Offshore Activity - page 4

 

Indonesia Cuts Oil and Gas Production Targets

Oct 19, 2021

Indonesia has cut its oil and gas production targets for this year, officials at industry regulator SKK Migas told reporters on Tuesday, as the coronavirus pandemic impacted new projects.The oil lifting target for 2021 was cut to 665,000 barrels per day (bpd) from an earlier target of 705…

Talos Energy, TechnipFMC Working on CCS Solutions for U.S. Market

Oct 19, 2021

U.S.-based oil and gas company Talos Energy has partnered up with oilfield services firm TechnipFMC to develop and deliver technical and commercial solutions to Carbon Capture and Storage ('CCS') projects along the United States Gulf Coast.'The…

World's Largest: Kincardine Floating Wind Farm Fully Operational

Oct 19, 2021

Kincardine floating offshore wind farm, located 15 km off the coast of Aberdeenshire, is now fully operational, Principle Power, a company that designed the 50MW wind farm's semi-submersible foundations, said Tuesday.The project, the world's largest of the type…

UK Rolls Out Green Energy Carpet for Global Investors

Oct 19, 2021

Britain said it had attracted nearly 10 billion pounds ($13.72 billion) from global investors to fund its green regeneration agenda, as it hosted an investment summit involving 200 of the world's top financiers and executives.The summit marks post-Brexit Britain's biggest push to woo investors…

Wave Energy Firm Opens Aberdeen Office to Meet Demand from Oil & Gas Industry

Oct 19, 2021

Wave energy firm Mocean Energy said Tuesday it has opened a new dedicated office in Aberdeen to meet rising oil and gas industry interest in the decarbonization of North Sea assets.The Edinburgh-based firm is working to develop a wave energy…

UK Fossil Fuel Dilemma in the Spotlight as Climate Talks Near

Oct 19, 2021

Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.How Britain charts a course to achieve net-zero emissions…

Iberdrola to Splash $8.24B on Giant Offshore Wind Farm Project in North Sea

Oct 19, 2021

Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday.Iberdrola said in a statement it would foot the bill for the East Anglia Hub site…

Incident Reported During Construction of Seaway 7's Alfa Lift Vessel in China

Oct 18, 2021

Update: The article was updated on Wednesday, October 10, to include a statement by the crane manufacturer Liebherr.Offshore wind installation company Seaway 7 said Monday there had been an incident during the construction of its Alfa Lift offshore wind foundation installation vessel…

Equinor, BP JV Picks Vestas' Giant 15MW Turbines for New York Offshore Wind Projects

Oct 18, 2021

Offshore wind turbine maker will deliver its giant 15MW wind turbines for Equinor and BP joint venture's offshore wind farms in New York.Vestas said Monday that, Empire Offshore Wind, a joint venture between Equinor and BP,  had named it as the preferred turbine supplier for the 2…

U.S. Coast Guard Boards Containership in Connection to California Pipeline Oil Spill

Oct 18, 2021

The U.S. Coast Guard boarded a container ship on Saturday in the Port of Long Beach that dragged its anchor close to a subsea pipeline found to be the source of an oil spill off Orange County, California, it said in a press release.The spill released some 3…

Aker BP Gets Drilling Permit for Lyderhorn East Offshore Well

Oct 18, 2021

Norwegian oil firm Aker BP has received a drilling permit for an exploration well to be drilled in the North Sea, offshore Norway.The well 24/12-7 - known as Lyderhorn East prospect -  is located in the production license 1041. It will be drilled…

Northern Drilling Cancels Another Drillship Order with DSME

Oct 18, 2021

Billionaire John Fredriksen-owned offshore drilling company Northern Drilling has canceled another drillship order with South Korea's Daewoo Shipbuilding & Marine Engineering.After canceling the order for the West Aquila drillship in August…

"THE RIG" - Saudi Arabia Launches Offshore Platform Inspired Tourism & Entertainment Project

Oct 17, 2021

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of 'THE RIG', which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed…

Esgian: Seadrill’s Fleet Value Plunges

Oct 15, 2021

Seadrill’s creditors are now the proud owners of 24 offshore rigs. The most important question for them: what are they worth? Esgian's Hans Jacob Bassoe writes.Earlier this year, Seadrill filed for chapter 11 for the second time since 2017 and…

RockRose Takes Over SSE's UK North Sea Gas Fields

Oct 15, 2021

Viaro Energy's subsidiary RockRose has completed the acquisition of several producing assets in the UK North Sea from SSE for £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million).RockRose acquired…

Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

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