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PHOTO: Heerema's Sleipnir Installs First Tyra Topsides

Aug 31, 2021

Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has lifted and installed the first new topside for TotalEnergies' Tyra redevelopment in the Danish North Sea.Noreco, TotalEnergies' partner in the project, shared the photos of the installation via social media on Tuesday…

Maersk Supply Service Nets One-year Vessel Charter Extension in Angola

Aug 24, 2021

Danish offshore vessel operator Maersk Supply Service has secured a one-year contract extension for one of its subsea support vessels in Angola.In a social media post on Monday, Maersk Supply Service said it would provide the full scope IRM services for an undisclosed oil major in Angola…

Wood Expects $500M Worth of CCUS Projects Coming to Market in Medium Term

Aug 18, 2021

UK-based engineering firm Wood said Wednesday it expected continued growth in the carbon capture utilization and storage market, with circa $500M worth of potential CCUS projects coming to market in the medium term.'Wood has strengthened its…

Solstad Offshore Nets Medium-term Deals for Offshore Construction Vessel Duo

Jul 21, 2021

Norwegian offshore vessel owner Solstad Offshore said Tuesday it had secured two contracts for its large construction vessels.The medium-term contracts are for the vessels Normand Navigator and Normand Frontier.The Normand Navigator, a 142,6 meters long vessel built in 2015…

Drilling Starts at Block No. 1 Offshore Bahrain

Jun 24, 2021

Bahrain's National Oil and Gas Authority (NOGA) started drilling the first exploration well in offshore block No. 1 to the north of the kingdom, a government media adviser said on Twitter on Wednesday.The new well is part of an exploration and…

Solstad Offshore Sells Platform Supplier

May 10, 2021

Solstad Offshore's subsidiary Farstad Supply has sold its platform supply vessel Far Splendour.According to Solstad, the 74 meters-long vessel was delivered to the new owner on Monday, May 10, 2021.'The sale of the vessel will result in an immaterial accounting effect for Q2-2021…

Equinor Urges Shareholders to Reject Activist's Emissions Targets Proposal

Apr 19, 2021

Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products.The majority state-owned company has pledged to boost investment in renewables…

CNOOC to Start Production from Lingshui 17-2 Offshore Field in H1 2021

Mar 26, 2021

China’s offshore oil and gas major CNOOC Ltd is expected to start production at Lingshui 17-2, a large deepwater natural gas deposit in South China Sea, in the first half of 2021, the company executive said on Thursday.Lingshui 17-2 is CNOOC’s first fully-owned deepwater gas project…

Rystad: E&P Spending in 2021 Could Reach $380B. Return to Pre-Crisis Levels Uncertain

Nov 24, 2020

Investments from the global oil and gas exploration and production companies (E&P) in 2021 are forecasted to reach around $380 billion, almost flat year-on-year, a report by Rystad Energy shows.Approximately 20% or $76 billion of the estimated…

HeliService Wins Two North Sea Gigs

Oct 27, 2020

German offshore helicopter transportation company HeliService has won offshore wind-related contracts with TenneT and Deutsche Windtechnik.In a social media post on Tuesday, HeliService said that it would as of November 2020 exclusively conduct all hoist flights for Tennet in the Dutch North Sea…

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Sep 23, 2020

U.S. oil giant Chevron Corp has asked employees globally to delete Tencent Holdings Ltd's WeChat from their work phones, following the Trump administration's executive order to ban the social media app, Bloomberg News reported https://bloom…

Jack-Up Rig Market Short to Medium Outlook Bleak, Shelf Drilling CEO Says

Aug 13, 2020

Jack-up drilling rig contractor Shelf Drilling has reported a sequential drop in quarterly revenue, citing rig utilization levels fall, and decreased day rates due to the COVID-19 pandemic.Revenue was $155.0 million in Q2 2020 compared to $181…

Insurgents Seize Port Near Total's Mozambique LNG Project

Aug 12, 2020

Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks…

Former Pemex CEO Arrives in Mexico to Face Bribery Charges

Jul 17, 2020

A former boss of Mexican state oil company Petroleos Mexicanos arrived back in Mexico on Friday where he will face an initial court hearing to answer corruption charges that could engulf leaders of the last government.Emilio Lozoya, who was extradited back to Mexico from Spain overnight…

DNS Sharing Offshore Decommissioning Expertise with Brunei

Jun 17, 2020

Decom North Sea, a UK-based non-profit organization focused on knowledge sharing in the space of offshore oil and gas decommissioning sector, is expanding in Asia with a deal struck in Brunei.DNS on Wednesday announced the creation of a 'landmark…

Logistics News

Conflict Heating Up Over Cosco's Megaport in Peru

Conflict Heating Up Over Cosco's Megaport in Peru

McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M

McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M

Container Ship Deliveries Hit YTD Record

Container Ship Deliveries Hit YTD Record

Insurance Coverage and the Key Bridge Collape

Insurance Coverage and the Key Bridge Collape

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