Industry News

 

Hurricane Energy Seeks Shorter FPSO Charter to Avoid Business Wind-down

Jun 04, 2021

Hurricane Energy plc, an oil and gas company that produces oil from the Lancaster field off the UK, is facing business wind-down unless it agrees a shorter charter extension for the Aoka Mizu FPSO than originally agreed.The company, which started…

Exxon Mobil Relinquishes Stake in Ghana Offshore Block

Jun 04, 2021

Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…

Oil Firms Challenge Fieldwood's Reorganization Plan

Jun 04, 2021

Several oil companies are challenging Fieldwood Energy’s proposed reorganization plan, saying it does not appropriately address its environmental obligations.The oil companies, which include Shell Offshore, BP Exploration & Production, ConocoPhillips Company and Marathon Oil Company…

MMT Surveying 'Beacon Wind' Cable Route

Jun 04, 2021

Equinor has awarded Ocean Infinity's MMT a contract for export cable route surveys for the ‘Beacon Wind’ offshore wind farm in the U.S.MMT is performing a combination of geophysical, geotechnical, environmental, and benthic surveys along the export route of Beacon Wind sites 1 and 2…

Edda Wind Lands Dogger Bank Wind Farm Contract for Newbuild CSOV

Jun 03, 2021

Offshore wind vessel firm Edda Wind said Wednesday it had won a contract to support the commissioning and construction of the first two phases of the giant Dogger Bank wind farm in the UK.'Edda Wind and Dogger Bank Wind Farm have agreed on a new contract for the newbuild CSOV Edda TBN C490…

Limited Window of Opportunity: Israel Thinking of Rolling Back Gas Export Limits

Jun 03, 2021

Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market, according to a draft government report.Fewer restrictions could attract more energy groups to explore Israeli waters…

Ørsted to Recycle, Reuse Wind Turbine Blades

Jun 03, 2021

Offshore wind farm developer Ørsted said Thursday it would work to either reuse, recycle, or recover all of the wind turbine blades in its global portfolio of onshore and offshore wind farms upon decommissioning.Mads Nipper, CEO of Ørsted said…

Equinor Drills Duster Near Wisting Discovery in Barents Sea

Jun 03, 2021

Norwegian oil and gas firm Equinor has drilled a dry exploration well near the Wisting discovery in the Barents Sea, offshore Norway.According to the Norwegian Petroleum Directorate, the exploration target of the well was to prove petroleum…

Bourbon Offshore to Manage DRASSM Subsea Research Vessels

Jun 03, 2021

Offshore vessel operator Bourbon Offshore Surf has won a tender for the supply and management of the crew and nautical activities of the deep-sea vessels owned by the French Department of Underwater Archaeological Research (DRASSM) Alfred Merlin and André Malraux…

Acteon Secures Work with Saipem at Calvados Offshore Wind Farm in France

Jun 03, 2021

Offshore services company Acteon has secured an integrated project with Saipem for casing installation and drilling support on the Calvados offshore wind farm (Courseulles-sur-Mer). The contract was signed by LDD, a company in Acteon's foundations and cables segment…

MODEC Confirms Bacalhau FPSO Order

Jun 03, 2021

Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday…

Equinor Adds Two Wells to Valaris' Jack-Up Rig Scope

Jun 03, 2021

Offshore drilling firm Valaris said Wednesday it had won a contract extension for one of its jack-up drilling rigs with Norway-based oil company Equinor.The contract is for the Valaris JU-291 jack-up drilling unit, formerly known as the Rowan Stavanger…

Awind's Newbuild Vessel to Support Construction of Dogger Bank Wind Farm

Jun 02, 2021

Norwegian-based Awind has secured a charter contract for its first “walk-to-work” Commissioning Service Operation Vessel (CSOV) at the Dogger Bank offshore wind farm in the UK.The contract at what will become the world's largest offshore wind farm will start in the second quarter of 2023…

Ulstein Delivers Nexans Aurora Cable Layer

Jun 02, 2021

Norwegian shipbuilder Ulstein has this week delivered the cable-laying vessel Nexans Aurora to its owner Nexans.The vessel will be used for the transfer and installation of subsea high voltage cables and a variety of subsea construction jobs…

Ørsted to Invest $57B by 2027 to Become Global Leader in Green Energy

Jun 02, 2021

Ørsted, the world's largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition.The Danish firm, which sold its oil and gas business in 2017…

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