Offshore

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

Polarcus Extends Bareboat Agreement with SCF Group

Polarcus Limited announced a three-year extension of the Bareboat Charter Party Agreement (BBCP) for M/V Vyacheslav Tikhonov between Polarcus Selma Limited, Polarcus' wholly owned subsidiary,

Polarcus Wins Broadband 4D Project off Norway

Polarcus Limited has received a Letter of Intent (LOI) for a 4D project over a field offshore Norway. This will be the eight monitor survey over the field and is

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

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.

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,

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,

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

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.

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

U.S. Okays ConocoPhillips Alaska LNG Exports

The U.S. Department of Energy approved ConocoPhillips' application to export about 40 billion cubic feet of natural gas from its Kenai liquefied natural gas export

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

Oil Rises, API Adjust U.S. Crude Stock Report

Russia's Sechin floats idea of oil output cuts; API reports lower-than-expected rise in U.S. crude stocks. Oil rose on Wednesday, after having posted its third-biggest

Russia's Sechin's Output Question: Who is going to cut?

The head of Russian oil major Rosneft, Igor Sechin, when asked if world oil exporters could reach consensus on cutting crude production, responded on Wednesday

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