Offshore Energy News - page 682

 

BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe

Nov 08, 2018

Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker…

Panoro Energy Buys OMV Tunisia

Nov 07, 2018

London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company…

GOIL to Partner in Exxon Deepwater Field

Nov 07, 2018

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil's deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday.The West African nation is receiving 'huge interest' from international and local…

Gabon Launches Offshore Exploration Round

Nov 07, 2018

Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…

Wind Blowing for Offshore Energy in Ireland

Nov 06, 2018

Ireland is the only country in the EU with a significant Atlantic coastline that is not currently developing offshore wind resources.Up to  1000MW of offshore wind resource in the Irish Sea is deliverable in the immediate future, with 3000MW additional potential there…

Deutsche Windtechnik Goes to Taiwan with Yunlin Deal

Nov 06, 2018

German wind turbine servicing company Deutsche Windtechnik AG said  it is creating a subsidiary in Taiwan where the company will service Wpd’s 640-MW Yunlin offshore wind farm upon completion.At the offshore wind farm Yunlin, Deutsche Windtechnik Co…

Kosmos Energy, Shell Form Alliance

Nov 05, 2018

Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where…

Brazil Oil Output Dips

Nov 05, 2018

Oil production in Brazil fell 5.9 percent in annual terms to an average of 2.486 million barrels per day, the nation's ANP oil regulator said on Monday.In a statement, the ANP said natural gas production fell 0.9 percent year-over-year to an average of 113 million cubic meters per day…

Fitch Warns: Shippers' Costs and Capex may Increase

Nov 04, 2018

More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies' operating costs and capex needs, says Fitch Ratings in a new report.'This may negatively affect their credit quality unless they manage to pass these costs to customers…

WindFloat Chosen for Kincardine Wind Farm

Nov 02, 2018

First power from the floating wind farm project offshore Kincardineshire, Scotland began flowing in September, clearing the way for the full 50 MW build-out of the project by 2020, Kincardine Offshore Windfarm Ltd. (KOWL) confirmed.Principle…

Hope on the Gulf of Mexico Horizon

Nov 02, 2018

The Gulf of Mexico’s offshore oil industry appears to be climbing out of the latest downturn.Based on rig counts, well numbers, permitting data and information about sanctioned and expected projects, IHS Markit’s Bob Fryklund, vice president for upstream energy…

3T Energy Group Buys Offshore Training Firm Survivex

Nov 02, 2018

Technology and training organization 3T Energy Group has acquired Aberdeen-based Survivex, an offshore oil and gas training specialist.Global technology and training organisation said in a press release that it has become the UK’s largest energy sector training provider after acquiring Survivex…

Pemex Likely to Launch Abkatun-A2 in April

Nov 01, 2018

Mexico's state-run Pemex is expected to start operating in April the largest offshore oil platform built in the country in a decade, which was constructed by McDermott International, an executive of the engineering firm said on Thursday.Pemex…

Orsted Lifts 2018 Outlook

Nov 01, 2018

Danish energy group Orsted posted third-quarter profit well above analyst expectations on Thursday and lifted its outlook for the year, in part thanks to the contribution from new offshore wind projects.Orsted now expects EBITDA for the year…

Shell CFO Sees Oil Industry Cost Inflation

Nov 01, 2018

Royal Dutch Shell Chief Financial Officer Jessica Uhl said on Wednesday wages and services costs in the oil and gas industry around the world have started rising following a deep downturn since 2014.'We are seeing wage inflation and inflation…

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