Latest News - page 1021

 

Miclyn Express Offshore Names New CEO

Sep 28, 2021

Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has appointed Darren Ang as CEO. Ang, who took over as CEO from Diederik DeBoer, has been with the company for 22 years.Prior to becoming CEO, Ang served as Deputy Chief Executive Officer…

Brent Shoots Past $80 a Barrel

Sep 28, 2021

Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory output tempered the rally.Brent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT…

German Power Usage from Renewables Falls on Lower Wind Output

Sep 28, 2021

Renewable energy's share of Germany's power consumption dropped to 43% in January-September from 48% a year earlier as wind output fell, preliminary industry data showed on Tuesday, demonstrating the impact of weather on supply security.Onshore…

BW Offshore Orders VIKING Lifeboats for Australia-bound FPSO

Sep 28, 2021

Offshore safety equipment provider VIKING has said it has won a contract with FPSO supplier BW Offshore to deliver has selected VIKING Norsafe free-fall lifeboats, daughter craft, and davits for a large FPSO project which will operate off northern Australia…

Solstad Offshore Signs Up for Inmarsat Fleet LTE for its North Sea Vessels

Sep 28, 2021

The Norwegian offshore vessel owner Solstad Offshore has signed a deal with Inmarsat for its new Fleet LTE service, which will cover the connectivity needs of multiple Solstad Offshore vessels in the North Sea.Mobile satellite communications…

Offshore Shipowner Awind Changes Name

Sep 28, 2021

Norway-based offshore shipowner Awind AS, a subsidiary of Integrated Wind Solutions AS, has changed its name to IWS Fleet. 'The name change reflects the ambitions of Integrated Wind Solutions to become a leading provider of integrated services and solutions to the offshore wind industry…

Equinor's Black Vulture Appraisal Well Disappoints

Sep 28, 2021

Norwegian oil and gas company Equinor has concluded the drilling of the Black Vulture appraisal well in the Norwegian Sea, and the well came up dry.Using Seadrill's West Hercules offshore drilling rig, Equinor drilled the well approximately…

Jadestone Energy's Montara H6 Offshore Well Starts Production

Sep 28, 2021

Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea…

Bahrain King Abolishes National Oil and Gas Authority

Sep 28, 2021

Bahrain's king issued a royal decree on Monday abolishing the National Oil and Gas Authority (NOGA), with all its functions to be undertaken by the oil ministry, the state-run Bahrain News Agency said.'All the financial appropriations allocated…

Floating Dreams: Portugal Bets on Offshore Wind, Solar Farms

Sep 28, 2021

From a colossal wind farm floating amid choppy ocean waves to hundreds of solar panels on the surface of a dammed reservoir, Portugal is exploring innovative ways to boost renewable energy.Mass use of such projects may still be too pricey, but…

DNO Makes Minor Oil Find at Gomez Prospect, Offshore Norway

Sep 28, 2021

Norwegian oil and gas operator DNO has made a minor oil discovery on the Gomez prospect in the North Sea, offshore Norway.The exploration well, located 14 kilometers east of the Ekofisk field, encountered hydrocarbons in the primary target in the Våle Formation of the Paleocene Age…

Petrofac's Bribery Case Sentencing Hearing Delayed

Sep 27, 2021

Oilfield services firm Petrofac's bribery case sentencing hearing has been postponed for Friday.As previously reported, Petrofac said Friday it would plead guilty to seven counts of failing to prevent former Petrofac group employees from offering…

BW Energy: No Formal Decision on Petrobras' Assets Buy

Sep 27, 2021

Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…

Oil Demand to Peak before 2030, TotalEnergies Says

Sep 27, 2021

Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies forecast on Monday.The French oil major - which had previously forecast the peak happening around 2030, rather than before - said its business…

Mojo Maritime Renamed

Sep 27, 2021

Offshore services company James Fisher said Monday its French subsidiary Mojo Maritime would be renamed to James Fisher Renouvelables. This comes following the launch of its dedicated offshore wind division James Fisher Renewables in March 2021…

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Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Transocean-Valaris Tie-Up to C

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