Diamond Offshore Drilling Inc reported a smaller-than-expected quarterly loss on Monday, helped by new contracts for the company's deep-water rigs. Rig utilization was at 52 percent during the first quarter, from 47 percent last year, even as average day rates…
With the last module of the Johan Sverdrup riser platform lifted into place, the first of four topsides of the next North Sea giant has been installed.“It’s a special feeling to see the first Johan Sverdrup platform in place, even a few days…
Ampelmann has opened its first office in Germany, in response to growing business in the offshore wind sector. The new base, located in Hamburg, will be led by Tim Börner, who has been appointed as Business Development Manager Offshore Wind Germany for Ampelmann…
Subsea services company Kreuz Subsea has mobilized the recently delivered newbuild dive support vessel, Kreuz Challenger, as part of its seven-year contract with Brunei Shell Petroleum Company Sdn. Bhd. (BSP).The contract, which runs until 2022…
Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday.'We certainly have not pulled out, we're working with them,' CEO Claudio Descalzi said on the sidelines of a conference…
The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world's largest oilfield services provider…
A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life…
Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possibility to build an onshore oil terminal, Norway's oil minister said on Tuesday. 'I'm optimistic. I think it's important that…
Fugro is set to commence a site characterization program at the Hollandse Kust (noord) Wind Farm zone. Carried out under a further contract for the Netherlands Enterprise Agency (RVO.nl), part of the Ministry of Economic Affairs and Climate Policy…
Almost 35,000 private-sector workers organised by Norway's largest labour unions plan to go on strike from April 8 unless a deal is found over wages, pensions and other compensation, the unions said on Tuesday. The first wave of a strike…
Brazilian oil Secretary Marcio Felix said on Thursday the ministry will seek to auction two choice oil blocks located in the offshore Santos basin in a June pre-salt auction. The two blocks were eliminated from Thursday's auction by a surprise court decision on Wednesday…
Sapura Exploration & Production (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Berhad (“the Group”, formerly known as SapuraKencana Petroleum Berhad), together with its joint venture partners DEA Deutsche Erdoel Mexico and Premier Oil have been awarded Block 30 in Sureste Basin…
German Innogy on Monday said it was working with Ireland's Saorgus Energy to develop a 600 megawatt Dublin Array offshore wind project, adding it had taken an equal share in the asset. 'I am delighted that we have secured our involvement in a second Irish project…
Vietnam's state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its 'Red Emperor' project off the country's southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time…
Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31…
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