Offshore Engineer Industry News News - page 2

 

Aker Solutions Sees Outlook Improving in H2 2020

Jul 15, 2020

Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.Its full-year 2020 revenue…

Keppel to Deliver Components for Two MODEC FPSOs

Jul 15, 2020

Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total.In Singapore, Keppel Shipyard will fabricate, complete…

Offshore Wind Spending Hits Record High, Despite Covid-19

Jul 14, 2020

The offshore wind industry had by far its busiest half-year ever for final investment decisions in 1H 2020, surpassing the full-year figures from 2019, according to the latest report from research company BloombergNEF (BNEF).Offshore wind financings in 1H 2020 totaled $35 billion…

Teknotherm Marine to Deliver HVAC for Østensjø's Newbuilds

Jul 14, 2020

Norwegian company Teknotherm Marine will provide the Heating, Ventilation & Air-Conditioning (HVAC) and Refrigeration systems for four offshore wind vessels currently being built in Spain.The vessels, to be built by Spanish shipyards Gondán Shipbuilders and Balenciaga Shipyard…

Poland to Merge Four Energy Groups with Aim to Make International Player

Jul 14, 2020

Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday…

Norwegian Ship Recycling Firm Takes over Kleven

Jul 14, 2020

Norway's ship recycling firm Green Yard is taking over the cash strapped Kleven Verft shipyard after the latter recently filed for bankruptcy.In a press release issued on Tuesday, and titled 'Kleven is saved!,' Kleven said that Green Yard had…

Saitec to Install Bird Monitoring System at BlueSATH

Jul 14, 2020

Floating wind turbine developer Saitec Offshore Technologies is installing bird monitoring collision risk reduction system at its BlueSATH testing project, Saitec's first offshore wind deployment in Spain.BlueSATH testing project will take place…

Woodside Expects $4.37B Loss after Asset Write-down

Jul 14, 2020

Australia's Woodside Petroleum Ltd plans to book impairments of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a coronavirus-induced slump in oil and gas prices.The bulk of the impairment - $3…

Oil Prices Drop on Demand Recovery Fears, OPEC+ Easing Expectations

Jul 14, 2020

Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting…

Aker BP Beats Q2 Forecast on Record Output, Keeps Guidance

Jul 14, 2020

Norwegian oil firm Aker BP on Tuesday beat second-quarter pretax profit expectations helped by record output and a partial reversal of impairments from the previous quarter as oil prices rose.Pretax profit fell to $151 million from $249 million a year earlier but beat a forecast of $91…

Cathie, Global Maritime Team Up to Offer Jack-Up Consultancy Services

Jul 13, 2020

Offshore geoscience and geotechnical engineering consultancy, Cathie has teamed up with marine, offshore and engineering consultancy, Global Maritime in the sphere of jack-up rig services.More specifically, the duo promises to offer a 'holistic'…

Ex-Unaoil Duo Convicted for Bribery in Iraq

Jul 13, 2020

Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials to clinch lucrative oil projects as the war-ravaged country tried to boost exports after the fall of Saddam Hussein in 2003…

Rever Offshore Wraps Electrical Diagnostics Gig for Serica in North Sea

Jul 13, 2020

UK-based subsea services provider Rever Offshore has said it has completed a contract awarded by Serica Energy for work at the Rhum field in the North Sea.Throughout the two-week campaign, Rever Offshore deployed the multi-purpose dive support and offshore construction vessel…

Taiwan: MHI Vestas to Source Fasteners and Cables Locally

Jul 13, 2020

Offshore wind turbine maker MHI Vestas Offshore Wind is further boosting Taiwan's local offshore wind supply chain with the decision to source fasteners and cables locally.The company has previously announced contracts in Taiwan for local supply of blades…

Brazil's Offshore Oil Workers Chilled by Coronavirus Outbreaks

Jul 13, 2020

On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.Another Petrobras employee fell visibly ill the following day…

Current News

Var Energi Resumes Drilling Offshore Norway Citing Positive Effect of Tax Breaks

Var Energi Resumes Drilling Offshore Norway Citing Positive Effect of Tax Breaks

Shell CEO: No V-Shaped Recovery After COVID-19

Shell CEO: No V-Shaped Recovery After COVID-19

Westwood Expects 40 FPSOs to be Ordered in 2020-2024 Period

Westwood Expects 40 FPSOs to be Ordered in 2020-2024 Period

What's Behind Rising Tensions in the South China Sea?

What's Behind Rising Tensions in the South China Sea?

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