Energy News

 

Valaris Nets 540-Day Offshore Drilling Deal with Equinor in Brazil

Jul 05, 2022

Norwegian oil and gas company Equinor has awarded the drilling contractor Valaris a 540-day drilling contract for the Valaris DS-17 drillship. The offshore drilling contract is for operations in Brazil and is scheduled to start in 2023.Under…

Norway's OSM Maritime Buys New Zealand's Kingston Offshore Services

Jul 05, 2022

Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. 'The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania…

DNV Supports Belgium's Renewable Energy Island Project

Jul 05, 2022

DNV, the independent energy expert and assurance provider, is supporting Belgium's transmission operator Elia to bring forward the construction of the artificial energy island, a large new offshore renewable energy conversion and transmission plant…

THREE60 Energy Buys Fraser Well Management

Jul 05, 2022

UK-based energy services firm THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management.'The acquisition leads THREE60 Energy to become one of only two companies that can undertake the role as outsourced duty holder (installation operator)…

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted

Jul 05, 2022

Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel…

Brazil: Enauta Starts Scheduled Downtime at Atlanta Offshore Oil Field

Jul 05, 2022

Brazilian oil company Enauta has started a scheduled downtime of its Atlanta field in the Santos Basin, offshore Brazil.Enauta said that the downtime was in compliance with the Brazilian Ministry of Labor’s normative requirements, as well as to prepare the FPSO to be re-certified by DNV…

UK: The Crown Estate Identifies 5 Areas of Search to for Future Celtic Sea Floating Wind Farms

Jul 05, 2022

The Crown Estate for England, Wales, and Northern Ireland said Monday said Tuesday it had identified, and released a map of five broad ‘Areas of Search’ for the development of 4GW of floating offshore wind in the Celtic Sea by 2035.'These areas…

RWE, Hellenic Petroleum Partner Up to Build Offshore Wind Farms in Greece

Jul 05, 2022

RWE and Hellenic Petroleum Holdings have agreed to collaborate on the development, construction and operation of offshore wind farms off the Greek coast. Greece, which doesn't have any offshore wind farms installed at the moment, has set a 2…

wpd Opts for Siemens Gamesa Wind Turbines for Gennaker Offshore Project

Jul 05, 2022

Offshore wind turbine maker Siemens Gamesa has signed a master supply agreement with the wind farm developer wpd for the 927-MW Gennaker offshore wind farm.Located in the Baltic Sea, 15 km off the German coast, the project is intended to feature…

Dragon Oil Extends Turkmenistan Production Partnership in $1B Deal

Jul 05, 2022

Dubai-based Dragon Oil signed a $1 billion deal to renew its production partnership in Turkmenistan with state-owned Turkmen Oil for 10 years after the current contract expires in May 2025, the United Arab Emirates state news agency WAM said on Monday…

Twelve Bodies Recovered From Waters Off Hong Kong After Typhoon Chaba Sinks Ship

Jul 04, 2022

Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said.Maritime authorities of the southern province…

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Jul 04, 2022

Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security…

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Jul 04, 2022

Norwegian offshore workers will likely go on strike on Tuesday in an industrial action that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.'As it stands now…

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Jul 04, 2022

Teekay Corporation has found a new home for its Sevan Hummingbird FPSO following its recent departure from the Chestnut field in the UK North Sea, after 13 years of production there for Centrica's Spirit Energy. The cylindrical FPSO has been…

Norway Greenlights Increased Gas Production at Several Offshore Fields

Jul 04, 2022

Norway's oil ministry on Monday said it had approved adjusted production permits for six offshore fields but that would not change the expected amount of gas Norway would export in 2022.The Nordic country expects to sell some 122 billion cubic meters of gas this year…

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