Offshore Energy News

 

Equinor Charters Shuttle Tankers for Roncador Field

Sep 27, 2018

Norway's Equinor has entered into time charter contracts with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen) for two newbuild shuttle tankers to transport crude oil from the Roncador oil field in the Campos Basin offshore Brazil.The…

Israeli, Egyptian Partners Buy into Pipeline to Allow Gas Deal

Sep 27, 2018

Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518 million, a deal that will enable natural gas exports from Israel to Egypt to begin as early as the start of 2019, the companies said on Thursday…

Petrobras to Pay $853 Mln US Fine in Car Wash Probe

Sep 27, 2018

Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday.The settlement with U…

Hibiscus Petroleum to Double Production

Sep 27, 2018

Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…

BMT and Sonardyne Partner on Subsea Monitoring

Sep 27, 2018

Engineering consultancy BMT and subsea technology company Sonardyne International Ltd. will together provide advanced integrated marine integrity monitoring solutions to the oil and gas industry under a new agreement announced today at the Rio Oil & Gas exhibition and conference in Brazil…

OMV Starts Offshore Oil Production in United Arab Emirates

Sep 27, 2018

Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1…

Petrobras to Resume Building Its Own Platforms

Sep 27, 2018

Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December…

AgileTek Eyes Korean Offshore Wind Industry

Sep 26, 2018

Subsea engineering analysis consultancy AgileTek has underlined growth plans in South Korea through the formation of a collaborative agreement with Blue Wind Engineering.The Memorandum of Understanding (MOU) will allow for future cooperation…

Shell Sees Peak Output for Brazil's Lula Field in 2020, 2021

Sep 26, 2018

Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…

Oil Eases, but Iran Sanctions Keep Prices Well Above $80 a Barrel

Sep 26, 2018

Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.Brent crude futures were last down 49 cents on the day at $81…

Francis Brown Delivers Specialist Deck Equipment

Sep 26, 2018

Fabrication and engineering specialists Francis Brown Limited delivered deck equipment fabrications for a global supplier specializing in subsea remotely operated equipment which is working on offshore wind farms in the North Sea.In less than 16 weeks…

Total Oil Workers in N. Sea Accept Pay Offer, Cancel Future Strikes

Sep 26, 2018

* The UK's largest union Unite the Union said that offshore oil workers at three of Total's North Sea platforms had accepted a pay offer from the company* The workers have called off future strikes, a union statement said* The workers went on a series of 12 and 24-hour strikes in July and August…

Aker Solutions, Equinor Strengthen Collaboration

Sep 26, 2018

Aker Solutions has signed a strategic, global collaboration agreement with Equinor to ensure mutual and continuous improvement on current and future subsea projects within the domains of safety, quality, technology, execution and cost.'Aker…

EXCEED Developments Reflect Bullish Growth Strategy

Sep 26, 2018

Aberdeen-headquartered well management and performance improvement specialist EXCEED Energy has underlined its continued global expansion with a number of significant contract wins, prompting a key appointment and a move into new premises.Recent…

Total Sees Cash Flow, Output Boost from Deepwater Projects

Sep 25, 2018

Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area…

Current News

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Ithaca Energy CEO Passes Away

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ADNOC Increases Size of Drilling Unit IPO to $1.1B

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Iberdrola Buys CIP Out of Two U.S. Offshore Wind Farms

Iberdrola Buys CIP Out of Two U.S. Offshore Wind Farms

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