Latest News - page 547


Harbour Energy Taps Expro for Balmoral Well Abandonment Project

May 22, 2023

Offshore well services firm Expro said Monday it had won a new contract with oil and gas company Harbour Energy for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf.The multi-year contract…

U.S. Coast Guard Saves Three Boaters Stranded on Offshore Oil Platform

May 22, 2023

The U.S. Coast Guard said Sunday it had rescued three boaters from an offshore oil platform after their vessel sank near Freeport, Texas, Sunday.'Coast Guard Sector Houston-Galveston watchstanders received a report at approximately 3 a.m. from…

CNOOC's Floating Wind Turbine Starts Powering Offshore Oil Fields

May 22, 2023

China's CNOOC Limited said Monday that the Wenchang deep-sea floating wind demonstration project has been connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea…

Exxon Says Guyana Insurance Dispute Could Cut Revenue $350M/Month

May 22, 2023

Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month.A Guyanese court this month found Exxon in breach…

Voyis Launches Discovery Vision Systems for ROVs

May 21, 2023

Voyis CEO Chris Gilson discusses his company’s recent introduction of the Discovery Vision System, a system which aims to revolutionize how ROVs see the underwater world. The Discovery camera is a single camera and lighting system that offers 4K low-latency video for piloting…

SSE Renewables, RWE Seeks Public Input on North Falls Offshore Wind Farm Project

May 19, 2023

SSE Renewables and RWE joint venture's Southern North Sea offshore wind farm project, North Falls has launched the statutory consultation on its proposals.North Falls is a proposed extension to the existing 504MW Greater Gabbard Offshore Wind Farm…

Exxon Rebuts Proxy Advisor, Says Net Zero Emissions Scenario 'Unlikely'

May 19, 2023

Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…

Sinclair and Scaraben Floating Wind Farms in UK to Test Innovative Foundation, Mooring Systems

May 19, 2023

The BlueFloat Energy and Renantis Partnership said Friday it had signed exclusivity agreements with Crown Estate Scotland to develop its Sinclair and Scaraben innovation projects following successful bidding in the recent INTOG (Innovation and Targeted Oil & Gas) leasing round…

Spirit Energy Nets CO2 Storage License in East Irish Sea

May 19, 2023

UK-based oil and gas firm Spirit Energy is among the twelve companies that have this week been granted a carbon storage license by the UK North Sea Transition Authority (NSTA) in the East Irish Sea.'This represents a further step towards their…

South Africa Grants Turkey's Karpowership Deal to Ease Power Crisis

May 19, 2023

South Africa has granted Turkey's Karpowership access to the three ports of Ngqura, Durban and Saldanha Bay for a period of 20 years, the transport ministry said on Thursday, as it tries to find solutions to the country's power crisis.Karpowership aims…

Norwegian Rig Count Shrinks Further as More Semi-subs Get Work Elsewhere

May 19, 2023

Following the recent departures of two Odfjell Drilling-managed semi-submersibles from Norway to Africa, four more rigs have been contracted to work outside of the North Sea region in an upcoming period, with three of them managed by Transocean…

Fresh Strike Wave Looms in UK Offshore Sector as 600 Bilfinger Workers Reject Pay Offers, Unite Says

May 19, 2023

UK-based union Unite said Friday that around 600 of its offshore members at Bilfinger UK Limited have rejected new pay offers, and confirmed fresh strike action will now occur in June.'New pay offers were rejected by Unite members based on the offshore assets of the operators Ithaca…

Shell Faces Tense Shareholder Meeting as Profits and Climate Collide

May 19, 2023

Shell will likely face one of its most acrimonious annual meetings next week as it struggles to balance investor pressure to capture profits from oil and gas and a vocal minority saying it must move faster to tackle climate change. Big Oil firms…

Sakhalin Energy Sues Svitzer over Tugboats

May 19, 2023

Russia's Sakhalin Energy operating company has filed a lawsuit in a Russian court over tugboats owned by Denmark's Svitzer, a unit of shipping and oil group A.P. Moller-Maersk, court documents showed on Thursday. The Russian court on the Pacific…

Berkshire Hathaway Boosts Stake in Occidental Petroleum to 24.4%

May 19, 2023

Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%.In a regulatory filing, the conglomerate controlled by billionaire Warren Buffett said it paid about $201 million for 3…

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