Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched.Helping to drive the latest gain, a supply report from the U…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.The contract is due to start at the end of December 2021…
Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…
According to Oil & Gas UK’s latest Tech Insights report, data and digital solutions are finally becoming an integral part of the asset lifecycle. One of the largest areas where they’re applied is facilities management, but what about the design phase…
Oil and gas company Chevron has chartered Edda Accommodation's Edda Fides offshore accommodation unit for operations support in Australia, starting in the second quarter of 2022.Currently on a charter with Norway's Equinor, mono-hull vessel…
Oilfield firm Baker Hughes Co reported a quarterly profit that fell short of Wall Street expectations on Wednesday, sending its shares down sharply in pre-market trading.Oil producers and service firms are expected to be supported by a rebound…
Singapore authorities have charged two individuals in court for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.Afzal Bin Mohamed Ekbar, a bunker trader at KPI Bridge Oil Singapore Pte Ltd at the time…
Fugro has won a two-year contract with India's marine service firm OCS Services to support its asset integrity and corrosion management operations off the west coast of India.Fugro said Tuesday it would help OCS deliver on ONGC’s Protective Coating of Process Platform Project 1 (PCPP1)…
ASX-listed wave energy technology company Carnegie Clean Energy has launched a CETO-derived wave energy product designed for moored vessels, which 'offers a solution to the challenge of securing clean and reliable energy for offshore activities…
The Philippines' energy ministry on Tuesday defended the sale of an oil and gas concession to a firm controlled by an ally of President Rodrigo Duterte, dismissing a graft complaint that alleged preferential treatment as 'malicious'.Udenna Corp…
Sercel launched Bluepulse, a marine acoustic source that is a purpose-built to help protect marine wildlife from high-frequency emissions while maintaining highly accurate and reliable results for seismic acquisition.Bluepulse is compatible with all existing peripherals…
Intellian received type approval from Inmarsat for its new FB250 and Fleet One L-band terminals, making it one of the first to market with user terminals for operation on Inmarsat’s catalyst L-band network, ELERA. The FB250 is a multi-functional terminal…
Indonesia has cut its oil and gas production targets for this year, officials at industry regulator SKK Migas told reporters on Tuesday, as the coronavirus pandemic impacted new projects.The oil lifting target for 2021 was cut to 665,000 barrels per day (bpd) from an earlier target of 705…
India, grappling with its worst power crisis in five years, has asked Qatar to expedite delivery of 58 delayed liquefied natural gas (LNG) cargoes, two sources familiar with the matter said.Asia's third largest economy is suffering its worst…
Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession.In contrast to shortages in coal…
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