Oe Media News


Subsea Power Distribution Drawing Near

Jun 18, 2019

Subsea power distribution set to move oil and gas production facilities on the seafloorSubsea power distribution down to 3,000 meters depth will soon be a reality. This summer, a full-scale prototype will be running a 3,000-hour test. After that…

Equinor Eyes Floating OWF in Canary Islands

Jun 05, 2019

Norwegian energy giant Equinor has received the green light to build a 200-MW floating offshore wind farm (OWF) off the coast of the Canary Islands.According to local media report, the energy major planning to invest around €860M to the OWF off Spain's Gran Canaria island…

Global OWP Market to Grow 18% by 2023

May 29, 2019

Global offshore wind power market size will grow by over USD 17 billion during 2019-2023, at a CAGR close to 18%, said Technavio report.Due to rapid urbanization and industrialization across the world, there has been significant growth in the global demand for electricity…

A New Well, a New Offshore Bonanza

May 28, 2019

Whatever its investments in wind, Equinor on Monday received a much anticipated greenlight to drill for oil in a mature quadrant of the North Sea, where success with the drill bit could again change field economics for the giant Johan Sverdrup field — and other…

Lekoil Withdraws Suit Against Nigerian Petroleum Minister

May 16, 2019

Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…

BHGE Wins Subsea Award from Beach Energy

May 07, 2019

Beach Energy has awarded Baker Hughes, a GE company, a contract to supply subsea production systems for its Victorian Otway Basin brownfield development project located in offshore Victoria, Australia.The Otway Basin is approximately 500 kilometers…

U.S. Deeply Concerned by Turkey's Cyprus Drilling Intent

May 06, 2019

The United States is deeply concerned by Turkey’s announced intentions to begin offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, a State Department spokesperson said on Sunday.Turkish media on Saturday…

Teekay Gets Refinance for FPSO Fleet

May 01, 2019

The international midstream services provider to the offshore oil production industry Teekay Offshore Partners announced  that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units…

Cautious Optimism for an Offshore Recovery

May 01, 2019

Much has been made of an expected recovery for offshore. We share that optimism. We think there will be around 20 final investment decisions (FID) for floating production, storage and offloading units (FPSO), nearly 60 subsea projects and a total of 330 trees going ahead this year…

Subsea Monitoring Equipment Put to the Test

Apr 25, 2019

Equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth has been put to the test in Aberdeen.The linear actuators that underwent hydrostatic testing at the Balmoral Subsea Test Center…

Santos Finds Gas Off Western Australia

Apr 16, 2019

Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia.Corvus-2 is located in 63 meters water depth, approximately 90 kilometers northwest of Dampier in Commonwealth waters within petroleum permit WA-45-R…

Standard Drilling Sells Four PSVs

Apr 15, 2019

New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs).The NWS vessels, 'World Diamond', 'World Peridot', 'World Pearl' and 'World Opal…

Estonia Blocks $1.9B Offshore Wind Project

Apr 12, 2019

The Estonian government has refused to start the permitting process for the building of a $1.9 billion, 600-MW offshore wind farm off the west coast of the island of Saaremaa, citing national security concerns.The Estonian developer Saare Wind…

China, France to Develop OWP Project

Apr 12, 2019

China Energy Investment Corporation (CHN Energy) and Électricité de France Group (EDF Group) have signed a deal to jointly develop an offshore wind power project in China’s eastern Jiangsu province, Chinese official media reported.As per the agreement…

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…

Current News

UDS Lines Up Work for Ultra Deep Matisse

Schlumberger Open Sources Data Ecosystem

Kibsgaard to Become Borr Drilling Chairman

i3 Spuds Pilot Well at Liberator Field

Rosneft to Develop Offshore Fields in Mozambique

Equinor Secures Subsidy for Wind Turbines at North Sea Oilfields

TechnipFMC Tallies Shell PowerNap Award

Norway Oil Industry Trims Investment Forecast

Premier Oil to Upgrade Catcher Reserves

FPSO Market Growth Props BW Offshore’s Africa Plan

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