Kotug has completed the 100 per cent acquisition of Marsol, an offshore and marine terminal service centre specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
The effect of the COVID-19 pandemic and the ongoing oil price war will likely cause the cancellation of more than half of the world’s planned licensing rounds, according to energy intelligence firm Rystad Energy.
A Hong Kong-flagged vessel was boarded by unidentified armed men in the Gulf of Oman.
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
DP World implemented an action plan in order to keep essential trade flowing amid the global pandemic.
Biofouling is, or should be seen as, public enemy number one when it comes to impacting on marine ecosystems and handicapping vessel performance worldwide.
Qatar Petroleum has delayed the production start from its LNG export project to 2025 as it faces bidding process delays. Speaking to Reuters, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of Qatar Petroleum, said the size of the project remains the same. This
LNG producing giant Qatargas has started a programme to utilise boil-off gas to power its chartered liquefied natural gas vessels during unloading operations at Japanese LNG terminals. The programme is being implemented with the cooperation of Qatargas’ Japanese buyers, the Qatari company said in a
Under Rystad Energy’s updated base case scenario of $34 per barrel in 2020 and $44 per barrel in 2021, global capital expenditure for exploration & production firms is expected to drop by up to $100 billion this year, about 17% versus 2019 levels.
Energean expects to see its hull for the Energean Power FPSO sail away from China to Singapore in the coming weeks
The outbreak of the coronavirus is set to cause extensive staffing and supply shortages as well as delays on floating production, storage and offloading (FPSO) vessels under construction in China, South Korea, and Singapore, according to energy intelligence firm Rystad Energy.
