Weatherford International, an oil and gas services company, is planning to reduce its headcount by another 6,000 after 14,000 had already been laid off in 2015 due to low activity levels. In the 4Q 2015 results report on Wednesday, Weatherford said that due to severe market contraction, the company
The 184,320 dwt containership CSCL Indian Ocean, one of the world’s biggest boxships, grounded on the Elbe river in Hamburg in the evening hours of February 3, according to the German Federal Waterways and Shipping Administration. The exact cause of the incident has not been confirmed, however, a po
Esvagt Njord, also known as Esvagt HST-125, left the quay side in Gdansk this morning and is heading to Leirvik Shipyard in Norway, according to the Danish Offshore Service Vessel (OSV) operator Esvagt. Esvagt Njord OSV was built by Poland’s Nauta Shiprepair Yard and is destined to service the 400 M
Aker Solutions was recognised as the best subsea company of the year at the Subsea UK awards and David Bloom of Subsea 7 was honoured for his outstanding contribution to the subsea industry. The awards were presented at a gala dinner during Europe’s largest subsea-focused exhibition and conference –
Danish oil firm Maersk Oil has resumed production from its Tyra field offshore platforms. To remind, production from the Tyra East and West had been temporarily shut earlier this week due to a bad weather in the Danish sector of the North Sea. In a message to Offshore Energy Today on Thursday, a Mae
A2SEA’s Sea Worker vessel has capsized during the night between Tuesday and Wednesday, after running aground off the Coast of Hvide Sande, Denmark. Sea Worker is a jack-up barge equipped to operate in the offshore wind sector. It is capable of installing a wide range of equipment such as monopiles,
Royal Dutch Shell, whose shareholders recently approved its takeover of LNG player BG, reported an 87 percent drop in annual profits to $1.94 billion. Shell’s quarterly earnings dropped by 58 percent to $939 million due to falling oil and gas prices, the Anglo–Dutch multinational said on Thursday. “
Having spent 2015 with Noble Energy in the Gulf of Mexico, the EMAS-owned subsea construction vessel Lewek Constellation will soon be on its way to Australia for the Julimar offshore development project. In June, 2015, the Singaporean provider of marine, construction, production and well services sa
Royal Dutch Shell, the Anglo/Dutch oil company, posted a drop in its fourth quarter 2015 earnings of 56 percent. On a current cost of supplies (CCS) basis the 4Q earnings were $1.8 billion compared with $4.2 billion for the same quarter a year ago. Full year 2015 CCS earnings were $3.8 billion compa
Australia’s AGL Energy said Thursday that exploration and production of natural gas assets will no longer be a core business for the company due to plunging oil and gas prices. AGL is pulling out of its coal seam gas business in Australia, ceasing its exploration and winding down or selling its oper
Norwegian oil giant Statoil has posted a net loss for the fourth quarter of 2015. Net loss for the quarter was NOK 9.2 billion, down from a net loss of NOK 8.9 billion a year ago. For the full year 2015, the company’s net loss was NOK 37.3 billion. The company said that its results were mainly affec
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal informed that sales revenues from the import facility reached €5.9 million in January, a rise of 9.3 percent as compared to the same month in 2014. During January, LNG terminal regasified and supplied 1.071 thousand MWh of natural ga
Statoil of Norway said it plans to further cut spending after reporting a drop in fourth-quarter profit on Thursday. The Norwegian oil and gas giant is reducing organic capital expenditure from $14.7 billion in 2015 to around $13 billion in 2016. Statoil reported a net loss for the fourth quarter of
Logistics provider Royal Rotra has recently opened an LNG filling station near the new Rotra container terminal in Doesburg in the eastern Netherlands. The LNG filling station, designed and built by Cryonorm Systems, is used for fueling of inland waterway barges and trucks, Cryonorm Systems said in
