Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…
Norwegian offshore vessel owner Solstad has signed a cooperation deal with Westcon Power & Automation, a provider of hybrid- and fully electric solutions, to develop environmentally friendly and sustainable technologies, with the final aim to make the company carbon neutral by 2050…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
Kazakhstan's environmental authorities will inspect an oil and gas processing plant at the country's biggest oilfield, Kashagan, after gas flaring at the plant caused plumes of black smoke on Monday, the ecology ministry said.NCOC, the consortium of global energy majors developing Kashagan…
Russian energy company Sakhalin Energy has extended the charter for the Polar Piltun crew boat with a GC Rieber Shipping Russian affiliate.As previously reported, GC Rieber in January said that Sakhalin Energy had awarded it contract extension…
The Nord Stream 2 pipeline from Russia to Germany should not be used to punish Moscow over the poisoning of Kremlin critic Alexei Navalny, the leader of the German state where the pipeline is due to come ashore said on Friday.The Kremlin has…
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…
UK-based offshore decommissioning company Well-Safe Solutions has bought Seadrill's 1993-built West Epsilon jack-up rig, in a move that the company says will create a 100 new jobs.This will be Well-Safe's second rig in the fleet following the…
The Louisiana Offshore Oil Port (LOOP) suspended tanker offloading at its offshore marine terminal on Sunday because of Tropical Storm Sally, the company said in a statement posted on-line.The LOOP is the nation's only oil port able to receive the largest crude oil tankers…
Chevron Corp shut the Blind Faith and Petronius offshore production platforms on Sunday in the Gulf of Mexico in preparation for Tropical Storm Sally, the company said in an online statement.'In preparation for the storm, we have evacuated all…
French oil company Total has awarded two-year contracts to Norway's Siem Offshore for the Siem Atlas and Siem Giant platform supply vessels.Siem Offshore said on Friday that, apart from the two firm two-year deals for the PSV Duo, Total's Brazilian…
Oilfield services company Weatherford will appoint Girish K. Saligram as its President and CEO effective October 12, 2020.He will replace the interim CEO Karl Blanchard who took the role after the previous CEO Mark A. McCollum left the company in June…
A U.S. Gulf of Mexico crude oil pipeline owned by Genesis Energy LP is not expected to be fully restored before Oct. 1, the company said on Thursday, after destructive storms tore through the coastal region late last month.Houston-based Genesis…
Kim Heng Offshore & Marine, Singapore's offshore vessel provider, and offshore wind player, is setting up a new subsidiary named Zale, focused on subsea and emergency response services.Kim Heng said Friday that a new fully owned subsidiary Zale had been incorporated in Singapore…
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