They are slowly ploughing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market. In normal times, the vessels would be filled with…
Royal Boskalis Westminster has acquired a 62.5% majority stake in the Horizon Group from the United Arab Emirates. Announcing the deal on the 21st February, Boskalis said that Horizon’s main activities include marine geophysical surveys and geotechnical services. The remaining 37.5% of the…
PSW Group, a maintenance and service provider to the Norwegian subsea and drilling industry, has signed an agreement with Wergeland Holding AS to use Europe’s largest dry dock – being built in Norway – for offshore drilling units. PSW said on the 20th February…
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided an update in relation to its Greater Mediterranean portfolio. Abu Sennan, Egypt (22% working interest) Current production from the Abu Sennan concession is…
Charles Taylor opens Belgium office, targets growth in Europe International loss adjuster Charles Taylor Adjusting (CTA) has opened a new office in Belgium to expand its property/casualty offering in Europe. The company said it enjoyed solid growth in the P&C arena and particularly in…
The Netherlands became a net importer of natural gas last year for the first time since the commissioning in 1963 of giant Groningen gas field, production of which is being phased out by the government. GasTerra, which markets Groningen gas for NAM, the ExxonMobil-Shell…
Total, a major energy player, Ørsted, renewable major, and Elicio, a renewable energy producer preselected by the French Energy Regulatory Commission, have announced the creation of an industrial consortium to submit a joint bid for the Dunkirk offshore wind farm project for a power capacity…
Aker BP has become the first company on the Norwegian Continental Shelf to operate a staffed platform from an onshore control room. Ivar Aasen in the North Sea is now operated from Aker BP’s offices in Trondheim. Two identical control rooms The control room…
Oilfield services giant Schlumberger and Milwaukee-based Rockwell Automation are teaming up to create a fully integrated digital oilfield automation solutions provider for the oil and gas industry. The two companies entered into a joint venture to create Sensia. The Sensia JV will provide measurement…
As activity picks up in the offshore oil and gas market, consultant Rystad Energy expects 33 FPSOs to be sanctioned from 2019 to 2021. According to the consultant, 13 FPSOs will require a production capacity of less than 60,000 b/d, ten will require a…
