Offshore Regions News


Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

2 hours ago

Oil and gas company Spirit Energy's Norway has entered into five-year framework agreements with Subsea 7, TechnipFMC and DNV GL.'The agreements are a continuation of a new type of supplier collaboration that was started in 2015, and which has…

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

3 hours ago

Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline…

Subsea 7 Nets 'Substantial' Offshore Platform Order in Angola

5 hours ago

Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…

PetroRio Nears Full Takeover of Frade Offshore Field. Decom Costs Cut

5 hours ago

Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…

Dana Taps KenzFigee for Lifting Services on Two FPSOs

5 hours ago

Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…

Four Firms Looking to Develop Green Hydrogen Hub in Hamburg

8 hours ago

Shell, Mitsubishi Heavy Industries (MHI), Vattenfall, and municipal company Wärme Hamburg are planning to jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity.  In addition…

Equinor Studying Drone Use in Offshore Oil and Gas Environment

8 hours ago

Norwegian drone company Nordic Unmanned has signed a contract with energy giant Equinor to conduct a study on how Remotely Piloted Aircraft Systems (RPAS) could be used in offshore airspace between installations and vessels, in search and rescue (SAR) operations…

German Regulator Awaits Details for Complaints Against Nord Stream 2 Pipeline

9 hours ago

Construction work on the Nord Stream 2 gas pipeline could be stopped for an indefinite period in German waters but opponents still need to give detailed reasons to justify the halt, Germany's federal maritime regulator BSH said on Thursday.Two…

Woodside Sees Global LNG Market Tightening

9 hours ago

Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

Jan 21, 2021

Subsea umbilical supplier JDR has won a contract with UMD Energy to deliver a 2.7km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.The umbilical will provide the connection from the unmanned remote platform to the subsea production control system…

Mubadala Takes Stake in Egyptian Offshore Block

Jan 21, 2021

Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt. Mubadala said Thursday that Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, had signed the concession agreement…

NEO Energy in Exclusive Talks to Buy ExxonMobil's North Sea Assets

Jan 21, 2021

North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant's UK North Sea assets.NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful…

Baker Hughes: Oil Industry Downturn to Bottom Out in 2021

Jan 21, 2021

Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry's worst downturn in decades should bottom out this year.Oil and gas producers have been forced to cut their budget, restructure operations and reduce employees…

Italian Prosecutors Want JPMorgan Files in Eni, Shell Nigeria Bribery Case

Jan 21, 2021

Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell.The long-running graft case revolves…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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