Offshore Energy News


Santos Broadens Offshore Exploration in N.Australia

Feb 19, 2019

The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…

McDermott Bags Pan Malaysia Jobs

Feb 19, 2019

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press…

2021 to See 33 More FPSOs

Feb 19, 2019

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of…

Transocean Automates Six Floaters

Feb 19, 2019

The international offshore drilling contractor Transocean has entered into an agreement with Equinor to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in…

National Grid Seeks Approval of Revolution Wind

Feb 17, 2019

National Grid, which provides power to Northeastern United States, filed for regulatory approval of a 20-year contract for energy from a new offshore wind farm – Revolution Wind.Revolution Wind is a next-generation 400-megawatt offshore wind…

World’s Largest Offshore Wind Farm Generates First Power

Feb 17, 2019

The first turbine of the 1,218-MW Hornsea 1 offshore wind farm in the North Sea, the world’s biggest such facility, has been installed and is now generating power.Matthew Wright, UK managing director of Danish energy group Ørsted A/S, described…

Welcon to Build World's First TetraSpar Foundation

Feb 17, 2019

Denmark’s Welcon has received the order to produce the first TetraSpar floating offshore foundation for a consortium comprising Shell, Innogy and Stiesdal Offshore Technologies.We are very proud to be involved in this exciting project, which…

Neptune Renews IRM Contract with Sea Mar Shipping

Feb 17, 2019

Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune…

Yinson Wins USD578 million Contract from JX Nippon

Feb 17, 2019

Global FPSO provider Yinson Holdings Berhad  said its wholly-owned unit has been awarded a US$578 million (RM2.357 billion) contract from JX Nippon Oil & Gas Exploration (M) Ltd.According to a stock exchange filing from the Malaysian floating…

Petrobras Will Pay to End Whale Park Dispute

Feb 15, 2019

Brazil state-run oil firm Petroleo Brasileiro SA said on Thursday it had concluded a long-running dispute with the country's ANP petroleum regulator, agreeing to pay 3.5 billion reais ($940 million) to end an oil-royalty spat.Dating back to 2014…

Equinor Lines Up Floating Wind in S.Korea

Feb 15, 2019

Equinor and South Korea's state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind farms in South Korea, the Norwegian company said on Friday.South Korea aims to reduce its dependence on nuclear and coal power…

The “Disruption” in AUV Trends

Feb 15, 2019

Missions—it’s all a question of missions. The mission decides the payload, battery capacity, size and processing power of an autonomous underwater vehicle, or AUV. King among these is payload, from which market disruption is just waiting to happen…

DOF Wins Contract for Skandi Sotra

Feb 14, 2019

Norwegian offshore vessel owner DOF announced that it has signed a 21 months contract for the platform supply vessel (PSV) Skandi Sotra (built 2003).The contract will commence today (Friday) in direct continuation from its present contract in Australia…

Udenna Backs-out from EMAS Rescue

Feb 14, 2019

Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas Offshore.The ailing Singaporean contractor Emas Offshore announced in a regulatory…

Shell Invites Bid for FPSO in Bonga

Feb 14, 2019

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of invitation to tender (ITT) to contractors for the development of the Bonga South-West Aparo (BSWA) oil field.SNEPCo said in a statement that the project’s initial phase included a new Floating…

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