Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland…
For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA…
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV…
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more…
Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market…
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…
Swedish power firm Vattenfall has chosen Hvide Sande Harbour in Denmark as its service port for Vesterhav Syd and Nord wind farms in the Danish part of the North Sea. The move will create around 50 new jobs.Danish Energy Agency has approved…
Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday.In a report outlining a scenario…
Norwegian offshore vessel operator Havila Shipping has secured a contract for its platform supply vessel Havila Borg.The contract is with IKM Acona AS, a company providing well management and engineering services for the oil and gas industry…
BP's behemoth Argos offshore oil platform, the centerpiece of the company's $9 billion Mad Dog 2 project in the U.S. Gulf of Mexico, has arrived in the U.S. after a 16,000-mile journey from South Korea.The platform, loaded onboard Boskalis' BOKA Vanguard heavy transport vessel…
Jim McCaul, an expert in the offshore floating production sector for 30 years, discusses movement in oil pricing and orders in the pipelines for the coming years with Offshore Engineer TV's Greg Trauthwein.
PSE Kinsale Energy, a Petronas subsidiary working to decommission its Kinsale area offshore gas fields in Ireland, has awarded a contract to HydraWell to support the project.PSE Kinsale Energy last July said that the Kinsale area offshore gas…
Oilfield services company Petrofac has secured a one-year extension to its integrated services contract with NEO Energy in the UK North Sea.'The extension, awarded eight months ahead of the renewal date, takes Petrofac’s contract for operations…
Construction of the Energean Power FPSO, destined for Energean's Karish field off Israel, has recently reached what has been described as a 'major milestone' with the installation of the flare on the FPSO in a Singapore shipyard.Technip Energies…
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