Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November.Earnings before interest and tax (EBIT)…
Dutch offshore access provider Ampelmann has secured a contract to supply a walk-to-work (W2W) transfer system for US based marine transportation company Harvey Gulf to be used during maintenance work at an oil and gas platform in the Gulf of Mexico…
The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the largest independent exploration and production company in Europe.Wintershall DEA will be headquartered in Hamburg, with activities across Europe…
Acta Marine has taken delivery of its new walk-to-work vessel Acta Centaurus from Ulstein Verft and is about to set sail for her first offshore wind assignment.“Building on experience with our first Ulstein Walk to Work construction support vessel Acta Auriga delivered to us last year…
Seismic survey company TGS-NOPEC Geophysical Company (TGS) said it will acquire rival seismic survey company Spectrum ASA.The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS and Spectrum…
Allseas-owned pipelay vessel Solitaire has started laying the first line of the Nord Stream 2 twin gas pipeline in Russian waters.Solitaire will spend about a month constructing one of the two approximately 100-kilometres-long sections in the Russian territorial sea…
Acoustical engineering company AdBm Technologies and Dutch maritime contracting company Van Oord has successfully demonstrated the new AdBm noise mitigation system (NMS), which can be used for offshore wind applications.The NMS reduces underwater…
Denmark's Fred. Olsen Windcarrier has been awarded a contract by MHI Vestas Offshore Wind for the transport and installation of 100 V164-9.5MW wind turbines for the Moray East project off the East coast of Scotland.The provider of tailored services for transport…
UK-based exploration and production company African Petroleum continues to lay claim to offshore Block 1A in The Gambia even after the government of this tiny West African country reportedly signed an agreement with oil major BP for the likely lucrative asset…
Project partners in the UK are working to develop a new approach for monitoring the long-term integrity of suspended or decommissioned oil and gas wells in the North Sea. Their proposed technique aims to act as a 'smoke alarm for the sea' to provide early warning in the event of a leak…
Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company's $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett.Occidental and Chevron…
Subsea services company Canyon Offshore said it has entered into an agreement with vessel owner Otto Candies for the charter of the Jones Act-compliant inspection, maintenance and repair (IMR) vessel Ross Candies.The charter will commence in…
Subsea services company Aqueos Corporation said it has entered into a multi-year agreement with vessel owner Otto Candies for the charter of the US-built multi-role DP-2 diving support vessel (DSV) Kelly Ann Candies.The high spec vessel has…
Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings.Shell's results outshone those of rivals Exxon Mobil…
Swedish oil firm Lundin Petroleum, a partner in Norway's giant Johan Sverdrup oilfield, reported lower-than-expected quarterly core earnings on Thursday as output lagged forecasts.First-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $406 million from $456…
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