Business & Finance
OMV Petrom turns to Black Sea following Kazakhstan exit
Romanian oil and gas company OMV Petrom has closed the sale of its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
The Borssele series: Making of
Over the next few months, Offshore Energy will be taking a closer look into the now operational Borssele offshore wind projects: Borssele 1 & 2, Borssele 3 & 4, and the Borssele innovation site. The three projects – one developed by Ørsted, one by the Blauwwind consortium, and one by the Two Towers
Fincantieri expects to return to growth trajectory in 2021
The gradual resumption of cruise operations is expected to significantly ramp up ship production this year and curb the negative impact of the coronavirus pandemic on the sector, according to Italian shipbuilder Fincantieri.
TGS sees revenue increase in Q1 2021, lower segment numbers
TGS-NOPEC Geophysical Company (TGS) has reported a revenue of $186 million in the first quarter of 2021, an increase of 256% compared to $52 million in Q1 2020. EBITDA was $162 million and the operating result was $69 million, compared to $26 million and $-58 million, respectively, in the first quar
ASCO to provide logistics support for IOG’s Core Project Phase 1
Global logistics and materials management provider ASCO has been contracted to provide logistics and supply base services for IOG’s Core Project Phase 1 in the Southern North Sea (SNS).
Cornell: LSF, VLSF add $20,000 to annual ship operation costs
The introduction of the IMO rules last year to reduce ship sulphur emissions has resulted in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage, according to a recent webinar.
Rockhopper to resolve Ombrina Mare arbitration in July
Oil and gas company Rockhopper Exploration has received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could be made in July.
IOG awards Core Project Phase 1 duty holder role to ODE
UK gas company IOG has awarded the Phase 1 duty holder contract for the installation and pipeline operator as well as facilities operations and maintenance to ODE Asset Management (ODE AM).
Total hands out Tyra commissioning contract
A consortium of Actemium and Semco Maritime has been awarded the provision of a commissioning services contract for the Tyra Redevelopment.
Maersk Drilling gets rid of two jack-ups, wins new rig gig
Maersk Drilling is getting rid of two jack-up drilling rigs in addition to securing a new job for another one of its jack-ups.
In focus: Carbon capture and storage as key element in achieving decarbonisation
In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.
Union working to avoid downsizing of 200 rig workers
A Norwegian union is working to avoid the downsizing of 200 workers of the West Mira rig following a recent contract termination.
Spirit gets life extension for North Sea field
Spirit Energy has received approval from Norwegian authorities for a life extension of its Vale gas field located offshore Norway.
IOG supports research to test carbon storage sites in North Sea
IOG is supporting research that will identify, examine, and test carbon storage sites in the Southern North Sea.