Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report.It was the first report in which OPEC assessed oil markets next year…
Norway's ship recycling firm Green Yard is taking over the cash strapped Kleven Verft shipyard after the latter recently filed for bankruptcy.In a press release issued on Tuesday, and titled 'Kleven is saved!,' Kleven said that Green Yard had…
Oil and gas company Neptune Energy has joined the European Clean Hydrogen Alliance, supporting the development of the EU’s hydrogen strategy.The alliance was launched last week (pdf), bringing together industry, public authorities and civil society…
Floating wind turbine developer Saitec Offshore Technologies is installing bird monitoring collision risk reduction system at its BlueSATH testing project, Saitec's first offshore wind deployment in Spain.BlueSATH testing project will take place…
Norwegian oil firm Aker BP and its partners plan to invest more than 50 billion Norwegian crowns ($5.30 billion) in the NOAKA development off Norway, the company's chief executive said on Tuesday.The NOAKA area located between the Oseberg and…
Australia's Woodside Petroleum Ltd plans to book impairments of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a coronavirus-induced slump in oil and gas prices.The bulk of the impairment - $3…
Norway's Equinor has made a minor, but potentially commercial, oil discovery in the production license 089 in the North Sea around 160 kilometers west of Florø, Norway.The objective of the exploration well was to prove petroleum in reservoir…
Norwegian engineering company Head Energy has secured a contract extension with Wintershall Dea in Norway.Head Energy was awarded the frame agreement for modifications at the Brage offshore platform in Norway in 2016. Wintershall Dea has now…
Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting…
Norwegian oil firm Aker BP on Tuesday beat second-quarter pretax profit expectations helped by record output and a partial reversal of impairments from the previous quarter as oil prices rose.Pretax profit fell to $151 million from $249 million a year earlier but beat a forecast of $91…
Offshore geoscience and geotechnical engineering consultancy, Cathie has teamed up with marine, offshore and engineering consultancy, Global Maritime in the sphere of jack-up rig services.More specifically, the duo promises to offer a 'holistic'…
Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials to clinch lucrative oil projects as the war-ravaged country tried to boost exports after the fall of Saddam Hussein in 2003…
UK-based subsea services provider Rever Offshore has said it has completed a contract awarded by Serica Energy for work at the Rhum field in the North Sea.Throughout the two-week campaign, Rever Offshore deployed the multi-purpose dive support and offshore construction vessel…
Offshore wind turbine maker MHI Vestas Offshore Wind is further boosting Taiwan's local offshore wind supply chain with the decision to source fasteners and cables locally.The company has previously announced contracts in Taiwan for local supply of blades…
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms.Another Petrobras employee fell visibly ill the following day…
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