Offshore Energy News

 

Shell Opts for Subsea Compression on Ormen Lange Phase 3

Jan 21, 2019

Norske Shell, the Norwegian subsidiary of Royal Dutch Shell, announced it has decided to go with subsea compression as a concept for the Ormen Lange Phase 3 to increase the recovery rate from the reservoir.'This is an important choice, where we have evaluated a number of alternative concepts…

Schottel Merges Tidal Units to Sustainable Marine Energy

Jan 20, 2019

Schottel, the manufacturer of propulsion and steering systems for ships and offshore applications, has made a strategic decision to merge its tidal energy businesses into Sustainable Marine Energy (SME), including UK subsidiary TidalStream Ltd…

Equinor Pushes Shore Power, Cuts CO2

Jan 20, 2019

Norwegian oil major Equinor said that NorSea opened a shore power supply station at the Dusavik supply base in Stavanger, Norway, on January 18.'The base is the latest in a string of supply bases where vessels operating on Equinor contracts…

Global Gas Output Hit Record in a Decade in 2018

Jan 20, 2019

The oil and gas industry achieved a net production increase of 164bn cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy.“Year-on-year growth was clearly driven by North America…

Bahrain's First LNG Terminal Ready for Business

Jan 19, 2019

Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG) floating unit arrived in the Gulf this week as the country gets ready for its maiden imports of the super-chilled fuel this year…

Norway Awards 15 Exploration Licences to Lundin Petroleum

Jan 17, 2019

Europe’s independent oil and gas exploration and production company Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway has been awarded a total of 15 exploration licence interests in the 2018 Norwegian licensing round (Awards in Predefined Areas…

Total Seeks Exit from Dutch Upstream

Jan 15, 2019

Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant's exit from Dutch upstream production after 55 years, industry and banking sources said.The Paris-based company hired investment…

Access to Pipelines Curbing Norway Forecast

Jan 15, 2019

The latest communique out of Norway to indicate the return of “good times” offshore also warns that post-2014 short-termism may have contributed to conditions requiring, ironically, more haste to keep production from plummeting by 2025.Noting 2018’s higher exploration well count (53 vs…

Norway Awards Record Number of Exploration Blocks

Jan 15, 2019

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack…

OMV Increases Wisting Volumes

Jan 15, 2019

Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…

Shell Joins Dutch Pension Fund to Bid for Eneco

Jan 15, 2019

British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable energy projects and worth an estimated USD 3…

Three Nominated to Petrobras Board

Jan 14, 2019

Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.The nominees are Eduardo Bacellar Ferreira…

Viking Link Between UK and Denmark Gets Green Signal

Jan 14, 2019

Viking Link, an electricity link between Denmark and the UK has been given the green light by the government. The  a proposed 473-mile (761km) electricity cable between Bicker Fen, near Boston, and Revsing, in southern Jutland.The cable running from the Lincolnshire coast to Denmark…

Bahrain, ENI Join Forces for Offshore Exploration

Jan 14, 2019

National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) and ENI signed a Memorandum of Understanding (MoU) to pursue petroleum exploration of Block 1, an offshore area of over 2,800 sqkm still largely unexplored, located in the northern…

PetroVietnam: Maritime Tensions Weigh on Operations

Jan 11, 2019

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year…

Current News

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Equinor to Explore off Australia

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Sakhalin: Offshore Heavy Lift Refit

Neptune Energy to Present Plan for Norway Fields

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