Brazilian oil company Petrobras is looking to sell at least half of its stake in a 698 square-kilometer pre-salt block in the Santos Basin offshore Brazil.Petrobras launched a teaser on Monday for the sale of 50% to 100% of its stake in the concession name BM-S-51…
Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks…
OPEC on Wednesday said world oil demand will fall more steeply in 2020 due to the coronavirus pandemic and said next year's recovery faces large uncertainties, pointing to growing headwinds for the group and its allies in supporting the market…
Danish wind farm developer Orsted is exploring opportunities to sell parts of its Borssele 1 and Borssele 2 offshore wind farms in the Netherlands, CEO Henrik Poulsen said in a call with investors on Wednesday.'We are exploring the potential…
Oslo-listed offshore vessel owner DOF has through its subsidiary DOF Rederi sold two offshore vessels.DOF said Wednesday it had sold the 2002-built anchor handler Skandi Giant. The AHTS unit has been sold to an unnamed international buyer for an undisclosed fee…
Oilfield services sector is set to reach the lowest total workforce count in over 10 years, as a consequence of the COVID-19 pandemic, low oil prices, and cuts in spending by the oil companies.'The oil market turmoil brought on by Covid-19 has…
Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has broken its recently set heavy lifting record with the removal of Shell's 10100 mT Brent Alpha jacket in the UK North Sea.'This single jacket lift breaks Sleipnir’s recent record for lifting the 8100 mT Jotun-B jacket…
Oslo-listed offshore drilling contractor Awilco Drilling posted a loss of $4,6 million in the second quarter of 2020, on contract revenue of $6,1 million.The offshore drilling company currently has two drilling rigs, of which one rig in operation - the semi-submersible drilling rig WilPhoenix…
Denmark's Orsted on Wednesday beat second-quarter operating profit expectations but said lockdown measures had hurt demand for its electricity.The world's largest operator of offshore wind farms said operations had remained stable during the…
Solstad Offshore's construction support vessel Normand Baltic has won an offshore wind gig in Taiwan.The Norwegian offshore vessel owner said Wednesday the contract for the use of the 2010-built Normand Baltic was with undisclosed EPIC contractor…
Danish offshore construction company Bladt has appointed Anders Søe-Jensen, the former head of both Vestas Offshore Wind and GE Offshore Wind, as its new CEO.He will be succeeding Klaus Steen Mortensen who has decided to step down due to a chronic but not a life-threatening heart condition…
A former head of Mexican state oil firm Petroleos Mexicanos (Pemex) accused of corruption has sought to blame the wrongdoing on his former boss, ex-President Enrique Pena Nieto, and a top aide, said Attorney General Alejandro Gertz on Tuesday…
Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U…
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico…
Saitec Offshore Technologies' BlueSATH floating wind platform has been installed and commissioned in its final deployment site in El Abra del Sardinero, Santander, Spain. The BlueSATH was towed from Astander's Dock Pontejos towards its destination 800 meters away off the Cantabrian coast…
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