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
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.
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
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.
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’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 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
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.
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
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.
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 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's Chief Financial Officer Torgrim Reitan said on Tuesday the Norwegian oil giant could reduce further its capital expenditures (Capex) this year should
DolWin1 integrates 800 megawatts (MW) of clean energy into the German transmission grid
ABB, the leading power and automation technology group, has successfully
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.
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,
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.
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 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 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,