World’s largest construction vessel gets first-ever drone delivery
Allseas’ giant Pioneering Spirit offshore construction and decommissioning vessel was the home of the first-ever drone to vessel delivery in the Netherlands last week. The Pioneering Spirit is...
View ArticleProsafe dives deeper into the red over impairment charges
Prosafe, a provider of offshore accommodation rigs, sank deeper into the red in the first quarter of 2020 due to impairment charges resulting from the oil price collapse and the coronavirus pandemic....
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Coral Sul FLNG gets first topside module
South Korea’s shipbuilder Samsung Heavy Industry has lifted the first topside module onboard the Coral Sul floating liquefied natural gas unit that will be used for a project offshore Mozambique....
View ArticleTGS starts Atlantic Margin 20 seismic shoot
TGS has started the acquisition of Atlantic Margin 20 (AM20) 3D multi-client seismic project offshore north-west Europe. The AM20 survey covers the latest APA19 awards in the Norwegian Sea and extends...
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GALLERY: Island Offshore starts Johan Castberg anchor system job
Island Victory, Island Offshore’s installation vessel, has started working on an enormous anchor system being deployed at Equinor’s Johan Castberg field in the Barents Sea. Island Offshore said on...
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Petrofac kicks off well decommissioning job in UK
Petrofac’s Engineering & Production Services business (EPS) has begun the activity on its previously awarded well decommissioning contract for the Rubie and Renee fields located off the UK....
View ArticleHurricane granted more time for UK well work
Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities due to disruptions caused by the coronavirus pandemic. In...
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UK approves plan for removal of floaters from North Sea fields
UK authorities have approved the plan for the removal of the Petrojarl Banff FPSO and Apollo Spirit FSO from Canadian Natural Resources’ Banff and Kyle fields in the UK sector of the Central North...
View ArticleOMV ready to drill Norwegian Sea well after getting green light from regulators
Austrian oil and gas company OMV is ready to drill an appraisal well in the Norwegian Sea following an offshore safety approval for the use of a rig and the receipt of a drilling permit from Norwegian...
View ArticleContinued scrapping of rigs needed to balance demand and supply, Maersk...
Offshore drilling contractor Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply amid difficult circumstances in the offshore...
View ArticleNeptune pushes back several project start-up dates despite ‘strong quarter’
Despite the challenges of COVID-19 and weaker commodity prices, Neptune Energy had a strong first quarter but still decided to push back several project start dates to smoothen investments through...
View ArticleApache stock to become exclusive to Nasdaq
Houston-based oil and gas company Apache Corporation has chosen to list its common stock solely on the Nasdaq Stock Market beginning 9 June 2020. Apache said on Wednesday that it would discontinue the...
View ArticleConocoPhillips closes sale of northern Australia assets to Santos
ConocoPhillips has completed the sale of its subsidiaries that hold its northern Australia and Timor-Leste assets and operations to Santos. The two energy giants entered into an agreement for the sale...
View ArticleSiem Offshore gets breathing room after standstill deal with lenders
Norwegian shipping company Siem Offshore has found a way to improve its cash flow and liquidity to be able to operate in a challenging offshore market by entering into a standstill agreement with its...
View ArticlePetrofac wins extension for work on Iraq’s crude oil export project
Oilfield services provider Petrofac has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). The company...
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Subsea 7 cutting 3000 jobs
Subsea 7 Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Posted: 28 days ago Subsea 7 plans cost cuts as loss doubles Categories:...
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Aker BP gains consent to use Maersk Invincible rig on Valhall field
Norwegian oil company Aker BP has received consent from the Petroleum Safety Authority (PSA) for plugging and removal work at the Valhall drilling platform off Norway using the Maersk Invincible...
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Equinor to restart Hammerfest LNG plant on June 18
Norwegian energy giant Equinor plans to bring back online its Hammerfest liquefied natural gas export plant on June 18 following planned maintenance. Hammerfest LNG (Image by Harald Pettersen /...
View ArticleMelbana granted extra time for Beehive work obligations
Australian offshore regulator has granted Melbana Energy the approval to suspend the deadline for completion of the current WA-488-P permit year work obligations by 12 months. Melbana Energy said on...
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Norway shows lowest and Canada highest upstream carbon footprint, Rystad says
Due to an energy-intensive process of extracting its heavy oil, Canada has the highest carbon emission intensity per barrel of oil equivalent produced, while Norway has the lowest due to its carbon...
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