Vattenfall will focus on offshore wind power developments in Europe as the region seeks to boost green investments, instead of expanding globally, the Swedish utility said on Wednesday.State-controlled Vattenfall said the European Union's plans…
Southeast Asia-focused oil company KrisEnergy has reached a loan deal with Kepinvest Singapore, that should help the company bring online its Apsara offshore project in Cambodia's Block A on time, and remove the risk of losing the license.Namely…
Energy services provider Petrofac has acquired its second freefall lifeboat, citing increased demand for its marine training courses.The company said it has invested £200,000 in the new model, designed and manufactured by Dutch company Verhoef…
Norwegian seismic surveyor PGS has completed the acquisition of three new 3D seismic surveys offshore Newfoundland and Labrador, Canada.The company Wednesday that the initial first fast-track results would be delivered in Q4 2020, with final…
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs…
Oil and gas company Neptune Energy has informed that subsea construction works have kicked off that will eventually see its Seagull offshore field tied back to BP's ETAP platform in the UK North Sea.Seagull is a high pressure, high temperature…
U.S. oil giant Chevron Corp has asked employees globally to delete Tencent Holdings Ltd's WeChat from their work phones, following the Trump administration's executive order to ban the social media app, Bloomberg News reported https://bloom…
The U.S. government agencies responsible for offshore oil and gas regulations are looking at ways to update policies to promote the growth of oil and gas production in the Gulf of Mexico.Specifically, the Bureau of Ocean Energy Management (BOEM)…
Norwegian independent oil firm Aker BP will hold meetings with fixed-income investors to prepare the ground for a possible U.S. dollar-denominated loan, the company said on Tuesday.The potential issue of investment-grade senior unsecured notes will be subject to market conditions…
Oil rig operator Borr Drilling Ltd has agreed with lenders to postpone the deadline for repayment of some of its debt, and aims to raise capital through equity as it seeks to overcome a demand slump, the company said late Tuesday.Borr, which is dual-listed in Oslo and New York…
A new service operations vessel (SOV) was launched at the Cemre Shipyard in Turkey for French vessel owners Louis Dreyfus Armateurs (LDA).Upon delivery in 2021, the 84-meter SOV Wind of Hope will go to work for Danish wind energy giant Ørsted servicing its Hornsea Two offshore wind farm…
UK's oil and gas regulator the Oil and Gas Authority (OGA) has appointed Andy Brooks as Area Manager - Central North Sea, starting the role in September 2020.Brooks graduated from Leeds University in 2002 with a Masters in Chemical Engineering…
UK-based chemicals giant INEOS will buy electricity from Engie’s Norther offshore wind farm in Belgium over a 10-year period, in what INEOS said was “the largest ever purchase contract of wind energy for heavy industry in Belgium.”According to INEOS…
Norwegian subsea services company DOF Subsea has won two contracts in the Asia Pacific region, including work for its Skandi Singaporedive support vessel.DOF Subsea said Tuesday that the first project involved saturation diving, with the Skandi…
Norwegian oil company Aker BP has signed a drilling contract with Odfjell Drilling.The contract is for the use of Odfjell Drilling's 2010-built Deepsea Stavanger semi-submersible drilling rig.The rig is currently employed by the French oil major Total in South Africa on a $438…
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