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Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion-barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices. Short term plans are in a state of flux and exploration strategy is being reset again.

Mammoet’s versatile and adaptable Hydro Deck allowed for efficiency during a marine transportation for Sembcorp Marine Integrated Yard Pte Ltd. Its task was to transport a 5,000t offshore substation topside and a 1,500t reaction compensation station topside from Batam, Indonesia to Singapore.

As the offshore wind market matures, project owners are faced with the reality that crew transfer vessel (CTV) operators are finding it increasingly challenging to match demand for vessel designs that perfectly meet the logistical challenges of each site.  That is, at least, according to Reygar Ltd., the leading provider of innovative remote monitoring and reporting platforms to the offshore wind industry.

BP International Limited (BP) and Worley have entered into two global framework agreements; one for conceptual engineering and the other for early engineering and front‐end engineering design (FEED) services. Both agreements are for a term of two years to provide services to BP’s global offshore developments.

Prysmian Group, a world leader in the energy and telecom cable systems industry, has finalized a contract for a project awarded by Vattenfall, a leading European energy company, to provide the submarine inter array cable systems for the Hollandse Kust Zuid III and IV offshore wind farm in The Netherlands, following Vattenfall’s successful bid for the permit to develop these non-subsidized wind farms.

To support a global oil industry heavily impacted by the drop in oil prices and the Covid-19 outbreak, Norwegian SurplusHub has decided to offer industry players the opportunity to market their surplus oil and gas equipment free-of-charge at its global online equipment portal.   

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