Latest News - page 1453

 

UK Ambassador Visits Energean's Offshore Facilities

Nov 26, 2018

United Kingdom Ambassador to Greece Ms. Katherine Smith visited Energean offshore drilling facilities at Prinos.The Delegation of the British Embassy toured by boat the Prinos Oil Field Platforms and “Energean Force”, the Energean owned drilling rig…

DNO Makes Hostile Bid for Faroe Petroleum

Nov 26, 2018

Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.DNO, which already owns 28 percent of Aberdeen-based Faroe…

Wintershall Gains 10% Stake in Ghasha Gas Project

Nov 26, 2018

The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co. (ADNOC) said on Monday.The deal builds on ADNOC's new integrated gas strategy aimed at unlocking…

Oil Breaks Above $60

Nov 26, 2018

Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the gains.Brent crude futures rose $1.84 to $60.64 a barrel by 1445 GMT, while U.S…

CNPC Replacing Total in South Pars Gas Project

Nov 26, 2018

China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday.'China's CNPC has officially replaced…

Norway Eyes Offshore Wind to Power Gas Plant

Nov 26, 2018

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm…

New Subsea Pipeline Decommissioning Tool

Nov 26, 2018

Hydraulic subsea tools specialist Webtool said it is developing a Fast Intervention Tool for subsea pipeline decommissioning in conjunction with Chevron Energy Technology Company. The tool will crimp, seal, and cut the pipe reducing the potential for contamination of the marine environment…

Damen: New Fast Crew Supplier for US Market

Nov 26, 2018

Damen Shipyards Group has unveiled a new vessel design geared toward the developing offshore wind market in North America: the Fast Crew Supplier (FCS) 3410 service accommodation and transfer vessel (SATV).The new design builds on Damen designs…

Xodus Hires Jones as Decom Lead

Nov 26, 2018

International energy consultancy Xodus Group has appointed Gareth Jones as Decom Lead based in the company’s Aberdeen office. He will be responsible for advising and supporting operators in relation to environmental and societal impacts associated with decommissioning…

Boskalis Wins USD 283 mln Contract from Ostwind

Nov 25, 2018

Dutch dredging Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection.A press release from the global services provider operating in the dredging, maritime…

EDP Renewables Opens Wind Farm in Spain

Nov 25, 2018

Portuguese renewables company EDP Renewables (EDPR) has inaugurated the Muxía Wind Farm in the homonymous municipality, in the Autonomous Spanish Region of Galicia.A press release from the wind energy producer said that its CEO Jõao Manso Neto…

European Energy Erects Zinkgruvan First Turbine at Zinkgruvan

Nov 25, 2018

The first turbine has been erected at European Energy's Zinkgruvan wind project in Sweden marking an important milestone in the offshore wind sector.The project is located approximately 70 km north of Linköping, near the northern end of the Vättern Lake…

Montha-1 Exploration Well Disappoints KrisEnergy

Nov 25, 2018

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand…

Equinor Extends Maersk Intrepid Deal

Nov 25, 2018

Norwegian multinational energy company Equinor ASA has exercised two options of two months each for jack-up rig Maersk Intrepid, said Danish offshore driller Maersk Drilling.As a result, the rig is now contracted to Equinor until the end of February 2020…

Addax Petroleum Extends Yinson’s Adoon FPSO Deal

Nov 25, 2018

Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal.'Unless otherwise expressly defined in this announcement, terms and expressions…

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