Latest News - page 1405

 

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…

Delays at Equinor's Peregrino Project Offshore Brazil

Apr 16, 2020

Construction work at Equinor ASA's Peregrino oilfield off the coast of Brazil has been delayed by roughly two months, according to two sources with knowledge of the matter, as logistical difficulties surrounding the novel coronavirus take their toll on the nation's offshore oil industry…

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…

CWind to Service East Anglia ONE Offshore Windfarm

Apr 15, 2020

ScottishPower Renewables has awarded CWind, a UK-based offshore renewables service provider,a contract worth up to £8.2million for work on the East Anglia ONE offshore windfarm. Under the three-year contract, CWind will provide below water services…

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…

Aker Solutions, Cognite Win $2M Grant for Floating Wind Farm Tech

Apr 15, 2020

California Energy Commission has awarded Aker Solutions and Cognite a $2 million grant for a project called NextWind Real-Time Condition Monitoring.The project is focused on next-generation solutions in wind through digitalization and aims to…

Brazilian Offshore Drilling Firm Launches Start-Up Challenge

Apr 15, 2020

Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges.Startups should seek innovative solutions to the challenges selected…

Qatar Starts 80-well Offshore Drilling Campaign at NFE Project

Apr 15, 2020

Qatar Petroleum has kicked off the development drilling campaign for the offshore North Field East project, or NFE previously known as the North Field Expansion Project.The first of 80 North Field East development wells was spudded on March 29…

All Northwester 2 Offshore Wind Farm Turbines Installed

Apr 15, 2020

The final installation of turbines at Parkwind's Northwester 2 offshore wind farm in the Belgium section of the North Sea has been completed.Parkwind completed the final installation of turbines at the Northwester 2 offshore wind farm in a joint operation with MHI Vestas and Jan De Nul Group…

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…

Energean FPSO Hull Reaches Singapore. Yard Closed Due To COVID-19

Apr 15, 2020

The Mediterranean-focused oil and gas company Energean has said that the hull of its Energean Power FPSO has reached Singapore.The China-built hull is expected to be fitted with the topside modules built in Singapore at the Sembcorp Yard, before setting sail to the Karish offshore field in Israel…

ONGC to Extend Armada Sterling FPSO Contract

Apr 15, 2020

Indian oil and gas company ONGC plans to extend the contract for the Armada Sterling FPSO, owned by a joint venture between Bumi Armada and Shapoorji Pallonji Oil and Gas Private Limited.Bumi Armada said Wednesday that its JV company had recently received notification from ONGC…

UK Offshore Equipment Firms Build Face Shields for Health Workers

Apr 15, 2020

UK-based subsea and offshore equipment manufacturers Subsea Innovation and Tekmar Energy, part of Tekmar Group, have joined forces to manufacture protective face shields for NHS workers in the North East of England.The protective face shields…

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