Offshore Energy News

 

Culzean Startup Expected Within Days

Jun 04, 2019

French energy group Total will start up the Culzean field in the British North Sea within days, the group's UK Exploration and Production Chief Jean-Luc Guiziou said on Tuesday, shortening the timeline for the project.Culzean, part of Total's acquisition of Maersk's oil and gas portfolio…

Norway: Strike Negotiations Go Past Deadline

Jun 03, 2019

Norwegian oil workers and their employers have extended their pay talks past a midnight deadline in a bid to avert a strike that would reduce the country's oil and gas output, negotiators said on Tuesday.The Lederne trade union has threatened to strike at offshore fields operated by Equinor…

Senegal: Opposition Wants BP Gas Deal Probe

Jun 03, 2019

A group of opposition politicians in Senegal called on Monday for an investigation of the history of two major offshore gas blocks run by BP after a report alleging fraud involving President Macky Sall's brother Aliou Sall.The British Broadcasting…

BP Sells Egypt Assets to Dragon Oil

Jun 03, 2019

BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…

Lukoil to Receive 50% in New Caspian Block

May 31, 2019

Russian oil company Lukoil is set to take a 50% stake under an agreement to develop a block on the Caspian sea, Interfax news agency quoted Kazakh state energy company Kazmunaigaz as saying on Friday.(Reporting by Anrdey Kuzmin Writing by Katya Golubkova; Editing by Susan Fenton)

Brazil Approves Petrobras Oilfields Sale

May 31, 2019

Brazilian antitrust regulator Cade has approved the purchase by independent oil firm PetroReconcavo of 34 oilfields owned by Petroleo Brasileiro SA , the government's official bulletin showed on Friday.Cade said the sale did not reduce competition…

Taiwan Wind Farms Fuel PF Boom

May 31, 2019

The promise of jumbo project financings arising from Taiwan’s ambitious push to develop offshore wind farms is beginning to hold true as a flurry of loans compete for liquidity among the island’s lenders.Financings totaling at least NT$155bn (US$4…

World's Largest Ocean Current Energy Project On

May 31, 2019

OceanBased Perpetual Energy has signed a Memorandum of Understanding (MoU) with Florida Atlantic University’s Southeast National Marine Renewable Energy Center (SNMREC) to assist the company to develop commercial ocean current energy project…

Total Plans to Produce at Absheron in 2021

May 30, 2019

French oil firm Total plans to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021 after getting positive results from the drilling of a first well, a senior company official told Reuters.The decision to start production at the field…

Lukoil 2020 Capex May Exceed $8 Bln

May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies…

South Africa Approves Azinam Offshore Farm-in

May 30, 2019

South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…

Norway Sets Deadline for Mature Area Licenses

May 29, 2019

Norway has asked oil firms to apply for exploration blocks in its so-called mature areas licensing round by August 27, with up to 90 blocks on offer, the Ministry of Oil and Energy said.In March, the ministry announced the predefined areas (APA) licensing round for 2019…

Eni Adds Blocks Offshore Mozambique

May 29, 2019

Eni announced Wednesday it has gained rights to explore and develop three deepwater offshore blocks offshore Mozambique.Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada and authorized by Mozambican institutions…

Neptune on Track for 155,000 Boed in 2019

May 29, 2019

Private equity-backed Neptune Energy expects output to slip to 155,000 barrels of oil equivalent per day (boed) this year, it said on Wednesday, as it reported operating cashflow of $362.3 million for the first quarter.It produced 162,000 boed…

Norway Oil Workers Threaten Strike

May 29, 2019

Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labour union said on Wednesday.A strike would hit seven offshore fields and at least two of those would have to shut production…

Current News

Dutch-Aussie Team Targets Safer Blade Lifting

Dutch-Aussie Team Targets Safer Blade Lifting

TechnipFMC Wins ConocoPhillips Award

TechnipFMC Wins ConocoPhillips Award

Orsted to Build NJ's First OWF

Orsted to Build NJ's First OWF

Azerbaijan Takes Delivery of Satti

Azerbaijan Takes Delivery of Satti

Oilfield Services Pricing Raises

Oilfield Services Pricing Raises

Aqualis completes Braemar Acquisition

Aqualis completes Braemar Acquisition

Teekay, Alpha Petroleum FPSO Deal Terminated

Teekay, Alpha Petroleum FPSO Deal Terminated

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week