Offshore Regions News - page 998

 

Straightpoint, Crosby Partner on FPSO Project

Nov 20, 2019

PT. Dalaz Teknik Utama used a 12t capacity Radiolink plus Straightpoint (SP) load cell and a Crosby shackle of the same capacity to complete a series of tests during fabrication of a power generator module at a Wasco Energy fabrication yard in Indonesia…

Neptune Awarded Dutch Exploration Block

Nov 20, 2019

Neptune Energy said it has been awarded an exploration permit for block F5 in the Dutch sector of the North Sea from the Ministry of Economic Affairs & Climate Policy.The block is located 200 kilometers north of Den Helder and 25 kilometers southwest of the Neptune-operated F3-B platform…

Petrobras on Track to Become World's Top Producer

Nov 20, 2019

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing…

Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

Angola Lifting All Boats

Nov 19, 2019

Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…

Woodside Sees Reserve Base Tripling

Nov 19, 2019

Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3…

Hurricane Testing Warwick West

Nov 19, 2019

Hurricane Energy has confirmed that drill stem testing on the Warwick West well is expected to begin Tuesday.The UK-based company said it will share initial results of the well, including flow rates and oil type, following completion of the testing phase…

CGG Announces Largest Ever Seabed Survey

Nov 19, 2019

French geoscience company CGG said it will perform its largest seabed survey to date in the UK Central North Sea.Prefunded in part by BP, the multi-client ocean-bottom node (OBN) seismic survey has already received significant industry interest…

NOV Wins Balder Pipe Work

Nov 19, 2019

Oilfield services firm NOV said it will provide more than 90 kilometers of flexible pipe systems for the Balder field in the Norwegian North Sea.NOV Flexibles, part of Subsea Production Systems within NOV's Completion & Production Solutions segment…

Norway's Oil Industry Faces Thinner Margins

Nov 19, 2019

Norway's oil industry faces thinner margins as smaller new discoveries boost per-barrel development costs, Statistics Norway (SSB) said in a report on Tuesday.'In the long term, it appears that the downturn that began in 2013, when output and prices fell…

Bourbon Mobility Adds Onboard Entertainment

Nov 19, 2019

Offshore passenger transportation provider Bourbon Mobility has partnered with Moment to provide an entertainment offer on board its vessels.In an effort to enhance its transport service of staff to oil platforms in West Africa, Bourbon Mobility…

Enpro Subsea Completes Ghana Campaigns

Nov 19, 2019

Production optimization specialist Enpro Subsea said it has recently completed another two subsea hydraulic intervention campaigns for two operators in West Africa. Operations were conducted from a single multi-services support vessel, which was mobilized out of Takoradi in Ghana…

Norway Oil Output Beats Forecast, Gas Lags

Nov 19, 2019

Norway's oil production rose in October from the previous month, beating official forecast by 4.5%, while gas production continued to lag, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Output from the giant Johan Sverdrup oilfield kicked in ahead of schedule last month…

Energean Seeks to Pipe Karish Gas to Cyprus

Nov 19, 2019

Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block offshore Israel to Vassiliko…

Jadestone Buys Operating Stake in Maari

Nov 18, 2019

Independent oil and gas producer Jadestone Energy announced it has entered a deal with OMV to acquire its 69% operational stake in the shallow water Maari project offshore New Zealand for $50 million.The Maari Project is a mid-life producing asset located in permit PMP 38160…

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