OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market…
Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world's biggest oil producer and consumer defaulting on its debt.Brent crude futures LCOc1 rose by 26 cents…
Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships…
Equinor-operated Njord field in the Norwegian Sea will be officially opened Monday by the Norwegian minister of petroleum and energy, Terje Aasland. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades…
Germany offshore wind monopile foundation manufacturer EEW SPC has won a contract from RWE to produce 36 of the total 72 foundations for the Thor offshore wind farm in Denmark.EEW SPC will build the monopiles at its Rostock site in Germany.…
The Norwegian offshore safety authority PSA Norway has launched an investigation into an April 22 incident on the Statfjord B offshore platform where a worker suffered facial injuries after getting hit by a 34-kilogram piece of equipment.The incident happened on Saturday…
The Kremlin on Tuesday called for the investigation into the blasts of Russia-designed Nord Stream gas pipelines to be speeded up and any results to be published. In September 2022, several unexplained underwater explosions ruptured the Nord…
Exxon Mobil Corp. has applied to prequalify for four offshore oil blocks in Liberia, the West African country's state oil regulator said in a statement on Sunday. Once prequalified, Exxon will be invited to negotiate a Petroleum Sharing Agreement for Blocks 15…
The UK government has opened a consultation on future regulatory arrangements for offshore hydrogen. The consultation is seeking views on proposals for a ‘first layer’ of arrangements for transport and storage. The consultation, proposes to…
Offshore wind turbine installation company Fred. Olsen Windcarrier has won a firm contract with renewable energy firm RWE to install 72 offshore wind turbine generators (WTGs) at the 1GW Thor offshore wind farm in the Danish North Sea.For this project…
Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale of the Armada Claire floating production storage and offloading vessel. The FPSO was sold by Bumi Armada's subsidiary, Armada Balnaves.'The Armada Claire sale was on an “as is where is” basis…
Hellenic Cables has this week won contracts to supply cables for two large offshore wind projects in Denmark and the UK.Vattenfall has awarded Hellenic Cables a contract to provide inter-array cables for its giant Norfolk Offshore Wind Zone in the UK…
The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the Board of Directors on the short- and long-term development and growth of SPE as the…
Brazilian oil company Enauta has resumed production from the 7-ATL-2HP-RJS (“2HP”) well in Atlanta offshore field in Brazil, after a halt in early March.Enauta said this week that production had resumed after the installation of the new pump on the seabed…
An ailing crewmember was medevaced from an offshore pipelay barge in the U.S. Gulf of Mexico on Monday, the U.S. Coast Guard said.The Coast Guard said its watchstanders at Sector Houston-Galveston received a medevac request relay from Coast Guard District Eight at 6:45 a…