Offshore Energy News - page 485

 

Gallery: Heerema's Aegir Installs Module on Woodside's Pluto Alpha Platform

Dec 17, 2020

Dutch offshore installation services company Heerema Marine Contractors has, using its heavy lift vessel Aegir, transported and installed the 1650 metric ton water handling module for client TechnipFMC on the Woodside-operated Pluto Alpha offshore platform in Australia…

Energean Sells More Gas from Karish Field

Dec 17, 2020

Energean, an oil and gas company focused on developing its Karish gas field offshore Israel, has signed agreements to sell more gas from the project.The company said Thursday its 70 percent-owned subsidiary Energean Israel had entered into a…

Remus Horizons Exploring Takeover of Australian Oil Firm Far

Dec 17, 2020

Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…

Key Contracts Awarded for Northern Lights CO2 Capture Project in Norway

Dec 17, 2020

Equinor has awarded key contracts for the Northern Lights carbon capture and storage project in Norway to Aker Solutions. The contract awards come just days after the Norwegian Government announced its funding decision for the Northern Lights project…

REM Offshore Orders Offshore Wind Vessel

Dec 16, 2020

Norwegian offshore vessel operator Rem Offshore has ordered a Construction Service Vessel for offshore wind operations from Green Yard Kleven shipyard in Ulsteinvik.Havyard Design & Solutions AS is responsible for the design. The vessel, which…

Rosneft Finds 'Unique' Gas Field in the Arctic

Dec 16, 2020

Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…

Venezuela: PDVSA Starts Oil Transfer from Troubled Offshore Facility to Barge

Dec 16, 2020

Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday…

Magseis Fairfield Nets Deepwater OBN Gig in Gulf of Mexico

Dec 16, 2020

Ocean bottom seismic firm Magseis Fairfield has won a deepwater Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico.The survey is expected to start in the first quarter of 2021 and run for approximately three months.Magseis Fairfield did not say who the client was…

Will 2021 Breathe Life Back into Asia Pacific Upstream M&A Market?

Dec 16, 2020

2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…

Aker Solutions to Hook Up Fifth Johan Sverdrup Platform

Dec 16, 2020

Norwegian oilfield services provider Aker Solutions has won a contract for the hook-up of the fifth platform on the Johan Sverdrup field, offshore Norway.According to Equinor, the operator of the field, at peak the contract will provide jobs for around 1…

Denmark, Netherlands Working on Offshore Energy Hub

Dec 16, 2020

The Netherlands and Denmark have signed an agreement of intent in which they agree to have power and energy network operators TenneT, Gasunie and Energinet carry out further research into a joint energy hub in the North Sea.Eric Wiebes, Dutch…

Equinor Names Ulrica Fearn as new CFO

Dec 16, 2020

Norwegian energy company Equinor has appointed Ulrica Fearn as its chief financial officer (CFO) and executive vice president. Fearn's appointment will take effect on June 16, 2021. She will succeed acting CFO Svein Skeie, who will become senior vice president CFO Performance Management and Risk…

Husky, Cenovus Shareholders Approve $4.78 Billion Merger Deal

Dec 15, 2020

Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…

Total CEO: North Sea Could Switch from Oil Reservoir to CO2 Storage

Dec 15, 2020

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.The French oil firm is one of the partners in the Northern Lights project, which…

E.ON, RWE Sign Humber Gateway Offshore Wind Farm Power Offtake Deal

Dec 15, 2020

RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK under which E.ON will offtake 100% of the electricity produced by the Humber Gateway offshore wind farm in the UK from 2022 until 2035. The contract directly follows on from the previous agreement to supply E…

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