Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…
Custom-fabricated structural bearings are being introduced by Hercules Engineering for extremely high stress applications in structures requiring outstanding load-bearing performance, even in compact or wet spaces in applications such as ports loaders…
Norway-based Henriksen Hooks said its new Liferaft Release Hook into full production following completion of a prolonged testing program.Now available globally, the new crane hook has been especially developed for launching inflated liferafts…
Dutch offshore services company Fugro announced its chief financial officer (CFO) Paul Verhagen has decided to leave the company.Verhagen, who joined Fugro as CFO and member of the Board of Management in 2014, will step down after the annual meeting of shareholders on April 22…
Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals…
Premier Oil shareholders on Tuesday voted in favor of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.'Shareholder approval for the Transaction has now been received…
France-based seismic data company CGG has said that its Satellite Mapping group recently completed a high-resolution hydrocarbon seeps study commissioned by the Norwegian Petroleum Directorate (NPD). The aim of the study was to increase petroleum…
Danish offshore wind farm vessel provider Ziton has secured a contract for the Wind Enterprise jack-up vessel with the wind turbine maker Siemens Gamesa.According to Ziton's statement on Tuesday, Siemens Gamesa has, through a tender, selected…
MENCK, a specialist hydraulic piledriving solutions provider, has signed a contract with Seaway 7, the renewables business unit of Subsea 7, to provide a hydraulic hammer for an offshore wind project in the Netherlands.MENCK, part of offshore services provider Acteon…
Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the coronavirus crisis drove down fuel demand and prices.Oil and gas workers are still among the highest paid in the world…
Louis Dreyfus Armateurs and Tidal Transit have signed a contract for another Crew Transfer Vessel for the Saint-Nazaire offshore wind farm, offshore France. The wind farm site is owned by Eolien Maritime France SAS.The order follows a similar order signed in December 2020…
Well integrity and production optimization firm Coretrax, has marked the first deployment of its expandable liner technology in Norway since acquiring Mohawk Energy.'The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases…
At the SMM Hamburg's Offshore Dialogue online conference on February 2, international experts will discuss current trends in the offshore wind farms segment, technical challenges facing tidal and wave energy conversion, and innovative ocean monitoring technologies…
Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…
International offshore wind consultancy firm OWC has appointed Tom Whittle to its newly created role of Asia Pacific regional director.In 2018, OWC, an independent consultant offering project development services, owner’s engineering and technical due diligence to the offshore renewables sector…
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