Offshore Engineer Industry News News - page 68

 

Ørsted to Charter First Ever Taiwan-Flagged SOV on 15-Year Deal

Apr 16, 2020

Danish offshore wind farm developer Ørsted has signed a 15-year contract with Ta San Shang Marine, chartering the shipping company to build the world's first-ever Taiwan-flagged service operation vessel (SOV) for the operation and maintenance (O&M) of Ørsted's Greater Changhua offshore wind farms…

UAE's ADNOC Terminates $1.65B Deal with Petrofac

Apr 16, 2020

UAE's national oil company ADNOC has terminated $1.65B worth of contracts with UK oilfield services firm Petrofac.The two contracts were awarded in February, and entailed the delivery by Petrofac of offshore platforms and gas processing facilities for the Dalma Gas Development Project…

Chinese Seismic Vessel Seen Moving Near Malaysia Amid Rising South China Sea Tensions

Apr 16, 2020

A Chinese government survey ship embroiled in a standoff with Vietnamese vessels moved south near Malaysia, shipping data showed Thursday, amid accusations that China is using the pandemic to assert its presence in the South China Sea.The Haiyang Dizhi 8 was spotted off Vietnam this week…

Santos to Sell Barossa Stake to JERA

Apr 16, 2020

Australian oil and gas company Santos has signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa offshore development in Australia to JERA. The Final Investment Decision for the project, though, has been delayed due to the economic uncertainty caused by COVID-19 and low oil prices…

Petrobras Begins Halting Operations of 62 Platforms

Apr 15, 2020

Brazil's state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara basins.Petrobras, as the company is known, had previously announced the shutdowns…

Hurricane Energy 'Very Pleased' with Lancaster EPS Output

Apr 15, 2020

The UK-focused oil firm Hurricane Energy has said it is very pleased with the performance of its Lancaster Early Production System offshore the UK.Hurricane started up its Lancaster field west of Scotland's Shetland Islands in May 2019, via the Aoka Mizu FPSO…

Russian Oil Majors Examine Assets for Cuts

Apr 15, 2020

Russian oil companies are examining which wells they will cork, looking mainly at mature fields where production was falling anyway and as Moscow needs to deliver its biggest output cut ever to comply with the new global supply deal, sources said…

New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says

Apr 15, 2020

Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the…

April May Prove Worst Ever Month for Oil Industry - IEA's Birol

Apr 15, 2020

International Energy Agency (IEA) Executive Director Fatih Birol said on Wednesday this month could prove the worst ever experienced by the oil industry.'In a few years' time, when we look back on 2020 we may well see that it was the worst year in the history of global oil markets…

Mexico: Armed Robbers Board Offshore Vessel, Steal Goods

Apr 15, 2020

A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend.Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico.Armed robbers boarded Maersk Transporter…

COVID 19: Only Essential Crew on OMV NZ Offshore Platforms

Apr 15, 2020

Austrian oil and gas company OMV has de-manned its offshore platforms in the Taranaki Basin in New Zealand to only essential crews due to the COVID-19 pandemic.Responding to request for comment by Offshore Engineer on how it is dealing with the COVID-19 situation…

OMV Strikes Oil and Gas Offshore New Zealand

Apr 14, 2020

Austrian energy firm OMV has said it has struck oil and gas in the Taranaki Basin offshore New Zealand.  OMV, as the operator of the Petroleum Exploration Permit (PEP) 60093, started drilling at the Toutoiwai-1 well in early March 2020.The oil…

Offshore Helicopter Merger Nears Completion as HSR Waiting Period Ends

Apr 14, 2020

Offshore helicopter players Era and Bristow, which recently announced plans to merge, have skipped a hurdle towards the completion of the merger.Era said Tuesday that the waiting period for the proposed merger under the Hart-Scott-Rodino Antitrust Act ended on April 10…

Early Terminations for Borr Drilling Offshore Rigs

Apr 14, 2020

Jack-up drilling contractor Borr Drilling has received early contract terminations for five offshore drilling rigs, and has warned that more terminations might be forthcoming. On the bright side, the company has been awarded letters of award for two premium jack-ups…

Alfa Laval Nets Framo Pump Contracts in China, Singapore

Apr 14, 2020

Swedish company Alfa Laval has said it has won two large orders in the offshore industry space from clients in China and Singapore.Under the orders, of a combined value of around SEK 170 million (USD 17 million), Alfa Laval will deliver  Framo…

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