BP Chief Executive Bob Dudley described the United States' high-pace shale oil sector as a 'market without a brain' that, unlike Saudi Arabia and Russia, only responds to market signals.The U.S. shale oil sector, which has helped the country to become the world's biggest oil producer last year…
Workers at three of Total's North Sea oil and gas platforms will hold a series of strikes between March 11 and May 8, Britain's Unite union said on Tuesday.Unite members on the Elgin Franklin, North Alwyn and Dunbar platforms will take part in a continuous ban on overtime on March 11…
Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…
McDermott International was awarded two contracts from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.The contract includes the design, procurement, fabrication…
The offshore wind power industry continues to grow at a steady pace - over 69 GW of new offshore wind capacity is expected to be installed between 2018 and 2027, exceeding 100 GW of operating capacity by 2030.According to a new report from Navigant Research…
Global drilling and engineering contractor KCA Deutag has announced that its offshore business unit has been awarded a new drilling contract by Enquest Heather Limited for three platforms in the UK North Sea.The UK-based drilling contractor…
Lundin Norway AS, the wholly owned subsidiary of European oil and gas exploration and production company Lundin Petroleum, has completed the drilling of exploration well 7121/1-2 S, targeting the Pointer and Setter prospects in PL767 in the southern Barents Sea…
Norwegian offshore survey specialist Shearwater GeoServices has been awarded three 4D seismic surveys by Equinor to be conducted this summer.The Geoservices company said in a press release that the projects confirm Shearwater’s Isometrix crews will be active in 2019…
Offshore energy support vessel operator Seacat Services has extended the vessel inspection agreement with Specialist Marine Consultants (SMC), the health and safety advisory to the marine and energy industry.The agreement marks the second year…
Brazil's oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA.On Saturday, about 188 cubic meters of oil leaked from the offshore P-58 platform, which is located in the Campos basin…
Hung Hua Construction (HHC) of Taiwan placed an order for two of Damen’s latest fast crew supply vessel; the FCS 2710. The contract was signed at the end of January and the vessels will be built at Damen Shipyards Singapore for delivery in early 2020…
Dutch deep-sea prospector Fugro reported on Monday a 19.2 percent rise in full-year 2018 revenue to 1.65 billion euros ($1.87 billion), helped by growth across all divisions.The company met its 2018 revenue and EBIT (earnings before interest and tax) margin targets…
The European Commission said on Monday it had authorized French subsidies to four offshore wind farm projects which are aimed at testing a new way of producing electricity from wind.The EU competition regulator said in a statement that the state…
Drilling rig contractor Maersk Drilling, which will soon list on the Copenhagen stock exchange, said the offshore drilling market is improving as oil firms generate more cash and look to boost reserves.A fall in oil prices in 2014 prompted a…
Norwegian supply shipping company DOF Subsea has been awarded contracts for three remotely operated (ROV) Support Vessels (RSV) with Petroleo Brasileiro S.A. (Petrobras).All contracts have a firm duration of three years and can be extended for another two years…
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