Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon had in January postponed the deadline from…
Eversendai Offshore has been awarded construction contracts by Petrofac for two offshore wind projects in Europe, Bursa Malaysia-listed Eversendai said Monday.The first contract is for the fabrication and construction of an offshore wind substation platform topside…
UK-based oil and gas company Independent Oil and Gas plc (IOG), has awarded a well management contract to Petrofac for its Core Project Phase 1 in the UK Southern North Sea.The Core Project Phase 1 will develop and bring online the Southwark…
The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.'The crisis we are now in hasn't…
Australian oil and gas company Melbana Energy has been given more time to work on its Beehive offshore prospect in the Bonaparte Basin off W. Australia.The company said Friday that the National Offshore Petroleum Titles Administrator had approved…
Japanese trading house Sumitomo Corp said on Friday it and seven other Japanese firms have formed a consortium to jointly bid at a planned auction for an offshore wind power project near the cities of Noshiro, Mitane, and Oga in Akita, northern Japan…
Norway's government has further raised its projected 2020 spending from the country's sovereign wealth fund to 424.6 billion Norwegian crowns ($43.67 billion) from 419.6 billion seen on May 12, it said on Friday.The so-called structural non-oil deficit corresponds to 4…
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…