All articles by Srivani Venna

Srivani Venna

Maersk Drilling secures Aker BP contract for low-emission rig

Maersk Drilling has secured an additional contract from Aker BP for the low-emission rig Maersk Integrator to drill an exploration well offshore Norway.

Royal Dutch Shell to cut jobs from North Sea operations

Royal Dutch Shell has announced plans to cut 330 jobs from its UK North Sea operations as part of its global restructuring.

Oil prices decline as global Covid-19 infections increase

Oil prices have witnessed a fall as investors remained worried about increasing Covid-19 infections worldwide.

Saudi Arabia’s output cut pledge keeps oil prices hovering high

Saudi Arabia’s pledge to reduce output has kept oil prices hovering near 11-month highs and continued to sustain the market mood.

Oil prices edge down prior to restart of OPEC+ meeting

Oil prices have declined prior to the restart of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, meeting on February output levels.

Ocean Floor Geophysics acquires rights to use PGS’ CSEM technology

Ocean Floor Geophysics (OFG) has acquired the exclusive rights to use CSEM capability from PGS as part of an agreement signed.

Oil prices edge down due to rise in global Covid-19 infections

Oil prices have witnessed a decline as a rise in the Covid-19 infections globally tempers fuel demand recovery prospects.

Oil prices increase as global lockdown measures ease

Oil prices have witnessed a rise as the easing of global lockdown measures related to the Covid-19 pandemic increased expectations for traders for a speedy recovery in demand.

Keppel O&M to defer scheduled delivery of jack-up rigs to Borr Drilling

Keppel Offshore & Marine (Keppel O&M) has signed a framework deed to defer the scheduled delivery of five jack-up rigs to Borr Drilling to 2022.

Kongsberg signs LARS contract with Ocean Infinity

Kongsberg Maritime has signed its first contract with Ocean Infinity to deliver a launch and recovery system (LARS) for remotely operated vehicles (ROVs).