Latest News - page 1526


Shell Makes 'Significant' Gas Find Offshore Australia

Dec 23, 2019

Shell announced a 'significant' gas and condensate discovery in the Browse Basin off the northwest coast of Western Australia, unlocking potential to develop a tieback to Shell's mega Prelude floating liquefied natural gas (FLNG) facility.Drilling of the Bratwurst -1 exploration well…

First Deck Complete on Johan Sverdrup P2

Dec 23, 2019

Aibel Thailand, which is building the Main Support Frame (MSF) module for Johan Sverdrup’s P2 process platform, said it has completion of the first deck at the company’s yard in Laem Chabang.In November, the project reached a major milestone…

Polarcus Wins Seismic Project in APAC

Dec 23, 2019

Polarcus has been awarded an XArray marine seismic acquisition project in the Asia Pacific region, the company announced on Monday.According to Polarcus, the work is slated to commence in the second quarter of 2020 with a duration of approximately four months.

Petronas Buys Stake in Andaman III Block

Dec 23, 2019

Malaysia's state-owned oil and gas company Petronas has acquired 49% of Repsol SA's participating interest in Andaman III oil and gas block off the coast of Aceh, Indonesia, according to a Petronas statement released on Monday.Repsol will still hold a 51% stake in the block after the deal…

Apache, Total Partner for Suriname Exploration

Dec 23, 2019

Apache Corporation and French rival Total have formed a joint venture to develop a project off Suriname in a deal that gives the struggling U.S. oil and gas producer a cash injection for more exploration, the companies said.Apache's Suriname…

Decommissioning Hard to Nail Down

Dec 23, 2019

The North Sea decommissioning picture is murky at best, and its constantly evolving timetable is proving difficult to plan for, judging by the qualifying comments of a number of operators and regulators, of late.While the technology of offshore…

Vår Energi Awards Rig Contract to Seadrill

Dec 23, 2019

Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future redevelopment project in the Norwegian sector of the North Sea. The contract, which is subject to authority approval of the $2…

Bourbon Assets Taken Over by Creditor Banks

Dec 23, 2019

French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial…

ExxonMobil Discovers Oil Offshore Guyana

Dec 23, 2019

ExxonMobil made a deepwater oil discovery at the Mako-1 well offshore Guyana, the US supermajor announced on Monday, just days after reporting first oil from the nearby Liza field on Friday.The 15th discovery on the Stabroek Block, the new find…

ZPMC Contracts Royal IHC for J-Lay System

Dec 22, 2019

Royal IHC, the supplier of equipment, vessels and services for the offshore and dredging markets, has signed a contract with China’s Shanghai Zhenhua Heavy Industries Co (ZPMC) to support the installation and commissioning of the J-Lay system on ZPMC’s multipurpose vessel JSD6000 in Changxing…

Subsea 7 Wins GoM Contract

Dec 22, 2019

Subsea 7, the subsea engineering, construction and services company serving the offshore energy industry, announced the award of a sizeable SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico…

Ørsted Secures Funding for Hydrogen Pilot

Dec 22, 2019

Offshore wind developer Orsted has secured funding for a demonstration project using offshore wind power to produce renewable hydrogen to power.Seven industrial partners have been awarded funding for a demonstration project in Denmark using…

Vestas Tidal Wind Solutions for Vietnam

Dec 22, 2019

Danish manufacturer Vestas Wind Systems has developed a customized solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC, using onshore wind technologies to harvest wind resources from the sea…

Tekmar Bags Windpark Fryslân Gig

Dec 22, 2019

Tekmar Energy, the developer and manufacturer of sub-sea cable protection systems for the renewable energy industry, announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for Windpark Fryslân…

Odfjell to Drill More Wells for Equinor

Dec 22, 2019

Norwegian oil and gas company Equinor has exercised three new wells for Odfjell Drilling’s semisubmersible Deepsea Atlantic.Furthermore, two additional wells are pending final approval by Equinor and its licensees.The wells have been exercised…

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