Latest News - page 1518


Controversial Wildcat Disappoints -Rystad

Nov 29, 2019

Wintershall Dea’s controversial wildcat well near the closed-off Lofoten archipelago in northern Norway was ultimately unsuccessful, analyst Rystad Energy said.Rystad Energy’s senior exploration analyst Palzor Shenga said, “This stands as a…

Northern Lights Partners Drill Wildcat for CO2 Storage

Nov 29, 2019

Partners in the Northern Lights project will drill an exploration well south of the Troll field in the North Sea with the objective to not find oil and gas.Wildcat well 31/5-7 Eos is being drilled to investigate whether the reservoir in the…

Saipem Wins Offshore Wind Contracts

Nov 29, 2019

Italian offshore services company Saipem said it has secured two new contracts for work related to offshore wind development projects in Scotland and Taiwan.The two contracts, worth approximately €750 million ($826.4 million) combined, represents…

Subsea Tieback Research Hub Opens in WA

Nov 29, 2019

A new research and technology center backed by Chevron and Woodside has been launched at The University of Western Australia (UWA) to study long subsea tiebacks.The Center for Long Subsea Tiebacks laboratory located at UWA will focus on long…

First Subsea Wins Dutch Wind Farm Work

Nov 29, 2019

First Subsea announced it has been selected by Van Oord / Cablel to supply cable protection systems (CPS) for the export cables and cross over protection for TenneT’s Net op zee Hollandse Kust (zuid) offshore wind farm located 20 kilometers off the coast of The Hague in the Netherlands…

Saudi Aramco IPO: $44.3 Bln in Bids So Far

Nov 29, 2019

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25…

Two Injured from Heimdal Platform Blast

Nov 29, 2019

Two Equinor personnel have been injured from an explosion on the Heimdal platform in the North Sea on Thursday, the Norwegian energy company said.There were 70 people on board the Equinor-operated platform when a portable nitrogen gas container…

EDF Begins Construction on 450 MW OWF

Nov 28, 2019

French utility EDF Group announced that its subsidiary EDF Renewables has launched the construction of the Scottish Neart na Gaoithe (NnG) offshore wind farm project along with the new partners, the Irish electricity company Electricity Supply Board (ESB)…

First 2 Jackets for NFE Project Completed

Nov 28, 2019

State-owned Qatar Petroleum has announced the completed fabrication of the first two jackets required for offshore facilities as part of its North Field Expansion (NFE) Project.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…

OHT Bags Dogger Bank OWF Project

Nov 28, 2019

Norway-based heavy transport and installation contractor Offshore Heavy Transport (OHT) has been selected as the preferred supplier for foundation installation at the Dogger Bank offshore wind farm (OWF).OHT’s new build vessel 'Alfa Lift', designed by Ulstein…

Providence to Operate Avalon as Total Exits

Nov 28, 2019

As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect, located offshore Ireland…

First Subsea Lifting Tools for Allseas

Nov 28, 2019

First Subsea said it has been awarded a contract to supply three Ballgrab Internal Lifting Tools (ILT) to pipelay, heavy lift and subsea construction company Allseas. The tools are designed for lifting loads up to 900mT and will be used by Allseas for offshore decommissioning projects…

Delek Group Names New CEO

Nov 28, 2019

Israeli independent Delek Group announced Idan Wallace, currently deputy CEO, has been appointed as the new Chief Executive Officer, effective January 1, 2020.Wallace takes over from Asaf Bartfeld, who is retiring at the end of 2019 after serving…

Spike in Floater Orders, as Demands Ease

Nov 28, 2019

For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week.The world’s floating production…

Subsea 7 Wins Julimar-Brunello Contract

Nov 28, 2019

Offshore services company Subsea 7 said it has been awarded a contract from Woodside for the execution of phase 2 of the Julimar-Brunello Project, approximately 200 kilometers offshore North Western Australia.Subsea 7 said its full scope of work will be to design…

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