Industry News

 

Gazprom's Nord Stream 2 Can Challenge EU Rules, Court Adviser Says

Oct 06, 2021

Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…

ExxonMobil Adds Ethylene Plant to Acorn Carbon Capture Mix

Oct 06, 2021

U.S. oil major ExxonMobil has signed an Expression of Interest to capture, transport, and store CO2 from its Fife Ethylene Plant, as part of the proposed Acorn carbon capture project in Scotland.The Acorn carbon capture project is designed to…

More Offshore Decom Work for Well-Safe Guardian Rig

Oct 06, 2021

Aberdeen-based offshore well decommissioning company Well-Safe Solutions has won another contract for its Well-Safe Guardian P&A offshore rig.The contract is for the provision of the Well-Safe Guardian rig to decommission up to 14 wells on the Banff and Kyle fields in the UKCS…

Pipeline from California Offshore Oil Spill was Moved 32 Meters Along Sea Floor

Oct 06, 2021

A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster…

Lebanon Can't Dictate Terms in Sea Border Talks, Israel's Energy Minister Says

Oct 05, 2021

Israel is ready to renew efforts to solve its dispute with Lebanon over the delineation of their territorial waters in the Mediterranean, but it will not accept that Beirut dictates the terms of the negotiation, its energy minister said on Tuesday…

Repsol Increases Low-carbon Targets to Accelerate Energy Transition

Oct 05, 2021

Spain's Repsol has hiked its 2030 capacity target for renewable energy generation by 60% and made a new pledge on cutting emissions from its oil and gas business, in the latest attempt by an energy group to limit its role in climate change.Facing pressure from investors…

Drydocks Starts Conversion Works on Perenco's Brazil-bound FSO

Oct 05, 2021

DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project…

Petrofac Gets $105M Fine for Middle East Bribery. Shares Jump

Oct 05, 2021

British oil services company Petrofac was fined 77 million pounds ($105 million) on Monday and a former executive received a two-year suspended sentence after both pleaded guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates…

Jan De Nul Hires Castor Marine to Connect Its Whole Fleet

Oct 05, 2021

Offshore installation and dredging contractor Jan De Nul Group has moved its entire fleet of 82 units to Castor Marine’s global VSAT and Iridium connectivity network on a long-term contract.Castor Marine will provide global VSAT internet and…

Petrobras Looking to Sell U.S. Gulf of Mexico Assets

Oct 05, 2021

Brazilian oil firm Petrobras is looking to exit its U.S. Gulf of Mexico joint venture with Murphy Oil by selling its 20 percent interest.The joint venture firm, called MP Gulf of Mexico (MPGOM) owns an interest in 15 fields in the U.S. Gulf of Mexico along with an interest in St…

West Africa's Deepwater Rig Utilization Could Triple by 2022

Oct 04, 2021

Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region.Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market…

Equinor Gets OK for Extended Operation of Sygna Offshore Field

Oct 04, 2021

Norwegian oil and gas company Equinor has obtained regulatory approval for extended operation of the Sygna field.Consent for the operation of Sygna would expire on March 9, 2024, but the Petroleum Safety Authority Norway has now extended it until August 10…

Heerema's Thialf Removes Shell's Goldeneye Platform

Oct 04, 2021

Heerema Marine Contractors has removed Shell's Goldeneye wellhead platform in the North Sea.Using its heavy lift crane vessel Thialf, Heerema removed the 1280 metric ton topside and the 3019 metric ton jacket before transportation to the AF Environmental Base in Norway for recycling and reuse…

North Field Expansion: Qatar Petroleum Orders LNG Carrier Quartet in China

Oct 04, 2021

Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program…

Eni CEO, Ivory Coast President Discuss Future Plans for Giant Offshore Discovery

Oct 04, 2021

Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101…

Current News

Gulf Marine Hooks Multi-Year Jack-Up Vessels Charter in Europe

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Mooreast, GMC Eye North Sea Offshore Wind and O&G Opportunities

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Equinor Halts Activities on Empire Wind Project After US Stop-Work Order

Equinor Halts Activities on Em

DOF Bags Two Deals in Asia-Pacific Region

DOF Bags Two Deals in Asia-Pac

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