Brazilian oil company Petróleo Brasileiro SA announced adjustments to a $665 million contract governing the sale of its entire stake in the Baúna oil field to Australia's Karoon Energy, according to a securities filing late on Friday.The Bauna field is in the Santos basin in the Atlantic Ocean…
Energy companies said on Friday there have been no evacuations of workers or shutdowns of production from their offshore platforms in the U.S.-regulated northern Gulf of Mexico because of Tropical Storm Hanna.Hanna reached tropical storm strength…
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a 12th week in a row, although they added one oil rig in the first weekly increase since March as a recovery in crude prices tempt some producers back to the well pad…
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…
Oil major Chevron Corp expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44% from 38% last year, the company said in a statement…
Malaysian offshore vessel operator TAS Offshore has canceled shipbuilding contracts for 16 offshore support vessels.The company had signed the contracts in the 2013-2015 period with two Chinese shipbuilders Guangzhou Hangtong Shipbuilding and Shipping Co…
ndustrial cable provider Prysmian Group has announced new organizational structure and management appointments for the Projects Business Unit - responsible for High Voltage submarine and underground cable systems for power transmission.Prysmian…
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.The company cut some 21,000 jobs amid…
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century.Earlier in July…
The construction of the upper part of the offshore substation for the Arcadis 1 Ost offshore wind farm has kicked off.The facility is being built at the former Lenin Shipyard in Gdansk, Poland. The news of the construction start was shared by Belgium’s high-voltage transmission system operator Elia…
Massachusetts' Baker-Polito administration has this week announced $1.3 million in grants to nine Massachusetts institutions and organizations to establish or expand workforce training and development programs that support the state’s emerging offshore wind industry…
China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion).Under the deal, PipeChina, known formally as China Oil and Gas Pipeline Network…
U.S. Gulf of Mexico-focused oil and gas company has informed that the Enterprise 264 jack-up rig has moved to a location near its SM58G platform offshore Louisiana.The drilling rig was last week moved to its recently installed South Marsh Island 58 G location…
Dutch offshore and subsea services firm Bluestream has won more work at the Gemini offshore wind farm in the Netherlands.In a social media post on Thursday, Blueastream said it has won a contract for the inspection of above water support structures on the Gemini wind farm off the Dutch coast…
Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated.According to Rystad Energy…
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