Offshore News

 

ABS to Class Silver Eagle's New Jack-Ups

Mar 31, 2020

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of 'highly innovative Self-Elevating Drilling Units (SEDU)' for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says…

Italian Marine Cable Laying Firm to Cut Dividend

Mar 31, 2020

Italian marine cable installation company Prysmian plans to cut the dividend by 50 percent, citing the effect of the coronavirus pandemic and its effects on the global economy.Citing the spread of the pandemic and its potential duration, and…

SE Asia Rig Market Set for Decline. Deepwater Projects at Risk

Mar 31, 2020

Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia's Petronas will have a large role in where the market goes. Further, the intelligence…

Equinor Extends Facility Management Contract with Coor

Mar 31, 2020

Swedish company Coor has won offshore facility management services extension with Norway's oil company Equinor.Coor, which has delivered facility management services to five of Equinor's oil platforms since 2015, has won now won a three-year extension…

Kongsberg Develops New LARS for HUGIN AUVs

Mar 31, 2020

Norway's Kongsberg Maritime has developed a new LARS (Launch and Recovery System) solution for its HUGIN range of Autonomous Underwater Vehicles (AUVs), which it says will bring 'a series of far-reaching operational improvements.'Kongsberg has decided to have the new LARS operating from midships…

Norway to Admit Non-Resident Europeans Working in Oil Industry

Mar 31, 2020

Norway will allow entry to certain European citizens for work in sectors critically short of labor including agriculture and the oil industry despite its lockdown to fight the coronavirus pandemic, the government said on Monday.The measure, which takes immediate effect in the Nordic country…

40th Anniversary of Norway's Worst Offshore Disaster

Mar 30, 2020

It was March 27th, 1980. The Alexander Kielland offshore accommodation unit was linked to the Edda platform in the Ekofisk area of the North Sea, offshore Norway.Workers aboard were weather-bound to the floatel, because of the fog, and then the storm began to blow up…

Oil Price: WTI Dips Below $20, Brent Touches 2002-Low

Mar 30, 2020

Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further.Brent crude…

Improving Oily Water Separators

Mar 30, 2020

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free…

What Will COVID-19 Mean for US Offshore Wind?

Mar 30, 2020

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis…

Brazil: FPSO Charter Ends 5 Years after Deadly Explosion

Mar 30, 2020

FPSO leasing company BW Offshore has informed that a charter for FPSO Cidade de Sao Mateus has expired. The FPSO was involved in an explosion in February 2015, an incident in which nine workers were killed, and 26 others injured. There were…

Aker Solutions Wins 5-Year Offshore Maintenance Work with Shell in Brunei

Mar 30, 2020

Norwegian offshore engineering and construction company Aker Solutions, in a joint venture with Brunei-based PTAS, has signed a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).According to Aker Solutions…

Northland Power to Buy Offshore Wind Project in Canada

Mar 30, 2020

NaiKun Wind Energy company has entered into an agreement to sell the NaiKun Offshore Wind Farm - a project in early stages of development - located in the Hecate Strait off the coast of British Columbia, Canada to Northland Power.NaiKun said Monday that Northland…

BHP Awards Trion Platform Pre-FEED to McDermott, Partners

Mar 30, 2020

U.S. offshore installation and construction company McDermott has been awarded a pre-FEED contract for a floating production unit that will be installed at BHP's Trion deepwater oil field offshore Mexico.McDermott said the contract was a sizeable one…

Three Oilfield Players Join Forces in "New Coretrax"

Mar 30, 2020

Churchill Drilling Tools, Mohawk Energy, and Coretrax have teamed up to offer an integrated approach to well lifecycle integrity and production optimization.As previously reported, Coretrax acquired Churchill Drilling Tools in November 2019…

Current News

PetroVietnam's Q1 Profit Likely Halved to $188.5M

PetroVietnam's Q1 Profit Likely Halved to $188.5M

Norway May Cut Oil Output if Other Big Producers Agree Deal

Norway May Cut Oil Output if Other Big Producers Agree Deal

Petrobras Delays Bids for Offshore Platform

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Subscribe for OE Digital E‑News

Offshore Engineer Magazine