Offshore Energy News - page 63

 

Saipem Pulls Guidance on COVID-19 Impact

Apr 16, 2020

Italian oil and gas contractor Saipem said on Wednesday it had pulled its outlook for the year due to growing uncertainty created by the COVID-19 emergency.In a statement, the company said its board had acknowledged the pandemic might trigger a sharp fall in demand and a delay in projects…

Woodside's Sales Slump as Coronavirus Cripples Demand

Apr 16, 2020

Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been…

Shell Sets Oil Sector's Broadest Carbon Reduction Plans

Apr 16, 2020

Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector's broadest plan to reduce greenhouse gas emissions to net-zero by 2050.The new climate goals put the Anglo-Dutch company - at least on paper - ahead of the most progressive of its rivals…

IKM Testing in Long-Term Barents Sea FPSO Work Award

Apr 16, 2020

Norwegian energy giant Equinor has awarded IKM Testing a long-term contract for work at Johan Castberg FPSO destined for deployment in the Barents Sea, offshore Norway.The scope of work for IKM Testing covers N2/He Leakage testing & PSV calibration and supplementary work related to testing such as…

Santos to Sell Barossa Stake to JERA

Apr 16, 2020

Australian oil and gas company Santos has signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa offshore development in Australia to JERA. The Final Investment Decision for the project, though, has been delayed due to the economic uncertainty caused by COVID-19 and low oil prices…

Delays at Equinor's Peregrino Project Offshore Brazil

Apr 16, 2020

Construction work at Equinor ASA's Peregrino oilfield off the coast of Brazil has been delayed by roughly two months, according to two sources with knowledge of the matter, as logistical difficulties surrounding the novel coronavirus take their toll on the nation's offshore oil industry…

Hurricane Energy 'Very Pleased' with Lancaster EPS Output

Apr 15, 2020

The UK-focused oil firm Hurricane Energy has said it is very pleased with the performance of its Lancaster Early Production System offshore the UK.Hurricane started up its Lancaster field west of Scotland's Shetland Islands in May 2019, via the Aoka Mizu FPSO…

CWind to Service East Anglia ONE Offshore Windfarm

Apr 15, 2020

ScottishPower Renewables has awarded CWind, a UK-based offshore renewables service provider,a contract worth up to £8.2million for work on the East Anglia ONE offshore windfarm. Under the three-year contract, CWind will provide below water services…

Russian Oil Majors Examine Assets for Cuts

Apr 15, 2020

Russian oil companies are examining which wells they will cork, looking mainly at mature fields where production was falling anyway and as Moscow needs to deliver its biggest output cut ever to comply with the new global supply deal, sources said…

Aker Solutions, Cognite Win $2M Grant for Floating Wind Farm Tech

Apr 15, 2020

California Energy Commission has awarded Aker Solutions and Cognite a $2 million grant for a project called NextWind Real-Time Condition Monitoring.The project is focused on next-generation solutions in wind through digitalization and aims to…

Brazilian Offshore Drilling Firm Launches Start-Up Challenge

Apr 15, 2020

Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges.Startups should seek innovative solutions to the challenges selected…

Qatar Starts 80-well Offshore Drilling Campaign at NFE Project

Apr 15, 2020

Qatar Petroleum has kicked off the development drilling campaign for the offshore North Field East project, or NFE previously known as the North Field Expansion Project.The first of 80 North Field East development wells was spudded on March 29…

All Northwester 2 Offshore Wind Farm Turbines Installed

Apr 15, 2020

The final installation of turbines at Parkwind's Northwester 2 offshore wind farm in the Belgium section of the North Sea has been completed.Parkwind completed the final installation of turbines at the Northwester 2 offshore wind farm in a joint operation with MHI Vestas and Jan De Nul Group…

New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says

Apr 15, 2020

Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the…

Energean FPSO Hull Reaches Singapore. Yard Closed Due To COVID-19

Apr 15, 2020

The Mediterranean-focused oil and gas company Energean has said that the hull of its Energean Power FPSO has reached Singapore.The China-built hull is expected to be fitted with the topside modules built in Singapore at the Sembcorp Yard, before setting sail to the Karish offshore field in Israel…

Current News

Subsea Energy Solutions Eyes Business in Brazil

Subsea Energy Solutions Eyes Business in Brazil

Oil Prices Hit 5-Month High

Oil Prices Hit 5-Month High

Delek Sells $2.25B of Bonds to Finance Leviathan Gas Field

Delek Sells $2.25B of Bonds to Finance Leviathan Gas Field

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

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