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'We Won't Just Weather the Crisis, We'll Come Out Stronger,' SBM Offshore CEO Says

May 14, 2020

SBM Offshore, one of the world's largest FPSO solutions providers, on Wednesday slightly reduced 2020 guidance due to uncertainty caused by the COVID-19 pandemic and the low oil price environment, but the CEO is optimistic the company will not just weather the storm, but come out stronger at the end.The company said it expected that in the short to medium term, the number of prospects for new FPSO work will decrease…

Industry Group Calls for 'Key Worker' Status for Offshore Energy Workers

May 29, 2020

The International Marine Contractors Association (IMCA) has said that it continues its work to have all offshore energy workers recognized as 'key workers', in order to facilitate the efficient movement of personnel during the Covid-19 pandemic…

Workers Test Positive for COVID-19 at Tubarao Martelo Field in Brazil

May 26, 2020

About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well owned by Brazilian oil firm Dommo Energia SA, two regulatory sources with knowledge of the matter told Reuters.The production well…

Energean: Karish Pipelaying Works Set to Begin

May 25, 2020

The Mediterranean-focused oil and gas company Energean is gearing up to begin pipelaying works as part of its Karish development, offshore Israel.The company on Monday said in a social media post that the Solitaire vessel, owned by Allseas, and Normand Cutter vessel…

Japan's JXTG to Spend $14B on Low-Carbon Transformation

May 20, 2020

JXTG Holdings Inc, Japan's biggest oil refiner, said on Wednesday it will spend 1.5 trillion yen ($14 billion) for the next three years to drive its transformation into a supplier of low-carbon energy and materials.The planned spending, mapped…

Rockhopper Reducing Headcount, Directors' Salaries

May 19, 2020

Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction.The company said Tuesday that due…

COVID-19 Delays Total's South Africa Offshore Drilling Plans

May 19, 2020

French oil major Total has agreed with Odfjell Drilling to keep the Deepsea Stavanger offshore drilling rig idle for a while due to the COVID-19 situation.Odfjell Drilling's semi-submersible drilling unit has a contract with Total to drill this year in South Africa…

Odfjell Drilling: Effect of Low Oil Price, Pandemic on Business 'Limited'

May 13, 2020

Norwegian offshore drilling contractor Odfjell Drilling does not expect the Covid-19 and low oil prices to have a major impact on its business in the short to medium term.The company which owns a fleet of five harsh-environment offshore drilling rigs…

Rem Offshore Clinches Platform Supply Vessel Deal

May 13, 2020

Norwegian offshore vessel owner Rem Offshore has said it has secured a new contract for the Rem Insula platform supply vessel.In a social media post on Tuesday, Rem Offshore said that the contract would take the offshore vessel through 2020 and into 'smooth waters in 2021…

Petrobras Delays Garoupa Offshore Oilfield Cluster Sale

May 12, 2020

Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up…

TechnipFMC's Vessel Breaks Record Offshore Norway

May 12, 2020

Oilfield services provider TechnipFMC has said its Deep Energy vessel has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel. In a social media post on Tuesday, TechnipFMC said the landmark was achieved while…

Petronas Drillship Exits South China Sea After Standoff

May 12, 2020

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said…

Equinor Extends Island Clipper Charter

May 11, 2020

Norwegian oil and gas company Equinor has extended the contract for Island Offshore's Island Clipper platform supply vessel.Equinor and Island Offshore had in 2018 signed a three-year contract /with options to extend) for the use of the vessel both as a PSV and a walk to work vessel…

Shell Offers Mars Sour Crude Storage as Offshore Producers Keep Pumping

May 08, 2020

Shell Midstream Partners said on Thursday it is offering storage in its Mars Sour crude cavern on the U.S. Gulf Coast, as offshore producers are not cutting output like onshore shale drillers despite the oil price downturn caused by the coronavirus pandemic…

Solstad Wins Medium-Term Charters for Six Vessels

May 04, 2020

Norwegian offshore vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels.The contracts are for a period of 80 to 170 days each with undisclosed clients. The contracts are expected to start around July 1 and the operations are outside the North Sea…

Current News

Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana

Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

Turkey May Begin Drilling Under Libya Deal in 3-4 Months

Norway Earmarks $369M for Green Industry Investments

Norway Earmarks $369M for Green Industry Investments

Oil Drops but Still Set for Biggest Monthly Gain in Years

Oil Drops but Still Set for Biggest Monthly Gain in Years

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