(Reuters) – Oil ministers from Saudi Arabia, Russia, Qatar and Venezuela started a closed-door meeting in Doha on Tuesday, sources said, their highest-level discussion in months and a potentially pivotal sign that producers are preparing to tackle a devastating supply glut. An agenda and schedule fo
Clugston Construction, which is delivering the Service Offshore Building for Siemens at Green Port Hull, will hold a Meet the Buyer event on 19 February to tap into the local supply chain. Clugston’s staff will be attending the event to meet local suppliers and subcontractors to discuss the opportun
Kvaerner, a Norway-based engineering and construction firm supporting oil and gas industry, returned to 4Q profit in 2015. The company’s net profit for the last quarter of 2015 was NOK 147 million, compared to a net loss of NOK 327 million in the fourth quarter of 2014. Kvaerner’s revenue was lower
Spanish LNG terminal operator Enagás posted a net profit of 413 million euros in 2015, a rise of 1.5 percent as compared to the year before. The main reasons behind this increase “were the contribution of affiliates, international projects and improved financial results,” Enagás said in a statement
Peru’s only liquefied natural gas export facility at Pampa Melchorita stopped exporting LNG in mid-January due to a leak in its 560-km long feeder pipeline.
Spanish company Offshoretronic has informed that it designed the first wind farm installation vessel (WTIV) concept based on the conversion of the Samsung 10.000 DP Deepwater Drillship. According to the company, the newly designed vessel, named Sustainable Installer I, and installation method will h
French oil company Total, and Norwegian oilfield services provider Aker Solutions will collaborate on research and innovation with the aim to develop new cost-effective subsea field technology. The initial four-year technical collaboration agreement will build on earlier cooperation and bring both c
German company 8.2 Consulting AG has established a new subsidiary in Denmark. “With the lowest prices ever, the Danish offshore market is again in the frontlines and we are happy to be part of this revolution,” said Benjamin Quader, Head of Offshore at 8.2 Consulting AG. The new company will be mana
Brazilian oil company Petrobras has terminated a contract for a Dryship-owned platform supply vessel. According to Dryships, the Brazilian oil firm has given notice of termination on the contract for the platform supply vessel (PSV) Vega Crusader effective as of March 6, 2016. The contract of the Ve
On 12 February, offshore wind installation vessel Aeolus left the Port of Esbjerg for the Gemini offshore wind farm, carrying six turbines to be installed at the site. According to vessel’s AIS, the Aeolus has reached its destination, and is now in the company of Havila Phoenix and Acta Orion, which
On 12 February, offshore wind installation vessel Aeolus left the Port of Esbjerg for the Gemini offshore wind farm, carrying six turbines to be installed at the site. According to vessel’s AIS, the Aeolus has reached its destination, and is now in the company of Havila Phoenix and Acta Orion, which
By Jeb Blount and Marta Nogueira RIO DE JANEIRO (Reuters) – Royal Dutch Shell, Europe’s largest oil company, expects to make robust investments in Brazil’s offshore, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday. CEO Ben Van Beurden
Sembcorp Marine, a Singapore-based offshore rig builder, posted a loss of $537 million for the fourth quarter of 2015, down from $174 million profit in the fourth quarter of 2014. The company’s profit was affected by impairment and provisions of $609 million for Sete Brasil projects and other rig pr
Another international tanker got caught up in a dispute between the two opposing governments in Libya over alleged oil and gas smuggling. Namely, a Sierra-Leone flagged oil tanker, identified as the Captain Khayyam, was seized by the Libyan authorities under suspicion of illegally entering Libyan wa
