Offshore Energy News - page 574


U.S. Offshore Oil Output Down 13% After Storm Cristobal

Jun 12, 2020

Offshore crude oil production in the U.S.-regulated northern Gulf of Mexico was down 13%, or 242,681 barrels per day (bpd), on Thursday, four days after Tropical Storm Cristobal came ashore, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said…

Oil Extends Slump as Prospect of Second Viral Wave in U.S. Ends Rally

Jun 12, 2020

Oil prices fell on Friday, extending heavy overnight losses as a surge in U.S. coronavirus cases this week raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world's biggest consumer of crude and fuel.West Texas Intermediate was down 65 cents…

UK Gov't Urged to Exempt All Offshore Workers from Quarantine Restrictions

Jun 11, 2020

A group comprising five offshore energy industry associations has called for the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on June 8.The group that calls itself the global Offshore Industry Group…

Nexans to Deliver Cables for Giant Offshore Wind Farm in Scotland

Jun 11, 2020

French industrial cable supplier Nexans has been awarded a contract by SSE Renewables to deliver cables for the recently sanctioned 1,075 megawatt (MW) Seagreen offshore wind farm project.The contract calls for Nexans to design, manufacture…

Asia's Largest Oil Industry Meeting APPC Will be Virtual

Jun 11, 2020

Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…

Bahamas Petroleum, Columbus Energy Propose All-Stock Merger

Jun 11, 2020

Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources.The boards of directors of the two companies on Thursday said they had reached…

Ampelmann's Gangway for New Ice-Breaking W2W Vessel

Jun 11, 2020

Dutch offshore crew transfer specialist Ampelmann will deliver an ice-strengthened gangway for the recently ordered, Russia-bound, shallow draft ice-breaking walk to work vessel.As previously reported, Dutch shipbuilder Niestern Sander, with compatriot vessel-owner Wagenborg Offshore…

CNOOC Brings Online Bohai Bay Oil Field

Jun 11, 2020

Chinese oil company CNOOC has started production from its Qinhuangdao 33-1S oil field phase I in the Bohai Bay.Qinhuangdao 33-1S is a shallow water oilfield, located in central and western Bohai with an average water depth of 21 meters. 'The…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Nexans Secures €280M State-backed Loan

Jun 11, 2020

French industrial cable provider Nexans announced today the execution of a French State-backed €280 million (around $318,4) term loan facility, issued by a pool of French banks.The loan has a twelve-month maturity and an extension option, up to five years…

Sarawak State to Sue Petronas over Sales Tax

Jun 11, 2020

Malaysia's energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.Petronas and Sarawak had reached a settlement in May…

Europa Oil & Gas to Acquire DNO's Offshore Block in Ireland

Jun 11, 2020

Oil and gas company Europa Oil & Gas has agreed to acquire an offshore license in Ireland, near the producing Corrib gas field, from DNO.Europa said the block, formally known as Frontier Exploration Licence (‘FEL’) 3/19, contains the 1.2 tcf Edge prospect…

Equinor, Aker BP to Jointly Develop Several Offshore Fields in Norway

Jun 11, 2020

Norwegian oil companies Equinor and Aker BP have agreed on commercial terms to jointly develop several fields on the Norwegian Continental Shelf.The coordinated development will include Krafla, Fulla and North of Alvheim (NOAKA) offshore licenses…

Ørsted Installs Its 1500th Offshore Wind Turbine

Jun 11, 2020

Danish offshore wind farm developer Ørsted has said it has reached a milestone in its expanding offshore wind business with the installation of its 1500th offshore wind turbine.The turbine was installed at the Borssele 1 & 2 offshore wind farm in the Dutch North Sea…

Norway Seeks More Details from Equinor on International Ops

Jun 10, 2020

Norway's energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments.Equinor made a series of acquisitions of onshore and offshore…

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