Offshore Energy News - page 393

 

Offshore Wind Turbine Maker Siemens Gamesa Posts Quarterly Loss

Jul 30, 2021

Wind turbine maker Siemens Gamesa posted a loss for the three months to June on Friday and confirmed a warning it made earlier this month that its profit margin could be negative over the full year.The world's biggest maker of the huge offshore generators…

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Jul 30, 2021

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners…

Pharos Wraps Seismic Survey Off Vietnam. Eyes Drilling Partner

Jul 30, 2021

Pharos Energy said Thursday it had completed its 3D seismic program on the western part of Block 125 in the Phu Khanh Basin, 'the last unexplored frontier offshore Vietnam.' The company hopes the data will help it attract a drilling partner…

Kent Acquires Majority of SNC-Lavalin's Oil and Gas Business

Jul 30, 2021

Bluewater-backed energy services firm Kent, formerly known as Kentech, has completed the acquisition of the majority of SNC-Lavalin’s oil and gas division, with a minority portion to follow at a later date. 'The Company now harnesses the strength…

Nigerian Offshore Oil Graft Case: Appeals Filed After Acquittal of Eni and Shell

Jul 29, 2021

Italian prosecutors and the Nigerian government have appealed the acquittal of Eni and Shell, as well as a series of past and present managers, in a Nigerian corruption case, according to a document seen by Reuters.In March, a Milan court acquitted…

Shell's 2Q Profit Jumps to Two-year High

Jul 29, 2021

Royal Dutch Shell boosted its dividend and launched a $2 billion share buyback program on Thursday after a sharp rise in oil and gas prices drove second-quarter profits to their highest in more than two years.As profits across the industry recovered…

BOEM Seeks Public Input on Offshore Wind Areas off California

Jul 29, 2021

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has moved a step forward towards advancing the federal wind leasing process offshore California.BOEM said Wednesday it would publish a Call for Information and Nominations…

Canada to Offer up to $4.1Bn to Debt-ridden Newfoundland

Jul 29, 2021

Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province's fiscal plight, Prime Minister Justin Trudeau said on Wednesday…

Transocean Reels In Two Deepwater Drillship Deals in Gulf of Mexico

Jul 29, 2021

Offshore drilling firm Transocean said Wednesday it had secured contracts for two offshore drilling rigs in the Gulf of Mexico. The contracts are worth $55.5 million in total.Transocean said that its Deepwater Conqueror drillship had won a one-well contract with 'a major operator' in the U…

Nexans' Cable for World's First Harsh-environment Floating Solar Plant

Jul 28, 2021

Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…

Norway: Neptune Energy Gets Green Light to Start Up Duva Offshore Field

Jul 28, 2021

The Norwegian oil and gas authorities have approved the start-up of the Neptune Energy-operated Duva field in the North Sea.Neptune Energy estimates the reserves at around 71 million barrels of oil equivalent to be at the field.The Duva oil…

Gallery: Heerema's 'Thialf' Installs Cassia C Platform for BP Offshore Trinidad

Jul 28, 2021

Offshore installation company Heerema Marine Contractors has completed the installation of BP's Cassia Compression (Cassia C) platform in Trinidad and Tobago.Heerema brought the Cassia Compression structures on July 15 from the Altamira fabrication yard…

Methane Leak Rate from Mexico's Oil & Gas Ops 'Alarming' for Climate Change

Jul 28, 2021

Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.Invisible and odorless but much more harmful than carbon dioxide…

UK's Support of North Sea Oil and Gas Producers Challenged in Court

Jul 28, 2021

The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…

Equinor's 2Q Profit Rises

Jul 28, 2021

Norway's Equinor posted a sharp increase in second-quarter profit on Wednesday as prices of oil and gas rose, but its earnings fell short of expectations as its Norwegian unit missed forecasts.Adjusted earnings before tax rose to $4.64 billion…

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