Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.Brent crude futures for November advanced to $46…
Danish offshore drilling company Maersk Drilling has won a long-term contract extension for its jack-up rig Maersk Convincer with Brunei Shell Petroleum in Brunei.Brunei Shell Petroleum has exercised its contract extension option that will see the jack-up drilling unit extend its stay in Brunei…
Oil and gas company Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig.The rig, owned by China's CIMC and managed by the Norwegian drilling contractor Odfjell Drilling, was recently used to…
Dana Petroleum, a North Sea-focused subsidiary of South Korea's KNOC, has appointed Jongwoo Kim as its new CEO.Kim joins Dana Petroleum from its parent company Korea National Oil Corporation.Jongwoo succeeds the previous CEO Yongwoo Kang who…
Norwegian oil services investment firm Akastor will take full ownership of DOF Deepwater, a joint venture with company DOF, as part of the debt restructuring agreement with the JV's lenders. DOF Deepwater operates five mid-sized AHTS vesselsAs…
Norwegian oil company Equinor has successfully sent a drone carrying a 3D-printed cargo from shore to an offshore production platform in the North Sea in what the company says is a world's first.In a flight spanning around 80 kilometers from…
French oil giant Total has hired marine seismic surveyor Shearwater GeoServices for a 3D survey project in Mauritania.The Norway-based seismic acquisition company said Friday that the contract was for a large towed streamer 3D acquisition and Fast Track processing project…
Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.Exxon, which operates…
NATO is looking at ways to avoid accidental clashes in the Eastern Mediterranean while supporting German diplomatic efforts to defuse the worsening dispute over energy resources there, the alliance’s chief said on Thursday.NATO Secretary-General…
Offshore wind installation company Fred. Olsen Windcarrier has won a conditional contract for its Brave Tern jack-up, for wind turbine installation work in Taiwan.The conditional contract is with Liwei Wind Power Co. Ltd., a company wholly owned by wpd Group…
Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported.The plans involve…
Oslo-listed offshore seismic acquisition company Polarcus has won a new contract in Africa.The seismic vessel fleet owner said Thursday that the survey in West Africa under the newly awarded contract would start in October 2020.The XArray marine…
Offshore engineering, construction, and services provider McDermott has won a contract with Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline at its Sisyphus project. The pipeline will connect a regasification platform…
FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…
Norwegian subsea project and marine services provider DOF Subsea has been awarded four new contracts with Brazilian oil company Petrobras. DOF said Thursday that at least three vessels from the DOF fleet would be mobilized to perform flexible pipeline…
Subscribe
