Energy News

Reach Subsea Adds to Its ROV Backlog

Aug 05, 2020

Reach Subsea, Oslo-listed subsea services provider for the offshore energy sector, has added to its contract backlog.The company had in its 1Q 2020 report said that it had secured 750 project days (representing 1,250 ROV days) for the remainder of 2020…

Scientists Investigating Effects of North Sea Platforms on Marine Life

Aug 05, 2020

Scientists in the UK are studying how rigs, pipelines, and other infrastructure such as offshore wind installations, affect marine life in the North Sea. The findings might be used in the decision-making process related to offshore facilities decommissioning…

Remazel Engineering Wins Jotun FPSO Gig

Aug 05, 2020

Italian engineering firm Remazel Engineering has won a contract with Bluewater for work on the Jotun FPSO upgrade.The Jotun FPSO which has been producing oil from the Jotun field in Norway's part of the North Sea since 1999, was recently moved by ashore for upgrades…

Spirit Energy's North Sea Wildcat Comes Up Dry

Aug 05, 2020

Offshore oil and gas company Spirit Energy has drilled a dry well in the North Sea offshore Norway.The Norwegian Petroleum Directorate said Wednesday that Spirit Energy Norway, as the operator of production license 780, was in the process of…

Trump Signs Law to Fund Public Land Maintenance with Offshore Oil and Gas Royalties

Aug 05, 2020

U.S. President Donald Trump on Tuesday signed into law a rare bipartisan bill that will use royalties from offshore oil and gas drilling operations to fund long-overdue maintenance of public lands, national parks, and Native American schools…

Total Extends Charters for Havila PSV Duo

Aug 05, 2020

Norwegian offshore vessel owner Havila Shipping has secured contract extensions for two of its platform supply vessels.Havila said that Total DK, a Danish subsidiary of the French oil major Total, had extended the contracts for the Havila Fanø and HavilaHerøy vessels…

Mexico's Proven Oil Reserves Rise to More than 8 bln Barrels

Aug 05, 2020

Mexico's oil regulator said on Tuesday the country's total proven oil reserves as of Jan. 1 stood at 8.062 billion barrels of oil equivalent (boe), up 2.1% from a year earlier.Oil reserves as of the beginning of 2019 totaled 7.897 billion boe…

TGS Resumes Seismic Survey Offshore Argentina

Aug 05, 2020

Norwegian seismic data provider TGS on Friday announced a return to Argentina to complete the previously announced 17,800 square kilometer Malvinas 3D Multi-Client survey. The acquisition is set to restart in Q4 2020 on what TGS said was a 'highly- funded survey…

Germany Gov't to Fund Offshore Wind-to-Green Hydrogen Project

Aug 04, 2020

The German Federal Ministry of Economic Affairs and Energy has sent a funding confirmation to partners working on the WESTKÜSTE 100 green hydrogen project.The WESTKÜSTE 100 project, which will produce green hydrogen via electricity generated by offshore wind turbines…

OOS Tiradentes Flotel Back to Work for Petrobras

Aug 04, 2020

CIMC Raffles-managed offshore accommodation rig OOS Tiradentes will soon resume work for Petrobras in Brazil, after a hiatus due to COVID-19 pandemic.CIMC Raffles asset operation management center which manages the semi-sub accommodation rig…

Neptune Energy Halts Drilling Op in Norway After COVID-19 Cases on Seadrill Rig

Aug 04, 2020

Oil and gas company Neptune Energy has stopped a drilling operation in the Norwegian Sea after COVID-19 cases identified aboard the offshore drilling rig West Phoenix.The Seadrill West Phonix semi-submersible drilling rig is currently on assignment for Neptune in the Norwegian Sea…

NEO Energy Taps FWM for Southern North Sea Well Management

Aug 04, 2020

NEO Energy, a North Sea-focused oil and gas company has hired Fraser Well Management (FWM) to operate the Victoria well, a shut-in gas condensate well located off the Lincolnshire coast in the southern North Sea.FWM, the well engineering and project management specialist…

BP Cuts Dividend for the First Time Since Deepwater Horizon Disaster

Aug 04, 2020

BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company…

Shell's Crux Gas Field Development Proposal Accepted

Aug 04, 2020

Australian offshore oil and gas safety regulator NOPSEMA has accepted Shell's offshore project proposal for the development of the Crux gas field in the Browse Basin, off the north coast of Western Australia.Consisting of a normally unmanned platform and five production wells…

Pharos Energy Secures Two-Year License Extension at TGT Field

Aug 04, 2020

Pharos Energy, and oil and gas company formerly known as Soco International, has been granted a two-year license extension for the TGT offshore field license in Vietnam.The company said Tuesday the license had been formally granted to the Joint…

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