Offshore Energy News


Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

few minutes ago

Oil and gas company Spirit Energy's Norway has entered into five-year framework agreements with Subsea 7, TechnipFMC and DNV GL.'The agreements are a continuation of a new type of supplier collaboration that was started in 2015, and which has…

Schlumberger CEO: Stage is Set for Oil Demand Recovery

2 hours ago

Schlumberger on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world's top oilfield services provider's fourth-quarter results beat estimates, aided partly by growing drilling demand.Easing of COVID…

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

2 hours ago

Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline…

Subsea 7 Nets 'Substantial' Offshore Platform Order in Angola

4 hours ago

Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…

PetroRio Nears Full Takeover of Frade Offshore Field. Decom Costs Cut

4 hours ago

Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…

Dana Taps KenzFigee for Lifting Services on Two FPSOs

4 hours ago

Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…

Palfinger Cranes for Fécamp Offshore Wind Farm

5 hours ago

Crane provider Palfinger has won a deal to deliver cranes for the Fécamp offshore wind farm project in France. The 500 MW offshore wind farm named Fécamp, sanctioned by EDF Renewables, Enbridge, and wpd in June 2020, will feature 71 Siemens…

Four Firms Looking to Develop Green Hydrogen Hub in Hamburg

6 hours ago

Shell, Mitsubishi Heavy Industries (MHI), Vattenfall, and municipal company Wärme Hamburg are planning to jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity.  In addition…

Equinor Studying Drone Use in Offshore Oil and Gas Environment

7 hours ago

Norwegian drone company Nordic Unmanned has signed a contract with energy giant Equinor to conduct a study on how Remotely Piloted Aircraft Systems (RPAS) could be used in offshore airspace between installations and vessels, in search and rescue (SAR) operations…

German Regulator Awaits Details for Complaints Against Nord Stream 2 Pipeline

8 hours ago

Construction work on the Nord Stream 2 gas pipeline could be stopped for an indefinite period in German waters but opponents still need to give detailed reasons to justify the halt, Germany's federal maritime regulator BSH said on Thursday.Two…

Woodside Sees Global LNG Market Tightening

8 hours ago

Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…

Biden Administration Suspends Federal Oil and Gas Permitting

Jan 21, 2021

The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…

Nexans Charters Havila Phoenix Vessel

Jan 21, 2021

Norwegian offshore vessel operator Havila Shipping has won a charter deal with offshore cable provider Nexans for its Havila Phoenix subsea construction vessel.The contract with Nexans Norway is for a firm period of 90 days with optional periods of 90 days and is expected to start during April 2021…

Offshore Maintenance Backlogs: Breaking the Cycle

Jan 21, 2021

According to Rystad Energy, offshore maintenance budgets were slashed by at least 35% in 2020, thanks to severe spending cuts and Covid-19 restrictions. This could create conditions with a result of equipment failure, asset downtime, and critical health and safety issues…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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