Energy giant BP said that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.This is the fourth Upstream major project to begin production for BP globally so far this year…
Dutch offshore and dredging services specialist Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada.The project will give Canadian oil company…
If seagoing vessels were better informed about the availability of berths and adapted their speed accordingly, substantial savings could be made in terms of fuel and CO2 emissions. This conclusion is based on a study that was recently commissioned…
New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of two of its six medium sized platform supply vessels (PSVs).According to the Cyprus-based company that offers offshore drilling services to the oil and natural gas exploration industry…
North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP.A press release from SDX announced that further to the announcement made on September 20, 2018, discussions…
Global engineering Fluor Corporation announced that its diversified services segment Stork was awarded a two-year contract extension by Chrysaor to deliver integrated specialist asset integrity services for its Armada, Everest and Lomond offshore…
One of the leading wind turbine manufacturers globally Goldwind and DNV GL, the world’s largest resource of independent energy experts and certification body have signed a Memorandum of Understanding (MoU) to cooperate on the development of…
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as…
Singaporean conglomerate Keppel Corp on Thursday posted a 15 percent fall in third-quarter net profit, hurt by lower contributions from its investments and property divisions.Keppel, whose businesses range from rig-building to property development…
Royal Dutch Shell plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on Thursday.The investment will be made regardless of the outcome of presidential election Oct…
Aberdeen-based offshore support vessel operator Sentinel Marine said it has purchased a multi-role ship from a Canadian seller.The 1997-built Scotian Sentinel (formerly Scotian Sea) is currently in dry-dock for upgrades and is expected to enter…
Turkey's state-run Anadolu news agency said on Thursday that the navy had stopped a Greek frigate from harassing a Turkish ship in the Mediterranean. It did not give further details.Turkey, Greece and Cyprus's internationally recognized Greek…
Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's upstream oil and gas licenses in Denmark, its chairman told Reuters on Thursday.The Oslo-listed company on Wednesday announced a $1…
North Sea Giant, one of the world’s largest and most advanced subsea construction vessels (OSV), has installed an innovative cost-saving solution.This system, based on a unique Electronic Bus Link (EBL) from Yaskawa Environmental Energy / The Switch…
Gazprom's output in the last nine and a half months is up by 6.8 percent year on year and the Russian gas producer expects production close to 500 billion cubic metres (bcm) this year, RIA news agency cited its chief executive as saying.The TASS news agency…
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