Offshore Energy News - page 453

 

BP Lowers Oil Outlook. Expects to Take up to $17.5B Writedown

Jun 15, 2020

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels…

Helicopter Operator NHV Clinches 5-Year Deal with Ithaca Energy

Jun 15, 2020

Belgium-based offshore helicopter provider NHV Group has signed a five-year contract extension with North Sea-focused oil company Ithaca Energy.The contract is for the provision of aviation services to the Ithaca Energy Group’s operated FPF-1 installation…

Vår Energi Takes Jotun FPSO Ashore for Upgrades

Jun 15, 2020

Norwegian oil company Vår Energi is taking the Jotun FPSO ashore for upgrades, as part of a project designed to extend the life of the Balder Area in the Norwegian part of the North Sea.The FPSO, which has been producing oil from the Jotun field in the North Sea since 1999…

Bulgaria: Repsol Transfers Offshore Block Rights to Total, OMV

Jun 15, 2020

Bulgaria has granted Spain's Repsol permission to transfer 30% of the rights to explore a block off its Black Sea coastline for gas and oil to the other two rights holders.After the transfer, a unit of French oil company Total would hold 57…

Global Offshore's Pre-Lay Plough Passes Kriegers Flak Test with Flying Colors

Jun 15, 2020

Offshore services provider Global Offshore, has completed its first phase of work at Vattenfall’s Danish Kriegers Flak offshore wind farm site offshore Denmark, using its new pre-lay plough. The company's plough PLP240 was used for boulder clearance and pre-cut trenching…

Offshore Oil Producer Fieldwood Energy Sued over $19.2M Bond Collateral

Jun 15, 2020

Offshore oil producer Fieldwood Energy on Thursday was sued by an insurance provider for allegedly failing to post $19.2 million in collateral for performance bonds, according to a Texas state court filing.Aspen American Insurance Company issued the bonds roughly two years ago…

Norway Opens Two Areas for Offshore Wind in the North Sea

Jun 12, 2020

Norway has opened two areas for offshore wind power developments in the North Sea, including one along its maritime border with Denmark, the energy ministry said on Friday.Western Europe's largest oil and gas producer generates most of its electricity from hydropower and normally has a surplus…

Saitec, BiMEP to Test Floating Wind Foundation Off Spain

Jun 12, 2020

Saitec Offshore Technologies and the open sea test site Biscay Marine Energy Platform (BiMEP) have signed a contract to install Saitec's floating wind foundation off the coast of the Bilbao area in the North of Spain as part of the project named DemoSATH…

Neptune Gets License to Drill Wildcat Duo Off Norway

Jun 12, 2020

Neptune Energy has secured a regulatory consent to drill two wildcat wells at the Dugong prospect in the North Sea, offshore Norway.The consent, granted by the Norwegian Petroleum Directorate, concerns the drilling of wells 34/4-15 S and 34/4-15 A…

Seafox's Push to Appoint Directors to GMS Board Rejected

Jun 12, 2020

Dutch offshore jack-up company Seafox has had its push to appoint two directors to the board of the UAE-based jack-up provider Gulf Marine Services, rejected.Seafox, a shareholder at GMS, on Thursday said it had written to Gulf Marine Services…

Macquarie Teams Up with RIDG for ScotWind Leasing Round

Jun 12, 2020

Macquarie's Green Investment Group, a green infrastructure investor, has teamed up with a Scottish offshore wind developer to compete for offshore wind projects in Scotland, it said in a statement late on Thursday.Earlier this week, Crown Estate Scotland launched ScotWind…

Indonesia Targets IPOs of Pertamina Sub-holdings

Jun 12, 2020

Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…

Call for Bids Launched for Offshore Blocks in Eastern Newfoundland

Jun 12, 2020

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licenses in the Eastern Newfoundland Region.Call for Bids NL20-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 17 parcels and a total of 4…

Fugro Extends IMR Despina Vessel Charter

Jun 12, 2020

Norwegian offshore vessel owners Golden Energy Offshore has secured a contract extension for its IMR Despina vessel.The charter extension will take effect in direct continuation of the current contract with Fugro. Golden Energy Offshore did not provide info on the length of the new contract…

Report: Shell Selling Norwegian Fields, Pipelines stakes

Jun 12, 2020

Royal Dutch Shell has launched the sale of its stakes in two oilfields and two pipelines in Norway, according to a sales document seen by Reuters.Shell is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline…

Current News

Russian Antarctic Vessel Docks in South Africa as Green Groups Protest

Russian Antarctic Vessel Docks in South Africa as Green Groups Protest

Eni Pens $8B Libya Offshore Gas Deal

Eni Pens $8B Libya Offshore Gas Deal

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

TotalEnergies, Partners to Start Drilling Offshore Lebanon in Q3 2022

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

Subscribe for OE Digital E‑News

Offshore Engineer Magazine