The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico…
U.S. oil and gas producer Hess Corp reported a bigger quarterly loss on Wednesday, hurt by lower oil prices as the COVID-19 pandemic sapped global energy demand.Crude prices sank to historic lows in April as economic activity plummeted across…
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and…
Oil major Chevron Corp expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44% from 38% last year, the company said in a statement…
Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday, though the firm indicated output may improve in certain regions.In a securities filing, Petroleo Brasileiro SA…
TDI-Brooks’ newest vessel R/V Miss Emma McCall has recently completed its first projects for the U.S.-based marine data acquisition services company on behalf of Total and Cairn Energy offshore Mexico. TDI-Brooks has the vessel on a long-term bare-boat charter from Cameron Offshore Boats…
Marine seismic contractor Polarcus saw its second-quarter revenue fall due to contract cancellations and lower dayrates caused by the slump in oil prices and the oil companies' exploration budget cuts that followed. During the quarter, the company saw its vessel utilization drop to 50%…
Norwegian oil services firm Aker Solutions said on Wednesday the outlook has improved for the second half of the year with oil prices partly recovered from the lows in April and Norway offering tax incentives for the oil industry.Its full-year 2020 revenue…
Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
Mediterranean shiprepair facility Gibdock reports it completed a two-vessel drydocking and maintenance and repair project for Shearwater GeoServices.The Gibraltar-based repair and conversion specialist worked on the seismic research vessels Oceanic Sirius…
Ørsted and Van Oord have successfully installed all 94 array cables connecting the turbines of the Borssele I & II offshore wind farm in the Dutch sector of the North Sea. The installation started, ahead of schedule, in February this year.The…
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses…
Swedish company Trelleborg is set to exhibit its NjordGuard cable protection system at a virtual offshore wind conference taking place later this month.Per Trelleborg, the NjordGuard is a unique cable protection system designed and developed to protect offshore wind farm power cables…
Thirty-two years ago, on July 6, 1988, one of the offshore oil and gas industry's worst-ever disasters struck - the explosion of the Piper Alpha platform in the UK North Sea. To this day, the disaster is the worst ever in the industry by the numbers of lives-lost…
Dutch FPSO supplier SBM Offshore has closed a US$600 million bridge loan facility for the financing of the construction of FPSO Sepetiba (formerly known as Mero 2) destined for deployment in Brazil with Petrobras.SBM Offshore said the loan was…
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