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Storm Knocks Out U.S. Gulf of Mexico Gas Pipeline

Aug 31, 2020

An offshore natural gas pipeline that serves four major U.S. Gulf of Mexico production platforms remained out of commission on Monday, pipeline operator Enbridge Inc said, following Hurricane Laura's destructive path through the area.Energy…

Storms Marco and Laura Shut 82% of Gulf of Mexico Oil Production

Aug 25, 2020

U.S. Gulf of Mexico oil companies shut around 82 percent of oil production on Monday and evacuated personnel bracing for the impact of two tropical storms Marco and Laura.From operator reports, the U.S. Bureau of Safety and Environmental Enforcement said Monday that approximately 82…

Principle Power Joins DeepWind Cluster

Aug 31, 2020

Principle Power, the developer of WindFloat - a floating wind turbine foundation - will join the DeepWind, a Scottish supply chain cluster, described as the largest offshore wind representative body in Scotland with over 400 members.According to the DeepWind cluster's website info…

Dutch Shipyard Wins Contract to Build New Vessel Type, "Monomaran Crewtender"

Aug 28, 2020

Coastwise Offshore Services and Next Generation Shipyards signed a contract for the building of a new type of vessel, an aluminum vessel for the offshore wind-industry, with an option for three additional vessels. The signing took place at Next Generation Shipyards on Lauwersoog…

Med Exploration Dispute Draw EU Sanctions for Turkey

Aug 28, 2020

The European Union is preparing sanctions against Turkey that could be discussed at the bloc's next summit on Sept. 24 in response to the eastern Mediterranean dispute with Greece, the EU's top diplomat said on Friday.The measures, meant to…

Exxon Presses for Guyana Approval of Third Offshore Project

Aug 27, 2020

Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.Exxon, which operates…

Apollo to Buy Stake in US Wind for Up to $265M

Aug 17, 2020

Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…

FAR OK with Cairn's Sangomar Stake Sale. Won't Trigger Buy Option

Aug 27, 2020

FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…

Augean Buys Drilling Waste Management Firm EcoCentre

Aug 24, 2020

North Sea-focused provider of waste and decommissioning services Augean North Sea Services (ANSS) said Monday it had acquired the EcoCentre at Peterhead, Aberdeenshire.ANSS assists the treatment, recycling and re-use of waste material derived…

Indonesian Regulators Approve Paus Biru Gas Field Plan

Aug 26, 2020

Indonesian oil and gas regulators have approved the plan of development of the Paus Biru offshore gas field in the East Java Basin.The field is located in the Medco-operated Sampang offshore block, in the Madura Strait,  off Madura Island, Indonesia…

Kim Heng Shows Us How It’s Done...Again

Aug 24, 2020

Building a versatile OSV fleet is expensive, even more expensive when your timing is wrong. Buy at the top and you can quickly find yourself exposed if the market suddenly turns, those shiny new assets depreciate rapidly, and large debts, that the (new) poor market cannot service…

Opinion: Turkey-Greece Conflict in Mediterranean Might Not be About Gas (Only)

Aug 21, 2020

The worsening stand-off in the eastern Mediterranean, frequently described as a gas conflict, has been gaining momentum. It may seem a strange time to be fighting over gas when prices remain in a slump due to weak demand and investors withdrawing…

SBM Offshore Buys SBM Installer Vessel to Sell It Easier

Aug 24, 2020

Dutch FPSO leasing company SBM Offshore has agreed to take full control of the diving support and construction vessel (DSCV) SBM Installer so it can easier sell it.The vessel is owned by OS Installer, a JV company in which SBM Offshore has a 25% stake…

EU Blasts Turkish Plan to Drill in Disputed Waters Off Cyprus

Aug 17, 2020

Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drillship would extend operations in disputed Mediterranean waters off Cyprus until mid-September.Yavuz will be accompanied by three other Turkish ships…

BPH Energy gains further confidence in Baleen drill target

Aug 18, 2020

BPH Energy Limited (ASX: BPH) has continued its extensive work at its exploration well at the Baleen drill target in the PEP11 offshore permit in NSW. Today, the company provided a report on the geochemical support for the planned exploration well within PEP11…

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