Oslo-listed company Magnora has teamed up with Swedish wind power company to speed up the development “Sydkustens Vind”, a 500 MW shallow-water offshore wind project in the Baltic Sea, off southern Sweden.“The decision follows several studies…
The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved…
Following the recent installation of the first offshore wind turbine generator at the Seamade offshore wind project in Belgium, the turbine has now started producing electricity.SeaMade is a 487,2 MW offshore wind concession in the Belgian North Sea…
BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy, ending 60 years as a top Alaskan oil producer.BP and other oil majors have reduced their production roles in the northernmost U…
MAN Energy Solutions will deliver six compressor trains for Yinson's FPSO being built for deployment in Brazil.For the FPSO named Anna Nery, MAN Energy Solutions will deliver four RB-type centrifugal-compressor trains for gas production and export…
Odfjell Drilling's Deepsea Stavanger semi-submersible drilling rig has finally started mobilization to South Africa where it will drill Total's Luiperd well.As reported in May, Total and Odfjell Drilling agreed to keep the Deepsea Stavanger…
Angola is resisting pressure by OPEC's de-facto leader Saudi Arabia for a steeper oil output cut to comply fully with record supply curbs, OPEC and industry sources said.The Organization of the Petroleum Exporting Countries and allies, known as OPEC+…
Dutch industrial equipment provider Huisman will deliver cranes for the first Taiwan-built offshore installation vessel.The vessel - to be named Green Jade - will be owned by CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME…
The article has been updated to include a statement by BW Offshore who confirmed the attack on its FPSO and the kidnapping of several crew members.Pirates on Thursday attacked BW Offshore's Sendje Berge FPSO and kidnapped several crewmembers…
Asia Pacific Drilling Technology Conference and Exhibition (APDT) originally scheduled for September 1-2 2020 in Yangon, Myanmar has been postponed for next year due to the COVID-19 pandemic.'Due to the ongoing global public health concerns related to COVID-19…
The Norwegian offshore safety regulator PSA Norway has in the past two days approved three offshore drilling projects in the North Sea and the Norwegian Sea.On Wednesday, the PSA gave consents for ConocoPhillips' Warka and Wellesley Petroleum' Schweinsteiger exploration wells…
Poland's government signed on Wednesday a letter of intent with lobby groups and industry to collaborate on developing offshore wind farms in the Baltic Sea as the country seeks to reduce its reliance on coal.Poland, which generates almost 80% of its electricity from coal…
Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand.Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports…
Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.The UK…
Offshore wind developer Vattenfall has received regulatory consent for the development of the 1.8 GW Norfolk Vanguard Offshore Wind Farm off the UK.The consent was granted earlier this week by the UK Secretary of State for Business, Energy, and Industrial Strategy Alok Sharma…
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