider of comprehensive ocean bottom seismic (OBS) solutions to the global oil and gas industry Seabed Solutions have signed an exclusive cooperation agreement for the provision of subsea dredging services worldwide…
Former chair and chief executive of Shell UK Sir Bob Reid is to take up a new role as non-executive director of Belltree, a specialist oil and gas consultancy based in Edinburgh. Sir Bob will advise and support Belltree with its continued growth into international markets…
Anadarko Petroleum reported today (4 October) that it has consolidated its leadership structure to align with the company’s narrower focus on its business. Mitch Ingram, formerly EVP, Global LNG, has been named EVP, International & Deepwater Operations and Project Management…
The Dresser-Rand business, part of Siemens Power and Gas Division, received an order from BP to provide rotating equipment for the Mad Dog 2 project in the deepwater Gulf of Mexico. Mad Dog 2. Image from BP…
Solstad Offshore (SOFF) signed a four-year frame agreement with Saipem (Portugal) Comercio Maritime for the Normand Cutter construction support vessel (CSV). Through this deal, Saipem can utilize the Normand Cutter to support their subsea…
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