Offshore Drilling News

 

Chevron Can Lift Leviathan Gas Field to Global Stage, Delek Says

Aug 06, 2020

Chevron's entry into Israel's Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier, said the CEO of Delek Drilling, the energy giant's new regional partner.Chevron became the…

Offshore Energy Industry Can Help UK Hit Net-Zero Emissions Target, O&G Regulator Says

Aug 06, 2020

“The UK Continental Shelf has the potential to make a deep and meaningful impact on the UK’s overall net-zero target and offshore energy integration can be the game-changer,' Andy Samuel, CEO of the UK's Oil and Gas Authority said Thursday.Samuel's…

Liebherr Bags First Offshore Crane Order in Azerbaijan

Aug 06, 2020

Crane specialist Liebherr will deliver what it describes as offshore cranes of the latest generation for Caspian Sea platforms, offshore Azerbaijan.Liebherr-MCCtec Rostock has received an order from Umid Babek Operating Company to deliver four…

Bahamas Petroleum, Columbus Energy Merger Gets Court Approval

Aug 06, 2020

The proposed all-stock merger between Bahamas Petroleum Company and Columbus Energy Resources was sanctioned by the court on Wednesday, paving way for the merger execution. Bahamas Petroleum Company, an oil firm with exploration assets in the Bahamas…

Vantage Posts 2Q Loss. Cuts Workforce, Salaries

Aug 06, 2020

Offshore drilling contractor Vantage Drilling reported a net loss attributable to controlling interest of approximately $31.9 million for the second quarter of 2020.For comparison, Vantage Drilling's 2Q income last year was $590 million, however…

ST Engineering Halter Marine and Offshore Upgrades 'Signet Warhorse II' Propulsion

Aug 06, 2020

Mississippi-based ST Engineering Halter Marine and Offshore has recently won a contract to retrofit new propulsion and maneuvering systems on an ocean towing tug, Signet Warhorse II, for Signet Maritime Corporation.The scope of work included…

Somalia to Announce Winners of First Offshore Bidding Round in 2021

Aug 06, 2020

Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petrodollars to help rebuild its struggling economy, a senior government oil official said on Wednesday.Battered by violence…

Subsea Energy Solutions Eyes Business in Brazil

Aug 05, 2020

UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners.Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it…

Delek Sells $2.25B of Bonds to Finance Leviathan Gas Field

Aug 05, 2020

Israel's Delek Drilling said on Wednesday it will pay an average interest of 6.28% in a $2.25 billion international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.Following a roadshow…

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

Aug 05, 2020

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie…

Reach Subsea Adds to Its ROV Backlog

Aug 05, 2020

Reach Subsea, Oslo-listed subsea services provider for the offshore energy sector, has added to its contract backlog.The company had in its 1Q 2020 report said that it had secured 750 project days (representing 1,250 ROV days) for the remainder of 2020…

Scientists Investigating Effects of North Sea Platforms on Marine Life

Aug 05, 2020

Scientists in the UK are studying how rigs, pipelines, and other infrastructure such as offshore wind installations, affect marine life in the North Sea. The findings might be used in the decision-making process related to offshore facilities decommissioning…

Remazel Engineering Wins Jotun FPSO Gig

Aug 05, 2020

Italian engineering firm Remazel Engineering has won a contract with Bluewater for work on the Jotun FPSO upgrade.The Jotun FPSO which has been producing oil from the Jotun field in Norway's part of the North Sea since 1999, was recently moved by ashore for upgrades…

Spirit Energy's North Sea Wildcat Comes Up Dry

Aug 05, 2020

Offshore oil and gas company Spirit Energy has drilled a dry well in the North Sea offshore Norway.The Norwegian Petroleum Directorate said Wednesday that Spirit Energy Norway, as the operator of production license 780, was in the process of…

Trump Signs Law to Fund Public Land Maintenance with Offshore Oil and Gas Royalties

Aug 05, 2020

U.S. President Donald Trump on Tuesday signed into law a rare bipartisan bill that will use royalties from offshore oil and gas drilling operations to fund long-overdue maintenance of public lands, national parks, and Native American schools…

Current News

Nigeria: FPSO Workers Released after Kidnapping

Nigeria: FPSO Workers Released after Kidnapping

DOF Subsea Wins 'Key Award' with Chevron in Australia

DOF Subsea Wins 'Key Award' with Chevron in Australia

Petrobras to Mothball Offshore Platform to Cut Costs

Petrobras to Mothball Offshore Platform to Cut Costs

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

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