Offshore Engineer Industry News News - page 612


Offshore Safety Must Not Be Compromised by Coronavirus, Safety Body Says

Mar 12, 2020

Norway's offshore oil and gas safety watchdog Petroleum Safety Authority has said „is prioritizing the maintenance of its supervisory activities as far as possible given the spread of the coronavirus.“PSA Norway, whose main job is to monitor…

Murphy Cuts Capex, Delays GoM, Shale Wells Amid Oil Rout

Mar 12, 2020

U.S. oil and gas company Murphy Oil has slashed capital spending plans by $500 million citing 'current market conditions and recent commodity price volatility.' The company plans to preserve dividend payments.Murphy’s revised 2020 budget is approximately $950 million…

TenneT to Spend 4-5 Bln Euros Per Year

Mar 12, 2020

Grid operator TenneT reported a 9% drop in 2019 operating earnings on Thursday and repeated it will need fresh capital to build the infrastructure needed to realize Dutch and German government plans for more renewable energy. In its 2019 annual report…

Tullow Cuts Capex. Cash Flow to Slide

Mar 12, 2020

Africa-focused Tullow Oil expects its free cash flow to slide to $50 million to $75 million this year at an oil price of $50 a barrel, and to break even at prices of $45 a barrel, it said on Thursday. Free cash flow at the group had already fallen last year to $355 million from $411 million in 2018…

Mubadala Raises Manora Field Stake to 70%

Mar 12, 2020

Mubadala Petroleum has increased its ownership share in the G1/48 block containing the Manora oil field in the Gulf of Thailand.The company has, via its subsidiary MP G1, taken a 10 percent interest in the offshore block from Northern Gulf Petroleum…

Offshore Oil Rig Infection Exposes Coronavirus Dangers

Mar 12, 2020

Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.A worker…

Guyana Still Searching for Partner to Market Its Oil

Mar 12, 2020

Guyana has extended the initial deadline in its search for an agent to market its share of oil produced by an Exxon Mobil-led consortium to March 24, the Department of Energy said on Wednesday.Guyana has no domestic refining capacity or national…

Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M

Mar 12, 2020

Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…

ESA Nod for Norway's Floating Wind Farm

Mar 11, 2020

The EFTA Surveillance Authority (ESA) has approved Norway’s state aid to the 88MW Hywind Tampen floating offshore wind project in the Norwegian North Sea.'Norway's initiative to reduce CO2 emissions by building a floating offshore wind farm consisting of 11 wind turbines…

Improving Your Future APAC Well Campaigns Through Integrated Services

Mar 11, 2020

Subsea well intervention is on the rise around the world. It has already become established in Europe, where each subsea well now experiences an average of 1.5 intervention days per year, according to speakers at last year’s OWI APAC conference…

DOF Nabs Three North Sea Contracts

Mar 11, 2020

Offshore vessel owner DOF has won contracts and extensions for three of its offshore support vessels.First, DOF said Monday it had won an extension for the Skandi Barra platform supply vessel by the undisclosed client for approximately four months…

Valaris Drops BOP-Stack to Seafloor Offshore Angola

Mar 11, 2020

Offshore drilling contractor Valaris has informed that one of its drillships has been involved in an incident that included the accidental dropping of a Blowout Preventer Stack to the seafloor of Angola. The incident might cost the company the drilling contract…

Norwegian Oil Regulator Restricts Visits on Coronavirus Fears

Mar 11, 2020

Norway's oil and gas industry regulator has introduced restrictions with regard to the presence in its offices for persons who have been in areas with the prolonged spread of coronavirus.'If you have been in these areas during the last 14 days…

Petronas Selling Two Offshore Units at Online Marketplace

Mar 11, 2020

AllSurplus, an online auction marketplace owned by Liquidity Services, is currently marketing two offshore production units from Petronas in a private treaty sale.The company said Tuesday that the two assets are 30,000 BFPD Self-Elevating Mobile…

Triangle Resumes Cliff Head Output After Halt Caused By Electrical Fault

Mar 11, 2020

Triangle Energy has restarted production at the Cliff Head Alpha Platform offshore Western Australia, following a halt caused by an electrical fault in February.'Production resumed on 10 March 2020 and following a thorough testing and inspection program over the last 24 hours…

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