Offshore Energy News - page 286


Managing Director of Neptune Energy Egypt Passes Away

Feb 17, 2022

Neptune Energy Egypt Managing Director Mohamed Mounes Shahat passed away Thursday, the oil and gas company has informed.'It is with profound shock and sadness that we announce the death of Engineer Mohamed Mounes Shahat, Managing Director of Neptune Energy…

Archer Knight to Support All Neptune Energy's Diving Ops on UKCS

Feb 17, 2022

Archer Knight has secured a diving technical authority contract award with oil and gas firm Neptune Energy. The three-year deal will see the company providing Neptune Energy with specialist support for all diving operations in the UK.Under the deal…

Aquadrill's Polaris Drillship Catches Fire in Sri Lanka

Feb 17, 2022

Aquadrill's Polaris drillship caught fire earlier this week at Hambantota Port in Sri Lanka. According to the port authorities, the incident happened Tuesday, and the fire was quickly extinguished.'The Hambantota International Port Emergency Response Unit (ERU) together with the port’s Quality…

Seabed Pump Replaced: Well at Enauta's Atlanta Field Back in Production

Feb 17, 2022

Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil.With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12…

MTL Launches App for FPSO Lightship Weight Management

Feb 17, 2022

Marine Technical Limits (MTL), a UK-based FPSO and marine integrity management and repair company, has launched its PYXIS Lightship technology that promises to help ship owners and FPSO / fixed asset operators better manage the lightship weight of their vessels…

PHOTO & VIDEO: Johan Castberg FPSO Sets Off for Norway

Feb 17, 2022

Singapore's Sembcorp Marine has delivered the Norwegian Barents Sea-bound Johan Castberg FPSO to Equinor. The FPSO has set off for Norway, loaded aboard Boskalis' Boka Vanguard semi-submersible heavy transportation vessel.Johan Castberg is Sembcorp Marine’s first EPC newbuild FPSO…

Interest in CCS Picking Up: Aker Carbon Capture, Northern Lights JV Partner Up

Feb 17, 2022

Aker Carbon Capture has signed a deal with Northern Lights JV to collaborate on the realization of Carbon Capture and Storage (CCS) projects in Norway and across Europe.'Together, the two companies represent a full value chain offering from carbon capture through transport and storage…

Repsol Beats Forecasts Thanks to High Oil and Gas Prices

Feb 17, 2022

High oil and gas prices helped Spain's Repsol REP.MC to post earnings above market expectations on Thursday, giving it more financial firepower to spend on low-carbon operations investors are increasingly demanding of energy companies.Benchmark…

Oil and Gas Firms in Norway Raise Investment Forecasts

Feb 17, 2022

Oil and gas firms in Norway have raised this year's investment forecasts as they seek to benefit from pandemic-era tax incentives intended to boost activity, a national statistics office (SSB) survey showed on Thursday.The biggest business sector in Norway now expects to invest 159…

Reach Subsea Nets 'Decent-sized' OBN Contract in Mediterranean Sea

Feb 17, 2022

Oslo-listed subsea services provider Reach Subsea has won a contract in the Mediterranean Sea for start-up early in Q2 2022, representing about 130 project days. The project, with an undisclosed client, involves the support of an Ocean Bottom…

Israel OKs Gas Flow to Egypt through Jordan

Feb 16, 2022

More Israeli natural gas will flow to Egypt via a new route through Jordan by the end of February, Israel's Energy Ministry said on Wednesday.The ministry said the new route was approved because of growing demand in Egypt, which produces its…

Report: Saipem to Rethink Green Push After Profit Warning

Feb 16, 2022

Italy's Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the energy contractor into issuing a profit warning, two sources close to the matter said on Wednesday.Saipem, a [company…

Guyana Pledges to Balance Oil Investment with Residents' Economic Welfare

Feb 16, 2022

Guyana's President Irfaan Ali on Tuesday defended his country's right to develop its oil industry for its residents while insisting local goods and services requirements are not meant to block foreign investments.A string of discoveries off…

Vår Energi Shares Drop after $7.9B Eni Spin-off

Feb 16, 2022

Shares of Vår Energi, the largest pure-play oil exploration and production (E&P) company to list globally in almost a decade, fell 4.9% as it made its Oslo stock market debut on Wednesday.A spin-off from Italy's Eni, Vår Energi declined to 26…

Oil Spills from Eni's Irish Sea Pipeline

Feb 16, 2022

Oil has spilled from an Eni-operated oil pipeline in the Irish Sea, the UK Energy & Climate Change Minister Greg Hands MP said on Twitter Tuesday.'I am being kept regularly updated following a release of oil from a pipeline in the Irish Sea…

Current News

DNV to Publish New Offshore Rules and Standards in July

Valaris Jack-up Using AI for Man Overboard Detection

Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services

Saudi Aramco Profit Falls Amid Lower Oil Prices and Volumes Sold

Subscribe for OE Digital E‑News