The article was updated to include a statement by a Deme spokesperson who said that the Orion delivery would be delayed following the accident.Following last week's crane collapse on offshore installation vessel Orion at Liebherr's yard in Rostock in Germany…
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…
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…
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…
Norwegian oil firm Equinor is offering to sell its remaining 4.88% stake in Swedish competitor Lundin Energy, bookrunners Morgan Stanley and SpareBank 1 Markets said in a statement on Tuesday.Equinor's sale of up to 14 million shares follows…
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…
Oil and gas company Hilcorp has received permission from the U.S. Bureau of Ocean Energy Management to carry out a geohazards survey in the federal waters of Cook Inlet, off the coast of Southcentral Alaska. The area to be surveyed is in lower Cook Inlet…
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…
French energy major Total promised to pay a steady cash dividend and said it can break even with low oil prices after the impact of the coronavirus outbreak and a collapse in fuel demand led to a 35% first-quarter profit fall.It also raised its climate ambitions…
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…
IEV, an asset integrity services provider to the oil and gas industry, has won a contract to provide advanced inspection solutions for an oil company in Malaysia.Singapore-based IEV said Monday it had won the contract through its 49%-owned associate…
Eni has not found oil at its Ehecatl-1 exploration well in Block 7, offshore Mexico, Cairn, a partner in the project has said.Cairn said on Tuesday operations had been completed at the Eni-operated Ehecatl-1 exploration well in the Sureste Basin…
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