Offshore Energy News - page 2

 

Oil Price Reaches Multi-year High Above $86, Then Pulls Back

Oct 21, 2021

Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched.Helping to drive the latest gain, a supply report from the U…

Neptune Energy Backs World Bank's Zero Routine Flaring Initiative

Oct 21, 2021

Oil and gas company Neptune Energy on Thursday endorsed the World Bank’s Zero Routine Flaring by 2030 initiative.The initiative brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030…

GMS Bags Work for Two Jack-ups

Oct 21, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.The contract is due to start at the end of December 2021…

Woodside Slashes Gas Reserves Estimate for Two Offshore Fields

Oct 21, 2021

Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…

Petrobras Posts Mixed Third-quarter Production Figures

Oct 20, 2021

Brazil's Petrobras posted mixed production figures on Wednesday as the state-run oil company ramps up output at some major oilfields while also jettisoning a number of legacy production assets as part of a wider divestment drive.In a securities filing…

UK Gov't to Support Two CCUS Clusters. Scottish Cluster Left as 'Reserve'

Oct 20, 2021

The UK Government has selected two industrial clusters as Track-1 clusters for the development of carbon capture utilization and storage projects, putting them on course for launch by the mid-2020s with financial support from the government…

TotalEnergies Charters Vroon Platform Supplier for UK Ops

Oct 20, 2021

Oil and gas company TotalEnergies E&P UK has recently chartered Vroon Offshore's platform supply vessel for a period of one year. The platform supplier will be supporting operations at Total’s North Sea assets. The new charter follows on from…

Norway's Sept Oil, Gas Output Drop but Beat Forecast

Oct 20, 2021

Norway's petroleum output in September fell from the previous month, but exceeded official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.Crude oil output declined to 1.77 million barrels per day (bpd) in September from 1…

SeaMade: Belgium's Largest Offshore Wind Farm Inaugurated

Oct 20, 2021

Belgium's largest offshore wind farm, the 487MW SeaMade that can power 500,000 Belgian households, has now been officially inaugurated.The news of the inauguration was shared Wednesday by Ocean Winds, a joint venture created by EDP Renewables and ENGIE (50:50)…

Chevron Books Edda Fides Accommodation Vessel for Wheatstone Work

Oct 20, 2021

Oil and gas company Chevron has chartered Edda Accommodation's Edda Fides offshore accommodation unit for operations support in Australia, starting in the second quarter of 2022.Currently on a charter with Norway's Equinor, mono-hull vessel…

Baker Hughes Profit Misses Estimates

Oct 20, 2021

Oilfield firm Baker Hughes Co reported a quarterly profit that fell short of Wall Street expectations on Wednesday, sending its shares down sharply in pre-market trading.Oil producers and service firms are expected to be supported by a rebound…

Fugro Nets 2-Year Remote Support Deal Offshore India

Oct 20, 2021

Fugro has won a two-year contract with India's marine service firm OCS Services to support its asset integrity and corrosion management operations off the west coast of India.Fugro said Tuesday it would help OCS deliver on ONGC’s Protective Coating of Process Platform Project 1 (PCPP1)…

Greens Co-leader: Germany Must Resist Russian 'Blackmail' over Nord Stream 2 Pipeline

Oct 20, 2021

The co-leader of Germany's Green Party accused Russian 'blackmail' of causing high energy prices across Europe, saying Moscow is trying to leverage Germany to allow the Nord Stream 2 Baltic gas pipeline to begin operations.The remarks by Annalena Baerbock…

JPMorgan to Buy Controlling Stake in Falck Renewables for $1.8B

Oct 20, 2021

Italy's Falck family will sell its controlling stake in Falck Renewables to a JPMorgan-owned infrastructure fund for 1.5 billion euros ($1.8 bln), the company said on Wednesday.Under the agreement, Infrastructure Investment Fund (IIF), which is run by JP Morgan Investment Management…

RWE to Invest $21B in Green Energy in Britain by 2030

Oct 20, 2021

RWE, Germany's largest power producer, said on Tuesday it expects its investment in green technologies and infrastructure in Britain to reach 15 billion pounds ($21 billion) by 2030.That includes the already announced 5 billion pounds RWE is…

Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

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