Ørsted and Van Oord have successfully installed all 94 array cables connecting the turbines of the Borssele I & II offshore wind farm in the Dutch sector of the North Sea. The installation started, ahead of schedule, in February this year.The…
Swedish company Trelleborg is set to exhibit its NjordGuard cable protection system at a virtual offshore wind conference taking place later this month.Per Trelleborg, the NjordGuard is a unique cable protection system designed and developed to protect offshore wind farm power cables…
Thirty-two years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the numbers of lives-lost…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…
Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…
Malaysian energy services company Uzma has won a contract to deliver a portable water injection module for Petronas Sepat offshore platform in Malaysia.Under the contract, Uzma will be responsible for the design, engineering, procurement, fabrication…
Crane specialist Palfinger has recently won an order to deliver two jetty cranes at the maintenance base in The Netherlands for Ørsted's new Borssele 1 and 2 offshore wind farms (OWF) in the Dutch North Sea.While the wind farm is still under construction…
Oil and gas major Chevron has signed a gas sales agreement in Australia, to supply BHP Nickel West from its Wheatstone gas project.Starting in July 2020, Chevron plans to supply BHP Nickel West with a total of 22 Petajoules of equity domestic gas over the 3…
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…
Indonesia expects gross revenue from oil and gas to fall to between $18.7 billion to $22.31 billion next year, the chairman of upstream oil and gas regulator SKK Migas told parliament on Thursday.Oil prices of $40, $45 or $50 per barrel would produce gross revenue of $18…
Keppel Corporation has launched arbitration proceedings against offshore drilling company Awilco Drilling over the latter's recent move to terminate a semi-submersible rig construction contract worth about $425 million.Awilco earlier in June…
Offshore seismic services provider Polarcus is reducing its headcount further by 20 percent, the company said Monday, citing the market uncertainty and bleak near-term outlook caused by low oil prices and COVID-19.Oslo-listed Polarcus had on…
According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry.Andrew Pearson, vice president, upstream, said: 'This figure captures the impact of Wood Mackenzie’s downgraded…
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