Halliburton cuts another 1,000 jobs. Workforce down by 5,000
With another 1,000 workers laid off earlier this week, giant oilfield services provider Halliburton has decreased its workforce by around 5,000 since the oil price collapse. According to a report by...
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World’s largest crane vessel lifts Wintershall Dea’s Nova topside module
The world’s largest crane vessel, Sleipnir, has lifted Wintershall Dea’s Nova field topside module from the Rosenberg WorleyParsons yard in Stavanger, Norway. Neptune Energy, the partner in the Nova...
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Ardmore CEO: A second round of strong tanker rates likely
Source: Ardmore A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in...
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PHOTO: U.S. warship ‘says hi’ to West Capella drillship
The USS Montgomery combat ship and the dry cargo ship USNS Cesar Chavez checked out the West Capella drillship during their presence operations in the South China Sea on Thursday. USS Montgomery and...
View ArticleU.S. weekly offshore rig count down to 15 units
The number of offshore rigs in the U.S. dropped by one unit over the last week, according to weekly rig count reports published last Friday by Baker Hughes Company. Baker Hughes Rig Count: U.S. -34 to...
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Solstad nets CSV contract pair
Far Saga; Credit: Solstad Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far...
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Penspen to support ADNOC’s Zirku project
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab...
View ArticleLoss deepens for Kosmos as impairments bite
U.S. oil and gas company Kosmos Energy sank deeper into the red in the first quarter of 2020 due to impairments and low oil prices. According to its report on Monday, Kosmos generated a net loss of...
View ArticleSolstad agrees terms for two anchor handlers. Closes financial restructuring
Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and agreed on conditions for two Ocean Yield’s anchor handlers. Solstad said on Monday that it...
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Ulstein delivers two platform suppliers to COSL
Norwegian shipbuilder and designer Ulstein has delivered two platform supply vessels of the Ulstein PX121 design to China Oilfield Services Limited (COSL). Guo Hai Min Xing PSV; Source: Ulstein...
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SSCV Sleipnir installs Nova module on Neptune’s North Sea platform
Heerema’s Sleipnir, the world’s largest semi-submersible crane vessel, has transported and installed the Nova topside module on the Gjøa platform in the North Sea. As previously reported, Sleipnir...
View ArticleDemand for remote offshore rigs inspections skyrockets due to COVID-19
Classification society Bureau Veritas (BV), a provider of testing, inspection, and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and...
View ArticleGreen light for OMV to use Island Innovator rig in Norwegian Sea
Austrian oil and gas company OMV has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Norwegian Sea using the Island Innovator...
View ArticleEquinor granted drilling permit for North Sea well
Norwegian oil major Equinor has been given a drilling permit to drill the 30/2-5 S well in the North Sea, offshore Norway. Under the permit, given to Equinor by the Norwegian Petroleum Directorate...
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Offshore regulator starts assessing Beach Energy’s survey plan
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Beach Energy’s proposed T/30P geophysical and geotechnical seabed survey...
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Serica seals the deal for Awilco rig
Oil and gas company Serica Energy and drilling contractor Awilco have signed a contract for the provision of WilPhoenix rig for one-well workover on the Rhum field located off the UK. WilPhoenix rig;...
View ArticlePetrofac scoops more work with BP
Oilfield services provider Petrofac has won a three-year extension to its existing maintenance contract with oil major BP. Petrofac said on Tuesday that the two companies had also signed a new...
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Petrobras hits two new oil discoveries offshore Brazil
Búzios and Albacora fields map; Source: Petrobras Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters. In an update on Monday, Petrobras said it had confirmed oil of...
View ArticlePGS kicks off Viking Graben extension project
PGS seismic vessel Ramform Vanguard has begun a new multi-azimuth marine seismic survey in the North Sea. This industry-funded project further extends the GeoStreamer X area within the Viking Graben...
View ArticleVantage Drilling cuts losses
Offshore drilling company Vantage Drilling International saw its net loss shrink in the first quarter of 2020 on the back of higher revenues. Vantage said on Tuesday that its reported net loss...
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