Fossil Energy
CNOOC grants extension to Empyrean for Chinese block exploration
Oil and gas development company Empyrean Energy has been granted a twelve-month extension for the first phase of the exploration period on Block 29/11, offshore China.
Siemens to power Petronas gas field development off Malaysia
Siemens Gas and Power said it has won a contract to supply equipment for the Petronas-operated Kasawari gas field development in the South China Sea, offshore Sarawak in Malaysia. Under the deal, the unit of German industrial conglomerate Siemens will provide three SGT-300 industrial gas turbine gen
Drones flying off into brighter offshore future
With COVID-19 still a concern and climate change being a major talking point all around the world, drone operators and innovators are trying to test and push the limits of usefulness of drones in the offshore industry both here and now and in the future.
Proserv subsea controls for IOG North Sea development
Proserv has secured a contract from Independent Oil and Gas to provide subsea controls system for IOG’s Core Project Phase 1 development in the UK Southern North Sea. Specifically, Proserv will be responsible for the engineering, construction and installation for the Elgood single-well subsea tiebac
Prosafe gets relief from lenders while working on long-term plan
Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.
Solstad Offshore promotes finance director to CFO role
Norwegian offshore vessel provider Solstad Offshore has picked a new chief financial officer (CFO).
Kawasaki Heavy Industries orders Blue Marlin lithium-ion capacitor from Corvus Energy
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has placed an order for the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS). Branded Blue Marlin, the product uses lithium-ion capacitor (LiC) cells that sustain very high charge/discharg
BP taps Bluware for seismic data analysis
BP has signed an agreement with Houston-based software firm Bluware to improve quality and speed of seismic interpretations. Large seismic data sets are difficult to move and use in workflows and also time consuming to interpret. InteractivAI, powered by Bluware Volume Data Store (VDS) cloud-native
Green light to Ineos for Cavendish field decommissioning plan
UK authorities have approved Ineos’ plan for the removal of the Cavendish platform and associated pipelines located in the UK southern North Sea.
Aker Solutions CFO to leave
Norwegian engineering company Aker Solutions has said that Ole Martin Grimsrud will resign as its chief financial officer (CFO). Grimsrud will leave the company 1 September 2020 to pursue other opportunities, Aker Solutions said Tuesday. Aker Solutions appointed Grimsrud as chief financial officer i
BP Southern Africa gets new chief executive officer
British oil major BP has named a new chief executive officer (CEO) of its BP Southern Africa (bpSA) entity.
Seadrill takes $1.2 billion impairment and moves to ditch NYSE listing
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
Qatar Petroleum inks $19.2 bln LNG shipbuilding deal
Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over $19 billion. Qatari giant said on Monday it has signed deals to reserve LNG ship construction capacity in South Korea to be utilized for its future LNG carrier fleet re
MMA vessel to support stranded Australian FPSO
MMA Offshore has been awarded a support contract with Upstream Production Solutions for the MPSV Mermaid Searcher.