Kim Heng Offshore & Marine, Singapore's offshore vessel provider, and offshore wind player, is setting up a new subsidiary named Zale, focused on subsea and emergency response services.Kim Heng said Friday that a new fully owned subsidiary Zale had been incorporated in Singapore…
Oil slid more than 3% towards $40 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.Coronavirus cases rose in 22 of the 50 U.S. states…
U.S. Gulf of Mexico offshore oil output on Wednesday was down by 368,223 barrels per day, or 19.9% of the region's daily production, the U.S. Department of Interior reported, as energy companies restarted more activity in the aftermath of Hurricane Laura…
Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company…
Norwegian energy giant Equinor has entered into a consortium with Japanese power companies JERA and J-Power to jointly evaluate and work towards submitting a bid for offshore wind power projects in Akita Prefecture off Noshiro City, Mitane Town…
Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of accelerating.Global energy…
Deme Offshore has completed the installation of 94 Siemens Gamesa offshore wind turbines at Ørsted's 752 MW Borssele 1 & 2 offshore wind farm in the Netherlands.This is the first time that Siemens Gamesa's 8 MW offshore wind turbines will be used for a commercial project…
Oslo-listed offshore vessel owner GC Rieber Shipping last week completed the sale of its Polar King construction support vessel to, at the time, unnamed buyers.It has now been revealed that the 2011-built vessel was sold to the Greek-based Asso…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
Airborne Oil & Gas has received an order for the delivery of two Thermoplastic Composite Pipe (TCP) Jumpers, in what the company says is the first time its TCP technology is being used in the region.The Dutch company has been contracted by Subsea 7 to supply 2” 10…
An idled oil storage facility off Venezuela's eastern coast is in 'satisfactory' condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards…
Applied Research Associates, Inc. (ARA) announced Dr. Tom Coolbaugh has joined the team as the Program/Facility Manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility. He will have oversight of the day-to-day operations…
Offshore engineering, construction, and services provider McDermott has won a contract with Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline at its Sisyphus project. The pipeline will connect a regasification platform…
Coastwise Offshore Services and Next Generation Shipyards signed a contract for the building of a new type of vessel, an aluminum vessel for the offshore wind-industry, with an option for three additional vessels. The signing took place at Next Generation Shipyards on Lauwersoog…
Guyana has re-launched a search for a company to market the government's share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country's newspapers.President Irfaan Ali's government scrapped a previous…
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