Offshore Energy News

 

Exxon Mobil Pulls Staff From Gulf Platform Ahead of Tropical Storm Michael

Oct 08, 2018

Exxon Mobil said on Monday it was evacuating personnel from a Gulf of Mexico platform as Tropical Storm Michael approached the U.S. Gulf of Mexico.The world's largest publicly traded oil producer does not currently expect the staff reduction at its Lena production platform to impact output…

BMT Wins Marine Monitoring Contract with BP

Oct 08, 2018

BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semi-submersible floating production facility in the Gulf of Mexico. These systems will play an important role in ensuring the day to day operations of the facility are conducted safely…

Orsted Expands US Business with $510 Mln Acquisition

Oct 08, 2018

Orsted, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.The still small U.S. offshore wind sector is seen as one…

Equinor's Martin Linge Field Costs Rise Again, Start-up Delayed

Oct 08, 2018

Norway has again revised up the estimated cost of developing the Martin Linge oil and gas field, which state-controlled Equinor bought from France's Total last year, with the start-up delayed until 2020, according to the fiscal budget.The North…

Ensco to Buy Rowan in $2.38 Bln Deal

Oct 08, 2018

Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal…

Gulf Island Shipyards Sues Hornbeck Offshore

Oct 08, 2018

Gulf Island Shipyards (GIS) has sued Hornbeck Offshore over what it says is the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV) newbuild program earlier this year…

Shelf Drilling Bags Adriatic Sea Offshore Contract

Oct 08, 2018

Jack-up rig specialist Shelf Drilling announced that one of its subsidiaries has secured a two-year contract for the Key Singapore with Eni for operations in the Adriatic Sea offshore Italy.The contract includes a one-year option period, and the planned commencement window is from May to July 2019…

Neptune Energy Names Estensen Managing Director for Norway

Oct 05, 2018

Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector…

Aker Solutions to Supply Subsea Production System for Mero 1

Oct 05, 2018

Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area…

Petrobras Repays 2 Bln Real Loan, Opens Fresh Credit Line

Oct 05, 2018

Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.The…

Boskalis Wins Subsea Contract at Tyra Gas Field

Oct 04, 2018

Royal Boskalis Westminster N.V. has been awarded the Tyra Redevelopment Subsea Installation Phase II contract by Total E&P Denmark.The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment…

Aker Solutions to Provide Brownfield Services for BP in Angola

Oct 04, 2018

Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The work scope covers the supply of engineering, procurement…

Lundin Acquires Equinor's Luno II Stake

Oct 04, 2018

Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…

Seaspan to Invest $200 Mln into Offshore Vessel Owner Swiber

Oct 04, 2018

Singapore-based offshore contractor Swiber has signed a $200 million deal with box ship player Seaspan Corporation, just days after it announced the expiry of a term sheet for a share swop arrangement with Australian power generation firm, Interlink Power & Energy Holdings…

Petrobras Test Well at Mero Field Reached 58,000 BPD

Oct 03, 2018

Oil company Petróleo Brasileiro SA, or Petrobras, said on Wednesday it finished a long-term test at the Mero field in the Libra pre-salt area with positive results.The Brazilian company said in a statement that the well used for the test in Mero reached an average production of 58…

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