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offshore oil and gas


Thursday, January 26, 2017
offshore oil rig Statoil
News

Nordea Sees Tough Years Ahead in Norway’s Oil Services Industry

OSLO, Jan 26 (Reuters) – Subcontractors to the oil industry, including supply vessel owners, seismic shippers and rig firms, will continue to face

January 26, 2017
Total Views: 43

Monday, January 16, 2017
offshore oil rig Statoil
Offshore

Oil’s Painful Cost-Squeeze Brings Output Dividend for Norway

By Mikael Holter (Bloomberg) — Cost cuts are painful, but for Norway’s oil industry making every penny count has also yielded a surprising

January 16, 2017
Total Views: 5

Tuesday, January 10, 2017
al-shaheen
Maritime News

Maersk Oil Announces 160 Layoffs in Denmark

Maersk Oil plans to reduce its workforce in Denmark by approximately 160 positions as part of a plan to simplify the organization, the company said this week.

January 10, 2017
Total Views: 26

Sikorsky Calls for Mandatory Inspection of S92 Helicopters After North Sea Rig Landing Accident
News

Sikorsky Calls for Mandatory Inspection of S92 Helicopters After North Sea Rig Landing Accident

International helicopter manufacturer Sikorsky is requiring all operators of its S92A helicopters to undertake a mandatory inspection of

January 10, 2017
Total Views: 111

Wednesday, December 21, 2016
njord a offshore platform
News

Oil Optimism Back as Norway Predicts Bottom Is Behind Us

By Mikael Holter (Bloomberg) — The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the

December 21, 2016
Total Views: 70

Wednesday, December 14, 2016
Maritime News

Oilfield Services Company Wood Group Shows Recovery in Oil and Gas Markets

Dec 14 (Reuters) – Oilfield services company John Wood Group Plc’s CFO David Kemp said on Wednesday that the company showed modest recovery in some

December 14, 2016
Total Views: 48

Wednesday, November 16, 2016
offshore oil rig Statoil
News

Worst Still to Come for Norway Offshore Fleet as More Rigs Idled

By Mikael Holter (Bloomberg) — The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is

November 16, 2016
Total Views: 36

Monday, November 14, 2016
Allseas Pioneering Spirit Approaches Platform For First Oil Rig Decommissioning Job
Maritime News

Oil Majors Seeking Norway Exit Warned Shutdown Costs May Remain

By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for

November 14, 2016
Total Views: 6

Monday, November 7, 2016
Prospect of Offshore Oil Offers Mixed Blessing for Somalia
Maritime News

Prospect of Offshore Oil Offers Mixed Blessing for Somalia

By Ed Stoddard CAPE TOWN, Nov 7 (Reuters) – Somalia looks more likely to strike oil than gas in its long pursuit of offshore riches, making it easier for

November 7, 2016
Total Views: 49

Wednesday, September 14, 2016
Maersk Oil Sells North Sea Stakes
Maritime News

Maersk Oil Sells North Sea Stakes

By Ron Bousso LONDON, Sept 14 (Reuters) – Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea

September 14, 2016
Total Views: 12

Tuesday, September 13, 2016
Global Oil Outlook Darkens More Quickly on Stubborn Surplus
Maritime News

Global Oil Outlook Darkens More Quickly on Stubborn Surplus

By Amanda Cooper LONDON, Sept 13 (Reuters) – The global oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets

September 13, 2016
Total Views: 3

Wednesday, August 31, 2016
Israel Courting Energy Heavyweights to Seek Offshore Gas
Offshore

Israel Courting Energy Heavyweights to Seek Offshore Gas

By David Wainer (Bloomberg) — Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to

August 31, 2016
Total Views: 9

Tuesday, August 30, 2016
Maritime News

Offshore Vessels Detained In Aberdeen Over Unpaid Wages

by Polly Toynbee (TheGuardian) M/V Malaviya Twenty has been moored in Great Yarmouth docks since December. To look at, it’s no rustbucket, kept in good shape

August 30, 2016
Total Views: 11

Norway’s DNB: Oil Industry Suppliers Face Years of Restructuring
Offshore

Norway’s DNB: Oil Industry Suppliers Face Years of Restructuring

By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies

August 30, 2016
Total Views: 39

Monday, August 29, 2016
north sea oil rig with offshore workboat alongside
Maritime News

Big Oil Seems to Be Falling Out of Love With Big Projects

By Liam Denning (Bloomberg Gadfly) — Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major

August 29, 2016
Total Views: 51

Oil Executives See Market ‘Volatility’ Through 2017
Maritime News

Oil Executives See Market ‘Volatility’ Through 2017

By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering

August 29, 2016
Total Views: 3

Saturday, August 20, 2016
Offshore

Singapore & Malaysia Are Drowning In Oil Debt

by David Yong & Denise Wee (Bloomberg) Singaporean companies struggling to meet debt obligations as oil prices slump may get more support from the

August 20, 2016
Total Views: 39

Thursday, August 11, 2016
troll a
Maritime News

IEA: Oil Markets to Tighten Slowly After Months of Oversupply

By Dmitry Zhdannikov MOSCOW, Aug 11 (Reuters) – Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth

August 11, 2016
Total Views: 0

Wednesday, August 10, 2016
Swiber Troubles Show Urgency Needed in Fixing Debt, Adviser Says
Maritime News

Swiber Troubles Show Urgency Needed in Fixing Debt, Adviser Says

By David Yong and Andrea Tan (Bloomberg) — Singapore’s offshore oil services companies and marine engineering firms are leaving it too late to

August 10, 2016
Total Views: 5

Thursday, July 21, 2016
platform supply vessel north sea sunrise sunset
Maritime News

North Sea Field Shutdowns to Climb as Brexit Deepens Oil Gloom

By Rakteem Katakey (Bloomberg) — The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain

July 21, 2016
Total Views: 7
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