Offshore Regions News - page 696

 

UK North Sea: CNOOC Brings Online Buzzard Phase II

Nov 29, 2021

Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…

Noreco CEO Resigns

Nov 29, 2021

David B. Cook, the Chief Executive Officer of the oil and gas company Noreco, has resigned from his position and from the company board of directors.Noreco, which is working with TotalEnergies to redevelop the Tyra offshore gas field in Denmark…

Indonesia Offers 8 Oil and Gas Blocks for Bids

Nov 29, 2021

Indonesia is putting eight new oil and gas blocks located across the archipelago up for bids, Tutuka Ariadji, the director general of oil and gas at the country's energy ministry, said on Monday.The oil and gas blocks had a total capacity of…

Lottery System to Decide Who Wins Rights to Giant Danish Offshore Wind Farm

Nov 26, 2021

Denmark will hold a lottery on Dec. 1 to pick the winner of a contest to build the 1 gigawatt Thor offshore wind farm, which will be the country's largest, after several bids were made at a minimum subsidy price close to zero, it said on Thursday…

Lebanon Re-launches Second Offshore Oil and Gas Round

Nov 26, 2021

Lebanon re-launched a second offshore oil and gas licensing round for eight remaining blocks on Friday, with the deadline for submission of bids set for June 15, 2022, the Lebanese Petroleum Administration said on its website.The round was initially…

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

Nov 26, 2021

Thailand's state-owned oil firm PTT is set to expand further into pharmaceuticals as part of a consortium acquiring a unit of drugmaker Alvogen, the parent of Taiwan's Lotus Pharmaceutical, PTT said on Friday.A consortium of PTT and Icelandic…

NEO Energy to Buy JX Nippon's UK Oil and Gas Business

Nov 26, 2021

NEO Energy has struck a deal to buy JX Nippon Exploration and Production (U.K.) Limited from its Japan-based parent company JX Nippon Oil & Gas Exploration Corporation, part of Eneos Group.JX UK holds non-operated interests in several producing…

New Worley Chief Financial Officer Set to Assume Role Next Week

Nov 26, 2021

Australian engineering firm Worley said Thursday that Tiernan O'Rourke would assume the position of Chief Financial Officer (CFO) on November 29.O'Rourke's appointment was announced back in August when Worley said he'd start in the position 'later this calendar year…

Norwegian Oil Minister Attends Opening of Neptune's Gjøa P1 and Duva Fields

Nov 26, 2021

Oil and gas company Neptune Energy hosted Norway’s recently appointed Minister of Petroleum and Energy, Marte Mjøs Persen, and senior industry figures at the official opening of the Neptune-operated Gjøa P1 and Duva fields in the Norwegian North Sea…

Australian Parliament Clears Way for Offshore Wind Farms

Nov 26, 2021

Australia's parliament on Thursday passed legislation setting a framework for developing offshore wind farms and transmission lines, in a big boost to several multibillion-dollar proposed projects as the country looks to replace coal-fired power…

Bladt Industries' Transition Pieces for Vattenfall's Danish Offshore Wind Farms

Nov 26, 2021

Danish offshore energy industry services firm Bladt Industries has won a deal with wind farm developer Vattenfall to deliver Transition Pieces (TP) for the two Danish offshore wind farms, Vesterhav Syd and Vesterhav Nord.The contract is for…

Equinor, Partners to Invest $1.1 B in Further Development of Oseberg Field

Nov 26, 2021

Norwegian oil and gas company Equinor has with its partners, submitted an amended plan for development and operation (PDO)  to the minister of petroleum and energy Marte Mjøs Persen for the further development of the Oseberg field, with an increased focus on gas production…

Petrobras Awards Long-term Charters for Seadrill Drillship Duo

Nov 26, 2021

Offshore drilling company Seadrill has won two contracts with Brazil's Petrobras for the West Carina and West Tellus drillship.The two rigs will work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis…

First Steel Cut, Name Revealed for Seaway 7's WTIV

Nov 26, 2021

Seaway 7, a company specializing in offshore wind installation services, has informed that construction has started for its next-generation Wind Turbine Installation Vessel (WTIV) at the China Merchants Heavy Industry (CMHI) facility in Jiangsu…

Gazprom Boosts Investments to $24 Billion in 2022

Nov 25, 2021

Russian gas giant Gazprom said on Thursday its management had approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.Gazprom is developing new gas production deposits…

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