Energy News

 

Oil Tank Platform Collapses, Oil Spills in Terrebonne Bay, Louisiana

Aug 09, 2022

The U.S. Coast Guard is responding to an oil spill after an oil tank platform collapsed at the Hilcorp Caillou Island facility in Terrebonne Bay, Louisiana, on Monday.Coast Guard Marine Safety Unit Houma personnel initially received a notification…

Saipem in Talks to End Its Arctic LNG 2 Projects in Russia

Aug 08, 2022

Saipem is in talks to end two contracts related to Russia's $21-billion Arctic LNG 2 project led by Moscow-listed gas producer Novatek NVTK.MM, the Italian energy services group said in its interim financial statement.Saipem said its backlog in Russia amounted to approximately 1…

Keppel Terminates Semi-sub Rig, Jack-up Rig, and Liftboat Orders as Clients Fail to Pay Up

Aug 08, 2022

Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore…

EMAR Offshore Services Buys Two Fast Crew Suppliers for Oil & Gas Work in Angola

Aug 08, 2022

Dutch maritime services firm EMAR Offshore Services has bought two Damen Fast Crew Suppliers (FCS) 2206 for an undisclosed fee.The first vessel, named E-Six, has already begun operations in Angola, supporting the local oil and gas industry, and will be joined by the E-Seven shortly…

Japan's Inpex Increases Full-year Profit Guidance on Stronger Oil, Gas Prices

Aug 08, 2022

Japan's biggest oil and gas explorer Inpex Corp on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support.A rapid recovery in demand…

Gallery: DolWin kappa Offshore Substation Sails Away

Aug 08, 2022

Dutch/German grid operator TenneT said Monday that the 900 MW offshore substation platform DolWin kappa had sailed away from the Dragados Offshore shipyard in Cádiz, Spain. 'TenneT will soon be reliably bringing even more green wind power from…

Enauta Set to Resume Production from Atlanta Field Offshore Brazil

Aug 08, 2022

Following a planned downtime, Brazilian oil company Enauta is set to resume production from its Atlanta oil field in the Santos Basin, offshore Brazil.The company said that the Atlanta Field’s scheduled downtime is expected to be concluded over the upcoming days…

Indonesia: Pertamina's H1 Oil, Gas Output Rises to 965,000 BOEPD

Aug 08, 2022

Indonesia's state energy company Pertamina's production of oil and gas stood at 965,000 barrels of oil equivalent per day (BOEPD), up from 850,000 BOEPD in the same period last year, the company said on Monday.Pertamina posted bigger production after boosting drilling activities…

Shell Delays Prelude LNG Maintenance Due to Industrial Action

Aug 08, 2022

Shell Plc said on Monday it is deferring planned maintenance work at the Prelude floating liquefied natural gas (FLNG) facility that was due to go ahead in September because of industrial action at the site off northwest Australia.'As a result…

Seaway 7 to Start Early Works on Moray West Offshore Wind Farm Cables

Aug 08, 2022

Seaway 7, a company specializing in offshore renewable energy installation services, said Monday it had signed a letter of award to start early work related to the installation of inter-array grid cables for the Moray West offshore wind farm in the UK North Sea…

Russia Ups Stakes in Sakhalin Energy Standoff in Sanctions Retaliation

Aug 05, 2022

Russia increased pressure on investors in its two Pacific energy projects which once helped Moscow rebuild its economy, blaming ExxonMobil for falling oil output at Sakhalin-1 and giving shareholders of Sakhalin-2 a month to claim their stakes…

Equinor Makes Move on Rosebank

Aug 05, 2022

Norwegian energy company Equinor has taken a step forward with its Rosebank project in the UK North Sea by submitting key environmental documents. An Environmental Impact Assessment was submitted to the UK's Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) on Thursday…

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…

KOTUG To Support Liza FPSOs Off Guyana

Aug 05, 2022

KOTUG's subsidiary KOTUG Guyana has been awarded a second contract by ExxonMobil affiliate Esso Exploration and Production Guyana to support operations in Guyana. KOTUG’s latest addition, the 120 tonnes bollard pull strong SD Honour, will join…

Sval Energi to Buy Suncor Norway for $410 million

Aug 05, 2022

Sval Energi has signed an agreement with Suncor Energy to acquire Suncor Energy Norge, adding 4000 barrels of oil equivalent and 19 million barrels of oil equivalent in reserves on the Norwegian Continental Shelf to its portfolio.The deal is worth about $410 million Canadian dollars…

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Norway to Outline Long-Term Oi

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