Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.The U.S. oil producer is trying to shed nearly…
From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday…
Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month.The EU's executive Commission plans to publish its hydrogen strategy on July 8…
Crane specialist Liebherr has shared images of the recent loading of the first monopiles in Rostock, Germany, for the Danish offshore wind farm 'Kriegers Flak.'The wind farm, located south of the Danish coast, and being developed by Vattenfall…
The Haven Seariser 2 jack-up vessel will soon be at work at nearshore area between Redcar and Marske-by-the-Sea in the UK to carry out a six-month offshore site investigation by service provider Fugro for Innogy's Sofia offshore wind farm.'The…
Australian oil and gas company Far has signed new Joint Operating Agreements with Petronas related to the A2 and A5 offshore blocks in The Republic of The Gambia.This follows the granting of new licenses for those blocks by the country's government effective October 1…
U.S. energy companies slammed the brakes on returning staff to their Houston offices as COVID-19 cases soared and top hospitals warned they could soon run out of beds for the most severely ill patients.A record number of new illnesses in Texas…
Freight forwarding and project logistics solutions provider deugro has named Jessica Hutchison as Vice President Global Key Accounts – Oil & Gas Logistics.She is responsible for managing and developing deugro’s portfolio of global key accounts within the Oilfield Services division…
Dutch shipbuilding group Kooiman Marine has completed the conversion of Van Stee Offshore's new Multi-Purpose DP-2 Support Vessel Zwerver I.Kooiman Marine said Wednesday that the final work on the vessel has been completed and the “Zwerver I” is ready to be deployed…
Russian shipping company Sovcomflot will not redeliver the Vyacheslav Tikhonov seismic vessel to Polarcus early, as previously planned.The vessel is owned by the seismic acquisition specialist Polarcus, but has since 2011 been with Sovcomflot…
Japan's industry ministry on Wednesday launched a bidding process to select an operator for the 21 megawatt (MW) Goto offshore wind power project in Nagasaki, southern Japan, marking its first auction under a new law to promote the sector.The…
Subsea services firm Cortez Subsea has won a contract with Repsol to provide a subsea inspection management system (SIMS) offshore Malaysia.The UK-based company said the five-year contract was worth a six-figure sum. Cortez Subsea will deliver…
Offshore construction company Lamprell has won a firm order to deliver substructures for Seagreen - the giant offshore wind farm being developed offshore Scotland.Lamprell, based in UAE, had earlier this month received a letter of award from…
Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.Minister of petroleum and energy Tina Bru said on Wednesday the expansion was needed to protect jobs and generate wealth…
Oil and gas company Neptune Energy has completed the removal of three platforms from the Dutch sector of the North Sea with the help of the Dutch offshore contractor Boskalis.The platforms, L10-C, L10-D, and L10-G, had been in production for four decades before ceasing production in 2016…
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