Offshore Energy News - page 445

 

Russian Pipe-laying Vessel Moors at Nord Stream 2 Hub in Germany

May 18, 2020

A Russian pipe-laying vessel Academic Cherskiy which Moscow can use to finish laying pipes for the Nord Stream 2 gas project, has moored near the German logistics hub in Mukran, Refinitiv Eikon tracking data showed on Monday.Led by the state gas company Gazprom…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

May 18, 2020

The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4…

Delek Looking to Sell Karish & Tanin Royalty Rights

May 18, 2020

Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering.Delek said it planned to sign a 300 million shekel ($85 million) deal…

Jotun's Coatings for Deepsea Stavanger Rig

May 18, 2020

Marine coatings specialist Jotun is taking part in the preparation of Odfjell Drilling's Deepsea Stavanger drilling rig for operations in the challenging environment offshore South Africa.Jotun said Monday it was working with Odfjell Drilling…

McDermott Nets 'Sizeable' Offshore Platform Design Deal in Middle East

May 18, 2020

Offshore engineering and construction company McDermott has said it has been given 'a sizeable' contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.McDermott, which didn't say who the client was…

Equinor Drills Dry Well in North Sea

May 18, 2020

Norway's oil and gas company Equinor has completed the drilling of the exploration well 35/10-6 in the North Sea, offshore Norway. According to the Norwegian Petroleum Directorate, the well is dry.Equinor drilled the well around 20 kilometers…

Fred. Olsen Installs Final Turbine at Trianel Windpark Borkum II

May 18, 2020

Fred. Olsen Windcarrier’s jack-up vessel Blue Tern on Sunday installed the final turbine at Trianel Windpark Borkum II offshore wind farm in Germany.'The last big components were installed Saturday, and final bolt and nut Sunday early morning…

OWC Sets Up Shop in Japan

May 18, 2020

International offshore wind consultancy and advisory firm OWC (Offshore Wind Consultants) has said it will set up an office in Tokyo to support the fast-growing offshore wind market in Japan.'The Japanese government has announced big ambitions…

Drydocks World Starts Bokalift 2 Conversion for Boskalis

May 18, 2020

Dubai's Drydocks World shipyard has started construction of the offshore wind installation vessel for the Dutch company Boskalis.Drydocks World held a steel-cutting ceremony on Monday to mark the start of production on a conversion project for Boskalis B…

Qatar Petroleum to Acquire Share in Total's Ivory Coast Offshore Blocks

May 18, 2020

Qatari-state owned oil and gas company Qatar Petroleum has signed a farm-in deal with France's Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore Ivory Coast.The two blocks cover an area of approximately 3…

ODE Selected as Duty Holder at Babbage Platform

May 18, 2020

Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea.'This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)…

DOF in Standstill Agreement with Lenders

May 18, 2020

Norwegian offshore support and subsea service vessel owners DOF and DOF Subsea have reached stand-still agreements with lenders representing to 93% secured debt of DOF companies. The agreement means all payments of principal and interest to…

Total Backs Out of Oxy's Ghana Assets Acquisition

May 18, 2020

French oil major Total is pulling out of the agreed acquisition of Occidental Petroleum's Ghana assets.The two companies in 2019 signed a deal whereby Total was to acquire all of the assets of Anadarko in Africa for about $8.8 billion, following the completion of Oxy's takeover of Anadarko…

PGS Gearing Up for Three New Surveys Offshore Canada

May 18, 2020

Norway's PGS has said it will carry out three new seismic surveys off the east coast of Canada this summer, using its Ramform Atlas and the Ramform Titan vessels.PGS said Monday that the new surveys, Blomidon, South Bank, and Torngat Extension…

Lundin Cuts 2020 Oil Output Goal, Raises Long-term Target

May 18, 2020

Lundin Energy has cut its 2020 oil and gas output target after Norway's decision to reduce production along with OPEC+ producers, the Swedish company said on Monday.The company has a 20% stake in the Equinor-operated Johan Sverdrup field, which reached phase-one plateau output of 470…

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