Chevron has shut in production at its Petronius platform in the U.S. Gulf of America and evacuated all associated personnel to shore as Tropical Storm Bertha approaches.The company said production from its other Chevron-operated assets in the Gulf remains at normal levels.Chevron has also evacuated nonessential personnel from its Tubular Bells and Blind Faith platforms while implementing storm preparedness…
Improving injury rates are masking the continued threat of fatal accidents across the offshore marine contracting industry, according to the International Marine Contractors Association (IMCA) after its latest Annual Safety Statistics Report…
Oil prices rose to near six-week highs on Wednesday on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen…
Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.The Norwegian group's adjusted earnings before tax for the April to June period rose to $11…
Plexus Holdings has signed a two-year engineering agreement with Cactus Wellhead to develop and qualify a range of wellhead products for offshore energy applications.Under the agreement, Plexus will provide engineering, analysis and testing services…
Ocean Winds, a 50/50 joint venture between EDP Renewables and Engie, has secured offshore consent from the Scottish government for its 2 GW Caledonia offshore wind farm, clearing the final major regulatory hurdle for the project.Located about 40 km offshore in the Moray Firth…
Entr, the consultancy arm of Aker Solutions, and its wholly owned subsidiary Unitech Power Systems have been awarded a contract by renewable energy producer Nadara to carry out electrical infrastructure studies for the proposed 1.8 GW Bellrock…
Delfin Midstream has issued a limited notice to proceed to Siemens Energy for long-lead equipment for its second floating liquefied natural gas (FLNG) vessel offshore Louisiana and signed an agreement with MidOcean Energy that could see the LNG company acquire up to a 50% interest in the project…
Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries escalating strikes across the Gulf, shipping data showed.Nine vessels crossed the strait on Wednesday…
Wärtsilä has signed a five-year lifecycle agreement with Ireland-based Pardus Energy to support the operation of the floating storage and regasification unit (FSRU) TURQUOISE P.The agreement includes contract management, maintenance planning and spare parts support for the vessel…
Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close 'all other export corridors that benefit the U.S. and its allies'…
Oil prices rose on Tuesday to their highest in four weeks, as the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude futures LCOc1 were up $2…
Heerema Marine Contractors has reduced the North Atlantic transit time of its semi-submersible crane vessel (SSCV) Sleipnir by 2.5 days following a voyage optimization pilot with French ocean intelligence company Amphitrite.The data-driven pilot…
Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.Brent crude futures LCOc1 were up $2.67, or 3.51%, to $78.68 at 0743 GMT…
The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns.Six vessels transited the strait on Sunday…
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