Energy News


Hess Allocates 41% of Budget for Offshore Guyana Developments

3 hours ago

Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most important new oil and gas discoveries in the last decade.The company has been relying on its investment in offshore Guyana…

Acteon's MENCK to Provide Piling Hammers for Boskalis' Offshore Wind Assignment in Taiwan

6 hours ago

Acteon's pile-driving operating company, MENCK, has won a contract to support the Dutch offshore contractor Boskalis with the foundation piling activities on the Taiwanese Changfang and Xidao offshore wind farm (CFXD OWF) project. The project…

Subsea Battery Developer EC-OG Names Chairman to Help it Grow

7 hours ago

Aberdeen-based subsea battery developer EC-OG has appointed Bob MacDonald, a former Wood Group man - now Wood - as Chairman.MacDonald previously served as Chief Executive Officer of the Specialist Technology Solutions (STS) business for energy services specialist Wood…

New Age Can Apply for New Etinde License

8 hours ago

Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…

Nigeria Could Pass Long-delayed Oil Reform Bill in April or May

9 hours ago

Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.The measure, which is 20 years in the making, underpins everything…

Oceanteam Nets 6-month Subsea Cable Storage Extension

9 hours ago

Dutch offshore services and subsea cable storage provider company Oceanteam has said it has secured an extension for a storage contract of 100+ kilometers of subsea cable with one of Europe’s biggest cable manufacturers.Oceanteam did not say who the client was…

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

Jan 22, 2021

Oil and gas company Spirit Energy 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

Jan 22, 2021

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

Jan 22, 2021

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

Jan 22, 2021

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

Jan 22, 2021

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

Jan 22, 2021

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

Jan 22, 2021

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…

Output Shut at North Sea Platform Due to Covid Outbreak

Jan 22, 2021

A Covid 19 outbreak on Ithaca Energy's FPF-1 platform in the UK North Sea has forced the oil and gas company to shut down production. In total, four crew members from the offshore production platform have tested positive and have been sent ashore…

Current News

Hess Allocates 41% of Budget for Offshore Guyana Developments

ICCB Orders Landing Craft for Offshore Energy Projects

DEME Installs First Turbine at RWE's Triton Knoll Offshore Wind Farm

Acteon's MENCK to Provide Piling Hammers for Boskalis' Offshore Wind Assignment in Taiwan

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