Offshore seismic services provider Polarcus is reducing its headcount further by 20 percent, the company said Monday, citing the market uncertainty and bleak near-term outlook caused by low oil prices and COVID-19.Oslo-listed Polarcus had on…
Norwegian oil company Vår Energi is taking the Jotun FPSO ashore for upgrades, as part of a project designed to extend the life of the Balder Area in the Norwegian part of the North Sea.The FPSO, which has been producing oil from the Jotun field in the North Sea since 1999…
Norwegian offshore engineering and construction company Aker Solutions will deliver umbilicals for Murphy's King's Quay offshore project in the U.S. Gulf of Mexico. Aker Solutions said Wednesday that the contract for the delivery of umbilicals was awarded to it by Subsea 7…
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit an all-time high in May.Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U…
Danish wind farm developer Ørsted and Belgium installation contractor DEME Offshore have completed the installation of the 94 foundations at the Borssele 1&2 offshore wind farm location in the Dutch North Sea.The foundations were installed by DEME’s installation vessel ‘Innovation’…
A consortium of Bouygues, Saipem, and Boskalis has been awarded the contract for design, construction, and installation of 71 concrete Gravity-Based Structures (GBS) which will serve as foundations for the Fécamp offshore wind farm turbines in Normandy…
After a tender procedure, Dutch shipyard Royal Niestern Sander and a joint-venture between Russia's Mercury Sakhalin and Pola have signed an agreement for the construction of the world’s first shallow draft ice-breaking walk to work vessel. After delivery in December 2021…
The article originally titled 'Yme Start-up Date Uncertain as COVID-19 Delays Maersk Inspirer Works' has been updated to include a statement by the Repsol spokesperson who has confirmed the start-up is now expected in 2021.Spanish oil firm Repsol…
Allseas' giant Pioneering Spirit offshore construction and decommissioning vessel last week provided a stage for what is believed to be the Netherlands’ first drone to vessel delivery.Mobilizing in Rotterdam’s Alexiahaven for upcoming platform removal projects…
Gulf Marine Services PLC (GMS), a UAE-bases supplier of offshore jack-up service units, has won a seven-month contract for one of its E-Class (large) vessels, and an extension for a smaller unit.Under the 7-month contract which also includes extension options…
Tanker operator AET has taken delivery of Eagle Petrolina shuttle tanker which will be used to offload oil from Petrobras' offshore oil platforms in Brazil.The Eagle Petrolina, built by South Korea's Samsung Heavy Industries, is the first of…
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease.Brent crude futures were up 1.4%, or 48 cents, at $36.01 a barrel by 1210 GMT…
Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts.Brent had eased by 5 cents…
Gas produced from the offshore platforms in the UK North Sea is less carbon-intensive than LNG imported in the UK, the UK oil and gas regulator OGA said Tuesday.According to the OGA analysis, the production of natural gas from the UK Continental…
Malaysia's Uzma Energy Ventures has said that the Tanjong Baram small field risk service contract between Petronas and Uzma & EnQuest joint venture has been terminated.The contract's objective was to develop and produce petroleum from the Tanjong Baram field…
Subscribe
