Offshore Energy News

 

ConocoPhillips sells 16.5 pct of North Sea Asset to BP

Jul 03, 2018

U.S. oil producer ConocoPhillips said on Tuesday it would sell a 16.5 percent stake in the Clair field to oil major BP for an undisclosed price. Houston, Texas-based ConocoPhillips will retain a 7.5 percent interest in the North Sea offshore oil field through a unit while BP will hold a 45…

Seadrill Exits Chapter 11

Jul 02, 2018

Offshore drilling rig contractor Seadrill said on Monday it had successfully completed its reorganisation, emerging from a U.S. Chapter 11 bankruptcy process launched last September. The company, once the world's largest offshore driller by the market capitalisation…

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

Jun 21, 2018

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality…

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

Jun 18, 2018

Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the…

Norway Wants to Build Floating Wind Farms

Jun 15, 2018

Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation…

Fugro Tallies ROV Services Contracts with Petrobras

Jun 14, 2018

Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A. - Petrobras in its exploration and production activities.Two new contracts will see Fugro’s ROV spread working to support drilling related activities…

EnBW, Trident Winds JV for Offshore Wind Project in California

Jun 12, 2018

EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector.  Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary…

Clash of the Russian Energy Titans

Jun 01, 2018

Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week, Rosneft won…

Offshore Energy: Semco to Prep Rig Floatel Victory for Action

May 28, 2018

Semco Maritime has won the contract to upgrade the Floatel Victory accommodation rig. Following the upgrade, the rig will sail out to undertake a contract in the British sector of the North Sea for Maersk Oil UK. Floatel Victory, owned by Floatel International…

Oil Slips Further as Focus on OPEC Mounts

May 24, 2018

U.S. crude, gasoline inventories rise unexpectedly as Brent-WTI spread nears widest margin in three years. Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal…

US Military Seeks Rules for Drilling in Gulf of Mexico

May 11, 2018

An expansion of oil drilling in the eastern Gulf of Mexico would interfere with U.S. military testing unless the Pentagon and another agency develop rules to govern the work, the U.S. Department of Defense said in a report this week.The Defense…

Op/Ed: Connecting to the Future of Offshore

May 04, 2018

120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10,000 feet beneath the water. Keeping such sea monsters in good working order, often for years at a time, is no mean feat…

In US Gulf, Robots, Drones Take on Dangerous Offshore Oil Work

May 03, 2018

At BP's massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed 'Maggie' by BP, the dangerous inspection…

Boaters Strike Decommissioned Oil Rig

Apr 30, 2018

The U.S. Coast Guard said it has medevaced five boaters who were injured after striking a decommissioned oil rig in the Gulf of Mexico, Sunday.Coast Guard watchstanders in New Orleans received a mayday call on VHF-FM Channel 16 at 12:03 a.m…

Interview: Antony Croston, Trelleborg Offshore

Apr 26, 2018

Antony Croston is Business Group Director at Trelleborg’s offshore operation in Houston, responsible for the externally-facing functions of the business covering engineering, business development and project management.MTR caught up with Croston…

Current News

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Dutch Gov't Grants Subsidy for Offshore Green Hydrogen Project

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"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Schlumberger Issues Bullish Forecast as 2Q Profit Beats Estimates

Schlumberger Issues Bullish Forecast as 2Q Profit Beats Estimates

Large Offshore Hydrogen Park in Germany Moves Step Closer

Large Offshore Hydrogen Park in Germany Moves Step Closer

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