Offshore Activity - page 3

 

Equinor Makes Light Oil Discovery in Norwegian Sea

Oct 26, 2021

Norwegian oil and gas company Equinor has made an oil and gas discovery at its Egyptian Vulture offshore well in the Norwegian Sea, off Norway.Equinor's partner Longboat Energy said the exploration well 6407/1-9 in the Norwegian Sea encountered…

Offshore Plug and Abandonment Alliance Launched in Norway

Oct 26, 2021

Offshore drilling contractor Odfjell Drilling has said that its business divisions Odfjell Energy and Odfjell Well Services have launched a plug and abandonment (“P&A”) and slot recovery alliance with leading companies within the energy industry…

Transaction Drag: UK Regulator Launches Probe into $1B Exxon, NEO North Sea Deal

Oct 26, 2021

The UK oil and gas industry regulator Oil and Gas Authority (OGA) has opened an investigation into the proposed sale by ExxonMobil of 13 producing fields, specifically Elgin Franklin, to NEO, amid concerns it is not progressing as quickly as expected…

Vestas: Construction of Wind Turbines for Japanese Project Nearly Complete

Oct 26, 2021

Danish wind turbine maker Vestas has said it has completed the construction of all the blades, nacelles, and most of the tower sections for Akita Offshore Wind Corporation's Akita Noshiro offshore wind farm project in Japan.The project will be Japan's first utility-scale offshore wind farm…

Wintershall Dea Q3 Earnings More than Double on Higher Prices, Spending cuts

Oct 26, 2021

Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…

Neptune Energy Starts Drilling Production Wells at Fenja Field. First Oil in 1H 2023

Oct 26, 2021

Oil and gas company Neptune Energy has started drilling the first of four production wells on the Fenja field in the Norwegian Sea.The wells are being drilled by the Deepsea Yantai semi-submersible rig, owned by CIMC, and operated by Odfjell Drilling…

Petrofac Looking to Raise $275M to Pay for Bribery Penalty, Cut Debt

Oct 26, 2021

British oil services firm Petrofac Ltd said on Tuesday it planned to raise $275 million through a stock sale and use the funds to pay a fine for bribery-related offences and cut debt, sending its shares tumbling 23%.The company forecast annual…

Aberdeen Selects BP as Hydrogen Hub Partner

Oct 25, 2021

Aberdeen City Council on Monday announced BP as its preferred bidder for a commercial partnership for hydrogen hub development 'which will accelerate the city’s ambitions to become a world-class hydrogen hub.'Following a tender process that began in June…

Dana Petroleum Books Island Drilling Offshore Rig for UKCS Well

Oct 25, 2021

Oil and gas company Dana Petroleum has awarded Island Drilling a one-well drilling contract for the offshore drilling rig Island Innovator.The contract for the 6th generation harsh environment drilling rig will start in April 2022.  Dana has…

Brent Crude Prices Hits Highest Since October 2018

Oct 25, 2021

Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.Brent crude futures rose by 97 cents…

Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says

Oct 25, 2021

ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…

UK: EnQuest Acquires Suncor's Stake in Golden Eagle Offshore Area

Oct 25, 2021

Oil and gas company EnQuest has completed the acquisition of a 26.69% stake in the Golden Eagle Area Development in the UK North Sea.The agreement, where EnQuest agreed to buy the Golden Eagle stake from Canada's Suncor Energy, was first announced in February…

Lamprell to Convert BW Energy's Jack-Up Rig into Production Unit

Oct 25, 2021

Lamprell, a company building large structures for the offshore energy industry, has won a rig conversion contract with the Oslo-listed oil and gas company BW Energy (BWE).The scope of work involves the conversion of BWE’s Hibiscus Alpha jack-up rig into an offshore production facility…

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

Oct 25, 2021

QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday.The deal marks QatarEnergy’s first foray into offshore exploration in Canada, the company said in a statement…

ExxonMobil Looking to Buy Into ONGC's Deepwater Fields Offshore India

Oct 25, 2021

Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deepwater fields of Indian explorer Oil and Natural Gas Corp, oil secretary Tarun Kapoor said on Friday.India, the world's third-biggest oil importer, and consumer…

Current News

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Well Disruption at Indonesia's Merakes Offshore Gas Field to Affect Output for 6 months

Eidesvik Offshore CEO to Retire after 16 Years in Position

Eidesvik Offshore CEO to Retire after 16 Years in Position

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