Offshore Activity - page 5

 

Norway: Lime Buys Into Repsol's Yme Offshore Oil Field

Aug 11, 2022

Lime Petroleum, a subsidiary of Rex International Holding, has agreed to buy a 10 percent stake in the Yme oil field in the North Sea, offshore Norway, from Kuwait’s KUFPEC. Rex said Lime would pay post-tax fee $68.053 million (about NOK 633 million)…

Big Oil Set to Cash in On Trillion-dollar Offshore Wind Prize

Aug 11, 2022

By Akif Chaudhry, Principal Analyst, Corporate Research, Wood MackenzieNo longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment…

Johan Castberg FPSO Suffered Minor Damage in Fire, Equinor Says

Aug 11, 2022

Equinor's Johan Castberg floating production, storage, and offloading (FPSO) vessel suffered only minor damage during a fire on Wednesday, and the project's timeline will not be affected, a company spokesperson said on Thursday.The vessel is under construction at a shipyard in western Norway…

Eidesvik Offshore to Manage DEME's Viking Neptun Construction Vessel

Aug 11, 2022

Norwegian offshore vessel owner Eidesvik Offshore will manage the construction support vessel Viking Neptun it recently agreed to sell to DEME.The company has now signed a two-year ship management agreement with DEME under which Eidesvik will provide full technical management…

Seaway 7 Orders JDR Cables for German Offshore Wind Farm

Aug 11, 2022

Seaway 7, a renewables subsidiary of Subsea 7, has ordered 66kV subsea array cables for the EnBW He Dreiht offshore wind farm in Germany from the subsea cable maker JDR.JDR will supply 100km of 66kV array cable that will connect the 64 wind turbines at the 900MW offshore wind farm…

Shell Hires Maersk Supply Service to Fix FPSO Mooring Lines in Brazil

Aug 11, 2022

Danish offshore vessel owner, Maersk Supply Service has won a contract with Shell in Brazil for the mooring line remediation of the FPSO Fluminense, located off the coast of Rio de Janeiro.The scope of the project includes remediation work on two of the Fluminense FPSO's mooring lines…

Saipem Nets $900M Deal to Deliver Angola's First Non-associated Gas Project

Aug 11, 2022

Italian oilfield services firm Saipem said Thursday it had secured three new engineering and construction contracts - one onshore and two offshore - in Angola. The total value is around $900 million.The contracts are with the New Gas Consortium…

Report: Shell Launches Sale of North Sea Cambo Oil Project

Aug 11, 2022

Shell has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the field's controversial development, industry sources said on Thursday.The London-based company hired investment…

TotalEnergies, Corio Tap ODE as Owner’s Engineer for 1.5GW North Sea Wind Farm

Aug 11, 2022

Offshore Design Engineering Ltd (ODE) has won a contract to deliver Owner’s Engineer support to the pre-FEED stage of the 1.5GW Outer Dowsing offshore wind farm in the Southern North Sea. The Owner’s Engineer contract was awarded to ODE by Outer Dowsing Offshore Wind (ODOW)…

Ørsted Raises 2022 Outlook Despite Disappointing Offshore Wind Business Performance

Aug 11, 2022

Renewables firm Ørsted raised its full-year outlook on Thursday thanks to high power prices, after a disappointing showing in its offshore wind business led to weaker-than-expected second-quarter core earnings, which knocked its shares.Europe's power crunch…

California Sets Big Offshore Wind Targets

Aug 11, 2022

California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050.In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3…

Trell & Trine Project: Aker BP Awards 'Sizeable' Contracts to Aker Solutions, Subsea 7

Aug 11, 2022

Norwegian offshore engineering and construction company Aker Solutions, and offshore installation firm Subsea 7, have won 'sizeable' contracts from Aker BP to assist with the development of Trell & Trine offshore discoveries, located in the Alvheim area of the North Sea…

Fire Breaks Out Aboard Equinor's Castberg FPSO at Norway Yard

Aug 10, 2022

A fire broke out on Wednesday aboard oil major Equinor's Johan Castberg floating production, storage and offloading (FPSO) vessel, which is under construction at a shipyard in Norway, public broadcaster NRK reported.Workers were evacuated and there were no reports of injuries…

Crown Estate Scotland Opens Process to Cut UK North Sea Oil and Gas Emissions

Aug 10, 2022

Crown Estate Scotland opened on Wednesday the registration window for an offshore wind leasing process that aims to lower emissions from Britain's North Sea oil and gas production.The public corporation's Innovation and Targeted Oil and Gas…

INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work

Aug 10, 2022

Japanese oil and gas company INPEX has filed a $970 million claim against South Korean shipbuilder Daewoo Shipbuilding Marine & Engineering, seeking compensation for alleged delays and construction issues related to a 2012 FPSO order.DSME said…

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