Offshore Activity - page 3

 

India's ONGC Willing to Wait to Regain Oil from Russian Project

Sep 20, 2023

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…

Non-Commercial Hydrocarbon Find at Velocette Offshore Exploration Well in Norway

Sep 20, 2023

OMV Norge, a Norwegian subsidiary of the Austrian oil firm OMV, has made a minor, non-commercial discovery at the Velocette offshore exploration well in Norway, Longboat JAPEX Norge, a partner in the PL1016 offshore license, has informed.The exploration well 6607/3-1 S in the Norwegian Sea…

Clean Energy Investing Loses Lustre Despite Climate Crisis: Maguire

Sep 20, 2023

Despite the heat waves, wildfires and floods that have amplified calls to accelerate the global energy transition away from fossil fuels, investors withdrew record funds from the world's largest clean energy investment vehicles so far this year…

Saudi PIF-backed ADES Prices IPO at Top End, Implying Over $4B Valuation

Sep 20, 2023

Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm.Reuters…

Exxon Pledges More Nigerian Oil Output - Presidential Spokesperson

Sep 20, 2023

Exxon Mobil Corp has pledged additional oil production of nearly 40,000 barrels per day in Nigeria in a new investment push in the country, a presidential spokesperson said on Tuesday, citing Exxon's president of global upstream operations.Nigerian…

Venezuela Protests Guyana's Auction of Offshore Oil Blocks

Sep 19, 2023

Venezuela's government on Tuesday criticized Guyana's offshore oil bidding round and said companies seeking up to eight blocks will not have rights to explore the maritime areas, which would be subject to international claims.Guyana and Venezuela…

TotalEnergies Hires Jack-up Rig for Fénix Project Drilling in Argentina

Sep 19, 2023

Offshore drilling company Noble Corp. said Tuesday it had won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina…

Octopus Energy Acquires Stake in Dutch Offshore Wind Farm

Sep 19, 2023

Britain's Octopus Energy has acquired a 10% stake in the Borssele III & IV offshore wind farm in the Dutch North Sea for an undisclosed sum, part of a wider $20 billion offshore wind investment plan, the company said on Tuesday.The wind farm…

Germany: Fraunhofer IWES Deploys Wind Lidar Buoys in North Sea to Boost Offshore Wind Expansion

Sep 19, 2023

The Fraunhofer Institute for Wind Energy Systems IWES in Germany has been contracted by the Federal Maritime and Hydrographic Agency of Germany (BSH) to carry out a preliminary meteorological investigation in the North Sea as part of the area development plan…

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms

Sep 19, 2023

The UK-based union Unite said Tuesday that around 85 offshore workers employed by Petrofac Facilities Management Limited are set to take strike action over six days on installations operated by Ithaca Energy.According to Unite, the dispute centers on Ithaca Energy’s fourteen-day 'clawback' policy…

Geological Connection to Namibia Sparks Offshore Oil Hope in Uruguay

Sep 19, 2023

Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters…

Offshore Decommissioning: Heerema Taps AF Gruppen for Heimdal Platform Work

Sep 19, 2023

Oslo-listed AF Gruppen (AFG) has received a letter of award for a contract from the Dutch offshore services firm Heerema Marine Contractors for the engineering and offshore hook-down preparation of Equinor’s Heimdal Main Platform in the Norwegian sector of the North Sea…

CRP Subsea to Supply Cable Protection System for Offshore Wind Farms in Taiwan

Sep 19, 2023

CRP Subsea, an AIS company, has been awarded a contract by Ørsted to provide NjordGuard, an integrated cable protection system, for the Greater Changhua 2b & 4 offshore wind farms in Taiwan. CRP Subsea will supply a total of 142 NjordGuard cable protection systems…

Aramco, Exxon CEOs Push Back against Forecasts of Peak Oil Demand

Sep 19, 2023

The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas…

Hibiscus Petroleum, Ithaca Energy, Caldera Unite to Develop Marigold Offshore Field

Sep 19, 2023

Malaysian oil and gas firm Hibiscus Petroleum has, via its UK North Sea subsidiary Anasuria Hibiscus UK, Ithaca Energy, and Caldera, entered into a unitization and unit operating agreement to jointly develop the Marigold field, about 250km northeast…

Current News

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

TotalEnergies to Talk about Namibia Oil Exploration, Share Buybacks

TotalEnergies to Talk about Namibia Oil Exploration, Share Buybacks

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

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