The Norwegian economy remains strong despite the sharp fall in the price of oil, Norway's biggest export, but it is too early to tell what the full impact will be from cheaper crude and the coronavirus, Finance Minister Jan Tore Sanner said on Monday…
Oil prices slid more than 4% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices. Brent and WTI crude futures tumbled by nearly $3 a barrel, or more than 5%, after the report…
The article originally titled 'Neptune Stops Gjøa Platform Flights on Coronavirus Suspicion' has been updated to include a statement by Neptune Energy, and to reflect the fact that the Neptune employee has tested negative on Coronavirus.Neptune…
Lloyd's Register has appointed Elina Papageorgiou as its new Marine and Offshore President for UK and Ireland, starting April 1, 2020.Papageorgiou has held a variety of roles across North and South Europe in sales, marketing, and finance functions since joining LR in 2004…
French oil services group CGG expects its segment revenue growth to slow down in 2020, it said on Friday, assuming a limited effect from the coronavirus.'We continue to monitor the situation and potential impact on our business as our clients…
UK-based emergency response and rescue vessel company Sentinel Marine has said it has won contracts worth £36 million (around $46,5 million) for its ERRV fleet in the North Sea.The company, which owns a fleet of 12 ERRV vessels said Friday the…
Norwegian offshore vessel provider Solstad Offshore has won a contract extension with Fugro for its construction support vessel Normand Flower.The contract will keep the Normand Flower busy at least until April 2021. Fugro will have options to extend the charter by further six months…
The UK National Decommissioning Centre (NDC) and Chevron have signed an agreement that will support research at the NDC through to 2023, focused on the effects of offshore oil and gas decommissioning on the environment.The NDC, is a technology research and development hub opened in 2019…
Offshore completions services company Tendeka has received a Letter of Intent for the supply of sand-face completion equipment to Aker BP’s Norwegian assets. Tendeka said the deal was a substantial one with a multi-million-pound scope.Over the next three years…
Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices, they could not immediately secure Russian support for the decision…
Equinor, with its partners Shell and Total, has completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage…
Aker BP and Framo have signed a first long-term frame agreement for the preventive maintenance of seawater lift pumps, a deal in which “compensation is directly linked to facility uptime”, the operator said in a release Monday.While the “seawater lift as a service” agreement might sound “smart”…
Energy majors Shell and Equinor have signed a Memorandum of Understanding on digital collaboration to develop solutions and methods together through the exchange of expertise within areas like data science, artificial intelligence, and 3D printing…
Italian marine cable installation specialist Prysmian has won a contract worth over €150 million (around $167 million) to deliver cable systems for an offshore wind farm in France.Prysmian said Thursday the contract was awarded by Réseau de…
Norwegian offshore seismic data company TGS has said that processing of the northern half of its landmark ocean-bottom node (OBN) multi-client Utsira survey in the Norwegian North Sea is complete and has been delivered to pre-funding customers…
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