Offshore Activity


Fugro's Augmented Reality Camera to Assist with Sepetiba FPSO Mooring

Jan 21, 2022

Danish offshore vessel operator Maersk Supply Service has awarded Dutch geodata specialist Fugro a subsea survey and positioning contract to support the installation of an anchoring system for the Sepetiba FPSO in Petrobras deepwater Mero 2 project…

Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

Jan 21, 2022

Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…

Seadrill New Finance Emerges from Chapter 11. To be Renamed Paratus Energy Services

Jan 21, 2022

Offshore drilling firm Seadrill Limited's unit Seadrill New Finance (the Issuer) has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization.The Plan was confirmed…

"Triple deficit": Morgan Stanley Expects $100 a Barrel in 2H 2022

Jan 21, 2022

Morgan Stanley expects Brent crude oil prices to advance to $100 a barrel in the second half of this year, with the market heading for a simultaneous 'triple deficit' of inventories, spare capacity, and investment.'The key oil products markets (gasoline…

Guyana, Suriname, Brazil Energy Alliance Talks Postponed as Bolsonaro's Mother Dies

Jan 21, 2022

Brazilian President Jair Bolsonaro cut short his first official visit to neighboring Guyana on Friday after his mother died, meaning talks on a planned South American energy alliance would be postponed.Bolsonaro said his mother Olinda Bonturi…

Australia: Santos Bullish on Prices after Reaping Record Revenue

Jan 21, 2022

Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…

Suriname Will Give Brazil's Petrobras Priority in Oil Exploration - Bolsonaro

Jan 21, 2022

Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…

Magseis Fairfield Wins North Sea, Gulf of Mexico OBN Gigs

Jan 21, 2022

Norwegian ocean bottom node seismic survey specialist Magseis Fairfield on Friday said it had secured work in the North Sea and in the U.S. Gulf of Mexico.The company had in December said that it had secured the award of a 4D Ocean Bottom Node (OBN) survey in the U…

Japanese Firms Team Up to Reduce Cost of Floating Offshore Wind

Jan 21, 2022

Japanese companies JERA, MODEC, Toyo Construction, and Furukawa Electric have received a notice of acceptance of their joint grant application, under the Green Innovation Fund program of NEDO, to conduct a project to develop cost-reducing technology…

In Ukraine Crisis, Germany Faces Tough Decisions Over Nord Stream 2 Pipeline

Jan 21, 2022

Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…

Ørsted, S. Korean Utilities Sign Deals for 1.6 GW Incheon Offshore Wind Project

Jan 21, 2022

Danish offshore wind giant Ørsted has signed memoranda of understanding with Korean state-owned utilities Korea Southern Power (KOSPO) and Korea Midland Power (KOMIPO) for the development of the 1.6 GW Incheon offshore wind project.The MoU signing…

Oil Majors TotalEnergies and Chevron Exit Myanmar Citing Worsening Humanitarian Situation

Jan 21, 2022

Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the worsening humanitarian situation following last year's coup.Shell, in its first public acknowledgment of the move…

Shell, UK Regulators Renew Talks on Jackdaw Offshore Field Development

Jan 21, 2022

Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company and industry sources said.In recent weeks, Secretary of State at the Department of Business…

Woodside to Hike Capital Spending as Its Advances Oil & Gas Projects in Australia, Senegal

Jan 20, 2022

Woodside Petroleum expects to hike its capital spending by about a third to $4 billion in 2022, as it advances oil and gas growth projects in Western Australia and Senegal as well as steps up efforts to start producing hydrogen.After booking record quarterly sales revenue on soaring LNG prices…

Current News

Royal Dutch No More: Shell Officially Changes Name

Danish Wind Turbine Maker Vestas Tops List of 100 Most Sustainable Companies

Fugro's Augmented Reality Camera to Assist with Sepetiba FPSO Mooring

Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

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