Offshore Europe News

Norway's Yme Field Start-up Could Face More Delays

Aug 14, 2020

Production start-up from Repsol-operated Yme oil field in the North Sea offshore Norway might be delayed further, Repsol's Polish partner Lotos said.First, Repsol had in February said that the start of production would be delayed until the second…

Rosneft Returns to 2Q Profit. Oil output Drops 13%

Aug 14, 2020

Russia's largest oil producer Rosneft made a second-quarter profit of 43 billion roubles after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday.Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin…

Greek, Turkish Warships in 'Mini-Collision' Amid Mediterranean Exploration Dispute

Aug 14, 2020

A Greek and a Turkish warship were involved in a mini-collision on Wednesday during a standoff in the eastern Mediterranean, a Greek defense source said, describing it as an 'accident'.Tensions have risen this week after Turkey sent a survey vessel to the region…

Equinor Gets Green Light to Use Odfjell Rig for Gullfaks Drilling

Aug 14, 2020

Norwegian energy company Equinor has been given consent to use the Deepsea Atlantic offshore drilling rig on the Gullfaks field in the North Sea, offshore Norway.Equinor will use Odfjell Drilling's semi-submersible drilling rig for production…

TGS Disappointed by PGS' Rejection

Aug 14, 2020

Norwegian oil and gas seismic data supplier TGS is disappointed with the decision by rival company PGS to reject its $600 million offer for its multi-client library.TGS had earlier this month offered to acquire PGS' multi-client data for $600 million…

PGS Rejects TGS' 'Opportunistic' $600M Offer for Seismic Data Library

Aug 13, 2020

Norwegian offshore seismic surveyor PGS has rejected a $600 million offer to sell its multi-client library to compatriot and rival TGS, deeming it opportunistic, given the dire situation for seismic data companies caused by low oil prices.In an unsolicited…

Norway's Offshore Safety Regulator Targeted by Phishing Attack

Aug 13, 2020

The Norwegian offshore oil and gas safety watchdog Petroleum Safety Authority Norway has been a target of a phishing attack.Per, phishing is a cybercrime in which a target or targets are contacted by email, telephone or text message…

DOF Subsea Scores Multiple Vessel Charters in Atlantic Region

Aug 13, 2020

Norwegian offshore support vessel owner DOF Subsea has said it has won several new contracts for survey, inspection, maintenance & repair, and decommissioning. 'A selection of the vessels in the DOF Subsea fleet shall be deployed to undertake the work…

RWE Wants CfDs for German Offshore Wind

Aug 13, 2020

German utility RWE supports the introduction of contracts for difference (CfDs) to spur growth in the country's offshore wind sector, chief finance office Markus Krebber said during a call with reporters on Thursday.Germany's upper house of parliament backs such an internationally proven mechanism…

BP: No Plans to Sell Azeri Offshore Fields Despite Renewables Push

Aug 13, 2020

British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables, Bakhtiyar Aslanbayli, BP's vice president for Azerbaijan, Georgia, and Turkey, said.Sources…

Ocean Installer Charters Solstad's Construction Support Vessel

Aug 13, 2020

Norwegian offshore installation company Ocean Installer has awarded Solstad Offshore a contract for the Normand Vision construction support vessel.Solstad Offshore said Thursday that the contract would start in the first quarter [of 2020] and the firm and optional periods cover the majority of 2021…

RWE to Sell Stake in Humber Gateway Offshore Wind Farm?

Aug 13, 2020

RWE aims to sell a minority stake in British offshore wind farm Humber Gateway, as the German utility seeks to release cash for expansion in renewable energy, two people familiar with the matter said.Morgan Stanley plans to launch the deal, which could value the asset at more than 1…

Wintershall Dea: Dvalin Drilling Completed Ahead of First Gas

Aug 12, 2020

Oil and gas company Wintershall DEA has said that the four-well drilling campaign has been completed on the Dvalin field in the Norwegian Sea, moving the project into the final development phase before first gas.Dvalin is a subsea tieback in…

Orsted Looking to Farm Down Stake in Borssele 1 & 2 Offshore Wind Project

Aug 12, 2020

Danish wind farm developer Orsted is exploring opportunities to sell parts of its Borssele 1 and Borssele 2 offshore wind farms in the Netherlands, CEO Henrik Poulsen said in a call with investors on Wednesday.'We are exploring the potential…

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