Oe Media News


Adjusting Strategy to Survive Oil Price Volatility

Apr 08, 2019

In times of oil price volatility, operators can take certain actions to reorient their businesses, generate sustainable value and reignite investor interest.According to the “New horizons: Strategic choices for upstream oil and gas companies…

Eni Pilots Wave Energy Converter

Mar 28, 2019

Italian multinational oil and gas company Eni has activated the Inertial Sea Wave Energy Converter (ISWEC), offshore Ravenna, capable of converting energy generated by waves into electricity, which will in the future enable Eni to convert mature…

Wintershall Hopes to Free Stuck Norway Reserves

Mar 25, 2019

Plan to double Norwegian fortunes held up by field fix, remedial drilling campaignGerman offshore player Wintershall spent this week affirming plans to spend $2.23 billion offshore Norway toward doubling production, as Continental Europe’s “largest…

US Buyers Turn to Offshore Crude

Mar 25, 2019

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.Those two companies produce…

EnQuest to Focus on Cutting Debt as Profits Jump

Mar 21, 2019

North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year after reporting a jump in full-year profits on the back of increased production.Chief Executive Amjad Bseisu said, 'We are committed to further reducing our debt…

Brazil OSV Update

Mar 21, 2019

The offshore support vessel (OSV) fleet in Brazilian waters closed January with 367 vessels, of which 328 were Brazilian flagged and 39 were foreign flagged. The quantity remained nearly stable in relation to December 2018, when 363 vessels…

Wood's Profit Beats Estimates

Mar 19, 2019

Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal.Aberdeen…

Speedcast Offers Intellian v240MT Antenna

Mar 07, 2019

Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors.The v240MT is Intellian’s next generation, tri-band and multi-orbit 2.4 meter antenna for use on Ku…

Moog Focal Products for APL Norway AS

Feb 22, 2019

A Floating Storage and Offloading project in the Norwegian Sea is to benefit from high-end products for data and process control from MacArtney & Moog Focal.MacArtney has secured a contract from APL Norway AS, a Norwegian Mooring and Loading…

Japanese Offshore Wind to Hit 4GW in 2028

Feb 20, 2019

Japan's nascent offshore wind industry is expected to increase dramatically over the next ten years, according to energy analysts Wood Mackenzie, who predict that by 2028 the island country will boast upwards of 4 gigawatts (GW) of offshore capacity…

Coming Up Next in Offshore Engineer

Feb 12, 2019

The March/April edition of Offshore Engineer magazine will include features on . . . Deepwater: The Big New HorizonMore and more operators are turning once more to deep water exploration. Elaine Maslin takes a look at some of the hot spots explorers are targeting over the next year…

Huisman China Building New Drilling System

Jan 25, 2019

A cutting ceremony was held Friday for the DES Innovative Drilling System project at Huisman China.The drilling system, to be integrated and installed on a moored drilling semi-submersible constructed at CMHI Haimen, will be used for oil and…

Fast Support Vessel Delivered for SEACOR

Jan 23, 2019

Louisiana shipbuilder Gulf Craft has delivered the third vessel in a series of new class monohull fast support vessels (FSV) for SEACOR Marine.According to designer Incat Crowther, the vessel Libby L. McCall advances the traditional offshore support vessel model and offers a more cost efficient…

Offshore Upswing: CNOOC Spend Highest Since 2014

Jan 23, 2019

China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10…

Standard Drilling Fixes PSV with Repsol

Jan 23, 2019

Cyprus-based offshore drilling services company SD Standard Drilling (SDSD) said that Standard Supporter, one of five large platform supply vessels (PSVs), has on 21 January commenced on a  well contract, at levels well above operating cost…

Current News

Offshore Drilling Waste Management Support Tighter Regulations

Oceaneering Awarded Work in Mozambique

Wight Shipyard Breaks Into Offshore Wind

Leadership Changes at Equinor

Potential Norway Oil Strike Looms

Equinor Wraps Up Carcará Deal in Brazil

BP Rig Arrives On Site Despite Protests

Bourbon BoD to Analyze Restructuring Proposals

Seaspace Race Underway at Saab Subsea Docking Demo

Shell Sees More FLNG Opportunities

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week