Offshore Energy News - page 505


South America’s Offshore Output Set to Surpass North America's by 2024

Nov 03, 2020

South America’s offshore output is on track to surpass volumes coming from North America by 2024, energy intelligence group GlobalData said Tuesday.While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended…

Petrobras Charters Solstad Vessel Duo

Nov 02, 2020

Norwegian offshore vessel company Solstad Offshore has said that Petrobras has extended the contract for the Far Saga construction support vessel.Solstad said Friday the contract had been extended for a period of one year starting on Oct 30th…

UK-Based Offshore Decommissioning Firm Secures $33,6M Investment

Nov 02, 2020

UK-based offshore decommissioning specialist Well-Safe Solutions has secured a £26 million (around $33,6 million) investment to fund the next phase of its growth plan, the company said Monday.Well-Safe, which recently bought Seadrill's 1993…

Pandemic, Renewables to Set Oil Demand for Peak in 2028, Rystad Says

Nov 02, 2020

The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway's biggest independent energy consultancy Rystad predicted on Monday.Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd)…

U.S. Oil Output in August Fell 3.6% After Storms Shut Gulf of Mexico Facilities

Nov 02, 2020

U.S. oil output fell 3.6% to 10.6 million barrels per day (bpd) in August as offshore Gulf of Mexico production collapsed to a near seven-year low, the U.S. Energy Information Administration (EIA) said in its monthly 914 production report on Friday…

SeaBird in APAC 2D Survey Gig

Nov 02, 2020

Oslo-listed seismic survey company SeaBird Exploration has said it has won a letter of award for a 2D survey in the Asia Pacific region. The Norwegian seismic data acquisition firm said the survey was expected to start in the first quarter of 2021…

Lamprell Nets Engineering Design Services Deal in Saudi Arabia

Nov 02, 2020

Offshore rig builder Lamprell has won an engineering design services contract with Saudi Arabia's International Maritime Industries (IMI).Lamprell said the work would form an integral part of IMI's 2030 new build rig program; supporting the…

Equinor Gets OK to Use Deepsea Atlantic Rig on Vigdis Field

Nov 02, 2020

Norwegian energy company Equinor has received regulator consent to use Odfjell Drilling's Deepsea Atlantic semi-submersible drilling rig for production drilling on the Vigdis offshore field.Vigdis is a field located in the Tampen area in the northern part of the North Sea…

Mooring Specialist Intermoor Names Ex-Valaris VP as Managing Director

Nov 02, 2020

Offshore services group Acteon has informed that Chris Johnston will be joining its moorings and anchors business InterMoor as group managing director.Johnston, which will be based in Houston, USA, brings with him more than 35 years of domestic…

Exxon Posts Third Straight Quarterly Loss

Nov 02, 2020

Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 pandemic's impact on energy demand and prices.The largest U.S. oil producer by volume said…

Production Starts from Husky's Liuhua 29-1 Gas Field, Offshore China

Nov 02, 2020

Canadian oil and gas company Husky Energy and China's CNOOC have started gas production from the Liuhua 29-1 gas field, offshore China.The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometers northeast of Liwan 3-1 gas field…

Equinor Aims for Net-Zero Emissions by 2050, New CEO Says

Nov 02, 2020

Norway's Equinor aims to become a net-zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer's new chief executive said as he took office on Monday.Anders Opedal…

Norwegian Businesses See Rise in Wind Industry Orders

Oct 30, 2020

Onshore wind companies provided the largest revenue stream for the Norwegian renewables industry from sales of equipment, construction and consultancy services in 2019, overtaking hydropower, according to a report published on Friday.Onshore…

Op/Ed: Candidates Should Not Ignore Offshore Safety Advances

Oct 30, 2020

The American Gulf of Mexico is home to impressive industry and even more incredible beauty. Every day, fishermen, conservationists, tour guides, canal and port dredgers, offshore oil and gas workers and countless others go to work in and around the Gulf of Mexico…

World's Largest Wealth Fund Cites Paucity of Good Green Energy Deals

Oct 30, 2020

While societal, political and corporate pressure continue to push innovation on renewable energy, the world's largest wealth fund is apparently having trouble identifying good investment deals in the sector.Norway's $1.1 trillion sovereign wealth fund…

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