Offshore Energy

Harel in Talks with Noble to buy stake in Tamar Gas Field

Israeli insurer Harel said on Sunday it is in talks to buy up to 4 percent in the Tamar natural gas field from Texas-based Noble Energy . A final agreement has yet to be reached,

POSH Bags Shell FLNG Contract

 Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

 U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Shell to Work with UK, EU on Brexit Impact

Royal Dutch Shell said it will work with the British government and European institutions on any implications for its business from Britain's decision to leave the European Union,

Brexit: Limited Impact on Oil so far: Kemp

Crude oil prices have so far shown only a modest impact from Britain's vote to leave the European Union on Thursday. Brent crude futures for the nearest contact

Ulstein Delivers for BS Offshore

The first of two service operation vessels (SOV) ordered in 2015 by Bernhard Schulte Offshore (BS Offshore) and its client Siemens from Ulstein Verft in is now completed,

Saudi Prince talks Oil Markets with U.S.

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to maintain its stability with U.S. Energy Secretary Ernest Moniz,

Plan to Develop Wind Energy Offshore Hawaii Announced

As part of President Obama’s Climate Action Plan to create American jobs, develop clean energy sources and cut carbon pollution, U.S. Secretary of the Interior

FPSOs Sit Unprecedentedly Idle

While the oil and gas markets are starting to come to life, nearing the $50 per barrel mark, the future fate of floating production remains a mystery   The 20

Norway Rig Workers Agree to Wage Deal

Workers will get a 0.5 percent pay rise; those being laid off will have the right to be rehired. Workers on Norwegian offshore oil drilling rigs signed a new wage deal on Wednesday,

Total Hires New Security Head

Total has hired the chief of France's Gendarmerie police force to take over as its head of security, the oil company said on Wednesday. Total has installations in major hot spots including Libya,

Oil Producers Could Revive Output Freeze

Gulf OPEC members don't oppose resurrecting freeze talks. Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.

From Engineer to Sommelier: Calgary's Laid-off Oil Workers try Plan B

Alejandro Rodriguez wants to be a sommelier. His previous experience: 20 years as an oil reservoir engineer. The 42-year-old needed to consider a career plan

Oil Above $50 on API Report, Bracing for Brexit

API says US crude stocks fall 5.2 million barrels. Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.

Damen, Ampelmann Team up for Marine Access Demonstration

Damen Shipyards Group has teamed up with the global leader in motion compensation access solutions, Ampelmann, to conduct tests with Ampelmann’s L-Type system on

Ithaca Energy's FPF - 1 Nears Completion

Providing an update on the status of the on-going Greater Stella Area (“GSA”) development programme Ithaca Energy informed that the floating production facility

Fugro Secures North Sea Trenching Projects

 Following delivery of recent cable-lay and trenching projects for the renewables sector, Fugro says it has secured three contracts for its trenching services for oil and gas clients.

Kemp: Global Oil Demand Shows no Sign of Peaking

"Peak oil demand" has become a fashionable concept among climate campaigners but the evidence suggests oil consumption is growing at the fastest rate for a decade and shows no sign of letting up.

China Offshore Oil Executive Appointed as Energy Policy Official

Li Fanrong, former president of China's offshore oil and gas specialist CNOOC Ltd, has been appointed as a deputy chief of the National Energy Administration, China National Offshore Oil Company said.

Malikai TLP Float-Off in Malaysia

InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel

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