Energy News

Petrobras Eyes Sale of Albacora Offshore Fields

Sep 25, 2020

Brazilian national oil company Petrobras has launched a teaser for the potential sale of its interests in Albacora and Albacora Leste deepwater offshore blocks in Brazil.Petrobras is selling a 100% operated working interest in the Albacora offshore…

OHT set for Merkur Market Debut

Sep 25, 2020

Shares of Offshore Heavy Transport, a maritime heavy lift and transportation company with growing involvement in the offshore wind space, will start trading at Norway's Merkur Market on Monday, September 28.The shares have been approved for…

Denmark Launches Tender for Its Largest Offshore Wind Farm

Sep 25, 2020

Denmark on Friday launched the tendering process for what will be its largest offshore wind farm - Thor.Thor will have a capacity of 800-1000 MW when it is fully installed and connected to the grid, which is expected to happen by 2027, at the latest…

Greece Extends Deadline for Offshore Gas Storage Bids

Sep 25, 2020

Greece has pushed back a deadline for the submission of non-binding bids for a contract to run an underground gas storage facility in the northern Aegean Sea.Privatization agency HRADF, which manages the concession, said on Friday it had extended the deadline for initial bids to Oct…

India's ONGC Awards 10-Year Charter for Armada Sterling FPSO

Sep 25, 2020

Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC.Bumi Armada said Friday that under the contract Armada Sterling…

Norway: 'High Interest in Offshore Exploration Blocks'

Sep 25, 2020

The Norwegian authorities have received applications from 33 oil companies for the offshore acreage to be awarded in the licensing round Awards in Predefined Areas (APA) 2020.Norwegian Minister of Petroleum and Energy, Tina Bru: 'In a challenging year for the petroleum industry…

OKEA Buys Into Calypso Prospect Near Draugen Field

Sep 25, 2020

Norwegian oil company OKEA will acquire an interest from Neptune Energy in an offshore block in Norway containing the Calypso prospect, with a potential of up to 37 million barrels of oil.OKEA will take a 30% working interest in the production license PL938…

Petrobras Awards Long Term Charters for POSH Flotel Duo

Sep 25, 2020

Brazilian oil firm Petrobras has awarded Singapore's POSH two long term charters for the semi-submersible accommodation vessels POSH Arcadia and POSH Xanadu.The offshore accommodation rigs will be used for maintenance and accommodation support…

Aker Solutions to Electrify Edvard Grieg Platform

Sep 24, 2020

Lundin Energy, a Swedish oil and gas company with operations in Norway, has hired the Norwegian engineering and construction giant Aker Solutions to help it electrify its Edvard Grieg offshore oil platform in the North Sea.Under the contract…

World to Go Past Warming Limit Without Massive Investments

Sep 24, 2020

The world must combine COVID-19 recovery packages with massive investments in renewable energy and low-carbon infrastructure or it will fail to meet a global warming limit target, a report by leading energy consultancy Wood Mackenzie said on Wednesday…

The Philippines: Shell Looking to Sell Malampaya Stake

Sep 24, 2020

Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit said on Thursday.'As part of an ongoing portfolio rationalization…

Dolphin Drilling Adds Ex-Nordea Director as New Board Member

Sep 24, 2020

Offshore drilling company Dolphin Drilling has appointed Ronny Bjørnådal (48) as a Non-Executive Director of its Board of Directors.Bjørnådal was previously Managing Director and Head of Global Maritime Loans in Nordea, the largest financial institution in the Nordics…

India's ONGC Douses Fire on Offshore Gas-fed Plant

Sep 24, 2020

A fire at an Oil and Natural Gas Corp (ONGC) plant caused by a pipeline rupture has cut gas supplies to customers including power and fertiliser companies, said a person familiar with the matter at gas marketing firm GAIL (India) Ltd.The fire…

VIDEO: Barcode Tags Could Cut Subsea Pipeline Inspection Costs

Sep 24, 2020

A pipeline inspection solution combining subsea drones and the use of visual markers - barcodes - on the pipelines themselves could drive down the costs of subsea pipeline inspections.The solutions is being developed by tubular solutions firm Vallourec…

Aker BP Extends Charter for Eidesvik's LNG-Powered Platform Supplier

Sep 24, 2020

Norwegian oil and gas company Aker BP has extended the charter with Eidesvik Offshore's LNG-powered platform supply vessel Viking Lady.The extension for the 92,2-meter ship built in 2009, will take effect upon the expiration of the current four-month contract that started earlier this month…

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