Offshore Energy News - page 4

 

Five-year Floater Forecast Buoyant: Report

Nov 05, 2019

Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher…

MOL Purchases Azerbaijan ACG, BTC Pipeline Stakes

Nov 04, 2019

MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8…

Kosmos Strikes Oil Off Equatorial Guinea

Nov 03, 2019

American upstream oil company founded and based in Dallas Kosmos Energy made an offshore oil discovery in Equatorial Guinea, Reuters reported quoting the Ministry of Mines and Hydrocarbons.The S-5 well was drilled at a total depth of 4,400 meters…

Saudi Aramco Kick-starts IPO

Nov 03, 2019

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil…

Russian Oil Output Down in October

Nov 03, 2019

Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.The Organization of the Petroleum Exporting Countries…

Pecan Field Development Faces Delays

Nov 01, 2019

Aker Energy's planned development of an oilfield in Ghana faces delay due to a disagreement with authorities over regulations, Norwegian investment company Aker ASA said on Friday.Aker said in May it expected Ghanaian authorities to approve a $4…

Africa’s Boundary Rows Delay Offshore Projects

Oct 31, 2019

The International Court of Justice has delayed to early November the hearing of the maritime border dispute between Kenya and Somalia and hence delaying further the earlier approved offshore oil and gas exploration activities by both countries…

As Majors Eye Brazil's Deepwater, Smaller Firms Seize Opportunity

Oct 31, 2019

As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude…

Shell Buys Total's Stake in Brunei Block

Oct 30, 2019

Total said it has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell for $300 million.“This transaction…

U.S. NatGas Prices Near 25-year Low as Glut Weighs

Oct 30, 2019

In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas, but too much of it.A long…

Baker Hughes Profit Rises on Strong Foreign Demand

Oct 30, 2019

Baker Hughes Co reported a rise in quarterly adjusted profit on Wednesday, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.The company's results contrasted with…

Oilfield Services Firms Moving Beyond Oil

Oct 30, 2019

Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers…

BP Profits Fall 40%

Oct 29, 2019

BP's profits fell sharply in the third quarter, hurt by lower oil prices, but strong refining operations helped the company beat expectations even after taking a one-off $2.6 billion charge linked to asset sales.BP, like other big energy companies…

More Norwegian Fields to Receive Power from Shore

Oct 28, 2019

From 2022 the Johan Sverdrup field will supply the Gina Krog, Ivar Aasen and Edvard Grieg fields with power from shore. The area’s licence partners have recently agreed on maximizing the utilization of power from shore to the area by enabling…

Minesto Boosts Taiwanese Presence

Oct 28, 2019

Swedish marine energy developer Minesto AB has renewed the collaboration agreement with National Taiwan Ocean University (NTOU) to explore the potential for Minesto’s Deep Green technology in Taiwan.The renewed collaboration agreement with NTOU's…

Current News

U.S. Drillers Add Rigs for first Week in Eight

U.S. Drillers Add Rigs for first Week in Eight

S&P Cuts Tullow Oil's Credit Rating

S&P Cuts Tullow Oil's Credit Rating

Japanese Partners Buy into Sepetiba FPSO

Japanese Partners Buy into Sepetiba FPSO

DNO Makes Small Find Offshore Norway

DNO Makes Small Find Offshore Norway

Johan Castberg Oil to Export Direct to Market

Johan Castberg Oil to Export Direct to Market

Yothaka East-2 Sidetrack Disappoints

Yothaka East-2 Sidetrack Disappoints

Keppel Delivers Jackup Rig to Grupo R

Keppel Delivers Jackup Rig to Grupo R

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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