Venezuela's state-run PDVSA is organizing a contingency plan to address its latest oil-export problem following a minor accident last week at the country's main crude terminal, two sources from the firm told Reuters on Friday.A tanker collision…
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support…
EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary…
Pay attention to what traders actually do, not what they say, is one of the most important principles for successful oil market analysis.Despite all the bullish commentary around oil prices in recent weeks, there was plenty of forewarning prices were primed for a setback…
U.S. crude, gasoline inventories rise unexpectedly as Brent-WTI spread nears widest margin in three years. Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal…
Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm.The Society of Petroleum Engineers (SPE) Aberdeen Section revealed the 11 winners to an audience of more than 450 people…
DNV GL, the world’s largest independent energy advisory and certification body, has appointed wind energy professional Peter Brun as Global Offshore Wind Segment Leader. Brun is responsible for stakeholder management, alliance building…
Finalists for this year's Offshore Achievement Awards, hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, have been revealed today. The annual awards recognise the best talent, performance and innovation in the industry…
The highest number of licenses ever have been awarded in Norway's latest licensing round, with 75 licenses awarded to 19 operators, led by Norwegian major Statoil. The Norwegian Ministry of Petroleum and Energy says 34 oil companies…
Repsol's Norwegian subsidiary has set out plans to decommission its Rev field in the Norwegian North Sea. The Rev field, in Production Licence 038C, Block 15/12 on the Norwegian Continental Shelf, comprises four seabed installations split into two separate areas…
The US Bureau of Safety and Environmental Enforcement (BSEE) has issued a safety alert regarding gas release hazards, following a compliance and incident data review that turned up 31 incidents by 14 operators in the Gulf of Mexico. Photo from BSEE…
Keppel Offshore & Marine subsidiary Keppel FELS has has delivered the first of five jackups to Borr Drilling. The first is the jackup rig SAGA, a KFELS Super B Class design rig. KFELS Super B Class rigs are designed to operate in 400ft water depth and drill to 35…
Former Apache North Sea boss Jim House has signed up to Neptune Energy as CEO, starting this month. House makes the move from Apache Corp. where he has spent the last 26 years in senior leadership roles, most recently as the Senior Vice President responsible for Egypt…
ExxonMobil has down-manned facilities offshore Canada in advance of a winter storm expected to sweep through the area, says the Canada Nova Scotia Offshore Petroleum Board (CNSOPB). The National Oceanic…
The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large find in South American waters, the company announced today (5 January). Stena Carron drillship…
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