Offshore

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

National Bank of Canada's Q2 Energy Loan Set Asides Soar

May 5 (Reuters) - National Bank of Canada estimated that it would set aside C$250 million ($195 million), before taxes, in the quarter ended April to cover bad loans to the oil and gas industry.

Apache's Q1 Loss Narrows

Oil and gas producer Apache Corp reported a much smaller quarterly loss compared with a year earlier, when the company took a near $5 billion asset impairment charge.

U.S. Mulls 30-Year "incidental strike" Wind Farm Permit

U.S. wildlife managers on Wednesday again proposed granting 30-year permits to wind farms that would forgive them for thousands of eagle deaths expected during

Transocean Posts Quarterly Profit on Cost Cutting

Offshore rig contractor Transocean Ltd posted a quarterly profit, compared with a year-earlier loss, as cost cutting helped counter a slump in crude oil prices.

FMC Technologies Bags OTC Award for InLine ElectroCoalescer

FMC Technologies, Inc. won a Spotlight on New Technology award for its InLine ElectroCoalescer, and was recognized at the 2016 Offshore Technology Conference (OTC) in Houston on Monday, May 2.

ABS Wins Certification Contract for Hornsea Wind Farm

ABS Group Ltd., headquartered in England and a subsidiary of ABS Group of Companies, Inc., has received a contract to provide project certification services from

Biral Wins Manufacturing Award for Meteorological Sensors

Bristol-based meteorological specialists, Biral, have been awarded the Best Meteorological Sensor Manufacturers award in this year’s Acquisition International (AI) Offshore Excellence Awards.

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

U.S. Energy CEOs Ready to Drill as Oil Rebounds

After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude

Noble Energy to Cut Costs, Produce More in 2016

U.S. oil and gas producer Noble Energy Inc said it expects to spend less than the $1.5 billion it had budgeted for the year, but raised its 2016 sales volume forecast by 4 percent.

ABB Transformers for the Most Powerful Wind Turbines

ABB will deploy 40 special transformers to equip wind turbines for an offshore wind farm in the Irish Sea. The MHI Vestas Offshore Wind turbines are 195 m (640

Two ODCs Loaded at Hamburg Port

On 25 April, two Over-Dimensional-Cargos (ODC) tanks manufactured by Chart Ferox were loaded by Wallmann & Co., the long-established Hamburg company specializing in handling heavy lift cargoes.

Wind-powered Oil Recovery Project Green-lighted

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered

Barge Master Wins Innovation Award at OTC

The Barge Master T40 motion compensated knuckle boom crane has been recognized for technological innovation, winning the Spotlight on New Technology Small Business

Keppel Acquires LeTourneau

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International

'Technical' Errors Caused Fatal Norway Helicopter Crash

The helicopter crash that killed 11 oil workers and two crew on Friday was due to a technical error, the country's Accident Investigation Board said on Tuesday.

GE Ramps up Offshore Wind Game, eyes Takeover

General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday.

Ithaca Energy Completes RBL Redetermination

Ithaca Energy Inc. announced having successfully completed its planned semi-annual reserves based lending (“RBL”) facilities review and continues to maintain in

Schlumberger Unveils Microfluidic Analysis Technology at OTC

Maze microfluidic SARA analysis delivers precise fluid measurements for reservoir characterization   HOUSTON, May 2, 2016—Schlumberger announced today at the

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