Offshore Engineer Industry News News - page 327

 

Australia May Need LNG Imports from 2024

Mar 27, 2020

Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…

Kim Heng in Taiwan Offshore Wind JV

Mar 27, 2020

Singaporean offshore services provider Kim Heng Marine & Oilfield Pte has entered into a joint venture with a Taiwanese company to create Bridgewater Marine (Taiwan) Limited.Kim Heng Offshore & Marine, a parent company of Kim Heng Marine & Oilfield…

Aoka Mizu FPSO Worker Tests Positive for COVID-19

Mar 27, 2020

Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO off the UK has tested positive for COVID-19.Hurricane said Friday that the worker 'has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19…

Equinor Resumes Martin Linge Work, after Coronavirus-linked Halt

Mar 27, 2020

Norway's Equinor has restarted work at its Martin Linge development in the North Sea following a haltafter an offshore worker tested positive for coronavirus, the company said on Thursday.'We are gradually stepping up activities again. We have cleaned and disinfected facilities…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

Mar 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…

Murphy Oil CEO on Medical Leave Due to COVID-19

Mar 26, 2020

The CEO of Murphy Oil has taken a medical leave due to coronavirus concerns.The US-based exploration and production company announced Thursday that Roger W. Jenkins will step down temporarily pending test results and a presumptive diagnosis of COVID-19…

20 Workers Isolated at Field Feeding Nord Stream Pipeline

Mar 26, 2020

Gas giant Gazprom said on Thursday 20 workers have been quarantined at Bovanenkovo gas field, which feeds the Nord Stream pipeline and is a key source of Russian gas supplies to Europe, after contact with a person who has coronavirus.The outbreak…

Brent Crude Drops to $26.35. Outlook Bleak

Mar 26, 2020

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…

Covid-19 and Cheap Oil to Hit African pre-FID Oil Projects

Mar 26, 2020

Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact…

Ten Signs the Oil Industry is Bent Out of Shape

Mar 26, 2020

The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals.International crude…

Unique Group Signs Exclusive Agreement with OTAQ Offshore

Mar 25, 2020

Unique Group has signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the Americas.  The agreement will see Unique Group represent a number of industry-renowned technologies…

Offshore Rig Worker in Australia Tests Positive for COVID-19

Mar 25, 2020

An offshore drilling rig worker, employed on a Maersk Drilling rig in Australia, tested positive to coronavirus after going to overseas home, oil and gas company Inpex has informed.'On 22 March we became aware that a person who recently worked…

Lekoil 'in Process' of Paying $2M to Optimum

Mar 25, 2020

Nigerian oil company Lekoil has said it is in the process of paying $2 million to Optimum Petroleum, its partner in an offshore block in Nigeria.The 2 million payment was agreed in January, and it is the first of two installments Lekoil is due…

Vroon: Suspension on Crew Changes Extended

Mar 25, 2020

Dutch shipping company Vroon is extending its recently imposed suspension of crew changes on its vessels, citing the impact of the coronavirus.In a public letter addressed to colleagues, friends, and families, Vroon CEO Herman Marks said: 'Every day…

JOGMEC, JX, Petronas Testing CCS at Malaysian Gas Fields

Mar 25, 2020

Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an agreement with JX Nippon Oil & Gas Exploration and Petronas to study the development of high CO2 gas fields in Malaysia, utilizing Carbon Capture and Storage (CCS) technology…

Current News

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Cadeler Secures $192,3M Loan to Fund New Offshore Wind Vessels

Cadeler Secures $192,3M Loan to Fund New Offshore Wind Vessels

Aker BP Takes Over Lundin Energy's Oil and Gas Business

Aker BP Takes Over Lundin Energy's Oil and Gas Business

Deirdre Michie to Step Down as Offshore Energies UK CEO

Deirdre Michie to Step Down as Offshore Energies UK CEO

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