Dutch offshore survey company Fugro is expanding in Taiwan's emerging offshore wind space with the formation of Fugro IOVTEC, a joint venture company with local player IOVTEC.'Fugro has been actively supporting the renewables market in Taiwan…
A spider-like robot designed for inspection, maintenance, and repair of offshore wind turbine blades has successfully passed its turbine walking test.During the trials, which took place in early March at the Offshore Renewable Energy (ORE) Catapult’s National Renewable Energy Centre in Blyth…
BP's first-quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional uncertainty ahead.London-based BP said it expected significantly lower refining…
Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel…
Bankrupt Diamond Offshore Drilling Inc has sued Australian oil and gas producer Beach Energy Ltd for abruptly terminating a $65 million drilling contract.Beach Energy ended the agreement, claiming Diamond Offshore missed a 'contractual milestone to deliver the rig'…
Offshore drilling contractor Dolphin Drilling has said it has won a two-well contract with Norway-focused oil company Wellesley Petroleum.Wellesley will use the semi-submersible drilling rig Borgland Dolphin for the drilling program on the Norwegian Continental Shelf…
British unions representing offshore workers said on Monday the government should invest taxpayer money directly into oil and gas projects to save the sector rather than extend welfare payments to furloughed staff.In a joint statement, the unions said they expected around 3…
Thirty workers at an offshore oil platform in Equatorial Guinea, operated by ExxonMobil have tested positive for the new coronavirus, two sources close to the ministry told Reuters, one of the largest reported clusters in the sector so far.It…
The Malaysian oil and gas company Petronas has denied reports claiming the company has shut down 14 oil rigs.'Petronas refutes the allegations in news reports published in the New Straits Times dated 24 April 2020, regarding the deactivation of 14 Petronas oil rigs as reported in its print version…
Nigeria's state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output in line with a global deal on production curbs, trading sources said.Official selling prices (OSPs) for Nigerian oil…
Norwegian offshore vessel operator DOF has said Helge Møgster will be resigning from the Board of Directors in DOF ASA following the upcoming ordinary General Meeting, after 18 years in the role as Chairman. He will also resign as chairman in DOF Subsea AS…
Nestlé's UK subsidiary has signed a 15-year indexed fixed price agreement with Danish offshore wind company Ørsted to buy green power from the Race Bank Offshore Wind Farm, off the coast of Norfolk.Nestlé UK will buy the output of 31MW of the offshore wind farm's 573MW total capacity…
Offshore Northern Seas (ONS) exhibition and conference that was supposed to be held in Stavanger, Norway between August 31 September 3, 2020, has been canceled.The organizers of one of the largest gatherings for the international energy community…
Belgium-based offshore wind farm developer Parkwind and Danish offshore construction company Bladt have signed a deal to build a substation for the Arcadis Ost 1 offshore wind project in the German Baltic SeaThe platform will be jointly developed and will be jointly operated with 50Hertz…
KrisEnergy, a Southeast Asia-focused oil company, has started proceedings against FPSO owner Rubicon at the High Court of Justice Business and Property Courts of England and Wales.The oil company is reacting to a claim recently made by Rubicon demanding a $2…
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