Offshore Energy News

 

Baker Hughes to Deliver Subsea Equipment for Petrobras' Campos Basin Fields

May 03, 2021

Oilfield services company Baker Hughes has won a subsea oilfield equipment contract with the Brazilian oil company Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. Baker Hughes will supply…

Can the Subsea Factory Support a Net Zero World?

Apr 29, 2021

Mads Hjelmeland is passionate about subsea processing. It’s a subject close to his heart in his role as managing director, Processing Systems, OneSubsea. But it’s more than just a recovery enhancing technology to Mads. Subsea processing is central…

Oil Profits Soar: Oil Majors Shed Pandemic Blues

Apr 29, 2021

Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them.Last year's demand collapse forced BP, Royal…

Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems

Apr 29, 2021

Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4…

Equinor Hires Fugro for Deepwater Survey Work off Canada

Apr 28, 2021

Equinor has selected Fugro to perform a deepwater site investigation in Canada’s Flemish Pass, 500 kilometers off the coast of St John’s, Newfoundland and Labrador, in approximately 1200-meter water depths.The field campaign will run from July until August and entails a seabed survey…

Dogger Bank – Who's Who in the World's Largest Offshore Wind Project

Apr 28, 2021

Dogger Bank is not simply an offshore windfarm project, it is THE offshore windfarm project. Dogger Bank is an offshore wind farm site in the UK North Sea that will, once fully built, be the world's largest and most innovative. Here Offshore…

Innovative Tidal Power Project Proceeds in the Scottish Sea

Apr 28, 2021

SKF is participating in a tidal power project off the Orkney Islands.Orbital Marine Power, Scottish-based developers of the world’s leading floating tidal turbine technology, has now launched its first commercial 2MW unit, the Orbital O2, which…

CGG Delivers Data from Agata Reimaging for Brazil Project

Apr 28, 2021

CGG delivered the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km will provide…

MENCK, Van Oord Partner on Installation of Italy’s First Offshore Wind Farm

Apr 28, 2021

MENCK has signed a contract with Dutch marine contractor Van Oord to deliver the hammer spread for the installation of the Taranto offshore wind farm, Italy’s first. The installation of 10 monopiles, each supporting a 3-MW turbine, will begin…

Saipem Warns on Outlook After Mozambique Uncertainty

Apr 28, 2021

Italian energy service group Saipem said it was unable to update its outlook for the year due to uncertainty over a project in Mozambique as it missed first-quarter expectations.Earlier this week French energy group Total declared force majeure…

Santos Green Lights TechnipFMC for Barossa Subsea Scope

Apr 27, 2021

TechnipFMC said it received a notice to proceed for a subsea production system contract from Australian gas producer Santos for the Barossa field development project, located 300 kilometers north of Darwin.The contract scope covers the supply of subsea trees and associated control systems…

BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading

Apr 27, 2021

BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…

Vattenfall Shortlisted for 1 GW French Offshore Wind Tender

Apr 27, 2021

France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm with a capacity of about 1 gigawatt (GW) off Normandy, the company said on Tuesday.Vattenfall and its partners - German…

Subsea Tiebacks: A Troll with a Kinder Surprise

Apr 25, 2021

Equinor’s Troll Phase 3 project has been described as a real Kinder surprise. It’s Equinor’s most profitable project ever and comes with a minimum CO2 intensity for an offshore project. Elaine Maslin takes a look.Later this year, Norway’s Equinor…

Decision Taken to Develop Askeladd Vest for $384M

Apr 23, 2021

Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, which is in the southern Barents Sea. The investment is close to NOK 3.2 billion ($384m).“It is important to Equinor and its partners…

Current News

TGS, CGG, BGP to Carry Out Seismic Surveys Offshore Suriname

TGS, CGG, BGP to Carry Out Seismic Surveys Offshore Suriname

Ørsted Finds Buyer for 50% Stake in 900MW German Offshore Wind Farm

Ørsted Finds Buyer for 50% Stake in 900MW German Offshore Wind Farm

Charter Extension for Solstad's Platform Supplier

Charter Extension for Solstad's Platform Supplier

BW Energy Completes Two Production Wells Offshore Gabon

BW Energy Completes Two Production Wells Offshore Gabon

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