Offshore Drilling News

 

COVID-19 Challenges for UK's and Norway's E&P

16 hours ago

The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilize oil prices. With Brent trading well below US$30/bbl, the resilience of the sector is once again being pushed to its limit. What does this mean for the UK and Norway upstream sectors…

Petrobras Delays Bids for Offshore Platform

6 hours ago

Brazil's state-run oil company Petrobras has delayed by 90 days the deadline for bids to build a production platform in the Itapu field in Santos Basin after a sharp drop in oil prices and concerns about the impact of the COVID-19 pandemic, two people familiar with the matter told Reuters…

Head Energy's EPCIC Engineering Division Names Operations Manager

13 hours ago

Norwegian offshore engineering company Head Energy has made a new addition to its EPCIC Engineering Division. EPCIC stands for Engineering, Procurement, Construction, Installation & Commissioning.Head Energy said Friday that Oskar Leirgulen had joined the division as operations manager…

RWE Sanctions 342 MW Offshore Wind Farm Project

13 hours ago

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.Contracts worth more than 500 million euros ($539 million) have been signed for all major components of the Kaskasi project…

Petrobras Strikes Pre-Salt Oil Find

14 hours ago

Brazil's state-controlled oil company Petrobras has made an oil discovery in deep waters offshore Brazil.Petrobras said Thursday it had discovered the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt…

Subsea 7 Scores 'Sizeable' Offshore Wind Deal in Germany

15 hours ago

Offshore installation and construction company Subsea 7 has said it has won a sizeable contract - meaning worth between $50 million and $150 million, for work on a wind farm offshore Germany.Subsea 7 said Friday the contract was with innogy Kaskasi for the Kaskasi offshore wind farm project…

EU Funds Floating Wind Turbine Project in Norway

15 hours ago

The European Union has granted funds to an international consortium led by Spain's Iberdrola, to install and test a floating wind turbine in Norway.Norwegian Offshore Wind Cluster said earlier this week that the EU had granted NOK 290 million (~$27…

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

18 hours ago

Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low…

Lekoil Cuts Costs, Staff. Otakikpo Output Unaffected

19 hours ago

Nigeria-focused oil company Lekoil has said it will reduce workforce numbers as part of the 'immediate and accelerated' implementation of the company's general and administrative ('G&A') cost reduction measures. 'These measures are targeting an annual reduction of US$8…

Energean Power FPSO Hull Leaves China

20 hours ago

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore…

Offshore Technology Conference (OTC) 2020 Canceled

Apr 02, 2020

The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic.'While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge…

Woodside Gets OK for Scarborough Proposal

Apr 02, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved Woodside's offshore project proposal (OPP) from for the development of the Scarborough gas fields off northern Western Australia.The OPP is the primary Commonwealth environmental…

Vattenfall Pulls Out of Dutch Offshore Wind Tender

Apr 02, 2020

Swedish utility Vattenfall will not take part in a Dutch tender for a 700 megawatt (MW) offshore wind farm in the North Sea because of the uncertainty created by the coronavirus pandemic, the state-owned firm said on Thursday.Vattenfall won…

Apache Makes 'Significant' Discovery Offshore Suriname

Apr 02, 2020

U.S. oil company Apache has said it has made a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This is the company's second large oil discovery in the country this year. The first was struck in January…

Samuel to Remain at Helm of UK's OGA until 2022 End

Apr 02, 2020

UK oil and gas industry regulator Oil and gas Authority (OGA) has informed that Andy Samuel will remain its CEO for an additional period of two years.Samuel's term extension at the helm of OGA has been confirmed by the Secretary of State for Business…

Current News

Petrobras Delays Bids for Offshore Platform

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Guyana's Oil Output Rises 58%

Guyana's Oil Output Rises 58%

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

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