Offshore Engineer Industry News News - page 5


Tullow Oil Ups 2022 Free Cash Flow Outlook, Ghana Tax Looms

Jan 25, 2023

West Africa-focused oil producer Tullow sees its 2022 free cash flow at $267 million, slightly ahead of previous guidance and up from $245 million the previous year, it said in a trading update on Wednesday. It plans to invest $400 million this year…

Ulmatec Nets Walk-to-work Gig

Jan 25, 2023

Ulmatec said Wednesday it had won a new contract for the supply of a 32-meter motion-compensated gangway and logistics support systems to a'major international player.''The gangway offers superior workability with its 12 m telescopic compensation…

Seajacks Jack-ups Win New Contracts, Extensions

Jan 25, 2023

Eneti said Thursday that its subsidiary Seajacks had signed two new contracts in northwest Europe.Seajacks operates self-propelled jack-up vessels, which provide offshore installation services for offshore wind and oil and gas industries.Eneti…

TechnipFMC Nets Substantial Subsea Services Deal with Petrobras

Jan 25, 2023

TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million.The three-year contract has an option to extend for two years…

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

Jan 25, 2023

The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…

Hess Expects Higher 2023 Spending with Focus on Guyana, Bakken

Jan 24, 2023

U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…

Atlantica Shipping Adds Fourth PSV to Fleet

Jan 24, 2023

Oslo-based offshore vessel owner Atlantica Shipping has taken delivery of its fourth platform supply vessel.The company said in a social media post that it had expanded its fleet with the 2005 built UT 755L Atlantica Server.The vessel, previously…

TotalEnergies' Dalia Oilfield in Angola to start 35-day Maintenance in Feb.

Jan 24, 2023

TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday.The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips…

Halliburton Tops Wall St. Quarterly Profit Estimates

Jan 24, 2023

U.S. oilfield services firm Halliburton Co  on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider…

Norway to Offer Record Number of Arctic Oil, Gas Exploration Blocks

Jan 24, 2023

Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticized the risk to the environment. The Nordic country…

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Jan 24, 2023

Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice…

Rovco Expands Offshore Capabilities with Glomar Supporter Charter

Jan 24, 2023

Rovco, a UK-based subsea robotics and survey firm, has signed a three-year charter with Glomar Offshoreof the multipurpose support vessel, Glomar Supporter.The company said the charter was part of its growth strategy within its site characterizing business unit…

Two Energy Giants, Two Green Projects: One Double-booking in North Sea

Jan 24, 2023

Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…

Guyana in Talks with Qatar, UK, UAE and India on Offshore Oil Blocks

Jan 24, 2023

Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday…

Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas

Jan 24, 2023

Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties…

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