After 14-years at Lloyd's Register (LR), including five years as group CEO, Alastair Marsh announced that he is stepping down from his role and will retire from the Lloyd’s Register group board on December 31, 2020. LR's board said that Nick Brown…
The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, on Sunday shut its Marine Terminal operations due to the threat of Tropical Storms Marco and Laura in the Gulf of Mexico.Clovelly Hub deliveries remain normal…
GE Renewable Energy said Monday it was building the largest wind turbine rotor test rig of its kind, in Wieringerwerf, the Netherlands – on the border of the IJsselmeer, approximately 70 kilometers north of Amsterdam.The test facility is being constructed at LM Wind Power’s WMC Technology Center…
North Sea-focused provider of waste and decommissioning services Augean North Sea Services (ANSS) said Monday it had acquired the EcoCentre at Peterhead, Aberdeenshire.ANSS assists the treatment, recycling and re-use of waste material derived…
Building a versatile OSV fleet is expensive, even more expensive when your timing is wrong. Buy at the top and you can quickly find yourself exposed if the market suddenly turns, those shiny new assets depreciate rapidly, and large debts, that the (new) poor market cannot service…
Dutch FPSO leasing company SBM Offshore has agreed to take full control of the diving support and construction vessel (DSCV) SBM Installer so it can easier sell it.The vessel is owned by OS Installer, a JV company in which SBM Offshore has a 25% stake…
Turkey said on Sunday that its Oruc Reis exploration vessel will now carry out seismic surveys in a disputed part of the eastern Mediterranean until Aug. 27, in a move likely to stoke tensions in the region.Turkey and Greece, NATO allies, vehemently…
UK-focused Oil and gas company Ithaca Energy has appointed former Repsol Sinopec CEO Bill Dunnet as its new CEO. Dunnet will take over the CEO role from his predecessor Les Thomas.Dunnett is a Chartered Engineer with over 35 years experience in the oil and gas industry…
Norwegian oil and gas exploration and production seismic data company TGS has announced the deployment of 'a pioneering sparse ocean bottom node (OBN) survey' in the Atlantic Margin off the coast of mid-Norway. TGS said Monday the initial study…
Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…
Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world's largest shipping company.The case stems from an investigation…
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Exxon…
BP and Shell on Friday said they had begun evacuating offshore oil facilities as two tropical cyclones head toward the U.S Gulf of Mexico, with the already active 2020 Atlantic hurricane season heating up further.BP said it had begun the process…
A pair of tropical cyclones forecast to become hurricanes early next week are headed for the U.S. Gulf Coast and will spin over the Gulf's warm waters simultaneously, a rare weather event that could cause massive disruption as they make landfall…
'Our Fatih drillship discovered 320 billion cubic meters of natural gas reserves, thanks to the drilling in the Tuna-1 well [...]. There is no stopping and resting for us until we become a net exporter in energy,' the Turkish president Recep Tayyip Erdogan tweeted on Friday…
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