Offshore Energy

US Oil Drillers Cut Rigs to Least in 6 Years

U.S. energy firms this week cut oil rigs for an eighth week in a row to the lowest levels since January 2010, data showed on Friday, as energy firms continue to

UK North Sea Oil & Gas Starts at 45-year Low

The number of new exploration wells to be drilled in the British part of the North Sea this year is set to fall to the lowest since the hunt for oil and natural gas began there in the early 1970s,

Aker Solutions Halts Dividend Amid Market Turmoil

Drops dividend to handle difficult market outlook, but backlog above forecast. OSLO, Feb 12 (Reuters) - Norwegian oil engineering firm Aker Solutions said on

Saipem Faces Solo Slog in Low Oil Price World

Shares plunge to near 20-year lows after issue results. A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem

Woodside's Second Gas Discovery in Myanmar

Woodside advises that the Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has intersected a gross gas column of approximately 64m. Approximately 62m

Eni, Exxon, Statoil Win Irish Offshore O&G Licences

The Irish government said on Thursday it had awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil , allowing them to explore for hydrocarbons off the coast of Ireland.

Trelleborg's Uraduct Earns Certificate for Material Verification

Trelleborg’s offshore operation in the U.K. has received a certificate for material verification for Uraduct under the American Petroleum Institute’s specification

UK to Offer More Flexible North Sea O&G Licences

Britain will offer more flexible North Sea oil and gas licences in its next tender round, the head of Britain's oil regulator said on Thursday, a bid to make exploration

Maersk Drilling Sees Continued Overcapacity

As much as one third of the global offshore fleet of oil drilling rigs could be idled in 2016 as energy firms scale back investments on the back of weak crude prices,

Oil Down on U.S. Supplies, Weak Demand

Iran offers crude to Asia at discount to Saudi Arabia. Oil slid on Thursday, dented by record U.S. crude inventories, worries about the demand outlook and a

Glencore's Debt-Reduction Plan Includes Output Cut

Firm to cut 2016 oil production by 20 pct as prices slide. Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output,

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Moody's Reviews Saipem's Rating

San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.

SBM Offshore: US Authorities Reopen Corruption Probe

SBM Offshore, the world's top oil production ship leasing company, said on Wednesday that U.S. authorities had re-opened an inquiry into bribery allegations involving the Dutch company.

FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.

Seanamic Expands Global Umbilical Business

Seanamic Group, is expanding its global umbilicals business with a new Umbilical International facility in Glasgow. Initially it will offer umbilical repair and

Harkand Completes IRM Campaign for BPTT

HARKAND has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilizing the Harkand Da Vinci diving support vessel

Parker Bestobell to Supply Valves for FSRU Newbuilds

Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating

Gamesa, Siemens Negotiating Wind Merger Terms

German engineering group Siemens and Spanish renewable energy group Gamesa are in final negotiations on a deal to merge their wind power assets, two sources familiar

Maersk Writes Down Oil Assets

Writedown pushes company into red in fourth quarter; 2016 profit to fall short of previous year. Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion

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