Offshore Activity - page 311

 

Add Energy Secures Funding for Blowout Event Research

Jul 20, 2023

The Ocean Energy Safety Institute (OESI) has awarded well integrity and well control specialist Add Energy USD 354,160 funding to develop a method to standardize blowout event consequence analysis to support consistent risk measurement of unwanted well control events…

Africa-Focused Afentra Boosts Portfolio with Offshore Angola Deal

Jul 19, 2023

Africa-focused oil and gas company oil and gas company Afentra has agreed to buy stakes in two offshore blocks in Angola from Azule Energy Angola Production, an Angolan JV company formed in 2022 by Eni and BP.Afentra will acquire a 12% interest in Block 3/05 and a 16% interest in Block 3/05A…

Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America

Jul 19, 2023

Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…

Brent Oil Hovers Over $80 as Inflation Worries Ease

Jul 19, 2023

Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT…

Tuscan FSRU to be Moved Offshore by 2026

Jul 19, 2023

A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…

Portugal Raises Offshore Wind Ambitions

Jul 19, 2023

Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday.Cordeiro said the sale, due to take place by the end of the year…

Full Output Resumes at Norway's Mongstad Oil Refinery, Equinor Says

Jul 19, 2023

Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said on Wednesday, following a partial outage on July 12 due to a lightning strike near the plant. Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…

Wellesley Petroleum Makes Gas/Condensate Discovery Offshore Norway, NPD Confirms

Jul 19, 2023

Wellesley Petroleum AS, operator of production license 1148, has concluded the drilling of wildcat wells 35/10-10 S and 35/10-10 A (Carmen prospect), offshore Norway, and has made a gas/condensate discovery, the Norwegian Petroleum Directorate confirmed Tuesday…

Nexans to Install Section of World's Longest and Deepest Interconnector

Jul 19, 2023

Subsea power cable maker Nexans has been awarded a major contract valued at €1.43 billion for the section of the EuroAsia Interconnector that connects Greece and Cyprus.'As a critical part of a broader project to connect the grids of Greece…

Unite Stork Members Win Salary Increase. Dispute Ends

Jul 19, 2023

UK-based union Unite said Tuesday its members in Stork had voted by 61 percent to end their industrial action after a ballot which will see offshore salaries increase by 10 percent and be backdated to January 2023.The ballot, in which 88 percent of Unite members voted…

Brazilian Oil Firm Hits 100,000 Barrels Per Day Production Milestone

Jul 18, 2023

Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.The well has added stabilized initial production of approximately 8…

Oilfield Service Providers to Get Lift from International, Offshore Demand

Jul 18, 2023

The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…

M.A.R.S. Chosen for Sustainable Recycling of EnQuest's Heather Alpha Topsides

Jul 18, 2023

Offshore installation and decommissioning services firm Allseas has awarded Modern American Recycling Services Europe (‘M.A.R.S.’) a contract for project management and engineering, receipt with load-in assistance, dismantling, and disposal…

Brunvoll to Deliver Propulsion System of New Green Fuel SOV

Jul 18, 2023

Danish offshore vessel owner ESVAGT and Norwegian ship designer HAV Design have selected Brunvoll as the supplier of a propulsion and maneuvering system for another Service Operations Vessel (SOV). The delivery will be a repeat of the contracted vessel from last year…

Transocean Scores $518M Contract for Ultra-Deepwater Drillship in Gulf of Mexico

Jul 18, 2023

Offshore drilling contractor Transocean has secured a 1,080-day contract for one of its high-specification seventh-generation, ultra-deepwater drillships in the Gulf of Mexico, offshore Mexico. The contract will contribute approximately $518 million in backlog…

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