Offshore Energy News - page 4

 

Nord Stream 2 Pipelaying Vessel Nears Project Hub

Oct 26, 2020

Russian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday.According to the ship tracking data…

ConocoPhillips Hires Prosafe Flotel for 2022 Work in Norway

Oct 26, 2020

Offshore accommodation rig provider Prosafe said Monday it has won a contract to supply one of its flotels for work with ConocoPhillips in Norway.Prosafe, which has this year seen its fleet utilization decimated due to the pandemic, said ConocoPhillips'…

Offshore Driller Launches "Wide range of cost-cutting measures"

Oct 26, 2020

The UK-based offshore drilling company Awilco Drilling on Monday said it would launch a 'wide range of cost-cutting measures,' citing a newbuild rig contract termination and delay in construction and start-up of another rig.'Awilco Drilling…

Saudi Energy Minister: We Should Look at All Options to Cut Emissions, Not Get Rid of Oil, Gas

Oct 26, 2020

Saudi Arabia's energy minister said on Monday the world should be looking at all options to mitigate emissions of greenhouse gases in its fight against climate change, but that getting rid of oil and gas would be 'far-fetched and unrealistic'…

Singapore: Keppel O&M, EMA Award Grant for Floating Energy Storage System Pilot

Oct 26, 2020

Singapore's Energy Market Authority (EMA) and Keppel Offshore & Marine have jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System (ESS). This project was awarded to a consortium led by Envision Digital International Pte Ltd (Envision Digital)…

PHOTO: Heerema Installs P11-Unity Platform

Oct 26, 2020

Dutch offshore installation services firm Heerema Marine Contractors has installed one of the world's smallest offshore gas platforms using its Sleipnir semi-submersible crane vessel - which is the world's largest -  in the Dutch sector of the North Sea…

PGS, TGS and WesternGeco Score Multi-year Seismic Deal with Petronas

Oct 26, 2020

Malaysian oil company Petronas has awarded a multi-year offshore seismic data acquisition and processing contract to a consortium comprising TGS, PGS, and WesternGeco.The multi-year contract is for the acquisition and processing of up to 105…

Fire-hit Hammerfest LNG Will be Shut for Up to a Year, Equinor Says

Oct 26, 2020

Norwegian oil company Equinor said Monday that its LNG plant, damaged in a fire on September 28, would be closed for up to a year for repairs.To remind, Equinor earlier this month said it expected to resume operations at the plant that processes…

BP Leads New UK North Sea CCS Consortium

Oct 26, 2020

Oil major BP said Monday it had, together with Eni, Equinor, Shell, Total, and National Grid, formed a partnership to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea.'This ‎infrastructure will…

Pacific Drilling Can't Appeal Samsung Drillship Case Ruling

Oct 23, 2020

Offshore drilling contractor Pacific Drilling can't appeal the ruling under which it was in January ordered to pay $320 million to Samsung Heavy Industry for a 2015 drillship order cancellation.Pacific Drilling had placed the order for the Pacific…

Equinor Gets Clearance to Drill Barents Sea Wildcat

Oct 23, 2020

Norwegian energy giant Equinor has received approval to drill a wildcat well in the production license 960, in the Barents Sea, off Norway.Equinor will use Seadrill's 2008-built West Hercules semi-submersible drilling rig to drill the offshore well 7018/5-1 at the Spissa prospect…

Bangladesh Cancels LNG Import Tender over High Prices

Oct 23, 2020

Bangladesh is canceling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.The offer from the Asian unit of Vitol to supply 138…

Ørsted's North America CEO Joins Shell's Renewables Division

Oct 23, 2020

Royal Dutch Shell has hired Ørsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday.Shell is cutting around a tenth of its workforce…

BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

Oct 23, 2020

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…

Brazil: Karoon Gets ANP Approval to Take Over Bauna Field

Oct 23, 2020

Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…

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