Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…
Shearwater GeoServices has won a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA. This will be Shearwater's first OBS ROV (Remotely Operated Vehicle) survey. Irene Waage Basili, the CEO of Shearwater…
Seismic firm TGS, in partnership with oilfield services giant Schlumberger, has announced the second phase of its ultra-long offset node project in the U.S. Gulf of Mexico.The phase will extend the footprint of ultra-long offset data to the…
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by the economic fallout from the coronavirus, and OPEC responded by removing limits on its own production…
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…
Swiss bank UBS won't fund new offshore oil and gas projects in the Arctic, and will 'enhance due diligence' on some deepwater drilling projects.In a statement on Thursday, UBS said it had, in 2019, reduced carbon-related assets on its balance sheet to USD 1…
Ørsted U.S. Offshore Wind, a U.S. subsidiary of the Danish wind power giant Ørsted, has signed an agreement with New Jersey's Montclair State University to support clean energy research and educational outreach activitiesUnder the agreement…
Norwegian offshore seismic data acquisition and processing company TGS is planning to carry out a seismic survey in the Carnarvon Basin, off Australia, and the Australian offshore safety regulator NOPSEMA has opened the TGS for public comment…
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…
Diplomats and foreign observers on Thursday questioned preliminary results of Guyana's presidential election as incumbent David Granger claimed victory and the opposition denounced fraud, setting up a showdown in the oil-rich South American nation…
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…
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