Lloyd’s Register, a global engineering, technical and business services organization, has launched a new decommissioning service, with the timing coinciding with the Offshore Decommissioning Conference 2016 held this week in the UK. Lloyd’s Register said on Wednesday that the new service would help
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
Last week’s contract with the French oil and gas giant Total could open Iran for more foreign investments, or at least that’s what the Middle Eastern country is hoping for. In an interview given to Financial Times, Iran’s deputy oil minister for international affairs Amir-Hossein Zamaninia said that
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
The unexpected has happened. Donald Trump will be the next president of the United States of America.
After emerging from a Chapter 11 bankruptcy in February, Vantage Drilling, a drilling contractor with a fleet of three drillships and four jack-up rigs, reported a loss for the third quarter of 2016 and a sharp drop in revenues amid a significant decline in both jack-up and deepwater rig utilization
By Christopher Johnson LONDON (Reuters) – Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. Trump’s election initially stunned
Italian oilfield services provider Saipem has scooped new offshore contracts in Saudi Arabia worth around $1 billion in total. The offshore engineering and construction company has received a notification of award from Saudi Aramco for the two engineering, procurement, installation, and construction
Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East. In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it w
By Henning Gloystein SINGAPORE (Reuters) – Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote. Crude futures markets roared into action, with trading accelerat
Maritime service provider Allianz Middle East Ship Management and Scotland-based Maritime Craft Services (MCS) have taken delivery of a Damen Fast Crew Supplier (FCS) 2610. Damen said on Tuesday that the new vessel would be used for crew transfer services for up to 50 passengers to and from the Abu
Following earlier reports that the French oil major Total would “be happy” to be the first Western oil company to reach an agreement with Iran, the company has signed a deal with the Iranian authorities. Total has signed a Heads of Agreement (HoA) with the National Iranian Oil Company (NIOC) for the
