Offshore Regions News - page 743


Total Won't Stop Gas Production in Myanmar. Says Abandoning Offshore Field Would Hurt Workers, Cities

Apr 05, 2021

French oil and gas group Total said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.Total…

Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargo

Apr 05, 2021

State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…

The U.S. Sets Ambitious Offshore Wind Targets – What Will It Take to Meet Them?

Apr 05, 2021

The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…

Petrobras Suspends MODEC from Bidding for FPSO Projects

Apr 05, 2021

Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but…

HydraWell Nets P&A Work at PSE Kinsale Energy's Decom Project in Ireland

Apr 05, 2021

PSE Kinsale Energy, a Petronas subsidiary working to decommission its Kinsale area offshore gas fields in Ireland, has awarded a contract to HydraWell to support the project.PSE Kinsale Energy last July said that the Kinsale area offshore gas…

Petronas Declares Force Majeure on Offshore Field in Myanmar

Apr 05, 2021

Malaysia's state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production.The decision came after challenges that resulted in the production rate…

Malaysia, Brunei Formalize Unitization Deal for Two Offshore Fields

Apr 05, 2021

Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of  Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…

Ready Your Salad Fork for Biden’s Offshore Energy Plans

Apr 01, 2021

In Antony and Cleopatra, Shakespeare coined the phrase “salad days” to mean a youthful time filled with unbridled enthusiasm and idealism. Indeed, youth, much like salad, is often raw, flavorful and most of all… green. Therefore, it is fitting…

Vineyard Wind Taps DEME to Install Wind Turbines off US East Coast

Apr 01, 2021

U.S. offshore wind developer Vineyard Wind has contracted Belgium-based DEME for the offshore transport and installation of the wind turbine generators for the first largescale offshore wind installation in the United States.DEME's U.S. arm…

Three60 Energy Wins Contract with OMV in Norway

Apr 01, 2021

UK-based oilfield services company Three60 Energy has been awarded a new framework agreement with Austria-based oil and gas company OMV for the provision of services in Norway.The agreement, which is in place for five years with options for extension…

Mozambique: Ferry Carrying Survivors from Deadly Militant Attack on Gas Town Arrives in Pemba

Apr 01, 2021

A boat carrying more than 1,000 survivors of a highly organized, deadly attack by Islamic State-linked insurgents in northern Mozambique arrived in the port of Pemba on Thursday, a Reuters reporter and a diplomatic source said.Aid workers were…

Tailwind Energy Buys Decipher Energy

Apr 01, 2021

UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…

Gulf Marine Services Strikes New Debt Deal with Banks

Apr 01, 2021

Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Apr 01, 2021

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…

Merkel Ally Calls for Moratorium on Nord Stream 2 Construction

Apr 01, 2021

Germany's coordinator for transatlantic relations called on Wednesday for a moratorium on the construction of the Nord Stream 2 natural gas pipeline from Russia to Europe, breaking ranks with many in Chancellor Angela Merkel's government.The United States is opposed to the project…

Current News

North Sea Boulevard on Maasvlakte Reopens After TenneT Offshore Wind Cable Installation

Orsted Sells 55% Stake in Taiwan Offshore Wind Farm to Cathay

Sperra Seaworks, Bardex to Advance Floating Construction Station for UK Offshore Wind

Aphrodite Gas Field off Cyprus Advances as Partners Approve FEED Phase

Subscribe for OE Digital E‑News