Offshore Engineer Industry News News - page 66

 

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

Apr 03, 2020

Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low…

Lekoil Cuts Costs, Staff. Otakikpo Output Unaffected

Apr 03, 2020

Nigeria-focused oil company Lekoil has said it will reduce workforce numbers as part of the 'immediate and accelerated' implementation of the company's general and administrative ('G&A') cost reduction measures. 'These measures are targeting an annual reduction of US$8…

Energean Power FPSO Hull Leaves China

Apr 03, 2020

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore…

Offshore Technology Conference (OTC) 2020 Canceled

Apr 02, 2020

The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic.'While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge…

Woodside Gets OK for Scarborough Proposal

Apr 02, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved Woodside's offshore project proposal (OPP) from for the development of the Scarborough gas fields off northern Western Australia.The OPP is the primary Commonwealth environmental…

Centrica Pauses Spirit Energy Sale, Scraps Dividend. Shares Hit Record Low

Apr 02, 2020

Britain's largest energy supplier Centrica canceled its 2019 dividend and cut costs in anticipation of an increase in nonpayments by customers and a drop in demand due to the COVID-19 outbreak, sending its shares to record lows.The government…

Vattenfall Pulls Out of Dutch Offshore Wind Tender

Apr 02, 2020

Swedish utility Vattenfall will not take part in a Dutch tender for a 700 megawatt (MW) offshore wind farm in the North Sea because of the uncertainty created by the coronavirus pandemic, the state-owned firm said on Thursday.Vattenfall won…

OGUK Asks Gov't to Save Oil Service Companies

Apr 02, 2020

Britain's oil and gas industry body OGUK has asked the government to adapt the financial aid schemes offered in the wake of the coronavirus crisis so as to cover dozens of oil service companies which would otherwise not qualify.OGUK called on the government last month to help it survive…

Hornbeck Offshore to File Chapter 11

Apr 02, 2020

U.S.-based offshore vessel owner Hornbeck Offshore Services announced it will file chapter 11 after defaulting on payment obligations.The New York-listed company said in an SEC filing that it has reached an agreement with lenders and holders of the company’s unsecured 5…

Nigeria Tells Oil and Gas Firms to Cut Staff in Covid-19 Fight

Apr 02, 2020

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures to stem the spread of the coronavirus.'All operators and their contractors are…

Petronas Charters Alam Maritim AHTS

Apr 02, 2020

Malaysia's offshore vessel provider Alam Maritim has won a new work order from Petronas for the supply of an anchor handling tug supply vessel.While Alam announced the contract award on Thursday, the charter started on February 11, 2020.Alam…

Viking Aviation Suits for Serica Offshore Crews

Apr 02, 2020

Danish safety product manufacturer Viking has won a three-year contract to supply personal protective equipment (PPE) to Serica Energy.Viking said Thursday it would work with Babcock Offshore to deliver aviation suits for the Serica crew in the UK sector of the North Sea…

Covid-19: Boskalis Stops Crew Changes, Cuts Spending

Apr 02, 2020

Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday.The company said that, while its workers work from home where possible…

Brazil's ANP Suspends Oil, Gas Bidding Rounds Due to Coronavirus

Apr 02, 2020

Brazil's oil and gas regulator ANP on Wednesday approved the temporary suspension of the 17th round of auction bids for exploration and production rights planned for this year due to the coronavirus health crisis.In a press release, the ANP…

TechnipFMC Cuts 2020 Capex by 30%

Apr 01, 2020

Franco-American oil services firm TechnipFMC Plc said on Wednesday it will cut its planned capital expenditures for 2020 by 30% to $300 million in response to current oil market conditions.TechnipFMC said it was taking decisive action to address…

Current News

Guyana Nears Deal with Exxon for Payara Project

Guyana Nears Deal with Exxon for Payara Project

Canada Commits Nearly $240 Mln to Aid Offshore Oil Industry

Canada Commits Nearly $240 Mln to Aid Offshore Oil Industry

Petrobras Eyes Sale of Albacora Offshore Fields

Petrobras Eyes Sale of Albacora Offshore Fields

OHT set for Merkur Market Debut

OHT set for Merkur Market Debut

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