Offshore Energy News - page 395

 

Valaris Drops BOP-Stack to Seafloor Offshore Angola

Mar 11, 2020

Offshore drilling contractor Valaris has informed that one of its drillships has been involved in an incident that included the accidental dropping of a Blowout Preventer Stack to the seafloor of Angola. The incident might cost the company the drilling contract…

Norwegian Oil Regulator Restricts Visits on Coronavirus Fears

Mar 11, 2020

Norway's oil and gas industry regulator has introduced restrictions with regard to the presence in its offices for persons who have been in areas with the prolonged spread of coronavirus.'If you have been in these areas during the last 14 days…

Petronas Selling Two Offshore Units at Online Marketplace

Mar 11, 2020

AllSurplus, an online auction marketplace owned by Liquidity Services, is currently marketing two offshore production units from Petronas in a private treaty sale.The company said Tuesday that the two assets are 30,000 BFPD Self-Elevating Mobile…

Oil Crash Makes Wind Power Firm Nordics' Biggest Energy Company

Mar 11, 2020

The oil price crash has led to Danish offshore wind developer Orsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor…

UK: OGA Halts North Sea Licensing Rounds

Mar 11, 2020

Britain's Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year, it said on Tuesday.'The OGA have temporarily paused Licence Round activity... There will be no Round in 2020/21…

Coronavirus Case Confirmed on Equinor's Offshore Project in Norway

Mar 11, 2020

One person has tested positive on the coronavirus at Equinor's Martin Linge offshore platform in the Norwegian Part of the North Sea.'The person is not seriously ill. Equinor is in dialogue with the Norwegian health authorities about further measures…

BP Taps TechnipFMC for Platina Field Subsea Hardware

Mar 10, 2020

Oilfield services firm TechnipFMC has said it won a 'significant' integrated engineering, procurement, construction, and installation contract from BP in Angola. For Technip - 'significant' contract is between $75 million and $250 million.Under the contract…

Global Offshore Nets Kincardine Floating Wind Farm Work

Mar 10, 2020

Offshore cable installation specialist Global Offshore has received a contract for cable installation and burial at the Kincardine Floating Offshore Wind Farm for Spanish developer and construction company Grupo Cobra.Global offshore will use the cable installation vessel the Normand Clipper…

Saudi Decision Will See Oil Markets Take a Bath

Mar 10, 2020

A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies InternationalThe optimism that was very much present in the offshore market at the turn of the year has ebbed away with the spread and impact of COVID-19…

Cairn Ups Kraken Reserves Estimate

Mar 10, 2020

Cairn Energy on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owened by EnQuest, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago. Cairn, which owns 30% of Kraken…

ABB Power & Control for Japan's Wind Turbine Installation Vessel

Mar 10, 2020

ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp…

CNOOC Pondering Internal Merger for Gas, Power Unit

Mar 10, 2020

China National Offshore Oil and Gas Corp (CNOOC) is set to inject its struggling natural gas terminal and power unit into its flagship listed vehicle CNOOC Ltd, three senior sources with knowledge of the matter said. The plan for the internal merger…

'Brutal' Cost Cuts May be Ahead for Oil Industry

Mar 10, 2020

Oil and gas companies might be heading for another round of 'brutal' cost cuts in the wake of the oil price crash caused by coronavirus outbreak and Saudi-Russia stand-off on output cuts.Wood Mackenzie’s Tom Ellacott said: “The price collapse…

DNV GL Awards 'First of its Kind' Floating Solar Certificate

Mar 09, 2020

Global classification society DNV GL has awarded a conformity statement to Norwegian solar energy company Ocean Sun for its floating solar design methodology.The conformity statement is the first of its kind and was issued following a thorough…

TenneT Secures EIB Loan for Offshore Wind Power Line

Mar 09, 2020

The European Investment Bank (EIB) has agreed to lend 250 million euros to the electricity transmission company TenneT for the western section of TenneT’s “Zuidwest 380 kV” project. According to the bank's statement, the project will enable…

Current News

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UK North Sea Oil Producers See Shares Drop after Windfall Tax News

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Enauta's Atlanta FPSO to Be Operated Under ABS Class

Enauta's Atlanta FPSO to Be Operated Under ABS Class

Oil Plus Wins Produced Water Projects Off Qatar

Oil Plus Wins Produced Water Projects Off Qatar

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