Offshore Activity - page 4

 

McDermott Bags 'Sizable' Offshore Decommissioning Contract with Santos in Australia

Nov 21, 2023

Offshore energy industry services firm McDermott said Tuesday it had secured a 'sizable' engineering, procurement, removal, and disposal contract from the Australian oil and gas firm Santos.McDermott defines a sizable contract as between USD $1 million and USD $50 million…

Norwegian October Oil and Gas Output Lags Forecasts

Nov 21, 2023

Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Natural gas production in October rose to 328…

Havfram Secures Loan for Offshore Wind Vessel Construction

Nov 21, 2023

Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China.  The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…

JDR Cable Systems Hits Milestones in in Subsea Cable Facility Construction

Nov 21, 2023

Subsea cable supplier and service provider JDR Cable Systems (JDR), a part of the TFK Group, said Tuesday it had achieved several significant milestones in the construction of its new £130 million state-of-the-art subsea cable manufacturing facility in Cambois…

Offshore P&A Firm Well-Safe Solutions Secures Multi-Year Deal with BP

Nov 21, 2023

Offshore well plug and abandonment specialist Well-Safe Solutions has agreed a global master agreement with BP lasting until at least September 2026, with two one-year contract extension options available.The agreement will see the well decommissioning company provide BP with project management…

Russia to Seek Compensation Over Nord Stream Blasts - RIA

Nov 21, 2023

Russia is waiting for the outcome of an investigation into the sabotage of the Nord Stream gas pipelines before making any request for compensation, the RIA state news agency cited a foreign ministry official as saying on Tuesday.The pipelines…

Serica Energy CFO Andy Bell to Step Down, Martin Copeland Named Successor

Nov 21, 2023

Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…

BW Energy Finalizes Takeover of FPSO from Saipem

Nov 21, 2023

Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem.The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil…

First Turbine Installed at South Fork Wind Off New York

Nov 20, 2023

The first turbine has been installed at the South Fork Wind Farm offshore New York, developer Ørsted announced on Monday.The first of South Fork Wind’s 12 Siemens Gamesa wind turbine generators was hoisted into place by the offshore construction team at the project site 35 miles off Montauk…

Denmark: IKM Ocean Team Scandinavia Inks Long-Term Deal with DUC for Offshore Facility Services

Nov 20, 2023

IKM Ocean Team Scandinavia has recently signed a contract with TotalEnergies EP Danmark and the Danish Underground Consortium for the supply of cleaning and process services.The contract starts on October 1, 2023, runs for five years firm, plus two one-year extension optinos…

Eni Suspends World Bank Arbitration in Nigeria Offshore Oilfield Dispute - Sources

Nov 20, 2023

Italy's Eni has temporarily halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the license from prospecting to mining, sources with direct knowledge of the matter told Reuters…

EODEX UK Clears 80+ Munitions at Offshore Wind Farm Site Quietly and without Explosions

Nov 20, 2023

Offshore disposal firm EODEX UK has informed that it has removed over 80 offshore munitions from the Moray Firth without high-order detonations.According to EODEX UK, detonations are widely attributed to be a key factor in mass stranding events – such as the Kyle of Durness in July 2011…

Jan De Nul Group Could Install 1000km Subsea Power Cable Between Egypt and Europe

Nov 20, 2023

Offshore installation contractor Jan De Nul Group said Monday it had signed an agreement with the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), to start the study for the construction of an undersea export cable between Egypt and Europe…

Shell Selects Subsea 7 for Decommissioning Project Offshore Brazil

Nov 20, 2023

Subsea 7 said Monday it had secured a sizable contract from Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense offshore Brazil.The FPSO is located at the Bijupirá and Salema fields of the Campos Basin…

Japanese Firms, Petronas to Set up CO2 Storage Off Malaysia by 2028 End

Nov 20, 2023

Japanese companies have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy firm Petronas, which should start holding its first carbon dioxide (CO2) emissions from the end of 2028, Japan Petroleum Exploration Co said on Monday…

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