SBM Offshore profits from South American oil discoveries
The Dutch oil and gas company SBM Offshore is doing good business in South America, where enormous oil and gas reserves have been found off…
Charter rates exceed pre-pandemic level
Almost exactly one year after the Covid-19 pandemic hit Europe, the charter rates for multipurpose and heavy-lift vessels are back at their pre-pandemic level and…
Decommissioning
Pioneering Spirit to remove two platforms in the Irish Sea
PRESS RELEASE – Allseas’ Pioneering Spirit will travel to the Irish Sea this year to remove two normally unmanned installations in the East Irish Sea.…
Oil & Gas
Shell cuts up to 9,000 jobs in sustainability push
Shell will cut 7,000 to 9,000 jobs as part of a large-scale business transformation aimed at making the company sustainable. The oil major wants to…
Offshore
Aker BP’s quarterly income exceeds billion dollars for the first time
Aker BP has achieved its highest quarterly income yet, exceeding one billion dollars for the first time. Oil production increased by roughly 33% to a…
Project logistics
Lubbers Global Freight: “We want to be present in all major energy hubs”
As the new kid on the block, Lubbers Global Freight wants to rapidly grow as a specialized freight forwarder for the energy markets. Following a…
Heerema’s Sleipnir sets new world record lifting 15,300 tonnes
Heerema has set a new world record lifting a module of 15,300 tonnes with its new heavy-lift vessel Sleipnir. Such a load has never been…
Oil & Gas
Norwegian oil industry highly optimistic about the future
The Norwegian oil and gas industry is highly optimistic about the future, shows an economic outlook barometer from SpareBank 1. Especially companies with large exposure…
Oil&Gas
2019 discoveries may reach highest level since oil price collapse
Oil and gas exploration is off to a flying start in 2019, with the oil majors taking a bigger bite of the conventional resources discovered…
Oil and gas
Oil and gas industry returns to action, says WoodMackenzie
After a difficult few years, the oil and gas industry is picking up the pace of its recovery. The exploration sector is back in the…
Iran
Iran open for business again… sort of
A new initiative launched by the Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany) and Jeremy Hunt (United Kingdom) allow European companies to do business…