Latest News - page 1405

 

SWORD Seafloor Rig Set for Sea Trials

Apr 13, 2020

Royal IHC, a Dutch marine equipment and vessel provider, has said that extensive tests have been completed on a new seabed geotechnical drill designed for offshore wind and oil and gas markets, and the rig will now go on seatrials before hitting the market…

Visser & Smit Hanab Wins Offshore Wind Farm Work

Apr 13, 2020

Dutch company Visser & Smit Hanab has been awarded a contract by Van Oord to carry out all array cable terminations and testing work at the Borssele III & IV offshore wind farm in the Dutch sector of the North Sea.The 77 wind turbines at the…

OPEC, Russia Approve Biggest-Ever Oil Cut to Support Prices

Apr 13, 2020

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%…

Noble Corp. Withdraws Guidance as Offshore Drilling Outlook Turns Bleak

Apr 10, 2020

Offshore drilling contractor Noble Corporation has backtracked on its 2020 guidance announced in February, citing the recent sharp decline of oil price due to the oil oversupply and drop in demand caused by COVID-19, as the reason.Noble Corp…

If OPEC+ Oil Cuts Go as Planned, Norway Could Cut Output, Too

Apr 10, 2020

Norway, Western Europe's largest oil producer, signaled on Friday it could cut its output if the deal negotiated by the so-called OPEC+ nations was implemented as planned.Norway's Minister of Petroleum and Energy Tina Bru is taking part in Friday's…

Equinor Gets OK to Use Troll B Platform Till 2030

Apr 10, 2020

Norwegian oil firm Equinor has received approval to continue using its Troll B platform in the North Sea offshore Norway, for 10 more years.The Norwegian offshore safety body PSA Norway said earlier this week it had given Equinor consent for…

TKF Cables for Kaskasi Offshore Wind Farm

Apr 10, 2020

Dutch cable manufacturer Twentsche Kabel Fabriek (TKF) will deliver 33 kV inner array grid cables for the Kaskasi offshore wind farm project by innogy SE, located in the German North Sea.The contract was awarded to TKF by Seaway7, a Subsea 7 subsidiary…

COVID-19: DEME Charters Flotel to Pre-Quarantine Offshore Workers

Apr 10, 2020

Belgium-based offshore installation and construction company DEME has chartered a hotel ship where it will pre-quarantine its offshore crews ahead of deployment to offshore projects.'To ensure safe crew changes on board dredgers and offshore vessels during the COVID-19 pandemic…

OceanTeam Bags Cable Transportation Contract. Talks Underway for Vessel Charters

Apr 10, 2020

Offshore cable-solutions provider OceanTeam has signed an agreement with an unnamed major cable manufacturer to provide cable transportation capability using a cable transportation and handling barge specially equipped for these tasks.OceanTeam…

Lukoil Pressing Ahead with Caspian Sea Works. Valery Grayfer Field LQ Jacket Launched

Apr 10, 2020

The Russian oil company Lukoil is pressing ahead with the development of the Valery Grayfer field in the Caspian Sea. The company on Friday said it had launched the jacket of the living quarters platform from the yard to the Caspian Sea.The…

First UXO Survey Guidance Launched for Offshore Wind Industry

Apr 10, 2020

The Carbon Trust’s Offshore Wind Accelerator (OWA) has this week published guidance for the geophysical surveying for unexploded ordnance (UXO) and boulders, supporting subsea cable installation by improving the efficiency and effectiveness of surveys…

DEME Hits Halfway Mark with Borssele Wind Farm Installation

Apr 10, 2020

Offshore installation company DEME Offshore has said made strong progress with the installation of the foundations for offshore wind turbines at Ørsted’sBorssele 1 & 2 Offshore Wind Farm in the Dutch North Sea, reaching the halfway mark. Having…

The Numbers Tell the Story of Oil Industry Crisis

Apr 10, 2020

Global oil producers and refiners are struggling with a series of unprecedented dislocations as the simultaneous epidemic and volume war between Saudi Arabia and Russia rip through every element of the supply chain.Some idea of the extraordinary…

Orsted Hopes COVID-19 Will Not Slow Japan's Offshore Wind Projects

Apr 10, 2020

Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. 'The pandemic will not influence investment decisions and general confidence in offshore wind…

Turkish Drillship Gearing Up for Black Sea Drilling

Apr 10, 2020

Turkish national oil company TPAO's drillship Fatih is being prepared to move to the Black Sea to start drilling operations.The news was shared on social media both by TPAO and the country's energy minister Fatih DonmezDonmez on Thursday tweeted…

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