Ongoing low oil prices and reduced spending by oil majors are continuing to hurt the oil industry, with a new round of layoffs in full swing. But, some, at least, are seeing the possibility of light at the end of the tunnel. The gloom…
Statoil has started work planning a well on the Verbier prospect in the UK North Sea, according to partner Jersey Oil & Gas (JOG). The Fugro Galaxy survey vessel has arrived in the Verbier license under contract to Statoil, ahead of a potential exploration drilling program…
Mekers Offshore launched its first in a series of liftboats at Dajin Heavy Industries yard in Jiangsu, China. The self-elevating liftboat is a four-legged, DP2, self-propelled vessel with a working depth of 70m. It can house up to 250…
Danish utility and oil firm DONG Energy is laid claim to being the first company worldwide to have installed 1000 offshore wind turbines. Its offshore wind turbine number 1000 was commissioned at the German offshore wind farm Gode Wind 2…
Norwegian oil services investment firm Akastor has agreed to sell Fjords Processing to National Oilwell Varco for US$145.7 million on a debt- and cash-free basis. Fjords is a leader in complete process support systems for gas, oil and water…
BP Trinidad and Tobago (bpTT) started drilling at Amherstia, offshore Trinidad, using the newest addition to its fleet, the Joe Douglas 240C jackup, with expectations to drill up to four new wells. The Joe Douglas…
Sandvik presented its wide range of corrosion-resistant products including umbilical tubing, OCTG tubing, downhole control lines, hydraulic lines for drilling risers, tubing for sand screens, subsea piping material, welding products and slicklines…
Dutch marine contractor Boskalis revealed details of a new offshore transport and crane vessel to join its fleet. The vessel will be a conversion of one of its existing F-class heavy transport vessels. It is being equipped with a 3000…
ExxonMobil's Liza discovery, offshore Guyana, has upped its potential due to the company's successful run at the Liza-3 appraisal well, according to partner Hess Corp. The Steana Carron, from Stena…
The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea…
Fugro has been awarded the contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within its wind development lease, offshore Massachusetts. Fugro’s state-of-the-art, 105m drilling vessel M/V Fugro Synergy will perform the study…
Saipem has revealed a strategic plan that will allow the company to face more challenging market conditions that will see the company split into five divisions. The company said that recovery is expected to take longer than previously estimated…
Cargotec is looking to save more than US$27 million per year with a cost saving program that will result in the loss of 260 full time employees at MacGregor. According to preliminary estimates, efficiency improvement actions seek the…
Sembcorp Marine posted a 26% loss in its group revenue that resulted in the rig builder to cut about 8000 jobs amid the tough operating environment, the company revealed in its Q3 2016 and nine month results. Image of the Safe Zephyrus…
GranEnergia and Prumo Logística have formed the joint venture, Dome, to offer integrated service solutions for the oil and gas industry. Açu Port. Image from Prumo. Dome will be centralized in Açu Port in Brazil…
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