offshore

Neptune must pay Energean a break-up fee of $5 million for cancelling what was to be a $250 million deal.

The testing, inspection, and certification company is reporting a 900% rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic.

The race is on to fill NWS gas export plant.

New LNG capacity in 2019 kept pace with higher trading volumes and supply/demand growth. Key questions and barriers still remain for the future of the LNG industry in 2020.

Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.

FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.

The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.

The natural gas pipeline is co-financed by the EU, with work beginning immediately.

The proposed Russian LNG project would sell LNG to Asia by 2025. It is the latest in a handful of LNG projects slated for Russia.

Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise.