Offshore Regions News


Van Oord Wins Cable Install Work

Sep 18, 2019

Van Oord said it has been awarded the contract by Ørsted for the cable installation works at the Greater Changhua 1 & 2a offshore wind farms located between 35 and 60 kilometers off the west coast of Changhua County, Taiwan.Van Oord is responsible for the transportation…

Wood Lands Martin Linge Deal

Sep 18, 2019

Wood said it will deliver brownfield modifications services to Equinor’s Martin Linge offshore installation on the Norwegian Continental Shelf (NCS).Awarded under an existing framework agreed in 2016, Wood has been appointed as the main contractor for maintenance…

Cooper Awarded Otway Basin Exploration Permit

Sep 17, 2019

Cooper Energy said it has been awarded the offshore exploration permit VIC/P76 located in the Otway Basin, offshore Victoria.VIC/P76 comprises an area of 162 square kilometers in water depths ranging from 60 meters to 70 meters. Commercial gas discoveries surround the permit…

Campeche Survey Underway

Sep 17, 2019

A new 5,080-square-kilometer wide-azimuth (WAZ) multiclient survey has commenced in the Salina del Istmo Basin in the Gulf of Mexico Bay of Campeche, providing the first 3D coverage over this shallow-water target area that includes the recent Zama-1 discovery…

P-68 FPSO Ready for Deployment

Sep 17, 2019

The newbuild P-68 floating production, storage and offloading vessel (FPSO) has left the shipyard and will be deployed to the ultra-deepwater Berbigão and Sururu fields in Brazil’s Santos Basin, builder Sembcorp Marine announced.The vessel was…

Baltim South West Gas Field Starts Production

Sep 17, 2019

Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online…

Saudi Aramco Pursues IPO Planning Despite Attack

Sep 17, 2019

Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…

Equinor Finds Gas in the Norwegian Sea

Sep 17, 2019

Norway's Equinor has discovered a gas field in its Eagle prospect in the Norwegian Sea, the energy company said on Tuesday, adding that it plans to extract resources via existing platforms in the areaThe company discovered the gas field along with Norwegian partners Aker BP and Wellesley Petroleum…

FPSO & IPO: Growth of an Operator

Sep 17, 2019

As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…

Utgard Comes on Stream

Sep 17, 2019

Norwegian energy company Equinor said it has started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. Recoverable resources are estimated at around 40 million barrels of oil equivalent (boe) and daily production on plateau will be around 43…

Ashtead Supports Subsea Template Installs

Sep 16, 2019

Subsea equipment solutions specialist Ashtead Technology said it has completed a subsea installation monitoring project for Ocean Installer AS in Equinor’s Askeladd and Johan Castberg fields in the Northern Norwegian Sea.The contract saw Ashtead…

Norway Mulls Blocking Prosafe's Floatel Acquisition

Sep 16, 2019

The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…

Oil Soars 10%

Sep 16, 2019

Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…

Tullow to Drill at Least 3 New Guyana Wells in 2020

Sep 16, 2019

Tullow Oil plans to drill three or more oil exploration wells in Guyana next year, Chief Executive Officer Paul McDade said on Monday after the firm's second oil discovery in the country.Following the Jethro-1 discovery last month, London-listed…

Current News

First Subsea to Cover Formosa 1

Oceaneering Wins Umbilicals Job Off India

Equinor Picks Stowen for Sheringham Shoal

Ørsted Picks Hellenic Cables for UK Projects

Solstad Offshore Sells AHTS Vessel

Van Oord Wins Cable Install Work

An Integrated Offering

ExxonMobil Looks to Sell Australian Assets

Wood Lands Martin Linge Deal

Engineered Polymer Solutions for Offshore

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