Depressed demand drags BP profit down
BP recorded a significant decrease in its quarterly profit due to lower demand, exploration write-offs, and lower oil and gas prices The post Depressed demand drags BP profit down appeared first on...
View ArticlePolarcus fleet up for sale – all employees face layoffs
Seismic player Polarcus has received notification from the lenders that they no longer support […] The post Polarcus fleet up for sale – all employees face layoffs appeared first on Offshore Energy.
View ArticleMalaysian contractor expands into liftboat market, eyes offshore wind
Coastal Contracts and its partner JUB Pacific are entering the liftboat business with plans to pursue expansion in the oil and gas as well as venturing into the offshore wind market. The post Malaysian...
View ArticleExxonMobil launches new low-carbon business
U.S. oil major ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio. The post ExxonMobil launches new low-carbon...
View ArticleAker Solutions taps Strohm for TCP jumpers off Malaysia
Thermoplastic composite pipe (TCP) specialist Strohm has secured a contract with Aker Solutions to […] The post Aker Solutions taps Strohm for TCP jumpers off Malaysia appeared first on Offshore Energy.
View ArticleMaersk Supply Service gets new CFO
Danish offshore vessel provider Maersk Supply Service has named a new chief financial officer (CFO) of the company with effect from 15 March 2021. The post Maersk Supply Service gets new CFO appeared...
View ArticleThree60 Energy scores duty holder deal for Galoc field FPSO
Energy services group Three60 Energy has been awarded a contract for the provision of duty holder O&M services to the FPSO Intrepid offshore the Phillippines. The post Three60 Energy scores duty...
View ArticleWatch: MDL wraps up SURF lay project offshore China
MDL horizontal lay system was used for the overside installation of power cables in […] The post Watch: MDL wraps up SURF lay project offshore China appeared first on Offshore Energy.
View ArticleExxonMobil swings to loss amid ‘the most challenging conditions’ ever
ExxonMobil booked a $20.1 billion loss in the last quarter of 2020 compared to a profit in the same period of 2019 due to massive impairments. The post ExxonMobil swings to loss amid ‘the most...
View ArticleLower prices push ConocoPhillips into the red
Oil major ConocoPhillips went from black to the red in the last quarter of 2020 compared to the prior-year period due to lower prices and volumes. The post Lower prices push ConocoPhillips into the red...
View ArticleInpex takes more interest in two Gulf of Mexico fields
Japan's Inpex Corporation has acquired an additional interest in Lucius and Hadrian North fields located in the U.S. Gulf of Mexico. The post Inpex takes more interest in two Gulf of Mexico fields...
View ArticleTMC to supply compressors for Equinor’s Bacalhau FPSO
Norwegian TMC Compressors has been contracted to supply the marine compressed air system to the Bacalhau FPSO that is being built for Equinor. The post TMC to supply compressors for Equinor’s Bacalhau...
View ArticleShell, C3 AI, Baker Hughes, and Microsoft roll out Open AI Energy Initiative
Shell, C3 AI, Baker Hughes, and Microsoft have launched the Open AI Energy Initiative […] The post Shell, C3 AI, Baker Hughes, and Microsoft roll out Open AI Energy Initiative appeared first on...
View ArticleSparrows lands five-year contract renewal in North Sea
Sparrows Group has been awarded a five-year contract renewal with a UKCS operator to continue supporting its production across two assets. The post Sparrows lands five-year contract renewal in North...
View ArticleStena Drilling in push to decarbonise exploration drilling
Stena Drilling has entered into a strategic framework agreement for decarbonisation exploration with dCarbonX for the development of “geoenergy” resources. The post Stena Drilling in push to...
View ArticleThree players develop green solution to cut emissions in drilling operations
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations. The post Three players develop green solution to cut...
View ArticleOffshore EPC awards set for rebound in 2021
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, […] The post Offshore EPC awards set for rebound in 2021 appeared first on Offshore Energy.
View ArticleValaris drillship breaks free from moorings off Scotland
A Valaris-owned drillship has reportedly broken free from moorings at a port in Scotland prompting the need for a rescue operation. The post Valaris drillship breaks free from moorings off Scotland...
View ArticleStena Drilling orders MPD system for another drillship
Offshore drilling contractor Stena Drilling has ordered a fourth managed pressure drilling (MPD) system for the Stena Forth drillship. The post Stena Drilling orders MPD system for another drillship...
View Article3D Oil identifies potential leads in Gippsland Basin
Australian oil company 3D Oil has identified four potential leads holding a best estimate prospective resource of 370 million barrels of oil equivalent in the Gippsland Basin. The post 3D Oil...
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