Offshore

Daewoo Logs $2.6 bln Q2 Operating Loss

Daewoo Shipbuilding & Marine Engineering Co Ltd reported on Wednesday a provisional second-quarter operating loss of 3.03 trillion won ($2.62 billion), citing construction

Bleak Offshore Market Weighs on Sembcorp Marine

Singapore's Sembcorp Marine Ltd said its second-quarter net profit fell 17 percent from a year earlier, as low oil prices led to cuts in global exploration and production expenditure.

More Oil from Gullfaks - Statoil

  Production from the Gullfaks South (GSO) fast-track project for improved oil recovery in the North Sea started on 27 July. GSO will increase the output from

IRSHAD Acquires Damen Shoalbuster 2308

  Abu Dhabi Petroleum Ports Operating Company (IRSHAD), a part of the ADNOC Group of Companies, has taken delivery of a Damen Shoalbuster 2308, named Al Marfa 1.

'Kayaktivists' to Launch Blockade of Shell Icebreaker

 A small group of protesters and activists are gathering at the Cathedral Park boat ramp in Portland, preparing to stay for a 24-hour vigil as they wait for Royal Dutch Shell Oil's icebreaker ship,

Trelleborg to Enhance Safety at Sverdrup Oil Field

Trelleborg’s offshore operation has secured a contract to supply its thermal insulation, corrosion and passive fire protection (PFP) solutions for use on the new

BSEE Updates Hurricane Reporting Requirements

BSEE is providing updated guidance for the current and future hurricane seasons through a Notice to Lessees (NTL) released July 27, 2015. NTL 2015-G02 clarifies

FAU to Develop Use of USVs for Bridge Inspections

The task of inspecting and maintaining Florida’s network of approximately 11,450 bridges is arduous, especially since so many of the state’s bridges span rivers, canals and saltwater areas.

Offshore Wind Shift to Drive Vessel Services Cooperation

Evolving procurement processes for U.K. Round 3 offshore wind farms will require a greater number of work streams, personnel with new and differing skills, and

EIVA to Open Singapore Office

On August 1, 2015, EIVA will open a Singapore office as a result of increasing activities in the Asia-Pacific region, thereby offering customers and partners a local point of contact.

BP CFO: Oil Price Soft for Short, Medium Term

Oil prices are expected to remain soft in the short and medium term, BP's chief financial officer told a news conference on Tuesday. Oil prices have halved over the past year on a global glut,

National Oilwell Beats Street on Cost Cuts

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a higher-than-expected quarterly profit as cost cuts helped offset the impact of a fall in global drilling activity.

Statoil: 2015 Capex Reduction if FX Persists

Statoil's Chief Financial Officer Torgrim Reitan said on Tuesday the Norwegian oil giant could reduce further its capital expenditures (Capex) this year should

ABB hands over Germany’s DolWin1

  DolWin1 integrates 800 megawatts (MW) of clean energy into the German transmission grid ABB, the leading power and automation technology group, has successfully

Korean Shipyards in Troubled Water

 Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

CAPE Holland Deploys New Vibro Lifting Tool

Earlier this week, during its first commercial application, the newly developed Vibro Lifting Tool (VLT) of CAPE Holland has successfully installed four piles in up to 90 meters water depth.

FERC Approves Excelerate’s Offshore GasPort

Excelerate receives approval to move forward with the construction and operation of LNG terminal   On July 24, 2015, the U.S. Federal Energy Regulatory Commission

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.

MMT Wins UXO Contract for Race Bank

 MMT has been granted a contract from DONG Energy Wind Power for UXO inspections and excavations of various contacts with option on disposal and removal at Race Bank Offshore Wind Farm,

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