Energy News


KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Aug 14, 2020

Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…

Erdogan: Turkey will Retaliate to Any Attack on Seismic Vessel in Mediterranean

Aug 14, 2020

President Tayyip Erdogan warned Greece on Friday that Turkey will retaliate against any attack on its survey vessel Oruc Reis in the eastern Mediterranean in an escalating row between the NATO allies over gas and oil exploration in the region…

Norway's Yme Field Start-up Could Face More Delays

Aug 14, 2020

Production start-up from Repsol-operated Yme oil field in the North Sea offshore Norway might be delayed further, Repsol's Polish partner Lotos said.First, Repsol had in February said that the start of production would be delayed until the second…

Malaysia's KNM to Deliver Equipment for SBM Offshore FPSO

Aug 14, 2020

Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations.Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million…

Rosneft Returns to 2Q Profit. Oil output Drops 13%

Aug 14, 2020

Russia's largest oil producer Rosneft made a second-quarter profit of 43 billion roubles after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday.Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin…

'Strong Interest' in Aker Solutions' Offshore Wind, Carbon Capture Spin-offs' Private Placements

Aug 14, 2020

Norwegian offshore engineering and construction firm Aker Solutions said Friday its offshore wind and carbon capture subsidiaries had raised NOK 500 million each in private placements.Aker Solutions in July said it would spin off its wind development…

TGS Disappointed by PGS' Rejection

Aug 14, 2020

Norwegian oil and gas seismic data supplier TGS is disappointed with the decision by rival company PGS to reject its $600 million offer for its multi-client library.TGS had earlier this month offered to acquire PGS' multi-client data for $600 million…

Norway's Offshore Safety Regulator Targeted by Phishing Attack

Aug 13, 2020

The Norwegian offshore oil and gas safety watchdog Petroleum Safety Authority Norway has been a target of a phishing attack.Per Phishing.org, phishing is a cybercrime in which a target or targets are contacted by email, telephone or text message…

DOF Subsea Scores Multiple Vessel Charters in Atlantic Region

Aug 13, 2020

Norwegian offshore support vessel owner DOF Subsea has said it has won several new contracts for survey, inspection, maintenance & repair, and decommissioning. 'A selection of the vessels in the DOF Subsea fleet shall be deployed to undertake the work…

RWE Wants CfDs for German Offshore Wind

Aug 13, 2020

German utility RWE supports the introduction of contracts for difference (CfDs) to spur growth in the country's offshore wind sector, chief finance office Markus Krebber said during a call with reporters on Thursday.Germany's upper house of parliament backs such an internationally proven mechanism…

Turkey's Erdogan Calls for Dialogue on Mediterranean Exploration Dispute

Aug 13, 2020

President Tayyip Erdogan said on Thursday that the only solution to Turkey's dispute with Greece over energy exploration in the eastern Mediterranean was through dialogue and negotiation, and Ankara was not seeking any 'adventures' in the region…

Jack-Up Rig Market Short to Medium Outlook Bleak, Shelf Drilling CEO Says

Aug 13, 2020

Jack-up drilling rig contractor Shelf Drilling has reported a sequential drop in quarterly revenue, citing rig utilization levels fall, and decreased day rates due to the COVID-19 pandemic.Revenue was $155.0 million in Q2 2020 compared to $181…

BP: No Plans to Sell Azeri Offshore Fields Despite Renewables Push

Aug 13, 2020

British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables, Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia, and Turkey, said.Sources…

Xodus Launches Study to Boost Bankability of Floating Offshore Wind

Aug 13, 2020

UK-based energy consultancy Xodus Group has launched a three-year study on the costs around floating offshore wind with the aim of helping developers make their projects attractive to investors.The collaborative research project, led by Xodus through the IDCORE program…

Current News

ARA Taps Coolbaugh as Ohmsett Facility Manager

Tullow Extends Maersk Drillship Term After Cancellation Notice

KrisEnergy Charters Jack-Up Rig for Apsara Drilling. Platform to Sail Away Soon

Erdogan: Turkey will Retaliate to Any Attack on Seismic Vessel in Mediterranean

Subscribe for OE Digital E‑News