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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…

Norway's Oil Minister Diagnosed with Covid-19

Mar 26, 2021

Norway's minister of petroleum and energy, Tina Bru, has been diagnosed with COVID-19, along with her son and husband, she wrote on her Facebook page on Friday.'We are all feeling relatively well, and we obviously hope it will continue that way…

PSE Kinsale Energy Taps NHV for Helicopter Services in Support of Decom Work Off Ireland

Mar 24, 2021

Offshore helicopter operator NHV Group has secured a contract in Ireland with PSE Kinsale Energy Ltd in support of its decommissioning operations in the Celtic Sea. PSE Kinsale Energy, a Petronas subsidiary, last in July said that the Kinsale…

Brazil's OceanPact to Charter and, Eventually, Buy Two DDW Offshore AHTS Vessels

Mar 18, 2021

Norwegian offshore vessel owner DDW Offshore, a subsidiary of Akastor, has entered into bareboat charter and future sale agreements for two of its AHTS vessels with the Brazilian subsea services company OceanPact.Under the charter, DDW Offshore - formerly known as DOF Deepwater…

Reach Subsea Adds New Contracts

Mar 23, 2021

Norwegian offshore services company Reach Subsea said Tuesday it has recently been awarded several contracts and call-offs under frame agreements.The company said it had won the contracts both alone and in partnership with Sweden's MMT.'We now…

Petronas Becomes First Company to Produce LNG from Two FLNG Units

Mar 25, 2021

Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded…

Offshore Galore! Wind Farms Go on the Block as Valuations Spike

Mar 25, 2021

European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said.Demand for such assets has surged as…

Petrobras CFO, Others to Leave After Clashing with Incoming CEO's Plans

Mar 26, 2021

Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with plans of the company’s incoming chief executive, a person close to the executives said.Topics…

Santos, BW Offshore Sign $4,6B Barossa FPSO Deal

Mar 24, 2021

Australian oil and gas company Santos has signed a contract with FPSO supplier BW Offshore for the delivery of an FPSO for the Barossa gas field, located 300 kilometers offshore Darwin in Australia. The contract is subject to Final Investment Decision (FID) by Santos and its partners…

UK's Crown Estate to Launch Floating Wind Leasing Round in Celtic Sea

Mar 24, 2021

Britain's Crown Estate said on Wednesday it would start work on producing a new leasing round for commercial-scale floating wind power projects in the Celtic Sea.Floating wind farms are an emerging technology with far higher costs than plants fixed to the seabed…

Johan Sverdrup Oil Field: Lundin Expects Further Output Capacity Growth

Mar 19, 2021

Sweden's Lundin Energy, a partner in Norway's giant Johan Sverdrup oilfield, said on Thursday it expected the field's production capacity and its reserve estimates to grow in the future.Production capacity from 2.2 billion to 3.2 billion barrels of oil equivalent (boe) field…

Ørsted Starts Offshore Construction at 900 MW Greater Changhua 1 & 2a Offshore Wind Farms in Taiwan

Mar 19, 2021

Denmark-based offshore wind installation company Ørsted, said Friday it was kicking off full-scale offshore construction activities of the 900 MW Greater Changhua 1 & 2a offshore wind farms in Taiwan.Ørsted said it would start laying export…

Medco Taps Uzma's MMSVS for Bualuang Field Work

Mar 19, 2021

Malaysia's Uzma has, via its Thai subsidiary MMSVS, won a contract with oil company Medco Energi to deliver Hydraulic Workover Unit services for the Bualuang field, off Thailand.Under the contract, MMSVS will provide Medco Energy with Hydraulic…

DOF Clinches Long-Term Charters for PSV Trio in UK, Guyana

Mar 18, 2021

Norwegian offshore vessel owner DOF has won long-term contracts in the UK and Guyana for three of its platform supply vessels.In the UK, under the contract starting in April, the large PSV Skandi Gamma will work for Ithaca Energy for a period of two years firm…

TIMELINE: Nigerian Offshore Oil Block Deal Scandal

Mar 17, 2021

An Italian court acquitted Royal Dutch Shell and Italy's Eni on Wednesday of corruption in one of the oil industry's biggest court cases centered around the acquisition of a Nigerian oilfield in 2011.Italian prosecutors alleged that most of the $1…

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