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…
KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market.The contract covers the re-termination and testing of subsea umbilical components…
Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4…
DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS) vessel Skandi Amazonas, as the company continues to optimize and modernize its fleet…
Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil are exiting the Red Sea via the Bab el-Mandeb strait on Thursday, shipping data showed, even as a Saudi vessel came under attack in the region.The ships' attempt…
The Iranian-aligned Houthis said on Thursday they struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, threatening to create a second chokepoint on global oil supplies alongside Iran's near-closure of the Strait of Hormuz…
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…
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