Offshore Activity - page 6

UTEC Deploys iXblue's Subsea Positioning Technology on Ultra-deep Water Project

Oct 07, 2021

Offshore survey services company UTEC, an Acteon subsidiary, has deployed iXblue new subsea positioning technology on 'a world-class' ultra-deepwater field development project in Africa, with depths below 2,000 meters.According to iXblue, its sparse LBL solution…

Watch Out Offshore Drillers! Oil at $80 Feels a Lot Different This Time Around

Oct 07, 2021

Soaring oil prices could signal the start of an amplified offshore rig market upcycle and this time it might stick around for a while, Esgian's Teresa Wilkie writes.Last week Brent crude touched $80 per barrel for the first time in three years…

Shell Warns of $400M Hurricane Hit, But Sees Boost from Soaring Prices

Oct 07, 2021

Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August's Hurricane Ida.However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices…

VIDEO: Damen's 'Ground-breaking' Fast Crew Supplier Completes Sea Trials

Oct 07, 2021

Dutch shipbuilder Damen said Thursday that the first of Damen's ground-breaking Fast Crew Supplier (FCS) 7011 class has completed its sea trials coast of Turkey and is now set to move to the Netherlands.'The offshore energy market and prospective…

Equinor Hires COSL Offshore Drilling Rig for Statfjord Øst Wells

Oct 07, 2021

Offshore drilling firm COSL has won a four-well contract with Equinor in Norway to drill wells on Statfjord Øst field using the COSLPromoter drilling rig.The drilling will take place from the spring of 2023, and Equinor will have options to…

Seadrill Seeks to Keep Bankruptcy Control As it Aims for Ch. 11 Exit

Oct 07, 2021

Update: This article, originally published by Reuters, has been updated to include a statement by Seadrill addressing a reported inaccuracy in its lede.Offshore driller Seadrill Ltd has requested an additional four months to retain control of its bankruptcy proceeding…

Aker Offshore Wind Plans to Deploy Scotland’s First Offshore Wind Underwater Substation

Oct 07, 2021

Norway-based firm Aker Offshore Wind plans to utilize Scotland’s first offshore wind underwater substation as part of its bids for major offshore wind farms.'The multi-million subsea innovation would be developed, manufactured, and supplied…

UK Regulator Rejects Shell's Plans to Develop Jackdaw Gasfield

Oct 06, 2021

A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.'We’re disappointed by the decision and are considering the implications…

OGUK: Fresh North Sea Gas Field Investments Essential to Avoid Further Shortages, Price Shocks

Oct 06, 2021

Investing in new North Sea gas resources is essential for the UK to avoid shortages, price shocks, and rising import costs, industry body OGUK has warned, adding that, without fresh investment, North Sea gas production will plummet by 75% by 2030…

SSE, Partners Call Public to Sign Their Name on World's Largest Offshore Wind Farm

Oct 06, 2021

UK-based renewables giant SSE, a Principal Partner of the United Nations Climate Change Conference COP26, has invited those who want to see an ambitious climate action agreed at COP26 to show their support by putting their name on the world’s…

Asia LNG Price Jumps by 40% to Record High

Oct 06, 2021

Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…

NOV-BLM to Deliver Jacking System for Van Oord's Mega Jack-up Vessel

Oct 06, 2021

NOV-BLM has won a contract to deliver the jacking system for the new offshore wind installation vessel ordered by Van Oord.Van Oord, the Dutch marine and offshore services company, last week placed an order for a jack-up vessel that will be…

Gazprom's Nord Stream 2 Can Challenge EU Rules, Court Adviser Says

Oct 06, 2021

Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…

Petrobras Restarts Production from Manati Offshore Field after Leak

Oct 06, 2021

Brazilian oil company Petrobras has restarted production from the Manati offshore gas field in Brazil, after closure in September due to a leak in the onshore part of the export pipeline.Production from the field located in the Camamu Basin…

Wood to Support Horisont Energi's Barents Blue Project

Oct 06, 2021

Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…

Current News

Esgian: Seadrill’s Fleet Value Plunges

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Germany's Nord Stream 2 Gatekeeper: The Long Road Until Gas Flows

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