Business & Finance
One quarter of global floating rig fleet could face scrapping as Covid-19 bites, Rystad says
An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
THREE60 ENERGY takes duty holder role at DNO’s UK assets
THREE60 ENERGY has won a multi-million-pound contract to deliver Duty Holder services for DNO’s two assets in the UK continental shelf.
OPT’s PowerBuoy under review as autonomous system for marine defense
Ocean Power Technologies (OPT) has been contracted for a feasibility study into using its PB3 PowerBuoy offshore 5G communications solution with unmanned and robotic systems.
BP books small profit in 3Q
BP on Tuesday reported a small profit for the third quarter of 2020 compared to a huge loss in the prior quarter and a profit in the third quarter of 2019.
Government promises to invest AU$21 million in Queensland shipping
Australia’s Palaszczuk Government has announced plans to invest AU$21 million ($14.9 million) over two years to revitalise Queensland’s shipping industry.
Bahri enjoys profit surge
Saudi Arabia’s Bahri, the world’s largest owner and operator of very large crude carriers (VLCCs), closed the third quarter of this year with a 114% rise in its net profit that was attributed to improvement in operations.
GDG provides concept foundation design for Vietnamese offshore wind project
Gavin and Doherty Geosolutions (GDG) is undertaking the concept foundation design for the first 200 MW of Phase 1 of the Phu Cuong Soc Trang offshore wind farm in Vietnam. As part of the study, GDG said it had undertaken an initial foundation screening and option assessment, followed by a more detai
Aker divisions team up for OWFs in Norway to decarbonize oil & gas
Aker Offshore Wind and Aker BP have agreed to cooperate on realizing offshore wind in Norway at large scale, as well as accelerating the process of decarbonizing oil & gas assets. The parties plan to collaborate on concepts for the development of large offshore wind farms to enable effective offtake
The Role of Oil and Gas Industry in Energy Transition
The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances ar
Welcome to the 2020 edition of Offshore Energy and Navingo Career Event!
Offshore Energy and Navingo Career Event have kicked off this morning with an opening session streamed live from the RAI in Amsterdam, the Netherlands. This year’s event has a somewhat different feel as the program is being live-streamed in a completely digital setting. Providing more details on wha
Prosafe gets $13.6 million worth North Sea job from ConocoPhillips
Prosafe has been awarded a contract by ConocoPhillips to provide accommodation support on the Ekofisk field located offshore Norway.
Awilco bracing for cost-cutting measures following rig order cancellation and delay
Offshore drilling contractor Awilco Drilling is preparing for cost-cutting measures amid a challenging environment in the offshore drilling market.
Ocean Sun enters public trading
Norwegian floating solar specialist Ocean Sun has been admitted to trading on Merkur Market, operated by the Oslo Stock Exchange.
BP fires up gas field offshore Egypt
Oil major BP has started gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.