Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie.The possibility of offshore wind becoming cheaper than coal…
Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on…
Israel's Delek has dismissed reports that the gas pipeline carrying gas from the Leviathan offshore field to Egypt has been affected by a reported terrorist attack in Egypt.Al Jazeera on Monday reported that a group of attackers had blown up a gas pipeline in Egypt's Sinai Peninsula…
UK North Sea-focused Hurricane Energy saw its share price drop on Thursday morning after the company's scrapped plans to tie-back the Lincoln Crestal offshore well to the Aoka Mizu FPSO this summer.The company had drilled the Lincoln Crestal…
Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…
Sweden's Lundin Petroleum, a partner in Norway's giant Sverdrup oilfield, raised its dividend payment and output expectations on Friday after beating fourth-quarter profit forecasts.Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to $695…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
The UK-based High Speed Transfers (HST) has taken delivery of its fourth fast crew supplier (FCS) 2710, eighteen months after receiving its first, the HST 'Hudson'.HST received HST Hudson, in June 2018, which was followed by HST Sofia in March 2019 and HST Harri in October of the same year…
The global leader in offshore wind Ørsted has opened the operations & maintenance (O&M) base for the Borssele 1 + 2 offshore wind farm in Vlissingen, the Netherlands. The opening was organized together with Energy Port Zeeland.All construction…
Offshore drilling company Seadrill has hired Semco Maritime to prepare the newbuild West Bollsta drilling rig for the Norwegian Continental Shelf.The recently delivered drilling unit, currently at anchor near Tenerife, is soon to set sail for Semco Maritime's yard at Hanøytangen outside Bergen…
Offshore wind farm installation company Swire Blue Ocean has awarded Blue Water Shipping a contract to transport new crane boom for its Pacific Osprey jack-up unit.Blue Water Shipping will transport Pacific Osprey’s new crane boom from NOV’s manufacturing yard to Denmark aboard SAL’s M/V Wiebke…
Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…
Danish wind energy developer Orsted is gearing up to launch its first big-ticket project financing in Taiwan, one of the world’s fastest-growing offshore wind markets.Orsted is expected to mandate banks next month on an NT$61.9bn (US$2bn) 18-year loan for its offshore wind farms in Changhua county…
The Norwegian offshore safety regulators have found irregularities aboard the recently delivered West Bollsta offshore rig.The rig is owned by Northern Drilling's spin-off Northern Ocean, and managed by Seadrill. The regulator, PSA Norway, carried out an audit late in November 2019…
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