Offshore Engineer Industry News News


Petrobras Delays Bids for Offshore Platform

6 hours ago

Brazil's state-run oil company Petrobras has delayed by 90 days the deadline for bids to build a production platform in the Itapu field in Santos Basin after a sharp drop in oil prices and concerns about the impact of the COVID-19 pandemic, two people familiar with the matter told Reuters…

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

12 hours ago

Pipeline gas flows from Norway to Britain fell 44% on Friday from the start of the week as the summer gas season starts and coronavirus lockdowns continue to hit demand, data shows.Pipeline gas flows to Britain fell to 49.7 million cubic meters (mcm) per day on Friday…

RWE Sanctions 342 MW Offshore Wind Farm Project

14 hours ago

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.Contracts worth more than 500 million euros ($539 million) have been signed for all major components of the Kaskasi project…

Subsea 7 Scores 'Sizeable' Offshore Wind Deal in Germany

15 hours ago

Offshore installation and construction company Subsea 7 has said it has won a sizeable contract - meaning worth between $50 million and $150 million, for work on a wind farm offshore Germany.Subsea 7 said Friday the contract was with innogy Kaskasi for the Kaskasi offshore wind farm project…

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

18 hours ago

Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low…

Lekoil Cuts Costs, Staff. Otakikpo Output Unaffected

19 hours ago

Nigeria-focused oil company Lekoil has said it will reduce workforce numbers as part of the 'immediate and accelerated' implementation of the company's general and administrative ('G&A') cost reduction measures. 'These measures are targeting an annual reduction of US$8…

Energean Power FPSO Hull Leaves China

20 hours ago

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore…

Offshore Technology Conference (OTC) 2020 Canceled

Apr 02, 2020

The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic.'While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge…

Woodside Gets OK for Scarborough Proposal

Apr 02, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved Woodside's offshore project proposal (OPP) from for the development of the Scarborough gas fields off northern Western Australia.The OPP is the primary Commonwealth environmental…

Centrica Pauses Spirit Energy Sale, Scraps Dividend. Shares Hit Record Low

Apr 02, 2020

Britain's largest energy supplier Centrica canceled its 2019 dividend and cut costs in anticipation of an increase in nonpayments by customers and a drop in demand due to the COVID-19 outbreak, sending its shares to record lows.The government…

Vattenfall Pulls Out of Dutch Offshore Wind Tender

Apr 02, 2020

Swedish utility Vattenfall will not take part in a Dutch tender for a 700 megawatt (MW) offshore wind farm in the North Sea because of the uncertainty created by the coronavirus pandemic, the state-owned firm said on Thursday.Vattenfall won…

OGUK Asks Gov't to Save Oil Service Companies

Apr 02, 2020

Britain's oil and gas industry body OGUK has asked the government to adapt the financial aid schemes offered in the wake of the coronavirus crisis so as to cover dozens of oil service companies which would otherwise not qualify.OGUK called on the government last month to help it survive…

Hornbeck Offshore to File Chapter 11

Apr 02, 2020

U.S.-based offshore vessel owner Hornbeck Offshore Services announced it will file chapter 11 after defaulting on payment obligations.The New York-listed company said in an SEC filing that it has reached an agreement with lenders and holders of the company’s unsecured 5…

Nigeria Tells Oil and Gas Firms to Cut Staff in Covid-19 Fight

Apr 02, 2020

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures to stem the spread of the coronavirus.'All operators and their contractors are…

Current News

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Guyana's Oil Output Rises 58%

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

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