Offshore Drilling News

 

Japan Aims at 10 GW Offshore Wind Capacity by 2030, up to 45 GW in 2040

Jul 31, 2020

The Japan Wind Power Association said on Thursday it aims to expand the country's offshore wind power installed capacity to 10 gigawatts(GW) in 2030 and 30-45 GW in 2040.Offshore wind power currently provides only a tiny fraction of Japan's electricity supply but is set to grow after a law…

Ex-Unaoil manager Sentenced to Three Years in Prison over Iraq Bribery

Jul 31, 2020

A former manager of consultancy Unaoil was sentenced to three years in jail by a London court on Thursday – the second Unaoil executive to be jailed for bribing an Iraqi official to secure a $55 million oil deal after the fall of Saddam Hussein in 2003…

Sakhalin Energy Starts Maintenance Work at Molikpaq Offshore Platform

Jul 31, 2020

Russian oil and gas company Sakhalin Energy has started seasonal maintenance of its Molikpaq offshore oil and gas platform, at the Russian far east.Sakhalin Energy said Friday that over 300 people, including about 160 maintenance contractor personnel…

EnQuest to Take Over Operatorship of Bressay Field from Equinor

Jul 31, 2020

Norwegian oil and gas company Equinor will sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to UK-based EnQuest. The initial consideration is GBP 2,2 million (USD 2,8 million)…

ABS Updates Offshore Wind Guidance

Jul 30, 2020

Classification society ABS said it has updated its guides addressing both floating and bottom-founded offshore wind turbines.The revised guides incorporate updated industry best practices and industry feedback, lessons learned from a range of…

OHT Enters Offshore Wind Turbine Installation Business

Jul 30, 2020

Offshore Heavy Transport (OHT), a company specializing in, well, offshore heavy transport, has decided to diversify its offering and dive into the offshore wind turbine generator installation business.OHT said Thursday it had entered into a…

Equinor Gets OK to use Maersk Intrepid Jack-up Rig at Martin Linge Field

Jul 30, 2020

The Norwegian offshore oil and gas safety body PSA Norway has granted Equinor an approval to use the Maersk Intrepid jack-up at the Martin Linge offshore oil and gas field.The consent is for the use of the low-emissions rig for production drilling…

Murphy Oil to Take Pacific Drilling Rig on a Ten-Well Term in 2021. Scraps 2020 Deal

Jul 30, 2020

Offshore drilling contractor Pacific Drilling has lost a two-well contract for its Pacific Sharav drillship with Murphy Oil, but has managed to secure a ten-well deal with the same client, only at a later date.The drillship recently completed…

Talos CEO Becomes Vice-Chairman of U.S. Offshore Industry Body NOIA

Jul 30, 2020

Tim Duncan, CEO of Talos, an oil and gas company focused on exploration and production in the Gulf of Mexico, has been appointed Vice Chairman of the U.S. National Ocean Industries Association (NOIA).Duncan will join NOIA Chairman and Halliburton…

Rig-building Impairments Drag Keppel to 1H Loss

Jul 30, 2020

Singaporean conglomerate Keppel Corp reported a loss in the first half of 2020 due to impairments in its offshore and marine business that has been battered by low global oil prices.Keppel posted a net loss of S$537 million ($390 million) for the six months to June…

Subsea Cable Specialist JDR Breaks Ground on US HQ

Jul 30, 2020

JDR,  a subsea cable supplier and services provider has started construction of a new US headquarters in Tomball, Texas. The building will consolidate three of JDR’s existing facilities in the region to expand its IWOCs (Intervention Work Over…

Transocean Posts $487M Loss on Impairments. Revenues Rise on Dispute Settlement

Jul 30, 2020

Deepwater drilling company Transocean reported a second-quarter net loss of $487 million, mostly on impairment of assets. The adjusted net loss was $1 million, an improvement from an adjusted loss of $187 million in the previous quarter.Total contract drilling revenues were $930 million…

Vallourec to Keep Supplying Petrobras with Tubular Solutions Until 2023

Jul 30, 2020

Tubular solutions supplier Vallourec has signed contract extensions with Petrobras for the supply of its products and services.Since 2019, Vallourec has been supplying Petrobras with OCTG products, including seamless steel tubes, connections…

Shell Writes Down Nigerian Offshore Block at Heart of Italian Bribery Trial

Jul 30, 2020

Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245 license for an offshore oilfield in Nigeria which it holds alongside Eni and which is at the center of an ongoing corruption court case in Italy.Italian prosecutors…

Total Sells Gabon Offshore Fields to Perenco for Up To $350M

Jul 30, 2020

French oil major Total has struck a deal with Perenco to sell its interest in seven offshore oil fields in Gabon.Total said Thursday that its 58% owned affiliate Total Gabon had signed an agreement with Perenco to divest its stakes in seven mature non-operated offshore fields…

Current News

Subsea Energy Solutions Eyes Business in Brazil

Subsea Energy Solutions Eyes Business in Brazil

Oil Prices Hit 5-Month High

Oil Prices Hit 5-Month High

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

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

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

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

Subscribe for OE Digital E‑News

Offshore Engineer Magazine