Autonomous drones could soon be used for tank inspections on offshore installations, with data immediately analyzed by AI. This would boost safety and cut costs, as the need for scaffolding, and for technicians climbing on an into tanks for inspection would be eliminated…
Greece and Italy will sign an agreement on maritime boundaries during a visit by Italy's foreign minister to Athens on Tuesday, the Greek Foreign Affairs Ministry said.The deal follows months of tensions in the Eastern Mediterranean region over natural resources…
British oil major BP will lay off 10,000 people by the end of the year in a move to cut costs, the company's CEO Bernard Looney said in a social media post on Monday.Looney said: 'The oil price has plunged well below the level we need to turn a profit…
Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…
Norwegian oil company Aker BP has ordered the topside and steel substructure from Kvaerner for the normally unmanned wellhead platform at the Hod field. Kvaerner said the deal means that laid-off staff would return to work at its Verdal yard…
Singapore's offshore rig builder Keppel is considering taking legal action against Awilco Drilling after the drilling company on Monday said it had terminated a rig construction contract with Keppel.Awilco Drilling said Monday that its subsidiary…
Norwegian offshore seismic data firm TGS has completed an additional phase of the Santos Basin 3D Multi-Client seismic survey in Brazil. 'The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and16…
Energy companies on Monday began preparations to resume oil and gas production in the U.S. Gulf of Mexico, a day after Tropical Storm Cristobal blew through with high winds and heavy rains.Producers had evacuated 182 offshore facilities and shut in about a third of oil and gas production in U…
Norwegian offshore vessel provider Havila Shipping has said that Shell has cut the contract for the Havila Crusader platform supply vessel early.The vessel was chartered from January 18, 2020, for a period of 2 wells firm in the UK, when, according to Havila Shipping…
Currently under construction at Cheoy Lee Shipyards' Hin Lee (Zhuhai) Shipyard facility are two 27-meter wind farm support vessels (WFSV) to support operations and maintenance of the Akita and Noshiro offshore wind farms, in the Akita Prefecture region of Japan…
Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract.Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had…
Wärtsilä said it secured an order to supply its emissions abating volatile organic compounds (VOC) recovery system, together with an liquefied natural gas (LNG) fuel gas supply system, for two new 124,000 DWT shuttle tankersordered by Knutsen NYK Offshore Tankers (KNOT)…
Norway's parliament has agreed to give additional tax breaks to the oil industry on top of those proposed by the minority government in a bid to spur investment and protect jobs, the ruling Conservative Party said on Monday.Equinor and other oil firms…
U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry…
Norway's subsea pipeline repair and tie-in solutions provider Connector Subsea Solutions (CSS) has completed the acquisition fo Isotek Oil and Gas for an undisclosed fee.CSS said the purchase would bring Isotek’s remote welding technology to…
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