The International Marine Contractors Association (IMCA) has said that it continues its work to have all offshore energy workers recognized as 'key workers', in order to facilitate the efficient movement of personnel during the Covid-19 pandemic…
UK oilfield services company Petrofac has secured a further six-month contract extension with Basra Oil Company (BOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).The contract extension was awarded to Petrofac's Engineering & Production…
The U.S. Coast Guard on Thursday medevaced a crewmember from the offshore support vessel RMS Citation approximately seven miles offshore Corpus Christi, Texas.Coast Guard Sector/Air Station Corpus Christi watchstanders received a request for…
Dutch jack-up services company Seafox has ended its pursuit to acquire rival Gulf Marine Services.After it in April floated an idea about the possible takeover of GMS, the GMS board rejected the plan deeming the move opportunistic, valuing the company's equity 'at only US$32 million…
Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm…
The first offshore wind turbine has been installed at the Borssele III/IV wind project in the Dutch North Sea, the turbine builder MHI Vestas Offshore Wind has said.'The first turbine at the 731.5 MW Borssele III/IV offshore wind project has…
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.Despite that performance…
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was discharged…
Norway's offshore safety authority PSA Norway has completed its investigation into the cylinder burst incident that happened aboard Equinor's Heimdal platform off Norway in November 2019.The incident, in which two workers were seriously injured…
Offshore installation and construction specialist Subsea 7 will cut 3000 jobs by 2021, and reduce its active vessel fleet, it said in a statement on Thursday.Subsea 7 a month ago said that with the deterioration in the outlook for new oil and gas awards…
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp…
South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project.Sources told Reuters last week that Total had secured $14…
Italian marine cable installation company Prysmian has won an €80 million contract to provide the submarine inter-array cable systems for the Saint-Brieuc offshore wind farm in France.Under the contract awarded by the wind farm developer Ailes…
U.S. oil company ConocoPhillips has completed the sale of its Australia-West assets and operations to Australia's Santos.The two companies in October 2019 struck a deal for Santos to acquire ConocoPhillips’ northern Australia business with operating interests in Darwin LNG…
The UK authorities have approved Taqa's decommissioning program the Eider platform topside in the UK North SeaThe Eider platform is located in Block 211/16a in the UK Northern North Sea. The field was discovered in May 1976 by Shell / Esso with…