Offshore Energy News - page 2

 

South Africa: Azinam, Panoro Enter Africa Energy's Offshore Block 2B

Apr 20, 2021

Oil companies Azinam and Panoro Energy have completed their previously announced acquisitions of stakes in Block 2B offshore South Africa, e containing the A-J1 oil discovery from 1988,  from Africa Energy Corp.Azinam has taken 50 percent and will become the operator…

Maersk Decom Launches Free Offshore Decommissioning Cost Calculator

Apr 20, 2021

Denmark-based Maersk Decom said Tuesday it has designed a free cost calculating tool for benchmarking decommissioning projects in the North Sea.'Maersk Decom’s cost calculator is the first free tool in the industry, enabling stakeholders to…

Carnarvon Wraps Buffalo Farm-Out. Drilling to Start in Late 2021

Apr 20, 2021

Australian oil and gas companies Carnarvon Petroleum and Advance Energy have completed the Buffalo oil field farm-out agreement as all the necessary conditions have been met.Carnarvon in December 2020 announced that Advance Energy would acquire 50% of the Buffalo project in the Timor Sea…

Norway's March Oil and Gas Output Slightly Below Expectation

Apr 20, 2021

Norway's oil and gas production slightly lagged official expectations in March, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output fell 1.1% from February to 1.773 million barrels per day (bpd) in March…

DEME, JDR to Deliver Export Cable for French Floating Wind Farm

Apr 20, 2021

Belgian offshore installation firm DEME has, via its French branch SDI, secured an engineering, procurement, construction, and installation contract for an export cable that will connect the Leucate Floating offshore wind farm to the power grid…

ExxonMobil Floats $100 Billion Carbon Storage Project

Apr 19, 2021

ExxonMobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in reservoirs under the Gulf of Mexico.The plan would…

VIDEO: After Modest 2020, the Years 2021 and 2022 Could Be 'Pretty Good' for FPS Orders

Apr 19, 2021

There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV…

Amazon's Latest Renewables Push Includes 350MW Offshore Wind Farm in Scotland

Apr 19, 2021

Amazon on Monday announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK, including an investment in a 350 MW offshore wind farm in Scotland.'The company now has 206 renewable energy projects globally…

Nigeria Sweetens Energy Reform Bill to Attract more Big Oil Cash

Apr 19, 2021

Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.The…

Equinor Urges Shareholders to Reject Activist's Emissions Targets Proposal

Apr 19, 2021

Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products.The majority state-owned company has pledged to boost investment in renewables…

CNOOC's Glengorm South Well Fails to Deliver

Apr 19, 2021

Chinese oil company CNOOC has failed to unearth commercial quantities of hydrocarbons at the Glengorm South well in the UK North Sea.Energean, a partner in the Glengorm project, said Thursday that 'the Glengorm South appraisal well contained no commercial hydrocarbons…

Keppel in Talks with Petrobras to Build FPSO for Buzios Field

Apr 19, 2021

Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil.In a statement on Friday, responding to an article by Upstream Daily News…

Offshore Lighting Solutions Firm Glamox Buys Luminell

Apr 19, 2021

Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market…

Cooper Energy Charters Helix's Q7000 Rig for P&A in Australia

Apr 19, 2021

Australian oil and gas company Cooper Energy has hired Helix Energy Solutions' Q7000 light well intervention offshore rig, to support decommissioning work at the company's Basker, Manta and Gummy (BMG) fields in the Gippsland Basin, off Australia…

Petrobras Confirms Luna as New CEO, Names New Division Heads

Apr 19, 2021

The board of Petrobras has elected four career executives to head up key company divisions rather than bringing in more outsiders, Brazil's state-controlled oil company said on Friday, confirming news previously reported by Reuters.The board of directors of Petroleo Brasileiro SA…

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