Offshore Energy News - page 573

 

Statoil Inks LOI for Johan Sverdrup Phase 2

Apr 05, 2018

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field center modifications is also issued to a joint venture of Aker Solutions and Kværner…

US' First Planned Floating Wind Farm Taking Shape

Apr 04, 2018

Plans for America’s first floating offshore wind farm are taking shape with the news that California’s Redwood Coast Energy Authority (RCEA) has selected a consortium to enter into a public-private partnership to develop the project off the Northern California coast…

Statoil Awards $1.5 Bln Drilling Contracts

Apr 03, 2018

Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms.The contracts take effect from October 1…

Arctic: ExxonMobil Exits, Rosneft Goes Ahead

Apr 01, 2018

Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. The report qouted Natural Resources Minister Sergey Donskoy saying that the Arctic…

Statoil Bags Four Blocks Offshore Brazil

Mar 30, 2018

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects…

Firms Complain of Contaminated Crude Lifted From U.S. SPR

Mar 29, 2018

Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters…

Heavy Night-time Volumes Crush Shanghai Oil Futures

Mar 28, 2018

Many investors worry about volatility overnight as low liquidity added to wild gyrations.  Shanghai crude oil futures slumped on Wednesday, the third day of trading since their launch, after heavy selling overnight, as traders scrambled to follow cues from the main international markets…

Optime Presents New Tree Control and Intervention System

Mar 26, 2018

At Subsea Valley 2017, Jan-Fredrik Carlsen, CEO of the Notodden based Norwegian company Optime Subsea, promised to revolutionize the intervention and controls segment of the subsea oil and gas industry through a new and disruptive technology…

Offshore Achievement Award winners Announced

Mar 24, 2018

Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm.The Society of Petroleum Engineers (SPE) Aberdeen Section revealed the 11 winners to an audience of more than 450 people…

McDermott to Bid for Asia Offshore Oil, Gas Contracts

Mar 20, 2018

U.S. engineering and construction company McDermott International plans to bid for $5 billion in contracts in the next few months in Asia Pacific as the region's offshore oil and gas sector recovers, company executives said on Tuesday. The…

Saudi Aramco: IPO Work to be Completed in H2

Mar 08, 2018

Saudi Aramco Chief Executive Officer Amin Nasser said on Thursday that all work required from the oil giant for its initial public offering (IPO), which could be the biggest in history, will be completed in the second half of 2018. Speaking at a conference in London…

Is Aramco Share Sale Distorting OPEC Policy? Kemp

Mar 07, 2018

By restraining production, OPEC and its allies have succeeded in eliminating excess oil stocks and accelerating the recovery in prices, but they are paying an increasingly high price in terms of market share. U.S. producers will capture all the growth in global oil consumption this year…

U.S. Crude Exports to Asia Slump as WTI Outperforms

Mar 06, 2018

Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to maintain competitiveness. Vessel-tracking and port data suggest Asian imports of U…

Iraq Preparing to Tender Water Injection Project if Exxon Talks Fail

Feb 27, 2018

Iraq's Basra Oil Co is preparing to tender for a water injection project vital to increase its oil production capacity if talks with Exxon Mobil fail, the head of the oil ministry's licensing and contracts office said. 'We cannot wait for…

Shell: LNG Supply Shortage Possible as Demand Surges

Feb 26, 2018

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook…

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Exxon Banks Record $56B Profit in '22

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Offshore Wind: Floating Wind is the Future

Offshore Wind: Floating Wind is the Future

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U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

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