Offshore Regions News


New York Awards Offshore Wind Contracts

4 hours ago

New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo's ambitious plan to slash greenhouse gas emissions…

US Offshore Oil Production Down 19% after Barry

5 hours ago

U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…

Greece Creating Offshore Emergency Response Plan

10 hours ago

A new Emergency Response Plan for Greece's offshore hydrocarbon installations has been developed through cooperation between Hellenic Hydrocarbon Resources Management (HHRM) and Lloyd’s Register.The first draft of the plan, which sets the response…

Eni Allegedly Tried to Sway Witness in Nigeria

11 hours ago

Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case…

Aker Energy IPO May be in Late 2019 or 2020

11 hours ago

Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The company, controlled by Norwegian billionaire Kjell Inge Roekke…

Work Begins at Windfloat Atlantic

20 hours ago

Installation of the first turbine has started at the 25MW WindFloat Atlantic floating offshore wind farm off Portugal.The Windfloat Atlantic floating wind wind power project  belongs to the Windplus consortium, which is jointly owned by EDP Renováveis (54…

Woodside Q2 Revenue Slides 32%

Jul 17, 2019

Australia's Woodside Petroleum Ltd reported a 32% drop in second-quarter revenue on Thursday, the first decline in six quarters, as it was hit by an extension of planned maintenance at its Pluto liquefied natural gas facility and weaker prices…

Internet Outage Delays US Gulf Production Stats

Jul 17, 2019

Wednesday's data on offshore oil and gas production losses in the U.S. Gulf of Mexico has been delayed due to an internet outage at the U.S. drilling regulator's offices in New Orleans.The Bureau of Safety and Environmental Enforcement, which regularly compiles and publishes data on storm closings…

Santos Posts Record Production in Q2

Jul 17, 2019

Australia's No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.Production for the three months to June 30 rose to 18…

Premier Oil Cuts Operating Costs Forecast

Jul 17, 2019

Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…

Okea's Second-quarter Profit Rises

Jul 17, 2019

Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly report since its debut on the Oslo Stock Exchange.Company's earnings before interest, tax, debt and amortization (EBITDA) came in at 594 million crowns ($69…

Vietnam, China in South China Sea Standoff

Jul 17, 2019

Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…

Eni CEO Sues Lawyer for Defamation

Jul 17, 2019

The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…

Saipem to Build Floating Wind Farm in Saudi Arabia

Jul 17, 2019

Italian services company Saipem said it will design and built a 500 megawatt (MW) floating offshore wind farm in Saudi Arabia under a memorandum of understanding and exclusive agreement with Abu Dhabi based renewables solutions firm Plambeck Emirates…

Current News

McDermott Opens Subsea Center in London

Wild Well Upgrades Capping Stack Kit

A Boost for Africa’s P&A Market

New York Awards Offshore Wind Contracts

US Offshore Oil Production Down 19% after Barry

Greece Creating Offshore Emergency Response Plan

Eni Allegedly Tried to Sway Witness in Nigeria

Aker Energy IPO May be in Late 2019 or 2020

MAN Wins Chevron FEED Gig

Hibiscus Acquires North Sea Rights

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