Offshore

Tullow Says "TEN" Oil Project "Can Move Ahead" After Court Ruling

British company Tullow said on Saturday its offshore oil and gas project TEN "can move ahead" after an international maritime tribunal ruled in a border dispute between Ghana and Ivory Coast.

Ghana Can Continue Production in Ivory Coast Oil Dispute

  An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a

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.

Norway Sale - Ithaca Energy

  Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge AS (“Ithaca Norge”), for an initial consideration of US$60 million.

Arctic Nations to Fight Climate Change Despite Russia Tensions

  The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Freefall Lifeboat Simulator Onboard Accommodation Vessel

Virtual Marine Technology has installed its first lifeboat simulator system in Norway. The simulator, located onboard Prosafe’s Safe Boreas accommodation vessel,

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

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,

Two Dual-LiDAR Buoys Deployed

AXYS Technologies Inc. (AXYS) has deployed two dual-LiDAR WindSentinel floating LiDAR systems, utilizing the Offshore Renewable Energy (ORE) Catapult’s offshore anemometry mast.

Gondan Lays Keef for IMR Oceanographic Vessel

Gondan Shipyard has celebrated at its facilities in Figueras the keel laying ceremony of the new Oceanographic Research Vessel for the Institute of Marine Research (IMR) of Bergen, Norway.

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,

Salvage and Wreck Removal Conference

  HINODE Events and Services Pvt Ltd., have announced the 4th Annual Conference on Salvage and Wreck Removal in India to be held on Wednesday, July 8, 2015 at Visakhapatnam on India's East Coast.

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 Inc.today 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.

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.

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