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13 August 2020
Solstad secures contract from Ocean Installer for Normand Vision
Norwegian offshore service company Solstad Offshore has secured a contract from subsea contractor Ocean Installer for the Normand Vision high-capacity construction support vessel (CSV).
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13 August 2020
Oil prices fall after OPEC’s monthly report on fuel demand
Oil prices have slipped after the Organization of the Petroleum Exporting Countries (OPEC) stated that fuel demand would fall more steeply than expected.
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12 August 2020
Wild Well Control and Oil Spill Response form emergency response alliance
US-based well control company Wild Well Control and Oil Spill Response (OSRL) have signed a strategic alliance agreement to provide increased capability to the oil and gas (O&G) industry.
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12 August 2020
Petronas subsidiary joins FASTsubsea’s subsea pump development
Petronas Research and the FASTsubsea joint venture (JV) between FSubsea and Aker Solutions have signed a 'joint industry project' contract to develop and test a low-cost subsea multiphase pump.
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12 August 2020
Oil prices rose after industry group API reported drop in US crude stocks
Oil prices have inched higher after an industry report released by the American Petroleum Institute (API) showed that US crude stocks reduced more than expected.
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11 August 2020
Covid-19 impact: Job cuts in US oil field services sector accelerate
The number of job losses in the US oil field services sector has accelerated recently as the Covid-19 pandemic continue to overwhelm the economy.
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11 August 2020
Wellesley Petroleum secures exploration well drilling permit off Norway
Wellesley Petroleum has secured a permit from the Norwegian Petroleum Directorate (NPD) to drill an exploration well.
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11 August 2020
Oil prices further improve on expectations of US stimulus package
Global oil prices have further improved riding on hopes of a new Covid-19 related stimulus package from the US to support the local industry.
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10 August 2020
MOL apologises for 1,000-ton oil leak off the coast of Mauritius
Japanese shipping company Mitsui O.S.K. Lines (MOL) has apologised for damage done to the local environment and tourism following the spillage of 1,000 tons of heavy oil into the ocean...
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10 August 2020
BP plans to divest several assets to boost renewable investment
BP has reportedly decided to sell several oil and gas assets to increase its investment in renewable energy.