Latest News - page 1328

 

SMD Delivers ROV to Asso.subsea

Apr 09, 2020

Greece-based Asso.subsea took delivery of an SMD Quasar 150-horsepower, 1,000-meter-rated work class remotely operated vehicle (ROV) complete with launch and recovery system (LARs).The Quasar will be installed on board Asso.subsea Astrea DP2 multipurpose service vessel to support cable laying…

ION, WesternGeco Settle Decade-Long Seismic Tech Dispute

Apr 09, 2020

Marine seismic data company ION Geophysical has said it has settled a decade-long patent litigation with WesternGeco. The litigation was related to ION's use of WesternGeco's patented technology used for lateral streamer positioning.  The companies…

Offshore Drillers to Lose $3B Due To COVID-19, Low Oil Prices

Apr 09, 2020

Offshore drillings contractors leasing drilling rigs to oil and gas companies are set to lose contracts worth $3 billion in combined revenue in 2020 and 2021, Rystad Energy said Thursday, citing the impact of the coronavirus pandemic and low oil prices…

Oil Prices Rise on Hopes OPEC+ Will Agree Supply Cuts

Apr 09, 2020

Oil prices rose on Thursday on expectations the world's leading crude producers will at a meeting later in the day overcome obstacles that have so far prevented a deal to cut output in response to a collapse in global demand.Brent crude futures were up 2%…

MHI Vestas Wind Turbines for Yurihonjo Offshore Wind Farm

Apr 09, 2020

Offshore wind turbine supplier MHI Vestas has won an order to deliver wind turbines for a wind farm project offshore of Yurihonjo city in Akita Prefecture, Japan.The contract was announced Thursday by Renova, a partner in Akita Yurihonjo Offshore Wind GK (AYOW)…

Prosafe in Talks over Flotel Contracts. Some Units Might Go Off-Hire

Apr 09, 2020

The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Apr 09, 2020

Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…

Boskalis Buys Salvage Firm Ardent Americas

Apr 09, 2020

Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas.Ardent, created by the 2015 merger of salvage divisions of Svitzer and Crowley, specializes in emergency preparedness and response…

SBM Offshore: A Number of Covid-19 Cases Confirmed on FPSO

Apr 09, 2020

Update: The article has been updated by a statement from an SBM Offshore spokespersonSBM Offshore, a floating, production, storage, and offloading (FPSO) leasing specialist, has said that a number of COVID-19 cases has been confirmed on one of its FPSOs…

3,800 Petrobras Workers Might Take Voluntary Severance Offer

Apr 09, 2020

Brazil's state-controlled oil company Petrobras aims to save 7.6 billion reais ($1.4 billion) by 2025 through voluntary buyout programs that will affect 3,800 employees, according to a securities filing on Wednesday.Petroleo Brasileiro SA, as the company is formally known…

Energean Ups Israeli Offshore Field Size Estimate

Apr 09, 2020

Eastern Mediterranean-focused gas group Energean said on Thursday a report showed its Karish North field contained around a third more gas and oil than it had previously thought.The Karish North field, according to an expert report typically used in the industry…

U.S. Promises Royalty Relief for Offshore Drilling Firms

Apr 09, 2020

The U.S. Interior Department said on Wednesday that one oil company had begun the process of requesting relief from royalty payments on its offshore production as the industry reels from slumping prices.Lawmakers representing U.S. Gulf Coast…

MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager

Apr 09, 2020

Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries…

Contract Extension for Petrojarl Knarr FPSO

Apr 09, 2020

Oil company Shell has extended the charter for Altera Infrastructure's FPSO Petrojarl Knarr FPSO, operating at the Knarr field offshore Norway.The FPSO owner, which recently rebranded from Teekay Offshore to Altera, said the extension with Shell…

EnQuest Cuts Costs Further. Lowers Breakevent to $33 a Barrel

Apr 09, 2020

British North Sea oil and gas producer EnQuest cut its operating costs by a further $40 million to $335 million from previous guidance and senior management will take a voluntary 20% pay cut to weather an oil price slump, it said on Thursday…

Current News

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