UK subsea players remain cautiously optimistic
SMEs operating in the UK’s £7.8-billion subsea supply chain are cautiously optimistic about the next…
Offshore Business
Borssele Beta cable work to cost TenneT € 50 million more
Works to install the Borssele Beta export cable in the Netherlands will set TenneT back…
Subsea 7 cutting 3000 jobs
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier…
Axxis Geo Solutions swings to profit
Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked…
Neptune 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…
OMV 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…
Wilson and Arkon join forces to create shortsea giant, take on environmental regulations
Norwegian short-sea operator Wilson ASA has signed a deal with German counterpart Arkon Shipping GmbH…
Prosafe dives deeper into the red over impairment charges
Prosafe, a provider of offshore accommodation rigs, sank deeper into the red in the first…
BPC picks Stena instead of Seadrill for Bahamas drilling contract
Bahamas Petroleum Company (BPC) has signed a drilling contract with Stena Drilling for the provision…
Poland receives another LNG shipment
Poland’s sole liquefied natural gas facility in Swinoujscie has received another shipment of LNG as…
Low oil prices could play pivotal role in boosting decommissioning spending, Rystad says
Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold…
Qatar may boost LNG production beyond 126 mtpa
Qatar’s plans to raise liquefied natural gas capacity to 126 million tonnes per year could…
Malaysian operator taps Tendeka to help boost output
Completions services company Tendeka will provide its inflow control technology to help increase production from…
Coro Energy gets approval for Indonesian block entry
Coro Energy has received all necessary regulatory approvals for the transfer of a 15 per…
Hurricane suspends output guidance after Lancaster well shut-in
Hurricane Energy has shut-in one of two wells at the Lancaster Early Production System (EPS),…
Archer firms up North Sea job with TAQA
Oil services provider Archer has secured a formal contract award for the provision of a…
More red ink for Mermaid
Subsea and drilling services provider Mermaid has reported net loss of $10.3 million for the…
PensionDanmark, PFA and SEAS-NVE ready to finance VindØ energy island
A consortium comprising PensionDanmark, PFA and SEAS-NVE said it was ready to finance the VindØ…
Petronas books smaller profit after being hit by lower prices
Malaysian oil and gas giant Petronas saw its profit and revenues drop in the first…
ST Engineering, Nauti-Craft join forces on offshore wind CTVs
ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop…
Subsea Innovation bags Pipe-In-Pipe Waterstop deals
Subsea Innovation has won multiple contracts across the offshore oil and gas sector to supply…
Royalty exemptions could save the day for U.S. oil and gas operators, Rystad says
The Covid-19 pandemic and the price crisis it has brought upon the oil and gas…
First steel cut for ARO Drilling’s new jack-up rig
International Maritime Industries (IMI) has cut the first steel on the first of two newbuild…
Halliburton cuts dividend due to market conditions
Oilfield services provider Halliburton has decided to cut its dividend amid uncertainties related to the…
Malaysian contractor snaps up two offshore deals
Two subsidiaries of Malaysia’s engineering services company T7 Global have been awarded contracts from Hess…
Oceaneering lands asset integrity job in Middle East
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in…
Wintershall Dea books quarterly loss, cuts capex
Oil and gas company Wintershall Dea has decided to reduce its capital expenditures for 2020…
Interim chief financial officer of KrisEnergy takes on permanent role
Oil and gas company KrisEnergy has decided to promote its interim chief financial officer (CFO)…
P4G Getting to Zero Coalition Partnership to map the business case for shipping’s sustainable energy shift
Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and…
Floatel accounts blocked. Debt payment put off until mid-June
Floatel International, a provider of offshore accommodation rigs, has entered into an agreement with bondholders…
DOF and DOF Subsea reach debt standstill deals
DOF and DOF Subsea have entered into standstill agreements with secured lenders, representing 93 per…
Using oil and gas know-how to develop CO2 capture and storage project amid push for lower emissions
Using their decades of experience in the oil and gas sector, three majors are moving…