Offshore Engineer Industry News News - page 9

 

Providence, SpotOn Working to Finalize Barryroe Farm-out

Jul 20, 2020

Ireland-based oil and gas company Providence Resources has said it is progressing farm-out talks with SpotOn Energy over its offshore block containing the Barryroe discovery.London-listed Providence said Monday that SpotOn Energy had confirmed…

COVID-19 Cuts New Drilling Offshore Norway Around 40%

Jul 20, 2020

Oil firms are expected to drill about 40% fewer exploration wells off Norway in 2020 than originally planned because of the impact of the COVID-19 pandemic, the industry regulator said on Friday.The Norwegian Petroleum Directorate (NPD) also…

Maersk Drilling Wins More Jack-Up Rig Work with Aker BP

Jul 20, 2020

Denmark-based offshore drilling company Maersk Drilling has secured an additional one-well contract from Aker BP for its jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig - which Maersk Drilling says is…

Premier Oil Signs Deal to Buy BP's North Sea Assets at Discount

Jul 20, 2020

UK-based oil company Premier Oil has signed a sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.The two companies had in January…

OWC Opens Office in Poland to Support Offshore Wind Growth

Jul 20, 2020

Offshore wind consultancy OWC has set up an office in Poland to support offshore wind developments in the Baltic Sea. Lukasz Sikorski has been appointed manager of the office.'Offshore wind is growing fast globally and the recent sudden drop…

Total Secures $14.9B Loan for Mozambique Gas Development

Jul 20, 2020

French oil major Total has signed a $14.9 billion senior debt financing agreement for its massive liquefied natural gas (LNG) project in Mozambique, the biggest project financing ever in Africa, it said on Friday.The project includes the development…

Dayang Charters Perdana AWB and Anchor Handler

Jul 17, 2020

Malaysia's Perdana Petroleum has won a contract with Dayang Enterprise for the charter of and accommodation work barge and an anchor handling tug.Perdana said on Friday the contract had been awarded to its subsidiary Perdana Nautika.The contract value is estimated at RM6…

COVID-19 Hits Indonesia's 1H 2020 Oil and Gas Liftings

Jul 17, 2020

Indonesia's oil and gas lifting in the first half of this year was lower than targeted as the coronavirus pandemic continued to dampen demand, the chairman of regulator SKK Migas said Friday.Oil lifting in January to June stood at 713,300 barrels per day (bpd) while gas lifting stood at 5…

Twinza, PNG Gov't in Talks over Fiscal Terms for Offshore Field Development

Jul 17, 2020

Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…

Aker Solutions to Spin Off Offshore Wind, Carbon Capture Ahead of Kvaerner Merger

Jul 17, 2020

Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…

Oil Giants Including Exxon Set First Joint Carbon Target

Jul 17, 2020

A group of the world's top oil companies, including Saudi Aramco, China's CNPC, and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows…

Aker Solutions to Merge with Kvaerner, Names New CEO

Jul 17, 2020

Aker Solutions announced a merger with Kvaerner and a new chief executive on Friday, forming a firm with $4 billion in revenue that will target the growing renewable energy market.The two oil services firms are controlled by Norwegian billionaire…

Var Energi Resumes Drilling Offshore Norway Citing Positive Effect of Tax Breaks

Jul 16, 2020

Norwegian oil company Var Energi is restarting drilling offshore Norway after it had postponed drilling operations in the spring due to the corona pandemic and oil price collapse. 'The decision [to resume drilling] has been made possible by the temporary changes in the petroleum tax…

Shell CEO: No V-Shaped Recovery After COVID-19

Jul 16, 2020

The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said.Ben van Beurden told an online interview with IHS Markit Chairman…

Westwood Expects 40 FPSOs to be Ordered in 2020-2024 Period

Jul 16, 2020

Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020…

Current News

NOAA Raises Predicted Number of Tropical Storms to Record High

NOAA Raises Predicted Number of Tropical Storms to Record High

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

Exxon Hires Noble Corp. Drillship on 6-month Term in Guyana

Exxon Hires Noble Corp. Drillship on 6-month Term in Guyana

Indonesia's Price Cap Obstructing Gas Projects

Indonesia's Price Cap Obstructing Gas Projects

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