Offshore Energy News - page 684

 

NKT Bags Johan Sverdrup Phase 2 Cabling Work

Oct 09, 2018

The Danish cable manufacturer NKT has received a letter of award by Equinor Energy AS to supply and install a cable system of 200 kilometres of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in Norway…

Equinor Trims Project Outlay Off Norway

Oct 08, 2018

Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities.This appears…

GoM Offshore Platforms Evacuated Ahead of Hurricane

Oct 08, 2018

Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and…

Eni to Acquire Half of BP's Libya Oil and Gas Assets

Oct 08, 2018

Italy's Eni has agreed to buy half of BP's 85 percent stake in a Libyan oil and gas licence with the aim of resuming exploration next year, the companies said on Monday.Eni will acquire the 42.5 percent stake and become the operator of the exploration…

Norway to Spend More Looking for O&G Near Russian Border

Oct 08, 2018

Norway plans to step up spending on looking for oil and gas in the northern Barents Sea close to its border with Russia, the country's 2019 budget showed on Monday.The government has proposed to allocate an extra 50 million Norwegian crowns ($6…

Baker Hughes Acquires 5% of ADNOC Drilling for $550 Mln

Oct 08, 2018

Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.Baker Hughes (BHGE) becomes the first foreign…

Beach Energy Sells Stake In Otway Assets

Oct 08, 2018

Australian Oil and gas explorer Beach Energy said it will sell a 40 percent stake in its Victorian Otway gas assets for USD 243 million, and trimmed its earnings and production guidance.Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty…

Petrobras Repays 2 Bln Real Loan, Opens Fresh Credit Line

Oct 05, 2018

Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.The…

Experts Laud India’s 30 GW Offshore Wind Target

Oct 05, 2018

The top global experts have been lauding India’s 30 GW offshore wind industry target by 2030 in a session titled ‘A Leap Into Offshore’ was held in India on 3rd October, 2018 and moderated by Steve Sawyer, Secretary General, Global Wind Energy Council (GWEC)…

Cyprus Invites Bids to Explore for Offshore Gas

Oct 05, 2018

The government of Cyprus has invited companies to bid on a new energy exploration zone off the coast of Cyprus, said a report in Kathimerini News.The country decided to only permit energy companies already part of the Cypriot Exclusive Economic Zone to bid on the project…

Vattenfall Opts Great Yarmouth Base for Offshore Wind Farms

Oct 05, 2018

The Swedish energy group Vattenfall and the infrastructure specialists Peel Ports have agreed to reserve space at Great Yarmouth harbour to site an operations base for two major offshore wind farms.Economic leaders described the move as a big…

IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market

Oct 04, 2018

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…

IEA boss urges oil producers to ease supply concerns

Oct 04, 2018

Major oil producers must take 'the right steps' to ease supply concerns that have lifted crude prices to a four year-high, the head of the International Energy Agency told Reuters on Thursday.'It is now high time for all the players, especially those key producers and oil exporters…

Norway's Goliat Oilfield to Restart by Friday

Oct 04, 2018

Oil production at Eni's Arctic Goliat field off the coast of Norway will restart by Friday following maintenance, the company told Reuters on Thursday.The restart had originally been planned for Oct. 1, but Eni extended the outage to carry out…

Lundin Acquires Equinor's Luno II Stake

Oct 04, 2018

Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…

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