Offshore Regions News - page 753


Woodside, Trafigura Load First Carbon Offset Condensate Cargo at Pluto LNG

Mar 15, 2021

Australian oil and gas firm Woodside and its Pluto LNG joint venture partners have delivered their first cargo of carbon offset condensate to commodity trading company Trafigura.The cargo was loaded at Pluto LNG plant in Western Australia, which…

Ex-CEO of MHI Vestas Offshore Wind Joins Maersk Supply Service Board

Mar 15, 2021

Philippe Kavafyan, former CEO of offshore wind turbine maker MHI Vestas Offshore Wind has been appointed as new board member at the Danish offshore vessel operator Maersk Supply Service.'As former CEO of MHI Vestas Offshore Wind, Kavafyan comes…

Oil Prices: Brent Hits $70

Mar 15, 2021

Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed China's economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world's largest oil importer.Brent crude futures for May were steady at $69…

Guyana: Tullow Oil, Partners Keep Control Over Orinduik Offshore Block Until 2023

Mar 15, 2021

The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block…

Petronas, CNOOC to Collaborate on Cleaner Energy Solutions, LNG Bunkering

Mar 15, 2021

Malaysian oil company Petronas and China-based oil firm CNOOC, have signed a memorandum of understanding to 'pursue mutual growth through closer collaboration.''The MoU elevates the long-standing relationship between the two parties from primarily…

RWE Beefs Up Stake in UK Offshore Wind Farm

Mar 12, 2021

Renewable energy company RWE has increased its share in the Rampion offshore wind farm in the UK.The company said Friday it had taken over a further 20% stake in the wind farm from E.ON, meaning RWE, which has been the operator of the wind farm already…

VIDEO: Diverse Marine Delivers Offshore Wind CTV to Turner Iceni

Mar 12, 2021

UK-based workboat constructor Diverse Marine has delivered the offshore wind crew transfer vessel ‘Iceni Valour’ to Turner Iceni.'The vessel arrived successfully ahead of schedule in North Wales, to commence her 10-year charter in the Liverpool Bay area…

FAR to Sell Senegal Oil Field Stake to Woodside, as Lukoil, Remus Offers Incomplete

Mar 12, 2021

Australian oil and gas company FAR said Friday it would sell its stake in offshore blocks in Senegal to Woodside, subject to the approval of its shareholders, as proposed company takeover offers made by Remus and Lukoil were incomplete.To remind…

CHC to Acquire Babcock's Oil & Gas Helicopter Business

Mar 12, 2021

Offshore helicopter operator CHC has agreed to buy the oil and gas aviation business of Babcock.Babcock's oil and gas aviation business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia and is headquartered based in Aberdeen (UK)…

Awind Orders Two CSOVs from China Merchants Industry

Mar 11, 2021

Norwegian-based Awind said it has ordered a pair of hybrid-electric commissioning, service and operations vessels (CSOV) from China Merchants Industry in Hong Kong, with options for up to four additional vessels.Awind, a subsidiary of Awilco affiliate Integrated Wind Solutions AS (IWS)…

CNOOC Needs to Double Down on Drilling and Deals in Carbon-cutting Gas Pivot

Mar 11, 2021

A rapid rise in offshore drilling and deepwater gas extraction may seem an unlikely path to lower emissions, but are central planks of Chinese energy major CNOOC Ltd’s plan to help hit Beijing’s climate goals.While global peers like BP, Royal…

OGA: UK North Sea Flaring Dropped by 22% in 2020

Mar 11, 2021

Flaring in the UK North Sea dropped by 22% in 2020 compared to 2019, and as production facilities cut the overall volume to 33 billion cubic feet (bcf), a reduction which is roughly equivalent to the gas demand of 200,000 UK homes, the UK Oil and Gas Authority said Thursday…

GateHouse Maritime's Technology to Protect Baltic Sea Pipeline

Mar 11, 2021

Maritime analytics and data company GateHouse Maritime has won a contract with the Polish gas transmission system operator GAZ-SYSTEMS, to monitor traffic near the Baltic Pipe Project offshore pipeline in the Baltic Sea, making sure that vessels do not accidentally damage it…

Report: Nigeria Awards Tenders for 57 Marginal Oilfields

Mar 11, 2021

Nigeria's petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter told Reuters, which could net the government $500 million in signature bonuses.Provisional award letters…

Australia Gets Center for Oil and Gas Infrastructure Decommissioning

Mar 11, 2021

National Energy Resources Australia (NERA) has established what it calls The Centre of Decommissioning Australia (CODA), citing 'a much-needed collaborative effort to address the challenges and maximize the opportunities of decommissioning Australia’s aging oil and gas infrastructure…

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