Offshore Engineer Industry News News - page 2


EnQuest Farms Down 85% Stake in North Sea Discovery for $1

Feb 25, 2021

UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…

Spain's Iberdrola to Spend $182B by 2030 to Triple Renewable Capacity

Feb 25, 2021

Europe's biggest wind power generator Iberdrola on Wednesday pledged to spend 150 billion euros ($182.39 billion) by 2030 to triple its renewable capacity and double its network assets.Years of investment in low-emission generation and power…

Report: Baker Hughes, 17 Other Firms Quit Nord Stream 2 Pipeline Project to Avoid Sanctions

Feb 25, 2021

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters…

Petrobras, SBM Offshore Sign LoI for Giant Búzios Field FPSO

Feb 25, 2021

Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering…

Blue Gem Wind Pressing Ahead with Valorous Floating Wind Farm

Feb 24, 2021

Blue Gem Wind, a joint venture between French firm Total and Irish-based Simply Blue Energy, has filed an environmental scoping report for Valorous, a proposed 300 MW floating offshore wind farm in the Celtic Sea, off Wales.Valorous is the second…

The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

Feb 24, 2021

Six oil and gas operators in The Netherlands, within the Nextep partnership, are working on a major campaign to decommission oil and gas wells as part of a single campaign. Nexstep, the Dutch association for decommissioning and reuse of oil and gas infrastructure…

GC Rieber's 'Polar Onyx' Set to Return to North Sea Region after Years in W. Africa

Feb 24, 2021

Norwegian offshore vessel company GC Rieber Shipping has won a new contract for its Polar Onyx SURF/subsea construction vessel, just days after it was announced that DeepOcean had extended the charter for the same vessel.In a statement on Wednesday…

Romania: BSOG to Start Gas Production from $600M Black Sea Project in November

Feb 24, 2021

Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…

PTTEP Finds More Gas Offshore Malaysia

Feb 24, 2021

Thai oil and gas company PTTEP has made a gas discovery at the Dokong-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, offshore Sarawak, Malaysia.PTTEP is the operator of the block with an 80 percent stake…

Saudi Aramco Orders Offshore Modules for Marjan Field from Lamprell

Feb 24, 2021

UAE-based energy industry facilities construction company Lamprell has won a 'large' contract to deliver offshore facilities and subsea components for Saudi Aramco's giant Marjan field. Lamprell defines a 'large contract' as between $51 and $150 million…

First Ever Jones Act Offshore Wind Turbine Installation Vessel to be Classed by ABS

Feb 24, 2021

Maritime and offshore classification society American Bureau of Shipping (ABS) will class the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV), seen as a key vessel for the development of the U.S. offshore wind industry…

Petronas Strikes Oil Offshore Indonesia

Feb 24, 2021

Malaysian oil company Petronas said Wednesday it had made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java,  Indonesia. Petronas' subsidiary PC North Madura II Ltd…

Israel: TechnipFMC Wins More Karish Work

Feb 24, 2021

Oilfield services giant TechnipFMC has secured more offshore oil and gas work with the oil and gas company Energean.After it in March 2018 received a $1.36 billion EPCI contract from Energean to supply an FPSO for the Tanin/Karish gas fields offshore Israel…

Petrobras Board Calls for Meeting to Oust CEO

Feb 24, 2021

The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.In a statement, Petroleo Brasileiro SA, as the company is officially known…

Oxy CEO: Low-carbon Business Earnings Could Match Oil

Feb 24, 2021

Occidental Petroleum Corp expects its low-carbon business to generate earnings equal to its oil and gas production business in the coming decades, Chief Executive Vicki Hollub told analysts on Tuesday.Occidental has been an early mover among U…

Current News

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MMA Offshore to Assist TechnipFMC with 'Major' Subsea Installation Project in Australia

Energean Takes Full Ownership of Energean Israel

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