DOF Subsea has secured various inspection, maintenance and repair and subsea installation contracts worth more than NOK 500 million ($61.5 million). Read Full Article Here For more great articles: Offshore RSS Feed
New Zealand Oil & Gas has upgraded developed reserves in the Kupe oil and gas field offshore Taranaki to 6.02 MMboe. Read Full Article Here For more great articles: Offshore RSS Feed
Nexen has awarded Wood Group a new five-year contract in the UK North Sea valued at $150 million. Read Full Article Here For more great articles: Offshore RSS Feed
Aqualis Offshore has agreed to cooperate with China Ship Design & Research Center Co. Read Full Article Here For more great articles: Offshore RSS Feed
Bureau Veritas has developed guidelines for walk-to-work motion compensated offshore access systems, used to transfer personnel to and from offshore installations. Read Full Article Here For more great articles: Offshore RSS Feed
Light, sweet crude prices for May delivery rose more than $1/bbl on the New York market Apr. 20, which was the last day of trading for that futures contract. Analysts attributed the price support to traders making short-covering transactions before the contract’s expiry and also to a weakening US dollar. Read Full Article Here For…
By LNG World News Liquefied natural gas imports into China reached 1.7 million tonnes in March, according to the General Administration of Customs data. March LNG imports by the world’s largest energy consumer rose 27 percent as compared to the same month a year ago. China’s imports of piped natural gas increased 38 percent to…
By LNG World News Novatek-operated Yamal LNG project in Russia is close to securing around US$10 billion in loans from Chinese banks, according to China National Petroleum Corp’s first vice president Wang Zhongcai. He was quoted by Reuters as saying that the talks with the banks are under way and that the financing would be…
By Offshore Energy Today.. South Korean shipbuilding company Hyundai Heavy Industries is reportedly set to slash 10 percent of its workforce, a preemptive move to survive the protracted slump in the shipbuilding industry. South Korean Pulse News reported on Thursday, quoting industry sources, that the shipbuilding giant will reportedly cut 10 percent of its total…
By Offshore Energy Today.. DeepOcean has been awarded a contract for provision of engineering, procurement, removal and disposal (EPRD) of Varg subsea facilities, offshore Norway, by Repsol. Varg field is located in the Norwegian sector of the North Sea. Repsol, the operator of the field with 65% interest, recently applied to authorities to plug eight…