Offshore Energy

Falklands' Oil Drilling at Isobel Deep Suspended

 Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Fitch Warns it May Still Downgrade Petrobras in Next Few Years

Brazil's state-run oil company Petroleo Brasileiro SA avoided an imminent credit downgrade by publishing corruption-delayed financial statements but could still

Four Petrobras Platforms Halt Output Due to Oil Leak

Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them,

Russia's Arctic Field to Double Output

Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project,

Meridian Project Getting Hoegh FSRU, Vessels

Norwegian natural gas shipping firm Hoegh LNG plans to deliver a floating storage and regasification unit (FSRU) to Meridian LNG's planned British import terminal,

Sverdrup Field Facing 6 Month Delay

The start-up of Norway's giant Johan Sverdrup oil field may be delayed by six months to mid-2020 from the original schedule of launching production in December 2019,

Huat Retires as Non-Ex Dir. of ST Engineering

  Singapore Technologies Engineering Ltd (ST Engineering) today announced the retirement of Mr Quek Poh Huat as non-executive Director of the Company at its Annual General Meeting on 23 April 2015.

Seacor Holdings Posts Q1 Loss of $1.10/Share

  SEACOR Holdings announced its results for its first quarter ended March 31, 2015, wherein the company experienced losses during this period. The net

Five Minutes with Halul Offshore CEO, Vivek Seth

Last month Maritime Reporter spent some time with Vivek Seth, CEO, of Qatar-based Halul Offshore  Services Company, for his insights on the impact of low oil prices in the Middle East and beyond.

Strategic Delivers StratCat to Njord Offshore

Strategic Marine delivered a world’s first to European windfarm service sector operator, Njord Offshore.  This vessel builds on the success of the first eight 21m

Memorial University & Understanding Icebergs

They can come in all shapes and sizes, silently shuttled along by the currents. The larger versions are white, glistening and beautiful and a potential disaster waiting to happen.

Philippine VP Open to Exploring for Oil with China in Disputed Sea

Philippine Vice President Jejomar Binay, considered a front-runner for the presidency in 2016, said on Thursday he would welcome a joint venture with China to explore

Shell to Lay Off Staff, Contractors in Norway

Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday.

Petrobras Results Lift Brazilian Bonds

Brazilian corporate bonds were on a tear Thursday morning after oil company Petrobras avoided a covenant breach with the release of its long-awaited audited results for 2014.

Mobile Suit Dryers Offer Mobility, Functionality

Pronomar has delivered four mobile drying carts to DONG Energy for the on-shore drying of helicopter suits at Emden Airport in Germany, a project for which it has

Offshore Mooring Replacement Completed

InterMoor Inc., an Acteon company and part of its foundations and moorings business, finished replacing critical components in an FPU mooring system offshore Equatorial Guinea on schedule,

Worldwide Recruitment Solutions Opens in Singapore

Global energy recruiter Worldwide Recruitment Solutions (WRS) has launched its Asia hub Singapore office. Based on the 36th floor of the UOB building in the heart of the central business district,

MOL Group to Discuss Entry into North Sea Market

Newcomer to the UKCS, Hungary-based MOL Group is set to discuss its entry into the North Sea market at a Society of Petroleum Engineers (SPE) Aberdeen event on May 6, 2015.

EU Clears Portuguese Ocean Energy Tech Scheme

European Union regulators gave the green light on Thursday to a Portuguese ocean energy technology scheme aimed at boosting the bloc's renewable energy goals, saying

Brent Steady, U.S. Inventories Counter Supply Concerns

Saudi-led coalition resumes Yemen bombing; U.S. crude stocks rose more than expected last week. Oil prices steadied on Thursday as another steep rise in U.S.

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