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The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

Feb 24, 2021

Six oil and gas operators in The Netherlands, within the Nextep partnership, are working on a major campaign to decommission oil and gas wells as part of a single campaign. Nexstep, the Dutch association for decommissioning and reuse of oil and gas infrastructure…

GC Rieber's 'Polar Onyx' Set to Return to North Sea Region after Years in W. Africa

Feb 24, 2021

Norwegian offshore vessel company GC Rieber Shipping has won a new contract for its Polar Onyx SURF/subsea construction vessel, just days after it was announced that DeepOcean had extended the charter for the same vessel.In a statement on Wednesday…

Romania: BSOG to Start Gas Production from $600M Black Sea Project in November

Feb 24, 2021

Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…

PTTEP Finds More Gas Offshore Malaysia

Feb 24, 2021

Thai oil and gas company PTTEP has made a gas discovery at the Dokong-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, offshore Sarawak, Malaysia.PTTEP is the operator of the block with an 80 percent stake…

Saudi Aramco Orders Offshore Modules for Marjan Field from Lamprell

Feb 24, 2021

UAE-based energy industry facilities construction company Lamprell has won a 'large' contract to deliver offshore facilities and subsea components for Saudi Aramco's giant Marjan field. Lamprell defines a 'large contract' as between $51 and $150 million…

First Ever Jones Act Offshore Wind Turbine Installation Vessel to be Classed by ABS

Feb 24, 2021

Maritime and offshore classification society American Bureau of Shipping (ABS) will class the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV), seen as a key vessel for the development of the U.S. offshore wind industry…

Petronas Strikes Oil Offshore Indonesia

Feb 24, 2021

Malaysian oil company Petronas said Wednesday it had made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java,  Indonesia. Petronas' subsidiary PC North Madura II Ltd…

Israel: TechnipFMC Wins More Karish Work

Feb 24, 2021

Oilfield services giant TechnipFMC has secured more offshore oil and gas work with the oil and gas company Energean.After it in March 2018 received a $1.36 billion EPCI contract from Energean to supply an FPSO for the Tanin/Karish gas fields offshore Israel…

Petrobras Board Calls for Meeting to Oust CEO

Feb 24, 2021

The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.In a statement, Petroleo Brasileiro SA, as the company is officially known…

Oxy CEO: Low-carbon Business Earnings Could Match Oil

Feb 24, 2021

Occidental Petroleum Corp expects its low-carbon business to generate earnings equal to its oil and gas production business in the coming decades, Chief Executive Vicki Hollub told analysts on Tuesday.Occidental has been an early mover among U…

Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

Feb 24, 2021

Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters…

Subsea LiDar Specialist Ventures into Offshore Geophysical Survey Business

Feb 23, 2021

3D at Depth, a company specializing in commercial Subsea LiDAR (SL) laser technology, and a provider of underwater survey services and 3D data solutions, on Tuesday announced the launch of its offshore Geophysical Survey Services division. According to 3D at Depth…

Transocean Posts 4Q Net Loss. Revenue Drops

Feb 23, 2021

Offshore drilling contractor Transocean reported a net loss attributable to controlling interest of $37 million for the fourth quarter of 2020.For comparison, for the fourth quarter of 2019, the company's net loss attributable to controlling interest was $51 million…

Floating Offshore Wind: The Next Big Thing for Asia Pacific?

Feb 23, 2021

Floating offshore wind, despite the currently low installed capacity, could be the next frontier in wind power development in the Asia Pacific with almost limitless potential, says Wood Mackenzie, adding the total investment in the sector could be worth US$58 billion…

UK-based Enermech Eyes Oil & Gas Work in Mozambique

Feb 23, 2021

Aberdeen-based energy industry services company EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.In his new role, Enermech said…

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