Monday, August 10, 2020
keppel shipyard
Offshore

Temasek Unit Scraps $3 Billion Bid for Keppel

By Krystal Chia (Bloomberg) — Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder...

August 10, 2020
Total Views: 10

Monday, August 3, 2020
mariner oil field uk north sea
Offshore

U.K. Oil Workers Marooned at Sea May Be Safety Risk, Unions Say

By Ryan Hesketh (Bloomberg) –North Sea oil workers are staying offshore for as long as three weeks at a time, potentially increasing the risks of an already dangerous operating environment,...

August 3, 2020
Total Views: 21

Friday, July 31, 2020
Chevron Big Foot
Offshore

Chevron Reports Massive Q2 Loss on Writedowns

By Jennifer Hiller HOUSTON, July 31 (Reuters) – Chevron Corp on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced...

July 31, 2020
Total Views: 19

Thursday, July 23, 2020
Offshore

Saipem Wins More Offshore Wind Work for Saipem 7000

Italian oil services giant Saipem has announced multiple new contract awards related to offshore wind projects currently under development off the coasts of England, Scotland and France. First, the Dogger...

July 23, 2020
Total Views: 180

offshore drillship
Offshore

Shell Drills Dry Hole Offshore Brazil, Dimming Hope for Brazilian Oil

By Peter Millard (Bloomberg) –Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed the best oil...

July 23, 2020
Total Views: 74

Wednesday, July 22, 2020
offshore rig
Offshore

U.K. Oil Industry at Odds With Government on Mass Covid Testing

By Ryan Hesketh (Bloomberg) –The U.K. oil and gas industry says blanket testing of its workers is essential to avoid Covid-19 outbreaks offshore, but the authorities have so far refused...

July 22, 2020
Total Views: 3

Tuesday, July 21, 2020
offshore rig
Offshore

Chevron’s $5 Billion Deal for Noble Ends Deal Drought

By Arathy S Nair July 21 (Reuters) – Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting...

July 21, 2020
Total Views: 11

Friday, July 17, 2020
offshore wind farm
Maritime News

Norwegian Billionaire Reshapes Oil Empire for Renewable-Energy Future

By Mikael Holter and Lars Erik Taraldsen (Bloomberg) –Billionaire Kjell Inge Rokke is transforming the structure of his business empire as he seeks to revive struggling oil-service firms and seize...

July 17, 2020
Total Views: 60

Wednesday, July 15, 2020
Offshore Oil Platform
Offshore

COVID-19 Is Killing Oil Workers at an Unparalleled Pace in Mexico

By Amy Stillman (Bloomberg) — Of all the companies around the world affected by Covid-19, none has disclosed a worse death toll than Pemex, Mexico’s state-owned oil producer. Petroleos Mexicanos,...

July 15, 2020
Total Views: 19

Monday, July 13, 2020
Offshore

Brazil’s Offshore Oil Workers Face Coronavirus Outbreaks

By Gram Slattery RIO DE JANEIRO, July 13 (Reuters) – On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil’s state-run oil company Petrobras checked into...

July 13, 2020
Total Views: 12

Thursday, July 9, 2020
offshore drilling rig
Maritime News

Wave of North American Oil and Gas Bankruptcies to Continue at $40 Oil

By Liz Hampton July 9 (Reuters) – A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a...

July 9, 2020
Total Views: 13

offshore wind farm
Maritime News

Japan to Develop Offshore Wind Farms at 30 Sites in 10 Years, Nikkei Says

TOKYO, July 9 (Reuters) – Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade,...

July 9, 2020
Total Views: 7

Friday, July 3, 2020
Maritime News

Total Sends Oil Rig to South Africa for Rare Frontier Drilling

By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a...

July 3, 2020
Total Views: 75

Thursday, June 25, 2020
Offshore

Norway’s Full-Scale Carbon Capture Project Could Become Financial Disaster, Report Warns

By Mikael Holter (Bloomberg) –Norway’s plan for a full-scale carbon capture and storage project could end up a financial disaster, according to a new report that includes an increased cost...

June 25, 2020
Total Views: 27

Wednesday, June 24, 2020
offshore wind turbine
Offshore

Japan Launches Auction for Floating Offshore Wind Farm

By Aya Takada (Bloomberg) –Japan officially launched its effort to seek participants in the nation’s first auction for a floating offshore wind farm. The nation’s economy and land ministries will...

June 24, 2020
Total Views: 27

offshore drillship
Offshore

Offshore Drillers Face New Round of Bankruptcies

By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) – The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four...

June 24, 2020
Total Views: 54

Tuesday, June 16, 2020
offshore platforms
Offshore

U.K. Offshore Oil and Gas Industry Pledges to Cut Emissions in Half Over Next Decade

By Amanda Jordan and Laura Hurst (Bloomberg) –The U.K. offshore oil and gas industry pledged to cut emissions from its operations by half in the next decade, and eliminate them...

June 16, 2020
Total Views: 6

Monday, June 15, 2020
offshore wind farm
Offshore

Orsted CEO to Resign After Leading Company in Renewables Transition

By William Mathis (Bloomberg) –The chief executive officer of Orsted A/S will step down by the end of next January, after transforming the former fossil-fuel company into the world’s biggest...

June 15, 2020
Total Views: 20

Offshore

BP Writes Off Billions as Covid Redraws Rules of Oil Demand

By Laura Hurst and Amanda Jordan (Bloomberg) –BP Plc will make the biggest writedown on the value of its business since the Deepwater Horizon disaster a decade ago, as the...

June 15, 2020
Total Views: 8

Thursday, June 11, 2020
offshore rig north sea
Offshore

Oil Crisis Shows Richest Nordic Country Remains a Crude Addict

By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left...

June 11, 2020
Total Views: 20