Energy News

CNOOC Brings Online South China Sea Oil Project

Sep 21, 2020

Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project.Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea. The…

Germany's Eastern States Back Nord Stream 2 Pipeline Completion

Sep 21, 2020

The premiers of Germany's eastern states have passed a resolution in support of the Nord Stream 2 pipeline from Russia to Germany, daily Bild reported on Friday.The pipeline has been questioned by the German government following the poisoning of Kremlin critic Alexei Navalny…

Shearwater in Large Towed Streamer 3D Survey Off Suriname

Sep 21, 2020

Norwegian marine seismic services company Shearwater GeoServices said Monday it had been awarded a contract by Malaysia's Petronas for work offshore Suriname.The award is for a large towed streamer 3D seismic survey over Petronas' Block 52, offshore Suriname…

BP Terminates, Wintershall Hires Odfjell's Deepsea Aberdeen Rig

Sep 21, 2020

Oil major BP has terminated the contract for Odfjell Drilling's Deepsea Aberdeen semi-submersible drilling rig that was due to end in April 2022, the drilling contractor said Monday. Under the contract terms, BP will pay Odfjell Drilling an…

Around 11000 Workers to Leave Petrobras by 2021-end

Sep 18, 2020

Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday.That number…

Offshore Wind Turbines: Size Really Matters, Rystad Says

Sep 18, 2020

With the offshore wind industry growing, even during the global pandemic, offshore wind turbines are expected to grow in size and capacity, too, and Rystad Energy believes bigger is better.As previously reported, Siemens Gamesa in May announced…

Charter Party Ends Four Years Early for Solstad Offshore Vessel

Sep 18, 2020

Italian oilfield services company Saipem has terminated the charter party for Solstad Offshore's Normand Maximus offshore construction vessel four years early.Norwegian offshore vessel owner Solstad said Friday that Normand Maximus Operations Ltd…

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Sep 18, 2020

Malaysia's state energy firm Petronas on Thursday paid over $700 million in sales tax to the energy-rich state of Sarawak, in a settlement that could open the way to more such payments to state governments.The payment comes just two weeks after…

Inpex, Chevron Cutting Jobs in Australia

Sep 18, 2020

Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest…

Maersk Drilling Targets 50% Emissions Cut in Drilling Ops

Sep 18, 2020

Danish offshore drilling company Maersk Drilling has set a target to cut the intensity of CO2 emissions from its drilling operations by 50% by 2030. Jørn Madsen, CEO of the company which leased drilling rigs to oil companies said:'Climate change…

Final Moray East Wind Farm Jackets Loaded in Dubai. Third Substation Installed

Sep 18, 2020

The final batch of jackets that will support offshore wind turbines at the 950 MW Moray East offshore wind farm in the UK was loaded this week at a fabrication yard in Dubai ahead of the sailaway.The news was shared Thursday afternoon (CET) by DEME Offshore…

Liebherr Crane for DolWin Epsilon Substation

Sep 17, 2020

Crane manufacturer Liebherr will deliver a cylinder-luffing crane, type RL 2600-35 Lit, for offshore wind farm substation DolWin Epsilon.The crane, to be installed aboard the TenneT-owned offshore platform, will be used for supply and maintenance tasks on the German North Sea…

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

Sep 17, 2020

Norwegian offshore and shipping firm GC Rieber Shipping has secured a two-year contract extension for the icebreaker Polar Pevek with Exxon Neftegas at the Russian Far East.The vessel is operating off Sakhalin Island, in far-east Russia. It…

OPEC+ to Meet Amid Oil Price Decline

Sep 17, 2020

OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.The key OPEC+ panel will…

Wintershall Dea to Keep Mobile Working Model Even When Pandemic is Over

Sep 17, 2020

German oil and gas company Wintershall DEA said Thursday it would establish mobile and flexible working as a standard practice even after the pandemic.'We aim to achieve a mix, a hybrid working model, for when the pandemic is over. We call it Flex Forward at Wintershall Dea…

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