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Total Won't Stop Gas Production in Myanmar. Says Abandoning Offshore Field Would Hurt Workers, Cities

Apr 05, 2021

French oil and gas group Total said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.Total…

Shipbuilding: ASRY Receives ASME Accreditation

Apr 05, 2021

The New Construction & Engineering Department of ASRY received ASME Accreditation which allows ASRY to manufacture and repair Coded Pressure Vessels.ASRY attained this accreditation after an extensive review of the company's Quality Assurance Systems…

Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargo

Apr 05, 2021

State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…

Ocean Winds Looks to Build Offshore Wind Farms in Ireland

Apr 05, 2021

Offshore wind developer Ocean Winds said Monday it was eyeing the expansion of its global offshore wind portfolio to include Ireland.Ocean Winds' current offshore wind portfolio includes 1.5GW in construction and 4GW in development.The company…

The U.S. Sets Ambitious Offshore Wind Targets – What Will It Take to Meet Them?

Apr 05, 2021

The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…

Petrobras Suspends MODEC from Bidding for FPSO Projects

Apr 05, 2021

Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but…

HydraWell Nets P&A Work at PSE Kinsale Energy's Decom Project in Ireland

Apr 05, 2021

PSE Kinsale Energy, a Petronas subsidiary working to decommission its Kinsale area offshore gas fields in Ireland, has awarded a contract to HydraWell to support the project.PSE Kinsale Energy last July said that the Kinsale area offshore gas…

Petronas Declares Force Majeure on Offshore Field in Myanmar

Apr 05, 2021

Malaysia's state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production.The decision came after challenges that resulted in the production rate…

Seadrill Asks Creditors to Write Off More Than 85% of its Debts

Apr 05, 2021

Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85% of its debts in exchange for a 99% stake in the reorganized company, a court filing showed.The Oslo-listed firm controlled by Norwegian-born billionaire…

Malaysia, Brunei Formalize Unitization Deal for Two Offshore Fields

Apr 05, 2021

Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of  Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…

Floating Production Systems Market Bounces Back on Recovering Oil Prices

Apr 02, 2021

Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…

Nord Stream 2 Warns of Security Risks to Pipeline from Warships, Low-flying Planes

Apr 02, 2021

The consortium behind the construction of the Nord Stream 2 gas pipeline warned on Thursday about security risks to the project from warships and planes, as the link is nearing completion.The pipeline, aimed at bypassing Ukraine and doubling…

OPEC+ to Ease Output Cuts from May

Apr 02, 2021

OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new U.S. administration called on Saudi Arabia to keep energy affordable for consumers.The group, which has implemented deep cuts since a pandemic-induced oil price collapse in 2020…

Ready Your Salad Fork for Biden’s Offshore Energy Plans

Apr 01, 2021

In Antony and Cleopatra, Shakespeare coined the phrase “salad days” to mean a youthful time filled with unbridled enthusiasm and idealism. Indeed, youth, much like salad, is often raw, flavorful and most of all… green. Therefore, it is fitting…

Vineyard Wind Taps DEME to Install Wind Turbines off US East Coast

Apr 01, 2021

U.S. offshore wind developer Vineyard Wind has contracted Belgium-based DEME for the offshore transport and installation of the wind turbine generators for the first largescale offshore wind installation in the United States.DEME's U.S. arm…

Current News

Eni and Petronas to Establish Company in Indonesia and Malaysia

Eni and Petronas to Establish

ConocoPhillips Begins Drilling Offshore Eastern Australia

ConocoPhillips Begins Drilling

Judge Rules Trump can Reconsider SouthCoast Wind Approval

Judge Rules Trump can Reconsid

AST Networks Unveils MODULA Connectivity Solution

AST Networks Unveils MODULA Co

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