The supply/demand balance in the subsea vessel market is shifting as activity levels rise markedly across many of the sectors these vessels support. Operators and contractors need to be decisive in securing the assets they need, according to Jonathan Lints of broker Clarksons Platou (Offshore)…
Abu Dhabi National Oil Company (ADNOC) has started virtual meetings with potential investors ahead of the planned initial public offering of its drilling unit, two sources told Reuters.Banks working on ADNOC Drilling are scheduling calls with local…
Offshore wind turbine maker GE Renewable Energy has signed a deal with Japan's Toshiba Energy Systems to localize crucial manufacturing phases of GE's giant 12-14 MW Haliade-X offshore wind turbine and to support the turbine's commercialization in Japan…
According to new research from Oxford Brookes University, vertical offshore wind turbines are much more efficient in large-scale wind farms than conventional turbines, and when used in pairs, vertical turbines can boost each other's output by up to 15%…
Offshore services provider Global Maritime has won a contract with offshore wind developer Ørsted in Taiwan.Global Maritime Singapore will provide of Marine Warranty Services from Orsted Taiwan Limited, in support of the Greater Changhua 1 & 2a Offshore Wind Farms WTG installation scope of work…
Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2021 by 40% on Thursday thanks to higher than expected oil prices but left its capital expenditure plans unchanged so it can repay more debt.Inpex is now forecasting a net profit of 140 billion yen ($1…
Indian offshore drilling rig owner Aban Offshore has resumed operations at its Aban IV jack-up drilling rig following a suspension due to a Covid-19 outbreak.Aban Offshore had suspended operations on the 1983-built, 2011-refurbished offshore drilling rig in the first week of May…
Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…
Malaysia's Dayang Enterprise has won a contract with Shell's Malaysian subsidiaries for the provision of topside maintenance services offshore Malaysia.Dayang said Monday that the contract value would depend on orders issued by Shell throughout the contract duration…
FPSO specialist BW Offshore has awarded NOV's APL a contract to supply a large submerged turret production (STP) system for the FPSO to be deployed at Santos' Barossa gas and condensate field located offshore of Australia.The Barossa field is…
OMV New Zealand has awarded Australia's MMA Offshore a contract to help with the decommissioning of several wells in the Maui field, 35 kilometers off the coast of Taranaki, New Zealand.MMA’s UK-based engineering team has designed and developed…
The tender process for an offshore drilling rig to be used for the drilling of Carnarvon Petroleum's and Advance Energy's Buffalo offshore well in the Timor Sea is nearing completion, and the spud date is scheduled for the fourth quarter of 2021…
Seadrill Partners, an offshore drilling contractor, has secured a four-well contract for its West Capella drillship in Malaysia with an unnamed client. The client will have an option to extend the contract for up to seven more wells. The contract's…
Offshore drilling company Valaris, which last week emerged from bankruptcy, has won a contract extension for its Valaris JU-115 jack-up rig offshore Thailand.Valaris said Monday that the oil and gas company Mubadala Petroleum had extended the jack-up rig charter by around 240 days…
Malaysian oil and gas giant Petronas has dismissed reports of the company's involvement in talks with Hong Kong-based offshore wind company Ocean Wind International Industrial Limited as false.'Petronas refers to news reports that have emerged…
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