UK regulator ‘exploring tougher measures’ on flaring and venting of...
The UK’s petroleum regulator, the Oil and Gas Authority (OGA), has decided to scrutinise requests for flaring and venting of greenhouse gases offshore the UK to drive improved performance, aiming to...
View ArticleValaris gains access to additional liquidity
Offshore drilling contractor Valaris has executed a new term loan credit agreement, gaining access to additional liquidity as it is working through its Chapter 11 bankruptcy process. Valaris...
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Equinor closes Hammerfest LNG after fire
Norwegian energy giant Equinor has shut down its Hammerfest LNG export plant following a fire in an oil-powered turbine at the facility. Hammerfest LNG (Image: Einar Aslaksen/Equinor) Equinor said the...
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Equinor makes oil and gas discovery in North Sea
Norwegian oil and gas giant Equinor has made an oil and gas discovery in the Swisher prospect near the Fram field in the North Sea offshore Norway. Equinor, as the operator of the production licence...
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Hyundai Heavy books $360 million order for VLCC quartet
South Korean shipbuilder Hyundai Heavy Industries (HHI), part of Korea Shipbuilding & Offshore Engineering Co., has secured an order for the construction of four very large crude carriers (VLCCs)....
View ArticleLundin: Edvard Grieg reserves increased by 50 million barrels of oil equivalent
Lundin Energy has said that the Edvard Grieg field reserves have been increased by 50 million barrels of oil equivalent and plateau production extended to late 2023. The Lundin-operated Edvard Grieg...
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Sovcomflot hands back Polarcus seismic vessel
Sovcomflot Marine seismic player Polarcus has taken delivery of geophysical exploration vessel Ivan Gubkin. Ivan Gubkin (previously Polarcus Amani) has been on charter to Russian shipping company...
View ArticleJDR lands Azerbaijan deal
Subsea cabling specialist JDR has won a contract to supply a 5.5-kilometre 33kV fiber optic power cable and a steel tube subsea isolation valve (SSIV) umbilical for a BP platform project offshore...
View ArticleADNOC L&S wins 25-year deal to service petroleum ports in Abu Dhabi
ADNOC Logistics and Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company, has signed a 25-year deal to service all petroleum ports in Abu Dhabi on behalf of...
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Rystad expects swift recovery in offshore oil and gas pipeline market led by...
The global oil and gas market demand for a large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26 per cent this year, with the size of total installations forecasted to...
View ArticleSeaBird eyes renewables; South America project canned
Seismic player SeaBird Exploration said that its source contract announced on 20 April 2020 has been terminated by the charterer. Namely, the Oslo-listed SeaBird secured a letter of award in April for...
View ArticleKeppel to review offshore & marine business amid challenging environment
Singapore’s conglomerate Keppel Corporation has decided to review its offshore & marine business as part of its overall strategy and roadmap amid the sector’s challenging environment. In an update...
View ArticleMammoet wraps up ‘the heaviest of its type’ load-out job for gas project in...
Dutch heavy lifting and transport provider Mammoet has performed a load-out operation for a gas project offshore Vietnam, stating it was the heaviest load-out operation of its type in the country....
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Jadestone files environment plan for new offtake model at Stag field
Jadestone Energy has filed a revision of its environment plan for operations at the Stag field, located offshore Australia, to the Australian authorities. Aerial view of Stag facility; Source:...
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Shell plans to cut up to 9,000 jobs
Oil major Shell has confirmed plans to cut between 7,000 and 9,000 jobs in a push to save up to $2.5 billion by 2022. Shell CEO Ben van Beurden; Source: Shell Reduced organisational complexity, along...
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Husky completes commissioning at Chinese offshore project with first gas...
Canadian energy player Husky Energy has completed the commissioning at the third field at the Liwan Gas Project located offshore China. As reported earlier in September, Husky was nearing the startup...
View ArticleBaker Hughes lands first vessel-deployed subsea mechanical wellhead cut
Baker Hughes has launched its vessel-deployed subsea wellhead cutting system – the Terminator. Using a first-of-its-kind mechanical wellhead removal method, the system has already proven its...
View ArticleEquinor’s giant offshore field hit by strike action following wage talks fail
Members of a union of Norwegian oil and gas workers have gone on strike after a fallout in wage negotiations. The strike affects one of the largest Norwegian offshore fields – the Johan Sverdrup –...
View ArticleEquinor gearing up to drill North Sea well
Norwegian energy giant Equinor has received consent from the country’s offshore safety regulator for exploration drilling in the North Sea using the West Hercules rig. The Petroleum Safety Authority...
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ExxonMobil sanctions third development in Stabroek block off Guyana
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek...
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