The United States called on China on Saturday to stop 'bullying behavior' in the South China Sea and said it was concerned by reports of Beijing's 'provocative actions' aimed at offshore oil and gas developments in the disputed waters.Three…
Schlumberger NV, the world's largest oilfield services firm, on Friday reported a first-quarter loss due to $8.5 billion in charges, as customers accelerated spending cuts amid the continuing decline in oil prices.Crude prices plunged 60% in…
Belgian shipping and offshore company Exmar outlined its leadership succession plan following the April 4 death of board chairman Baron Philippe Bodson due to the novel coronavirus.Nicolas Saverys, previously CEO of Exmar, will take up…
A Chinese government survey ship is tagging an exploration vessel operated by Malaysia's state oil company Petronas in disputed waters in the South China Sea, three regional security sources said on Friday.China's Haiyang Dizhi 8 entered waters near Malaysia on Thursday…
Australian offshore vessel owner traditionally providing vessels in support of the Australian oil and gas industry has secured a contract in the offshore wind space in Taiwan.The company, MMA Offshore, said Friday it had won a contract with…
Norwegian shipbuilder Vard has said it has won a contract to design and build a Service Operation Vessel (SOV) for Ta San Shang Marine.The news comes a day after Orsted confirmed it would charter a newbuild SOV from Ta San Shang - a JV between MOL and TTM - on a 15-year deal…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
Norway's oil production fell in March from the previous month, missing official forecasts by 4.4% due to technical problems at some fields, the Norwegian Petroleum Directorate said on Friday.The country's crude oil output was down by 4.5% month-on-month from February to 1…
U.S. oil giant Chevron has sold its stake in the BP-operated offshore oil fields in the Caspian Sea in Azerbaijan to Hungary's MOL for $1,57 billion.More specifically, Chevron sold its non-operating interests in the Azeri-Chirag-Deepwater Gunashli…
Norwegian seismic company TGS has started a 3D seismic survey offshore The Gambia.The acquisition is being carried out together with the seismic vessel contractor BGP, using the BGP Prospector vessel. 'This vessel steamed south after recently completing another 3D seismic survey in northern Senegal…
Royal Dutch Shell Plc resumed production at its 100,000-barrel-per-day Perdido deepwater hub in the U.S. Gulf of Mexico on Tuesday, ending a days-long halt caused by an onshore pipeline leak.Perdido production would return to its usual capacity by late Wednesday…
Italian oilfield services company Saipem has shared a video of one of its offshore drilling rigs passing the Bosphorus Strait in Turkey, earlier this week.The Scarabeo 9, Saipem's semi-submersible drilling rig, on Monday crossed the Bosporus Strait for the fourth time in its history…
Depro AS and VideoRay LLC announced a new partnership to develop and field lighter and less expensive equipment for underwater operations, primarily in the oil and gas sector.Depro AS is an engineering, procurement, construction (EPC) supplier…
Italian oil and gas contractor Saipem said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.In a statement, the company said its board had acknowledged the pandemic might trigger a sharp fall in demand and a delay in projects…
Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been…
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