Offshore Energy News


Sleipner Partners Release CO2 Storage Data

Jun 12, 2019

Partners in the Sleipner field will disclose datasets from the world's first offshore carbon capture and storage (CCS) plant, in a push to advance innovation and development on the field of carbon dioxide (CO2) storage, Norwegian energy company Equinor announced on Wednesday…

Worley Wins Gjøa EPCIC Work from Neptune

Jun 11, 2019

Neptune Energy said it has awarded contracts to Rosenberg Worley for modifications on the Neptune operated Gjøa semi-submersible platform.The engineering, procurement, construction, installation and commissioning (EPCIC) contracts, awarded under…

The On-again Arctic

Jun 11, 2019

A cursory look at rig, seismic and yard activity in the world is enough to deduce that there’s more happening in the Arctic than Greens tying themselves to seventh-generation drilling units.A judge may have blocked Alaskan drilling in coastal…

Prelude FLNG Ships First LNG Cargo

Jun 11, 2019

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…

Libra Partners Launch Mero Phase 2

Jun 11, 2019

Project partners have taken final investment decision (FID) for the second phase of the Mero project in the deepwater Libra block of the pre-salt Santos Basin offshore Brazil, operator Petróleo Brasileiro announced on Tuesday.The Brazilian state-controlled oil company…

Oil Rises on Likely OPEC+ Supply Cuts

Jun 10, 2019

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.Front-month Brent crude futures…

Lawmakers Want UK to Stop Funding Fossil Fuel Projects Abroad

Jun 10, 2019

Britain must stop financing fossil fuel projects abroad by 2021 as it undermines the nation's efforts to combat climate change, a report by lawmakers said on Monday.The report, which targets financial support provided by the UK Export Finance (UKEF) agency…

Fitch Downgrades Pemex Debt to 'Junk'

Jun 07, 2019

Fitch on Thursday became the first major ratings agency to downgrade the debt of Mexican oil company Pemex to 'junk' status, in a major setback for President Andres Manuel Lopez Obrador's plans to revive the struggling state-run firm.Fitch changed…

Israel Extends Exploration Tender Deadline

Jun 06, 2019

Israel on Thursday extended its tender by a month to grant new licenses for offshore oil and natural gas exploration.The deadline for bids was due by June 17 but the Energy Ministry extended it until July 15, with the winners to be announced on August 12…

Vattenfall May Raise Offshore Wind Target

Jun 06, 2019

Sweden's Vattenfall may raise its target for installing offshore wind power generation in Europe beyond the 11,000 megawatts (MW) it now plans to have in place by 2025, an executive said.Gunnar Groebler, the Swedish power firm's board member in charge of wind…

US Crude Inventory Above Average

Jun 05, 2019

US crude inventory now 6% above the five year average – Brent crude price down 17% over past 10 daysRecent government data indicate a US crude inventory surplus has been forming. The latest EIA survey shows 483 million bbls in inventory as of…

EPC Contract Awarded for Mozambique LNG

Jun 05, 2019

A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday…

Hurricane Achieves First Oil at Lancaster

Jun 05, 2019

Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for the company within its guided schedule.Hurricane specializes…

Innogy Eyes Partnerships in US Offshore Wind

Jun 05, 2019

Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said.Projects off the U.S. coast have become a major target for utilities in Europe…

UK O&G Addressing Climate Concerns

Jun 04, 2019

The role of the UK’s offshore oil and gas industry in enabling the country’s transition to a lower carbon future was underlined at an industry conference in Aberdeen on Tuesday.More than 400 delegates from across the sector attended OGUK’s Industry…

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