Pandemic causes Shell to book largest loss ever
Shell has booked its largest-ever loss of USD 21.7 billion as a result of the corona crisis. Large write-offs during the first lockdown already resulted in the largest quarterly loss in the company’s history. Shell...Read more
Bertling partners with Al Khaldi to grow in Saudi market
Bertling Logistics has formed a new joint venture with the Saudi freight forwarder Al Khaldi. The new business called Al Khaldi-Bertling Logistics will open its doors on 1 February 2021 and be headquartered in the...Read more
Nearly 50 rigs were scrapped last year
Nearly fifty drilling platforms were scrapped in 2020, which is significantly more than in previous years, reports the French financial services provider Kepler Chevreux.Read more
Jumbo sets heavy lift record in port of New Orleans
Jumbo’s heavy-lift vessel Fairpartner has set a new lift record in the port of New Orleans while unloading two hydrocracking reactors for an oil major. Read more
Boskalis acquires Rever offshore’s subsea services business
PRESS RELEASE – Boskalis has acquired Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, offers a broad range of solutions in the area of subsea construction, inspection, repair and maintenance.Read more
Jumbo installs mooring system in record water depth
Jumbo Offshore has installed a 14-point FPSO mooring system at a depth of 1,760 metres, breaking its own deepwater record. The project was carried out in preparation for the installation of the first FPSO ever...Read more
ALS transports drilling rig in 121 packages
PRESS RELEASE – Abnormal Load Sevices (ALS) has transported a drilling rig in 121 packages totalling a volume of 6,750 cubic meters and 1,705 tonnes. Despite Covid-19, the company was able to deliver the cargo...Read more
Jumbo uses augmented reality to pinpoint shim points on deck
Jumbo has completed the first of 2 contracts supporting Subsea 7 projects for Total in Angola. For the first time, the company has used augmented reality to determine the shim points on deck. Using Microsoft’s...Read more
Hareket awarded heavy-lift contract for Duqm refinery
PRESS RELEASE – Hareket has been selected as the heavy-lift contractor for the offsite and utility packages for the Duqm Refineries in Oman. The contract was awarded by a joint venture of Petrofac and Samsung. Read more
Pacific Drilling latest rig operator to file for Chapter 11 bankruptcy
New York-listed Pacific Drilling is the latest rig operator to file for a voluntary Chapter 11 bankruptcy in the US to get out of a major debt. Several other rig operators have made a similar move...Read more
Sleipnir installs one of world’s smallest platforms
PRESS RELEASE – Heerema’s Sleipnir has safely installed Dana Petroleum’s new P11-Unity platform, which at 395 metric tons is one of the world’s smallest platforms. The Dutch heavy-lift company was contracted by HSM Offshore, who...Read more
Aker Solutions awarded Breidablikk contract by Equinor
PRESS RELEASE – Aker Solutions has been awarded a contract from Equinor for the delivery of a subsea production system for the Breidablikk development in the North Sea. The contract value is estimated at about...Read more
Allseas removes 27,000 tonnes of topsides and jackets from North Sea
PRESS RELEASE – Allseas’ heavy lift vessel Pioneering Spirit has completed a processing and accommodation topsides and flare jackets removal campaign as part of the Tyra Redevelopment Project for Total E&P Denmark.Read more
Patrick Schorn to become new CEO at Borr Drilling
PRESS RELEASE – Borr Drilling has appointed Patrick Schorn as its new Chief Executive Officer with effect from 8 September 2020. He will succeed Svend Anton Maier who will remain with the company as a...Read more
Video: Load-out and commissioning of IHC pipelay system
Royal IHC has delivered a J-Lay system following one of the most complex mobilisation operations ever seen in the North East of England, according to the company. The system will be installed onto ZPMC’s multi-purpose...Read more
Aker Solutions posts better than expected results
Aker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake than anticipated following the outbreak of Covid-19. Read more
PD Ports awarded major pipeline contract by Saipem
PRESS RELEASE – PD Ports has won a major pipeline contract with global oilfield services company Saipem to service the Tolmount gas field, one of the largest undeveloped gas discoveries in the Southern North Sea.Read more
Mammoet completes large 2-year construction project in Nigeria
With the installation of a 1,240-tonne propylene bullet, Mammoet has completed a large-scale construction project at the Dangote Refinery and Petrochemical complex in Nigeria. For two years, over 100 Mammoet engineers were on-site to transport...Read more