Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250 million in the previous year, the British firm said on Thursday, adding it aimed to reduce its debt pile to potentially less than $2 billion by year-end…
Petroleum production costs on the Norwegian continental shelf rose in 2018 after falling for three consecutive years, state-owned oil firm Petoro said on Thursday.Cost cuts were high on oil firms' agenda following a sharp fall in crude prices in 2014…
Plans to construct a U.S. floating liquefied natural gas (FLNG) vessel in China, which may also provide funding and buy part of its output, are moving ahead despite trade tension between the countries, an executive at one of the partners said on Thursday…
Subsea engineering, construction and services company, Subsea 7 has added yet one more feather in its Africa offshore cap after winning an engineering studies contract with a possibility of extending it to engineering, procurement, construction…
The solutions provider of the offshore renewable industry, Green Marine has expanded its fleet by recently purchasing a Damen Twin Axe 26m long CTV named the “Green Storm”.The vessel will focus on servicing the Offshore Wind industry, providing…
The UK's offshore trade union RMT has raised concerns over the impact on workers from today's Government offshore wind energy strategy.RMT General Secretary, Mick Cash said: “RMT is concerned that the offshore wind industry has already adopted…
UK company Specialist Marine Consultants (SMC) has completed a full inspection of Seajacks’ self-propelled jack-up vessel, Zaratan, ahead of her deployment to Taiwan in the coming weeks.Both SMC and Seajacks have a keen interest in Taiwan’s offshore wind market…
Gunnar Groebler, Senior Vice President, Business Area Wind at Vattenfall, has been named chairman of WindEurope’s board of directors.Groebler will replace RES CEO Ivor Catto and will serve an 18-month term. Nordex’s Tony Adams becomes the association’s new vice chair…
Aberdeen-based oil well technology firm Plexus Holdings said its Russian licensee Gusar had clinched its first major contract to supply gas exploration equipment to Gazprom.The contract covered the first year of an up to five-year jack-up gas exploration drilling programme on the Kara Sea Shelf…
International offshore services company, Telford Offshore, has unwound the share trust originally set up when it was formed via a corporate restructuring in February 2018.The 2018 restructuring brought the first four of Telford Offshore’s DP3…
Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official gazette on Wednesday.Petrobras has a 70 percent stake in the field, while Chevron has a 30 percent stake…
Dutch supplier Seatec said it has been awarded a contract for the design and delivery of four subsea pump systems.The comany said all four systems will be fitted with special hydraulic motor, remotely operated underwater vehicle (ROV) release and various electrical sensors plus valves…
The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…
A new synthetic aperture sonar (SAS) unveiled this week by Kraken Robotics Inc. is designed to provide ultra high definition seabed mapping with superior area coverage rates, according to the developer.'Kraken’s latest development, the AquaPix MINSAS-240 sensor…
Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…
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