Latest News

 

Gallery: Giant Crane Vessel Lifts Snorre A Module

few minutes ago

World's largest semi-submersible crane vessel Sleipnir on Saturday picked up a module for Equinor's Snorre A platform from the quayside at Aibel's yard in Haugesund by the world's largest crane lifting vessel.The 220-meter long and 102-meter…

Layoffs, Furloughs at Magseis Fairfield

few minutes ago

Magseis Fairfield, a company specializing in Ocean Bottom Node (OBN) offshore surveys, has announced cost-cutting measures which will include layoffs and furloughs.Citing increased market uncertainty due to the coronavirus and lower oil prices…

Iran's South Pars Field Tops 700 MCM/Day Output

few minutes ago

Daily gas production at Iran's South Pars field reached more than 700 million cubic meters (mcm) per day in the last Iranian calendar year, the head of the Pars Oil and Gas Company (POGC) said on Sunday, according to the official IRNA news agency…

North Sea FPSO Shut Down Due to Coronavirus Case Aboard

1 hour ago

Production from the Hummingbird Spirit FPSO operating at the Chestnut field in the UK sector of the North Sea has been shut down after a coronavirus case has been confirmed aboard.It is understood that there has been one confirmed case, and…

Havila Shipping Reaches Debt Restructuring Deal

2 hours ago

Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. At January 1, 2020, Havila's outstanding debt was NOK 4,222 million (around $410 million), which…

Exxon Cuts Spending by $10B

2 hours ago

Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by $10 billion as the coronavirus pandemic saps energy demand and oil prices…

Global Petroleum in Offshore Namibia 'Data for Equity' Deal

3 hours ago

Oil company Global Petroleum has exchanged part of its stake in offshore Namibia Block, 2011A (PEL0094), with NAMCOR, for a right to get access to pre-existing 3D seismic data over the block.'This key data, acquired by previous licensees in 2010…

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

3 hours ago

Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources with knowledge of the matter said on Tuesday.The North Sea grades bought included Balder…

Ithaca Cuts Spending. Cashflow Buoyant Even at $1 a Barrel

4 hours ago

Delek's British North Sea oil and gas producer Ithaca Energy will cut spending by about half to $120 million this year, it said on Tuesday, adding that cashflow remains strong in spite of a recent slump in oil prices.Ithaca, which its owner has said could list on the London stock market this year…

BP Terminates Senegal/Mauritania Survey Deal with EMGS

5 hours ago

British oil major BP has terminated the contract with the Norwegian offshore survey company EMGS for a survey in Senegal and Mauritania, where it operates the Tortue Ahmeyim offshore development. As previously reported, EMGS had mobilized its Atlantic Guardian vessel…

Australia: Shell Postpones Crux Project FID

6 hours ago

Royal Dutch Shell said on Tuesday its Australian unit and joint venture partners had decided to delay a final investment decision (FID) on the Crux gas project in offshore Australia that was initially planned for 2020.The Crux project is one…

Ramboll to Design Foundations for Japan Offshore Wind Farm

6 hours ago

Danish engineering company Ramboll has signed a contract with Japanese construction company Obayashi Corporation for the design of offshore wind farm foundations.“There is a giant potential for Ramboll in Japan. At the same time, however, the…

Total Sells Brunei, Sierra Leone, and Liberia Assets for $400M+

6 hours ago

French oil firm Total has said it has sold assets in Brunei, Liberia, and Sierra Leone for more than $400 million, as part of its plan to divest $5B worth of assets in 2019-2020 period.The divestments announced Tuesday include non-core assets…

Wintershall Dea Discovers Oil at Bergknapp Prospect Off Norway

7 hours ago

Wintershall Dea Norge has made an oil discovery at the Bergknapp prospect in the Norwegian Sea, offshore Norway.The wildcat well 6406/3-10 (as it is formally named) is located in the production license 836 S, about eight kilometers west of the…

ABB Accelerates Remote Connectivity Rollout

Apr 06, 2020

Technology comany ABB said it has expedited the rollout of and access to its remote service tools and digital solutions across critical industry as companies around the world find new ways to maintain operations throughout the coronavirus crisis…

Current News

Gallery: Giant Crane Vessel Lifts Snorre A Module

Gallery: Giant Crane Vessel Lifts Snorre A Module

Layoffs, Furloughs at Magseis Fairfield

Layoffs, Furloughs at Magseis Fairfield

Iran's South Pars Field Tops 700 MCM/Day Output

Iran's South Pars Field Tops 700 MCM/Day Output

North Sea FPSO Shut Down Due to Coronavirus Case Aboard

North Sea FPSO Shut Down Due to Coronavirus Case Aboard

Subscribe for OE Digital E‑News

Offshore Engineer Magazine