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U.S. weekly rig count climbs

The rigs are on the rise. Baker Hughes reported an increase in U.S. weekly rig count on Friday, both offshore and onshore. Canadian numbers are up as well. Worth noting, the numbers are down when compared to the same period last year. BHI Rig Coun...

18/07/2016 Read

Oil & Gas UK ‘disappointed’ by North Sea union’s support for strike action

Following an overwhelming support for strike action by Wood Group’s offshore workers on Wednesday, Oil & Gas UK has said it was ‘extremely disappointed’.  A ballot of Wood Group employees working acro...

15/07/2016 Read

FORESEA project set up for offshore renewables tech testing

A new EUR 11 million project, funded by the Interreg NWE (North-West Europe) program, part of the ERDF (European Regional Development Fund), has brought together Europe’s ocean energy test facilities to support demonstration of o...

15/07/2016 Read

Fred. Olsen narrows loss. Sees no improvement in Norwegian floater market

Fred. Olsen Energy, a Norwegian offshore driller, has warned that the depressing conditions in the Norwegian floater market are expected to spill over into 2017 as well. According to the company’s second quarter presentation, where it report...

15/07/2016 Read

Alphaliner: Panama Canal reclaims USEC container volume lead

The Panama Canal this month regained the majority share in terms of overall container transport capacity on all-water routes between the Far East and the US East Coast, according to Alphaliner. Following the completion of the&n...

14/07/2016 Read

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