Offshore Activity - page 575


No Plan 'Right Now' to Permanently Ban New Oil and Gas Leases, U.S. Interior Secretary Says

Jun 24, 2021

U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency will soon release a report that will assess the future of the federal oil and gas leasing program…

Bursa Malaysia Wants Independent Review of Serba Dinamik's Deals after KPMG's Red Flags

Jun 24, 2021

Malaysian oil and gas service provider Serba Dinamik Holdings Bhd must appoint an independent reviewer to address issues raised by the company's external auditor, the national stock exchange said on Wednesday.In May, Serba said auditor KPMG…

UK's Wood Expects Margins to Improve. Reports Drop in Half-year Revenue

Jun 24, 2021

Engineering and consultancy company Wood Plc said on Thursday its first-half revenue fell 21% as its clients in the energy industry cut back on spending but predicted an improvement in margins compared with crisis-hit 2020.The UK-listed firm…

Keppel, Sembcorp Marine in Talks to Merge Offshore and Marine Units

Jun 24, 2021

Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn…

Miko Marine Delivers Magnetic Blanking Set for Bacalhau FPSO

Jun 24, 2021

Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian…

V&SH Offshore Solutions Becomes Part of WTS Energy

Jun 23, 2021

V&SH Offshore Solutions, an offshore contractor specialized in testing and terminations, cable repairs, and outfitting of offshore high voltage assets has become a part of  WTS Energy, an energy services firm providing engineering support and manpower supply…

Solstad Offshore Bags UK North Sea PSV Charter

Jun 23, 2021

Norway-based Solstad Offshore has secured an 18-month charter for its platform supply vessel Sea Falcon.The offshore vessel owner said the contract, with an unnamed client, included a one-year extension option.Solstad did say that the client…

U.S. Gulf of Mexico: LLOG Brings Online Praline Field

Jun 23, 2021

Oil and gas firm LLOG on Wednesday announced the first production from its Praline offshore field, located in Mississippi Canyon Block 74 in the U.S. Gulf of Mexico.The Praline well was drilled in 2,600 feet of water to a total depth of 13,400 feet and discovered over 125 feet of net hydrocarbons…

RWE CEO: Gov'ts, Energy Firms Must Cooperate on Green Targets

Jun 23, 2021

Governments and private sector energy companies must work together to drive acceptance of energy transition targets, the chief executive of German utility RWE said on Tuesday, warning that behavior changes will be a hard sell.In a panel discussion…

Jan De Nul Installs Final Turbine at TPC's 109.2 MW Wind Farm Off Taiwan

Jun 23, 2021

Jan De Nul Group said Wednesday it had completed the installation of all 21 offshore wind turbines for the 109.2 MW Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration, including the installation of all subsea cables.The TPC Offshore Wind Farm near Fangyuan…

BP Starts Production from Manuel Deepwater Project in U.S. Gulf of Mexico

Jun 23, 2021

Oil major BP said Wednesday it had started up production from the Manuel project in the US Gulf of Mexico, 'the fourth of five major projects expected to be delivered globally in 2021.'The Manuel development is located on Mississippi Canyon block 520…

Seven Oil Firms Offered Offshore Acreage in Norway's 25th Licensing Round

Jun 23, 2021

Norway has awarded four exploration licenses to seven oil companies that include three for the Barents Sea in the Arctic in a sign that the country aims to continue to pump hydrocarbons for decades to come.The awards were part of Norway's so…

Greener Oil or Green Industry? Gridlock Puts Norway in a Bind

Jun 23, 2021

Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…

Taiwan: Refiner CPC Cleaning Up Offshore Oil Spill

Jun 23, 2021

Taiwan's state-owned refiner CPC Corp has started cleaning up an offshore oil spill caused by a pipeline that cracked during the discharging of oil from a vessel at its Talin refinery, the company's spokesman said on Wednesday.The oil leak occurred on Tuesday at 2:18 a…

Baker Hughes CEO Calls for Regulatory Incentives on Emissions

Jun 23, 2021

U.S. energy services firm Baker Hughes Co on Tuesday said regulatory frameworks are needed to help spur the growth of energy transition technologies, such as hydrogen, as its top executive called on regulators to create incentives to reduce emissions…

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