Latest News


US Judge Proposes CITGO Auction Solution

Nov 20, 2024

The U.S. judge overseeing an auction of shares in a Citgo Petroleum parent to pay Venezuela-linked creditors on Wednesday proposed major procedural changes to advance a case stalled by wide opposition and lawsuits by creditors in other courts…

MSE Int'l Wins Funding for Port Recharging Project

Nov 20, 2024

MSE International has won funding from TRIG 2024 to lead a new project, PRIMET; Port Recharging Infrastructure for Maritime Energy Transition.The project will accelerate the roll-out of port and harbor infrastructure needed to support the rapid…

EIA: US Crude, Gasoline Inventories Rise

Nov 20, 2024

U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday.Crude inventories rose by 545,000 barrels to 430…

ExxonMobil Pulls Out from Block Offshore Suriname

Nov 20, 2024

Suriname's state-run oil company Staatsolie said on Wednesday that ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.'The withdrawal is part of the ongoing evaluation of assets in ExxonMobil's global portfolio…

Vard Secures Five Vessels Order for Oil and Gas Sector

Nov 20, 2024

Norwegian shipbuilder Vard has signed a contract for the design and construction of five Walk-to-work vessels with an international customer, which will be put to service for offshore oil and gas platforms.The vessels are of VARD 3 32 design…

AST Reygar Launches SOV Remote Monitoring System

Nov 20, 2024

AST Reygar has introduced its BareFLEET remote monitoring system, a solution designed to optimize Service Operation Vessels (SOV) performance in real-time, while providing long-term operational insights.BareFLEET delivers actionable insights across key areas…

NOV’s GustoMSC Presents Quick Connector for Heavy Lift Cranes

Nov 20, 2024

NOV has introduced the Quick Connector, developed by its subsidiary GustoMSC, to enhances the safety and efficiency of offshore lifting operations across the offshore energy industry.As countries seek to increase their renewable energy capacity and reduce carbon emissions…

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Nov 20, 2024

Malaysia-based offshore services firm Sapura Energy, through its wholly owned subsidiary Sapura Fabrication, has secured a contract from Petrobras for offshore maintenance, construction, modification and hook-up and commissioning services for the Sarawak asset…

HSM Offshore Rolls Out High Voltage Substation for Thor Offshore Wind Farm

Nov 20, 2024

HSM Offshore Energy has rolled out the Thor Offshore High Voltage Substation (OHVS) and lifted the GIS modules for RWE at its Schiedam yard in the Netherlands.Upon completion, Thor will be Denmark’s largest offshore wind farm, with a planned capacity of 1058 MW…

ABL Expands Maritime Consultancy Services to New Zealand

Nov 20, 2024

Energy and marine consultancy ABL has expanded its global presence with a new office in New Zealand, to support the country’s growing maritime and offshore energy markets.The ABL New Zealand office will be led by experienced maritime professional Morwenna Vye…

Cesscon Sets Up Australian Unit with Eyes Set on $40B Oil and Gas Decom Prize

Nov 20, 2024

Oil and gas decommissioning specialist CessCon Group has established a regional headquarters in Perth, marking its entry into the Australian market with the aim of capitalizing on the $50 million decommissioning opportunity for aging oil and gas platforms in the country…

Shelf Drilling’s Jack-Up Gets Suspension Notice for Ops in Saudi Arabia

Nov 20, 2024

Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island IV jack-up rig from Saudi Aramco.The suspension is for up to one year, according to Shelf Drilling, which added it has the right to market the rig during the suspension…

Norway's O&G Production Beats Expectations

Nov 20, 2024

The Norwegian Offshore Directorate said that Norway's oil and gas production in October exceeded the official forecast by 5 percent.Norway is Europe's biggest supplier of natural gases and oil. However, output can vary from month to months depending…

TGS Hooks 3D Streamer Contract Offshore India

Nov 20, 2024

Norwegian seismic company TGS has secured a 3D streamer contract for Oil and Gas Natural Corporation (ONGC) in the Mahanadi basin on the East Coast of India.The Ramform Sovereign vessel is scheduled to mobilize for the survey in January 2025…

Current News

Misunderstanding General Average Concepts Could Harm Offshore Operators

US Judge Proposes CITGO Auction Solution

MSE Int'l Wins Funding for Port Recharging Project

EIA: US Crude, Gasoline Inventories Rise

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