By Verity Ratcliffe (Bloomberg) –Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global…
Offshore News
Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest…
Boston Dynamics Robot ‘Spot’ Learning New Tricks Offshore Oil Rig
Nov 13 (Reuters) – Boston Dynamics’ dog-like robot ‘Spot’ is learning new tricks. Working on an oil rig operated by BP Plc nearly 190 miles (305 km) offshore in the Gulf of Mexico, the company is programming Spot to read gauges, look for corrosion, map out the facility and even sniff out methane on...
Record Hurricane Season Deals Worst Blow to Gulf Oil Production in a Decade
By Sheela Tobben (Bloomberg) –It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season shut in an OPEC-nation amount of oil during a global pandemic that decimated demand and sent crude stockpiles soaring. Between tropical storm Cristobal...
ConocoPhillips Announces Significant Gas Discovery Offshore Norway
Nov 11 (Reuters) – ConocoPhillips said on Wednesday it has discovered gas condensate offshore Norway, sending the oil producer’s shares up 2% in premarket trade. The discovery was made northwest of the Heidrun oil and gas field and 150 miles (241.4 km) from the coast of Norway in the Norwegian Sea....
Latin America Getting First Hybrid Propulsion Offshore Support Vessel
The platform supply vessel CBO Flamengo is set to become the first offshore support vessel in Latin America to be converted to hybrid power. CBO, one of the Brazil’s leading opertors of offshore suppport vessels, has hire Finnish technology group Wärtsilä for the conversion project. The CBO...
Covid-Stricken Pemex Is No Longer Testing All Platform Workers
By Amy Stillman (Bloomberg) –Petroleos Mexicanos, which has one of the world’s highest employee death tolls from Covid-19, is no longer distributing rapid tests for the virus to workers before they board platforms as the debt-laden producer ramps up output. Four workers who have boarded the...
Norway’s Top Court Starts Hearing on Arctic Oil Exploration
By Nerijus Adomaitis OSLO, Nov 4 (Reuters) – Norway’s top court began to hear arguments on Wednesday on the legality of awarding offshore oil licenses in the Arctic, in a landmark case that could stop the industry’s expansion. The lawsuit, led by environmental groups Greenpeace Norway and Nature...
Watch: Viral Video Shows Scary Moment a Lifeboat Suddenly Falls During a Drill
@justanotherservicetech Lifeboat accident ???#lifeboat #safetyfirst #accident #hopenoonegothurt ? original sound – Justanotherservicetech A video posted to the social media website TikTok shows the scary moment a lifeboat fails during a drill. We are told the incident took place in September during...
Pacific Drilling Files for Chapter 11 Bankruptcy
NYSE-listed offshore drilling contractor Pacific Drilling has filed for Chapter 11 bankruptcy in an effort to restructure $1.1 billion in bond debt. The Luxembourg-based company announced Friday that it filed voluntary petitions for relief under Chapter 11 in United States Bankruptcy Court for the...