Energy News

 

Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

Nov 16, 2020

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production…

OPEC+ Starts Talks to Weigh Further Steps to Support Oil Market

Nov 16, 2020

The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave of coronavirus weighs on demand and prices.OPEC and allies led by Russia…

Aker Solutions Launches Call to Action to Speed Up Energy Transition

Nov 16, 2020

Norwegian offshore energy services firm Aker Solutions, which last week merged with Kvaerner, on Monday launched a campaign aimed at speeding up 'the transition to sustainable energy production.'The company, which has 15,000 employees around the world…

Sapura Energy Wins E&C and Drilling Deals Worth $148,4M

Nov 16, 2020

Malaysia's Sapura Energy has, via its engineering & construction and drilling subsidiaries, recently won contracts worth RM611 million (around 148,4 million).Sapura Energy Berhad (“Sapura Energy' or the “Company”) is pleased to announce that…

Fugro, NYK to Provide Geotechnical Services for Offshore Wind Sector in Japan

Nov 16, 2020

Dutch-based Fugro and Japan's NYK Group have signed a memorandum of understanding to provide offshore geotechnical services in Japan.The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects…

Modec Takes Delivery of Carioca MV30 FPSO

Nov 13, 2020

Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec.The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…

CorPower Secures 10-year Marine License in Portugal for Wave Energy Project

Nov 13, 2020

CorPower Ocean, a Sweden-based developer of wave energy converters, has secured a 10-year license marine license in Portugal.The company said the license provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the coast of Aguçadoura in northern Portugal…

Woodmac: 2-degree Pathway Could Lead to 65% Drop in Upstream Gas Investments

Nov 13, 2020

Energy intelligence group Wood Mackenzie has said that a world on a 2-degree celsius pathway could significantly reduce upstream gas investments - by 65% through to 2040.To remind, countries that signed the famous Paris Agreement in 2016, committed…

Report: OPEC+ Oil Output Cuts Compliance at 101 Pct

Nov 13, 2020

The compliance of OPEC+ with oil production cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday, maintaining a strong level of adherence to their supply-cut pact.The compliance assessment will be reviewed and confirmed…

DOF Subsea Names Acting CFO

Nov 13, 2020

Norwegian subsea support vessel owner DOF Subsea has appointed Martin Lundberg as Acting Chief Financial Officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group. The appointment is effective from January 1…

Japanese Oil Firm Cuts Profit Guidance. Wants to Become 'Leader' in Offshore Wind

Nov 13, 2020

Japanese oil firm Cosmo Energy Holdings on Thursday cut its net profit estimate for the year to March 31 by 41%, blaming a hefty appraisal loss on its crude inventories and slumping prices of petrochemicals.It now forecasts an annual net profit of 8…

Karoon Takes Over Bauna Field from Petrobras

Nov 13, 2020

Australian oil and gas firm Karoon Energy has this week completed the acquisition of a 100% operating interest in the BM-S-40 offshore concession in Brazil from Petrobras.The offshore block in the Santos Basin contains the producing Baúna oil field and undeveloped Patola discovery…

UK Fraud Office Secures Assets Linked to Brazilian Bribery Scandal

Nov 13, 2020

The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's 'Operation Car Wash', the country's biggest bribery investigation that began in 2014…

Chrysaor Takes Skandi Aukra PSV on Long-term Charter

Nov 13, 2020

Norwegian offshore support vessel operator DOF Group has secured a long-term contract for its Skandi Aukra platform supply vessel.The vessel has been chartered by the UK North Sea operator Chrysaor. The charter will begin in December 2020, in direct continuation of its current contract…

"Hundreds of Jobs" - Equinor Picks Port of Albany for Offshore Wind Tower Making Facility

Nov 13, 2020

Norwegian energy company Equinor has proposed the Port of Albany, in upstate New York, as the first offshore wind tower manufacturing facility in the  U.S.'Developed jointly with leading wind industry manufacturers Marmen and Welcon, Equinor…

Current News

Mozambique Unaware of Total, Exxon Offshore Resource Sharing Talks

Mozambique Unaware of Total, Exxon Offshore Resource Sharing Talks

European Commission Approves Vestas, Mitsubishi Offshore Wind Deal

European Commission Approves Vestas, Mitsubishi Offshore Wind Deal

Strike Could Hit Norway's Gas Exports, Close Offshore Fields

Strike Could Hit Norway's Gas Exports, Close Offshore Fields

Piriou Designs New Cable Layer

Piriou Designs New Cable Layer

Subscribe for OE Digital E‑News

Offshore Engineer Magazine