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E.ON More Than Halves Value of Nord Stream 1 Stake as Uncertainty Grows

Aug 12, 2022

E.ON, Europe's largest operator of energy networks, cut the value of its stake in the Nord Stream 1 gas pipeline by around 700 million euros ($715 million) on Wednesday, citing 'heightened uncertainty' over the impact of the war in Ukraine.The pipeline…

Methane Emissions from U.S. Shallow Offshore Platforms Exceed Those on Land, Study Finds

Aug 12, 2022

Measurements of methane emissions from shallow water oil and gas platforms in the U.S. Gulf of Mexico found they were substantially higher than those from drilling on land, according to research published on Thursday.The study, by researchers at non-profit Carbon Mapper…

Rig on the Move: Eco Atlantic to Spud 'Transformational' Gazania-1 Well Off S. Africa in September

Aug 12, 2022

Oil and gas company Eco Atlantic said Friday it expected to start drilling at its Gazania-1 well off South Africa in September, as the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilized Friday. The Gazania-1 well is located in the Orange Basin in South Africa…

Danish Firm Wants to Build 3GW Offshore Wind Farm in Australia

Aug 12, 2022

Denmark-based renewables company Copenhagen Energy has released details of a proposed offshore wind farm in Commonwealth and State waters north of Geraldton in Western Australia.The Midwest Offshore Wind Farm will comprise up to 200 turbines…

Denmark: TotalEnergies Adds Two Months to Maersk Drilling's Jack-up Rig Term

Aug 12, 2022

Denmark-based offshore drilling contractor Maersk Drilling said Friday that TotalEnergies EP Denmark A/S had exercised an option to add two months to the accommodation services work scope for the jack-up rig Maersk Interceptor in the Danish North Sea…

Aquadrill, Diamond Offshore Extend Auriga Drillship Deal

Aug 12, 2022

Offshore drilling company Aquadrill -  ex-Seadrill Partners - has extended the charter hire agreement for its Auriga drillship with Diamond Offshore Drilling after reaching an agreement on the one-year mutually agreed option in the current underlying drilling contract…

Oil Leak Contained at Three US Gulf Platforms, Shell Says

Aug 11, 2022

Top U.S. Gulf of Mexico oil producer Shell said on Thursday it halted production at three U.S. Gulf of Mexico deepwater platforms after a leak shut two pipelines connecting the platforms, adding it expected pipeline service to resume on Friday…

Keppel, Unit to Invest in German Offshore Wind Farm

Aug 11, 2022

Singaporean conglomerate Keppel Corp said on Friday it would spend 305 million euros ($314.7 million) along with a unit for a 50.01% stake in a special purpose vehicle (SPV) that owns 50% of Borkum Riffgrund 2, an offshore wind farm in Germany…

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries

Aug 11, 2022

Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management.The…

Pipeline Outage Halts Output at Three Gulf of Mexico Platforms

Aug 11, 2022

Oil major Shell said it had halted production at three of its U.S. Gulf of Mexico deep-water platforms after pipelines connecting the three were shut.Shell, the leading operator in the U.S. Gulf of Mexico, said Mars, Ursa, and Olympus platforms have been shut-in…

Smedley Named President, COO at Deepsea Technologies Inc.

Aug 11, 2022

Marcus Smedley has been named president and chief operating officer of Deepsea Technologies, Inc. (DTI). The Houston-based firm engineers and manufactures a wide range of subsea products and equipment used in the offshore oil and gas industry…

ScottishPower Starts Work on East Anglia THREE Offshore Wind Farm

Aug 11, 2022

ScottishPower Renewables has started the onshore construction of its East Anglia THREE offshore windfarm, which will power around 1.3 million homes, it said on Thursday.East Anglia THREE, off the Suffolk coast in England, will have a capacity of 1…

Germany's RWE Widens Global Search for LNG Supplies

Aug 11, 2022

RWE is holding talks with a larger number of suppliers of liquefied natural gas (LNG), not just Qatar and North America, CEO Markus Krebber said, as Germany's largest power producer continues its efforts to replace Russian gas volumes.RWE earlier…

Nigerian President Pulls Approval of Exxon Mobil's Offshore Asset Sale

Aug 11, 2022

Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.Buhari on Monday consented to the $1…

Deutsche Windtechnik Wins 'Cluster' Subsea Inspection Work

Aug 11, 2022

Deutsche Windtechnik announced it has signed several contracts for underwater inspections at offshore wind farms in the North Sea and Baltic Sea. As part of a cluster campaign approach, more than 300 annual inspection reports will be generated…

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