Offshore Regions News


Saudi Aramco Maintains Plan to Boost Output Capacity

few minutes ago

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group's CEO said on Monday.Aramco's capital…

Petrofac, SOCAR JV Win BP Contract in Azerbaijan

few minutes ago

A joint venture between Petrofac and the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services.The five-year contract…

Saudi Aramco's Profit Plunges, Sees Signs of Recovery

1 hour ago

State oil giant Saudi Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter.But the company stuck with plans to pay $75…

Greece Calls Turkey's Seismic Survey in Mediterranean Illegal

3 hours ago

Turkey dispatched a vessel to conduct a seismic survey in a disputed area in the eastern Mediterranean, a move which Greece said was illegal and is likely to heighten tensions between the two NATO allies.The advisory issued by the Turkish navy…

DOF Subsea Wins 'Key Award' with Chevron in Australia

Aug 07, 2020

Oslo-listed subsea services and vessels company DOF Subsea has been awarded an IMR Services contract with Chevron in Australia. It has also won a moorings replacement deal in Southeast Asia.DOF Subsea will support Chevron's North-West Shelf and near-shore subsea assets in Australia with DP Vessels…

Petrobras to Mothball Offshore Platform to Cut Costs

Aug 07, 2020

Brazilian oil and gas company Petrobras has said it will mothball its Merluza platform (PMLZ-1) in shallow waters in the Santos Basin.'The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas…

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

Aug 07, 2020

Offshore services company Jan De Nul has signed a final contract to transport and install offshore wind turbines for what will be the world's largest offshore wind farm complex - the 3.6GW Dogger Bank in the UK.Jan De Nul will use its Voltaire jack-up vessel…

Petrobras: Binding Phase Starts for Tartaruga Field Stake

Aug 07, 2020

Brazilian oil company Petrobras has kicked off the binding phase for the sale of its entire stake in the Tartaruga field, in the shallow waters of the Sergipe-Alagoas Basin, offshore Brazil.Petrobras had late in June 2020 announced the intention…

Canada: Deep Panuke Offshore Platform Removed from Field

Aug 07, 2020

The Deep Panuke production platform has been 'de-installed' from the namesake offshore gas field in Nova Scotia, Canada, and will be recycled.The jack-up production platform was delivered to the field back in 2011 by SBM Offshore as part of…

Solstad Offshore's Vessels Score Extensions with Total and Equinor

Aug 07, 2020

Norwegian offshore supply vessel owner Solstad offshore has secured several contract extensions with oil companies Total and Equinor in Brazil.France's Total has extended the contracts for the platform supply vessel Normand Swift and the AHTS vessel Far Sagaris until December 2020…

First Power for Blauwwind's Borssele III/IV Offshore Wind Farm

Aug 07, 2020

The Blauwwind consortium has informed that its Borssele III/IV wind farm in the Dutch North Sea has achieved first power.The key milestone in the construction of the offshore wind project was achieved on Friday morning. The first turbine is…

VIDEO: Tyra East, West Platforms Removed

Aug 07, 2020

Oil and gas company Noreco has said that the Tyra East and Tyra West integrated processing and accommodation platforms in the Danish North Sea have been safely removed, as part of the Tyra redevelopment project.Allseas’ Pioneering Spirit vessel has earlier this week removed the 14…

Afreximbank Commits $400M to Mozambique LNG Project

Aug 07, 2020

Cairo-based African Export-Import Bank has committed $400 million in loans and guarantees to Mozambique's $20 billion liquefied natural gas (LNG) project, the multilateral lender said on Thursday.Afreximbank's move follows a similar commitment…

NOAA Raises Predicted Number of Tropical Storms to Record High

Aug 06, 2020

The U.S. National Oceanic and Atmospheric Administration (NOAA) on Thursday predicted up to 16 more named tropical storms this year, to as many as 25, the highest in the agency's history.The 2020 Atlantic hurricane season, which began on June 1…

Current News

Saudi Aramco Maintains Plan to Boost Output Capacity

Petrofac, SOCAR JV Win BP Contract in Azerbaijan

Borr Drilling Names Schorn as CEO

Saudi Aramco's Profit Plunges, Sees Signs of Recovery

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