Crane specialist Liebherr will deliver what it describes as offshore cranes of the latest generation for Caspian Sea platforms, offshore Azerbaijan.Liebherr-MCCtec Rostock has received an order from Umid Babek Operating Company to deliver four…
UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners.Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it…
Oil prices rose to their highest since early March on Wednesday on data showing a big drop in U.S. crude inventories, and a weak dollar, but mounting coronavirus infections weighed on the demand outlook.Brent crude was up $1.63, or 3.67%, at $46…
Reach Subsea, Oslo-listed subsea services provider for the offshore energy sector, has added to its contract backlog.The company had in its 1Q 2020 report said that it had secured 750 project days (representing 1,250 ROV days) for the remainder of 2020…
Norwegian offshore vessel owner Havila Shipping has secured contract extensions for two of its platform supply vessels.Havila said that Total DK, a Danish subsidiary of the French oil major Total, had extended the contracts for the Havila Fanø and HavilaHerøy vessels…
Mexico's oil regulator said on Tuesday the country's total proven oil reserves as of Jan. 1 stood at 8.062 billion barrels of oil equivalent (boe), up 2.1% from a year earlier.Oil reserves as of the beginning of 2019 totaled 7.897 billion boe…
U.S. offshore oil and gas producer Fieldwood Energy said Tuesday it had filed for chapter 11 bankruptcy to restructure the company.The company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas…
Norwegian seismic data provider TGS on Friday announced a return to Argentina to complete the previously announced 17,800 square kilometer Malvinas 3D Multi-Client survey. The acquisition is set to restart in Q4 2020 on what TGS said was a 'highly- funded survey…
The German Federal Ministry of Economic Affairs and Energy has sent a funding confirmation to partners working on the WESTKÜSTE 100 green hydrogen project.The WESTKÜSTE 100 project, which will produce green hydrogen via electricity generated by offshore wind turbines…
Oil and gas company Neptune Energy has stopped a drilling operation in the Norwegian Sea after COVID-19 cases identified aboard the offshore drilling rig West Phoenix.The Seadrill West Phonix semi-submersible drilling rig is currently on assignment for Neptune in the Norwegian Sea…
NEO Energy, a North Sea-focused oil and gas company has hired Fraser Well Management (FWM) to operate the Victoria well, a shut-in gas condensate well located off the Lincolnshire coast in the southern North Sea.FWM, the well engineering and project management specialist…
Italian shipbuilding firm Fincantieri, and its compatriot energy services company Saipem have signed an agreement to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 meters in depth…
Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…
Dutch offshore services provider Fugro said Tuesday it had delivered 'the first fully remote inspection of an oil and gas platform in UK waters.'The operation took place 250 km east of Scotland, using a remotely operated vehicle (ROV) and Fugro’s remote operations center (ROC) in Aberdeen…
Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio…
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