Offshore Energy News

 

Equinor Expands Asian Presence

Sep 24, 2018

Equinor will open a new office in Tokyo later this week and its first office in India by early next year, said Tor Martin Anfinnsen, senior vice president for trading and marketing for Equinor.'It's our ambition to grow in Asia both in terms of volumes and geography…

Total Makes Major Offshore UK Gas Discovery

Sep 24, 2018

French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea.Total said preliminary tests on the new gas discovery confirmed good reservoir quality…

Tullow Oil abandons First Namibian Well

Sep 24, 2018

Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday.'The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia…

NRCAN Grant Triggers Major Investment in the Bay of Fundy

Sep 21, 2018

The next wave of tidal energy development at the FORCE facility in the Bay of Fundy Nova Scotia has been triggered by a substantial grant of $29,750,000 under the Emerging Renewable Power Program (ERPP) from Natural Resources Canada (NRCan)…

Transocean Norge to Drill for Equinor

Sep 21, 2018

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.The rig has also been awarded a contract…

Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets

Sep 21, 2018

Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter.The deal could value Shell's stake in the Caesar Tonga field at about $1…

Pemex Reaches Deal to See if Talos Find Reaches Its Block

Sep 21, 2018

Mexican state oil firm Pemex has reached a preliminary agreement with a consortium led by Talos Energy to evaluate whether the group's find in the Gulf of Mexico extends into a neighboring Pemex block, the companies said in a statement on Thursday…

Reliance Shuts Field in Krishna-Godavari Basin

Sep 21, 2018

India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months.The closure marks the beginning of the…

Verus Petroleum Buys UK Oil Firm Cieco

Sep 20, 2018

Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' majority owner, Norwegian private equity firm HitecVision, said on Thursday.The acquisition, which…

Semco Maritime Extends Maersk Innovator Cantilever

Sep 20, 2018

Maersk Drilling’s ultra-harsh environment jack-up Maersk Innovator is now heading for operation at the Buzzard field in the Central North Sea following a six-week yard stay at Invergordon, during which main contractor Semco Maritime has extended…

MacArtney Supplies Moog Focal LVEOS Swivel to FPSO

Sep 20, 2018

MacArtney said it has supplied a Low Voltage Electrical Optical Swivel (LVEOS) to Norwegian turret and loading systems provider for intended inclusion into a swivel stack for a floating production, storage and offloading vessel (FPSO).OneSubsea…

O&G Output at Russia's Pacific Sakhalin Island Seen Down in 2019

Sep 20, 2018

Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most…

ESVAGT A/S: Working Closely with the Customer Results in High SOV Efficiency

Sep 20, 2018

Cooperation between ESVAGT and its customer maximizes uptime and increases operating efficiency in offshore wind farms.Since their launch in 2015, ESVAGT’s purpose-built service operation vessels (SOV) have established themselves among the most…

Forum Tackles Decom Challenges

Sep 20, 2018

At its inaugural Collaboration and Innovation in Decommissioning event earlier this month, Decom North Sea brought together more than 110 delegates – from operator and supply chain companies – to focus upon finding solutions to current and future decommissioning challenges…

West Hercules to Drill More Exploration Wells

Sep 19, 2018

Seadrill Norway Operations Limited has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019.The contract includes options for drilling nine additional wells…

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