Netherlands-based Sif Holding N.V. announced that Dredging International has awarded to Sif the production of 58 monopiles and the primary steel of the transition pieces for SeaMade offshore wind farm.The manufactures steel foundations to the…
Norway's Petroleum Safety Authority (PSA) has told Transocean, Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on 22 offshore oil rigs, it said on Wednesday.Drilling rigs are equipped with enclosed…
U.S. crude inventory declined again last week, reducing fear of a repeat 2014/16 oil glut occurring. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates a small inventory fall of 1.2 million barrels in the week ended December 7…
Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…
Japan's largest trading company Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL)…
Oil prices ended more than 2 percent higher on Friday after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were capped by concerns that the cuts would not offset growing production…
Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor, in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.While Faroe Petroleum's Chief Executive Graham…
New North Sea, Baltic Sea pipeline adds to Norway’s $20.5 billion 2019 spendNorway — that most capital-intensive of oil provinces — will see investments offshore increase by $2.34 billion in 2019, after a year that saw seven oilfield projects…
UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership.'Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019…
Shares in Faroe Petroleum skyrocket 25 percent, as DNO’s takeover bid targets company that engineered low breakeven price.Oil prices might have fallen 30 percent since September’s highs, but there’s still great business to be had for Norway-based North Sea asset player DNO…
Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge, the second phase of the development of the Clair Field, 75 kilometers west of Shetland…
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum…
Norway-based provider of marine geophysical services Shearwater GeoServices Holding announced the completion of the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger…
Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queiroz Galvão Exploração e Produção S.A in Brazil.The contract has a duration of…
Norway's Havila Shipping has entered into a charter contract with Equinor UK for the platform supply vessel (PSV) Havila Borg.The offshore service vessel (OSV) operator said in a press release that the contract was for approximately four months for the Havila Borg…
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