Latest News - page 1512

 

First Steel Cut for Cambodia Apsara Platform

Dec 09, 2019

Independent upstream oil and gas company KrisEnergy said first steel has been cut for the minimum facilities wellhead platform (MiniPlatform) for the Apsara oil field in Block A, offshore Cambodia, the nation’s maiden hydrocarbon development…

Saudi Aramco IPO Proceeds Rise to $29.4 Bln

Dec 09, 2019

The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday…

Tullow Production Falls, CEO Resigns

Dec 09, 2019

Tullow Oil said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.'While financial performance has been solid, production performance…

Neodrill, InterMoor Partner

Dec 09, 2019

Pre-rig technology solutions company Neodrill announced a global cooperation agreement with mooring, foundations and subsea installation services provider InterMoor for project execution and installation support.Effective immediately, the new…

Subsea UK: New Board for 2020

Dec 09, 2019

Subsea UK announced a new board of senior subsea leaders with a mix of expertise and knowledge across all sectors of the industry.The new board members are Dorothy Burke, Managing Director at Ecosse IP, Suzy Davies, VP HSSE Greenfield Projects at Aker Solutions…

Helicopter Missing in the US Gulf

Dec 09, 2019

The U.S. Coast Guard said it is searching by air and sea for two people aboard an overdue helicopter believed to have crashed in the U.S. Gulf of Mexico.The Coast Guard said its watchstanders received a report at 10:37 a.m. on Saturday from the helicopter's owner…

Electrifying Norway's Offshore Production

Dec 08, 2019

According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures…

NPD Grants Drilling Permit to ConocoPhillips

Dec 08, 2019

The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a drilling permit for well 25/7-9 S, cf. Section 15 of the Resource Management Regulations.Well 25 / 7-9 S shall be drilled from the drilling equipment Leiv Eiriksson at position 59 ° 15'17…

Vineyard Wind Wins Offshore Connecticut

Dec 08, 2019

Connecticut’s Department of Energy and Environmental Protection (DEEP) has selected Vineyard  Wind’s 804-megawatt (MW) Park City project as the winner in a major offshore wind solicitation, setting up the seaport city of Bridgeport to become a significant hub for the emerging U…

Solstad PSV Duo Wins More Brazil Gig

Dec 08, 2019

Norwegian offshore service and supply ship shipping company Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil.The offshore vessel owner said in a press note that the contract extensions…

Offshore: OSV Market Report

Dec 08, 2019

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers…

US Gulf: Infrastructure-led Exploration

Dec 08, 2019

2019 has seen greenfield prospects in the US Gulf of Mexico return to the forefront of upstream planning. Chevron is pursuing the 20,000 psi Anchor project while Shell intends to replicate the Vito semi-sub to develop its Whale discovery. Meanwhile…

Relieving the Pressure of Subsea P&A Activity

Dec 06, 2019

The temporary abandonment or suspension of a well is a vital early stage of decommissioning whereby the well is isolated using methods such as bridge plugs, cement squeezes and packers. This allows the wellhead and/ or blow out preventer (BOP) to be safely removed…

DeepOcean Wins IMR Work from Equnior

Dec 06, 2019

Subsea services provider DeepOcean informs it has been awarded a contract from Norwegian energy company Equinor to perform inspection, maintenance and repair (IMR) services in 2020.The contract has a duration of up to nine months work offshore…

Zentech, WW Industries Partner

Dec 06, 2019

Two Houston based firms have teamed up to provide offshore drilling rig surveys, engineering and manufacturing for rig modifications or upgrades.Marine engineering and naval architecture firm Zentech Incorporated said it has partnered with fabrication…

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