Offshore Energy News

 

Exploration Comes-back with a Bang

12 hours ago

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.The energy research and business intelligence company said in a press release that improved market conditions and lower well costs have led E&P players to ramp up their 2019 exploration activities in all parts of the world…

Babcock Wins BW Catcher Contract

3 hours ago

Babcock said it has been awarded a four-year framework contract for brownfield fabrication and modification projects on the BW Catcher, a floating production, storage and offloading vessel (FPSO) owned by BW Offshore. The scope of the contract includes engineering…

Sakhalin: Offshore Heavy Lift Refit

4 hours ago

Large-scale conversion project on offshore platform Molikpaq operated by Sakhalin Energy.While the refit of heavy lift capacity onboard an offshore rig might sound mundane, Liebherr’s project to replace and modernize cranes on the offshore platform Molikpaq operated by Sakhalin Energy…

Neptune Energy to Present Plan for Norway Fields

4 hours ago

Operator Neptune Energy will on Thursday present investment plans for two Norwegian oil and gas fields, the country's energy ministry said in a statement on Wednesday.The plan for Duva (previously known as Cara) and Gjoea P1 amount to almost 10 billion crowns ($1…

James Fisher Buys Saudi Offshore Firm

12 hours ago

Marine and oil and gas services provider James Fisher and Sons (JFS) is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.MSMC is an established service provider based in Saudi Arabia…

Skandi Olinda Begins Petrobras Job

12 hours ago

The newly delivered Skandi Olinda flexible lay and construction vessel owned by a 50/50 joint venture of TechnipFMC and DOF Subsea has commenced an eight-year charter contract with Petroleo Brasileiro S.A. (Petrobras).'Skandi Olinda has state-of-the-art pipelay and marine technology…

Oil Below 2019 highs on OPEC Cuts

Feb 19, 2019

U.S.-China trade talks this week also in focus.Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand.The…

Magallanes Installs Turbine at EMEC

Feb 19, 2019

Spanish tidal energy developer Magallanes Renovables is testing its tidal technology on a test site at the European Marine Energy Centre (EMEC) in Orkney, Scotland.The successful installation of their second generation (2G) 2MW tidal platform…

Offshore Pipeline Market to Grow 6.5%

Feb 19, 2019

The offshore pipeline market is expected to grow from $11.5 billion in 2018 to $15.8 billion by 2023, at a CAGR of 6.54%, from 2018 to 2023.Increasing demand for safe, economical, and reliable connectivity expected to drive the overall offshore pipeline market…

Santos Broadens Offshore Exploration in N.Australia

Feb 19, 2019

The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…

McDermott Bags Pan Malaysia Jobs

Feb 19, 2019

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press…

2021 to See 33 More FPSOs

Feb 19, 2019

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of…

Transocean Automates Six Floaters

Feb 19, 2019

The international offshore drilling contractor Transocean has entered into an agreement with Equinor to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in…

National Grid Seeks Approval of Revolution Wind

Feb 17, 2019

National Grid, which provides power to Northeastern United States, filed for regulatory approval of a 20-year contract for energy from a new offshore wind farm – Revolution Wind.Revolution Wind is a next-generation 400-megawatt offshore wind…

World’s Largest Offshore Wind Farm Generates First Power

Feb 17, 2019

The first turbine of the 1,218-MW Hornsea 1 offshore wind farm in the North Sea, the world’s biggest such facility, has been installed and is now generating power.Matthew Wright, UK managing director of Danish energy group Ørsted A/S, described…

Current News

Equinor to Explore off Australia

Equinor to Explore off Australia

Wood Bags EPCI Contract from Equinor

Wood Bags EPCI Contract from Equinor

Top-tension Riser JIP Launched

Top-tension Riser JIP Launched

Shell, Repsol Team Up Offshore Bulgaria

Shell, Repsol Team Up Offshore Bulgaria

Babcock Wins BW Catcher Contract

Babcock Wins BW Catcher Contract

Sakhalin: Offshore Heavy Lift Refit

Sakhalin: Offshore Heavy Lift Refit

Neptune Energy to Present Plan for Norway Fields

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week