Offshore

Lilaas Engages Imtra for N. American Distribution

  Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Rotterdam Integrates Safety Research with LNG Training Facility

  The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

U.S. Crude Falls on Worries About Glut, Brent Flat

Front-month expires Monday, long liquidation seen; dollar index highest in more than four years.   U.S. crude oil fell on Friday, on track for its fourth daily

Oil Firms Keep Drilling as Price Drops

A 13 percent slide in crude oil prices since June has eroded some of the allure of drilling U.S. shale resources and raised investor concerns, but companies are

Billionaire Fredriksen Commits to Seadrill

Shipping billionaire John Fredriksen reaffirmed on Friday its commitment to Seadrill, the world's largest rig company by market capitalisation, whose shares have

Oil Steady at $98 on Oversupply Worries

Talk of OPEC cuts, lower Libyan output support prices; Dollar index highest in more than four years. Middle East tensions remain a big focus.   Brent crude oil

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

Statoil Finds Gas in Arctic Norway

Norwegian energy firm Statoil has found gas in the Pingvin prospect in the Norwegian Arctic, one of its partners said on Friday. "The well has identified gas in a sandstone reservoir,

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

Egypt Awards Oil & Gas Exploration Blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said on Friday. The

Lukoil CEO: Russian 2015 Output Will Not Fall

Russia's second-biggest oil producer Lukoil, a target of U.S. sanctions over the Ukraine crisis, will not cut domestic oil output next year but will invest less money in projects,

Shell Russia, Total Continue Russia Work

The head of Shell Russia said on Friday that the company's strategy in Russia remained unchanged, although the firm is evaluating the implications of sanctions

Exxon, Rosneft May Halt Arctic Operations

Russia's natural resources minister said on Friday that it was highly likely that U.S. oil major Exxon Mobil Corp and its Russian counterpart Rosneft had halted

Scotland's 'No' to Independence Welcomed by Shell

Royal Dutch Shell CEO Ben van Beurden on Friday welcomed Scotland's vote against independence. "Shell welcomes the decision by the people of Scotland to remain within the UK,

Kongsberg/Ricardo in Wind Farm Bearing Collaboration

Ricardo and KONGSBERG say that they have signed a framework agreement that will see Ricardo support the development of the Kongsberg Wind Farm Management System

ABB Wins Boa Offshore Contract

Boa Offshore has chosen ABB Turbocharging’s proactive Maintenance Management Agreement for servicing of turbochargers aboard four of its vessels, ensuring, says ABB Turbocharging,

Rentocean to Supply Van Oord 300T Onshore Turntable

RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, says it has been awarded a contract to supply Van Oord Offshore Wind Projects BV a 3000t demountable

Nordic American Offshore on Track Says Chairman

Herbjørn Hansson, 
Executive Chairman
 of Nordic American Offshore Ltd., informs shareholders as follows after the company's listing on the New York Stock Exchange

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