Latest News - page 535

 

Armada Kraken FPSO's Production Climbs After Shutdown

Jul 20, 2023

Bumi Armada's Armada Kraken FPSO, a production unit operating at EnQuest's Kraken offshore field in the UK North Sea, has increased operational performance following a shutdown in early June.As Offshore Engineer previously reported, the Armada…

CRP Subsea Secures 'Major' Contract for Deepwater Oil Field Project in Brazil

Jul 20, 2023

UK-based CRP Subsea has recently won a 'major' contract from an unnamed 'leading energy technology company,' AIS, CRP's parent company, said this week.CRP Subsea will deliver 333 distributed buoyancy modules (DBMs) for a deepwater oil field project located in the pre-salt Santos Basin…

US Announces First Offshore Wind Rights Sale in Gulf of Mexico

Jul 20, 2023

The United States announced the first offshore wind power development rights sale in the Gulf of Mexico on Thursday, which President Joe Biden will discuss during a trip to highlight the administration's efforts to boost renewable energy.In February…

UK's Well-Safe Solutions Eyes Lucrative Australian Offshore Decommissioning Market

Jul 20, 2023

1UK-based offshore well plug and abandonment company Well-Safe Solutions, best known for its services in the UK North Sea, is expanding into the Asia Pacific region with the appointment of Massimo Delia as General Manager of newly-created Well-Safe Solutions Pty Ltd…

Ecuador Oil Spill Blamed on 'human error' Sullies Waters, Local Beach

Jul 20, 2023

An offshore oil spill near Ecuador's coast reached a popular beach on Wednesday, authorities said, while also showing up in nearby waters as one local official blamed 'human error' following a preliminary investigation into the incident. State oil company Petroecuador…

Hibiscus/Ruche Phase 1 Development on Track: BW Energy's Third Well Brought Online

Jul 20, 2023

Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…

Vattenfall Stopping Norfolk Boreas Offshore Wind Farm in UK North Sea

Jul 20, 2023

Swedish utility Vattenfal said on Thursday it would stop development of its British Norfolk Boreas offshore wind project due to rising costs, and warned that Britain could struggle to meet its wind targets without improved incentives. The 1…

Add Energy Secures Funding for Blowout Event Research

Jul 20, 2023

The Ocean Energy Safety Institute (OESI) has awarded well integrity and well control specialist Add Energy USD 354,160 funding to develop a method to standardize blowout event consequence analysis to support consistent risk measurement of unwanted well control events…

Capricorn Energy's $50M Payment Hangs in the Balance as Senegal Offshore Project Start-up Delayed

Jul 19, 2023

UK-based oil and gas exploration and production company Capricorn Energy is keeping its fingers crossed that Woodside's Sangomar offshore oil project in Senegal will produce the first oil by June 30, 2024.In December 2020, Scotland-based Capricorn Energy…

Africa-Focused Afentra Boosts Portfolio with Offshore Angola Deal

Jul 19, 2023

Africa-focused oil and gas company oil and gas company Afentra has agreed to buy stakes in two offshore blocks in Angola from Azule Energy Angola Production, an Angolan JV company formed in 2022 by Eni and BP.Afentra will acquire a 12% interest in Block 3/05 and a 16% interest in Block 3/05A…

Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America

Jul 19, 2023

Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…

Construction Starts on First UK-German Power Link Project

Jul 19, 2023

Work has begun on a 2.4 billion pound (2.8 billion euro) project to build the first power cable linking Britain and Germany, said NeuConnect Interconnector, which is leading the move to connect two of Europe’s largest energy markets for the first time…

Brent Oil Hovers Over $80 as Inflation Worries Ease

Jul 19, 2023

Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China's pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon.Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT…

Tuscan FSRU to be Moved Offshore by 2026

Jul 19, 2023

A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam…

Global Underwater Hub Appoints New Regional Manager

Jul 19, 2023

Global Underwater Hub (GUH), the UK-based trade and development body representing the UK’s underwater industry has appointed a new regional manager.'Ricci Boston, who will be based in Newcastle, will be instrumental in increasing engagement…

Current News

Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

Venterra Company, CAPE Holland

Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense

Bae Systems Launches Incubator

DOF Group ASA Contract Award for Well Intervention Services in North America

DOF Group ASA Contract Award f

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

Jacket Loadout Milestone Compl

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