The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said.Ben van Beurden told an online interview with IHS Markit Chairman…
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020…
The United States this week hardened its position on the South China Sea, where it has accused China of attempting to build a 'maritime empire' in the potentially energy-rich waters, despite regional concerns.The rivals have accused each other…
Marine robotics company Ocean Infinity has completed its survey project for ExxonMobil, within the enormous Stabroek block offshore Guyana, where the oil giant has over the recent few years discovered more than 8 billion barrels of oil.The project…
UK-focused oil and gas company Hurricane Energy has terminated the contract for Transocean's Paul B. Loyd Jr. semi-submersible drilling rig.In its fleet status report issued on Wednesday, Transocean said that Hurricane Energy had terminated…
British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.'Whilst…
Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country's crude stocks.Brent crude fell 33 cents…
Wind turbine maker Siemens Gamesa Renewable Energy will maintain offshore wind turbines at Trianel Windpark Borkum II (TWB II) wind farm, offshore Germany, under a five-year contract.SGRE said It is the first time for Siemens Gamesa to win an…
Offshore installation specialist Subsea 7 has won a deal for the installation of the subsea cable system on an offshore wind farm project in Taiwan. Subsea 7 did not say who the client was, but said the contract was a sizeable one, which means it is worth between $50 million and $150 million…
Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
Australia's FAR Ltd said on Thursday it has received a 'good level of interest' in the sale of its 15% stake in the $4.2 billion Sangomar oil and gas project being developed off Senegal.FAR said in March it had failed to secure debt to fund…
InterDam and Van Dam, the two Dutch firms specializing in manufacturing fire and explosion resistant products, have agreed to merge and continue under one name - InterDam.The deal was agreed on Tuesday, July 14, 2020. The integration of both…
U.S. energy regulators on Wednesday granted Delfin LNG a second one-year extension until September 2021 to build its proposed floating liquefied natural gas export facility off the coast of Louisiana.Delfin is one of several North American LNG…
Offshore drilling contractor Transocean has confirmed that its under-construction drillship Deepwater Atlas is expected to drill at the Shenandoah project in the Gulf of Mexico.To remind, Navitas, a partner in the project, said earlier in July…
Crew kidnappings and violent attacks on vessels in the oil-rich West Africa region have soared in 2020, with 77 seafarers taken hostage or kidnapped for ransom since January, according to the ICC International Maritime Bureau’s (IMB) latest piracy report…
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