Offshore Activity - page 862

 

Russian Annual Oil Production Drops for the First Time Since 2008

Jan 04, 2021

Oil production in Russia declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and sluggish demand caused by the coronavirus, statistics showed on Saturday.Russian oil and gas condensate output declined to 10…

Force Majeure Declared at Two Oil Terminals in Malaysia

Jan 04, 2021

Malaysia's Petronas said on Monday force majeure had been declared at its Miri and Cendor crude oil terminals in the final quarter of 2020.Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the MV Dayang Topaz vessel collision on Oct…

Equinor Gets Consent for Continued Use of Island Wellserver Vessel

Jan 04, 2021

Norwegian oil company Equinor has received regulatory consent to keep using the Island Wellserver well intervention vessel in 2021.The consent, granted by the Petroleum Safety Authority Norway, is an extension of an existing consent.The consent…

Maersk Inspirer Rig Towed to Yme Offshore Field, OKEA Says

Jan 04, 2021

Maersk Drilling's Maersk Inspirer jack-up rig, converted to a production platform, has been towed to the Repsol-operated Yme oil field in the North Sea, offshore Norway, OKEA, a partner in the field said Monday.'OKEA ASA...is pleased to announce…

Eni Extends Abo FPSO Contract

Jan 04, 2021

Italian oil company Eni has extended the contract for BW Offshore's Abo Floating Production Storage Offloading (FPSO) vessel.BW Offshore, the owner of the FPSO, said Monday it had signed the extension with Eni's subsidiary Nigerian Agip Exploration…

Total, Partners Get Hold of Offshore Block in Egypt

Jan 04, 2021

A Total-led international consortium of oil and gas companies has signed an exploration and production agreement for the North Ras Kanayis offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.France-based Total is the operator with a 35% stake…

Gazprom Begins Shipping Gas to Bosnia, Serbia via Turkstream Pipeline

Jan 04, 2021

Russian energy giant Gazprom said on Friday it had begun delivering natural gas to Serbia and Bosnia through the TurkStream pipeline and a new route crossing Turkey and Bulgaria.The gas supplies destined to Serbia and Bosnia first reach Turkey via the TurkStream pipeline…

Azerbaijan Starts Gas Exports to Europe

Jan 04, 2021

Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia.The project has the backing…

Petrobras Divests Sete Interest

Dec 31, 2020

Brazilian oil company Petrobras has divested its stake in offshore drilling company Sete Brasil.The company on Wednesday transferred today to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15%…

Battered Energy Sector Could get Reprieve from 'Golden cross' Chart Signal

Dec 31, 2020

Energy, Wall Street's worst-performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday.The bullish development in S&P 500 energy sector is called a 'golden cross…

Exxon: Up to $20B Writedown to Overshadow 4Q Gains

Dec 31, 2020

Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.The largest U.S. oil…

Sval Energi Buys Edison Norge

Dec 31, 2020

Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…

SSE Sells North Sea Gas Fields to Viaro Energy. Focuses on Renewables

Dec 30, 2020

Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy for a total consideration of up to £120 million (around $160 million). The diverse…

Enquest, Qualimar to Remove Northern Producer Platform in 2021

Dec 30, 2020

Oil and gas company Enquest, and Qualimar, the owner of the Northern Producer offshore oil platform, have recently applied for approvals to remove the semi-submersible unit from the North Sea fields, as well as for the removal of the related riser systems…

Energean to Pay Up to $405M for Remaining Stake in Energean Israel

Dec 30, 2020

Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…

Current News

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Commodity Report: Meeting Oil

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Egypt Halts Fertilizer Product

Edda Wind Welcomes New CSOV to its Fleet

Edda Wind Welcomes New CSOV to

TotalEnergies’ Unit to Build Battery Storage Site in Japan to Help Balance Grid

TotalEnergies’ Unit to Build B

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine