Offshore Activity - page 6

 

Petrobras Finds Hydrocarbons in Aram Block, Offshore Brazil

Nov 19, 2021

Brazilian oil company Petrobras has said it has identified the presence of hydrocarbons in a pioneer well in the Aram block, in the Santos Basin pre-salt, offshore Brazil.The well 1-BRSA-1381-SPS (Curaçao) is located 240 km from the city of Santos…

Legal Background Behind New Nord Stream 2 License Demand

Nov 19, 2021

Germany's energy regulator has temporarily halted the certification process for the Nord Stream 2 gas pipeline, requiring the Swiss-based, Gazprom-led consortium behind the infrastructure to form a German subsidiary to secure a licence.Following…

Hydrogen's Many Colors

Nov 19, 2021

Industries including energy, steel, and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming.Although hydrogen is the most abundant element in the universe, it's very scarce as a gas…

Report: Petrobras to Raise Capex to $60-$70B in 2022-2026 Plan

Nov 19, 2021

Petroleo Brasileiro SA is expected to commit between $60 billion and $70 billion in capital expenditure (capex) in its next multi-year business plan as Brazil's state-controlled oil company focuses on exploration and production in subsalt areas…

Norway: Oil and Gas Output in October Exceed Forecasts

Nov 19, 2021

Norway's petroleum output in October rose from the previous month, exceeding official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output increased to 1.82 million barrels per day (bpd) in October from 1…

Magseis Fairfield in 4D OBN Survey in Gulf of Mexico

Nov 19, 2021

Oslo-listed offshore seismic data acquisition firm Magseis Fairfield has secured 4D Ocean Bottom Node (OBN) survey gig in the Gulf of Mexico from an undisclosed repeat client.The survey will be conducted with Magseis Fairfield’s ZXPLR technology…

Halfway There: DEME Offshore Installs 40th Foundation at Saint-Nazaire Offshore Wind Farm Site

Nov 19, 2021

Belgian offshore installation firm DEME Offshore has confirmed that the installation of foundations at the Saint-Nazaire offshore wind farm in France has reached a halfway point.The news follows DEME Offshore's previous announcement regarding…

Ithaca Energy Charters Solstad Offshore Platform Supplier

Nov 19, 2021

Norwegian offshore support vessel firm Solstad Offshore has secured a term contract for the platform supply vessel Far Symphony in the UK North Sea.The contract is with the UKCS-focused oil and gas company Ithaca Energy.Under the charter, the platform supplier…

Offshore Energy Tech Firm Ashtead Technology Goes Public

Nov 19, 2021

Ashtead Technology, a UK-based offshore energy services and technology company, announced Thursday that it had received strong support from new institutional investors and will begin trading on the London Stock Exchange's Alternative Investment Market on Tuesday…

FPSO Compressor Fault Affects Pharos' Vietnam Output. Infill Drilling Campaign Complete

Nov 18, 2021

Pharos Energy plc, an oil and gas exploration and production company, with an interest in the TGT field offshore Vietnam, has completed the first phase of the infill development drilling program at the field, however, it has also experienced a setback with an FPSO compressor…

TechnipFMC to Become Shareholder in Tidal Power Firm Orbital

Nov 18, 2021

Scottish floating tidal turbine developer Orbital Marine Power has entered a strategic partnership with offshore energy services giant TechnipFMC ( to speed up the global commercialization of Orbital’s tidal energy technology. TechnipFMC will also become a shareholder in Orbital…

ExxonMobil Books Stena Forth Drillship for Canada Offshore Well

Nov 18, 2021

U.S. oil major ExxonMobil has awarded a drilling contract to drilling contractor Stena Drilling for the Stena Forth drillship.ExxonMobil will use the drilling rig for operations offshore Eastern Canada, in the second half of 2022. The contract is for one firm well…

Asian Countries Looking to Release Oil Reserves after U.S. Request

Nov 18, 2021

The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices.The U.S. move reflects frustration…

Shell Joins Another Irish Floating Wind Project

Nov 18, 2021

Oil major Shell will acquire a 51% share of Simply Blue Group's Western Star venture, which seeks to develop a floating wind farm off the Clare coast in Ireland. The deal follows a similar arrangement earlier this year to jointly develop the…

Chevron, Exxon Among Top Spenders at Biden Offshore Auction

Nov 18, 2021

U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers…

Current News

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Lebanon Re-launches Second Offshore Oil and Gas Round

Lebanon Re-launches Second Offshore Oil and Gas Round

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

U.S. Interior Department Set to Release Federal Oil Leasing Review

U.S. Interior Department Set to Release Federal Oil Leasing Review

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