Offshore Energy News - page 600

Large E&P Firm Shows Interest in Corallian's Offshore Block

Apr 29, 2020

Corallian Energy, with its partners Upland Resources and Baron Oil, has signed a work-sharing agreement with a 'large European E&P company' that might lead to a farm-out of a stake in the offshore license P2478 in the Inner Moray Firth, Scotland…

Borssele 1 & 2 Offshore Wind Farm Generates First Power

Apr 29, 2020

Offshore wind farm developer Ørsted has said that its offshore wind farm Borssele 1 & 2 in the Dutch North Sea has delivered first power to the Dutch grid. The first wind turbine is now supplying electricity.Borssele 1 & 2 is located 22 kilometers…

OMV Books Q1 Loss, Lowers 2020 Oil Output Target

Apr 29, 2020

Austrian energy group OMV posted a net loss for the first quarter due to significant inventory costs and lowered its production target and crude price forecasts in response to tumbling oil demand in the wake of the coronavirus pandemic.OMV said…

Oil Majors, Governments Haggle over Oil Output Cuts

Apr 28, 2020

From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because of the coronavirus pandemic…

Yinson Welcomes Sumitomo as Partner in Brazil FPSO Project

Apr 28, 2020

Malaysian FPSO supplier Yinson has signed a deal with Japan's Sumitomo for the latter's participation in the Marlim FPSO project.Yinson said Thursday that the two companies concluded an agreement for their participation in the charter, operations…

We Can Withstand Drop in Activity, Archer CEO Says as Refinancing Complete

Apr 28, 2020

Oilfield services company Archer has completed the refinancing of the company, and said new financing agreement provided 'robust financial foundation.'The Oslo-listed company has come out with available liquidity of more than $90 million and without major debt maturities until late 2023…

Belgian Offshore Helicopter Player Opens Dutch Base

Apr 28, 2020

Offshore helicopter company NHV has opened a new base in Arnemuiden, Midden-Zeeland, The Netherlands, to support its offshore windfarm activities in the region.NHV will support this project utilizing the H145 aircraft, an Airbus Helicopter 4-tonne-class twin-engine rotorcraft…

MHI Vestas Sourcing Blade Components from Local Taiwan Suppliers

Apr 28, 2020

Offshore wind turbine specialist MHI Vestas which has recently awarded contracts to supply wind turbines for offshore wind projects in Taiwan, has signed a deal with Swancor to source wind turbine blade materials locally in Taiwan.'In another…

Nexans Aurora Cable Layer Blocks Fall into Place

Apr 28, 2020

All the grand blocks for the Cable Laying Vessel (CLV) ‘Nexans Aurora’ have now been assembled at the hull yard, CRIST, Norway's Ulstein has informed. 'Work tasks such as some steelwork, outfitting, and paintwork now need to be carried out before the hull can be towed to Ulstein Verft…

OKEA: Yme Field Start-Up Might Be Put Off for 2021

Apr 28, 2020

Norwegian independent oil firm OKEA will ask its bondholders for a waiver of bond covenants and sees a risk of the Yme field development being delayed until 2021, the company said on Tuesday.The firm co-founded by Norway's former oil minister…

Schottel to Power 'Wind of Hope'

Apr 28, 2020

Schottel will provide a range of propulsion systems for Louis Dreyfus Armateurs's second wind farm service operation vessel (SOV) the Wind of Hope.The new walk-to-work vessel, a sister vessel to the Wind of Change SOV, is currently under construction…

Coastal Virginia Offshore Wind On Track Despite COVID-19

Apr 28, 2020

The Coastal Virginia Offshore Wind (CVOW) project remains on schedule to become an economic driver in Hampton Roads. The project team and vessel crews have implemented processes to navigate the impact of the worldwide coronavirus pandemic, Dominion Energy said Monday…

Short-Term Extension for BW Offshore FPSO Ahead of Lay-Up

Apr 28, 2020

FPSO leasing company BW Offshore has secured a short-term contract extension with Petrobras for the floating production storage and offloading unit BW Cidade de Sao Vicente.'BW Offshore has received a notice from Petrobras that they exercise…

Inpex Sells Ichthys LNG at Record Low

Apr 28, 2020

Inpex sold a liquefied natural gas (LNG) cargo from Australia's Ichthys plant for loading in May at what traders say is a record low price.Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1…

Van Oord Installs Slip Joint Foundation at Borssele Wind Farm Site

Apr 28, 2020

Dutch offshore installation and construction company has installed what it calls the 'Slip Joint' foundation at the Borssele Wind Farm Site V in the Dutch sector of the North Sea.The Slip Joint is an alternative connection between foundation elements…

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