The report, now available on ASDReports, “Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region – Global Forecast to 2023”. The…
Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on the 17th April, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because…
On the 17th April, Australia’s Northern Territory lifted a nearly two-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region and raising the possibility of other provinces following suit. The Northern Territory (NT), a 1.4 million square kilometre (540,000…
DeepOcean has contracted Osbit to upgrade a subsea plough for the construction of the Nord Stream 2 pipeline in the Baltic Sea. To meet the project’s requirements the Advanced Multi-Pass Plough (AMP500) must be re-engineered to accommodate a larger diameter pipeline. Osbit plans…
The future of the UK-based offshore fabrication company BiFab has been secured following a deal with a Canadian firm hammered out by the Scottish government which will also take a minority stake in support of the future of the yard. BiFab’s problems started late…
Breaking Down the Silos in the Energy Insurance Market The drive to green energy is forcing the Hands of world’s energy producers, with important consequences for insurers, writes Dennis Culligan, Longdown|EIC Ltd. Last month some of the world’s major oil companies and the energy insurance…
The first export of natural gas from the U.S. East Coast has set sail. Dominion Energy Inc’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas on the 16th April, officially bringing the total number of US exporters of…
The company which owns twin oil pipelines beneath the waterway which connects Lake Huron and Lake Michigan is preparing to launch an underwater vehicle to inspect damage which may have been caused by a ship’s anchor. A spokesman for Enbridge Inc said on the…
Esso Australia plans to drill two exploration wells in mid-year on the VIC/P70 block, 90 kilometres (56 miles) off the East Gippsland Victorian coast. According to the company’s website, the wells will target the Baldfish and Hairtail prospects, with the program expected to last…
Helicopter operator CHC Group has signed a two-year contract extension with Aker BP to support its infield shuttle at the greater Valhall field in the Norwegian North Sea. In a statement announcing the contract on the 17th April, CHC said that the contract will…
