Europe

Shell slashes 6,500 staff

July 30th, 20150 The protracted downturn in oil prices is seeing another energy major make swingeing cuts to its global workforce. Royal Dutch Shell’s latest quarterly results saw net...

Subsea 7 wins EPIC Egypt contract

July 30th, 20150 Oslo-listed Subsea 7 has been awarded an EPIC contract worth around $500m from BP and it’s partner DEA for work offshore Egypt. The contract includes engineering,...

Saipem to cut 8,800 jobs

July 29th, 20150 Italian oil and gas industry contractor Saipem plans to cut 8,800 workers by 2017; the decision part of a restructuring plan that follows more than €900m ($993m) in...

BP takes two LNG newbuilds

July 29th, 20150 A joint venture between Greece’s Chandris and a UK-based gas shipping subsidiary of Kawasaki Kisen Kaisha (K Line) has clinched charter contracts. K Line LNG...

Subsea 7 renews charters with DOF

July 29th, 20150 Oslo-listed offshore vessel owner DOF has announced that DOF Subsea has reached an agreement with Subsea 7 regarding charter renewals for three of its...

Financing fixed for Axis pair

July 28th, 20150 Oslo-listed Axis Offshore has agreed a term sheet for the financing of its two newbuildings under construction, Axis Nova and Axis Vega, by a senior secured loan...

I-Tech: The rise of antifouling products

July 28th, 20150 Gothenburg: Eight days ago the antifouling biocide Selektope, developed by Sweden’s I-Tech, was approved by the EU standing committee on biocidal products for EU-wide...

Reach Subsea grabs wind farm work

July 27th, 20150 Oslo: Reach Subsea has announced that it has won work from Germany’s Iberdrola Renovables Offshore for the removal of nine piles at the Wikinger Wind Farm. The firm...
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