Offshore Energy News

 

Noble Energy Cashes Out of Tamar Petroleum After Egypt Gas Deal

Oct 03, 2018

Texas-based Noble Energy sold its 43.5 percent stake in Israel's Tamar Petroleum after announcing last week that it would help finance a gas export deal with Egypt, the Israeli business daily The Marker reported on Wednesday.Noble's sale of 40 million Tamar shares…

Chevron Extends North Sea Contract with Petrofac

Oct 03, 2018

Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited. The agreement, which has been held by Petrofac since 2014, commenced on September 30…

Interventek Secures $1.3m Order from PRT Offshore

Oct 03, 2018

Interventek Subsea Engineering has secured recent orders in excess of £1 million ($1.3 million) for itsRevolution in-riser shear and seal safety valve.The orders represent repeat business, from Louisiana based Professional Rental Tools LLC (PRT…

Baker Hughes to Bid for Petrobras Production-sharing Contract

Oct 03, 2018

General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…

Subsea 7, OneSubsea Bag Gulf of Mexico Contract

Oct 03, 2018

Offshore oil services firm Subsea 7 has announced the award of a sizeable contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company.The award is for the deepwater…

The OE Buoy is Taking Shape

Oct 02, 2018

An innovative high-tech wave device currently being built in the U.S. will offer marine-based big data centers the chance to power up while cooling down.The project is a display of Irish marine innovation combined with U.S. engineering prowess…

Unique Group to Provide Survey Vessel Package to Major Government Entity

Oct 02, 2018

Subsea and offshore solution provider Unique Group announced that its Marine & Subsea division has entered into a high value contract with the Southern African Shipyards to provide a turnkey package for hydrographic survey vessels and hydrographic office set up…

Stainless Steel Tubes for Extreme Offshore Conditions

Oct 02, 2018

At the ADIPEC in Abu Dhabi, Schoeller Werk will be presenting its comprehensive range of longitudinally welded stainless steel tubes. The focus will be on solutions for the oil and gas industry. The family company from Germany will be showing…

ADNOC LNG Awards USD 860 mln EPC Contract to Consortium of Tecnicas Reunidas

Oct 02, 2018

ADNOC LNG said it signed an AED 3.16 billion (US$860 million) contract with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company for building the second phase of the Integrated Gas Development Expansion (IGD-E)…

Neptune Energy Acquires VNG Norge

Oct 02, 2018

Oil and gas exploration company Neptune Energy Group announced that it has completed the acquisition of  the Norwegian and Danish offshore oil and gas assets of German gas utility VNG Norge AS.The transaction adds three producing fields, two…

Nordic American Offshore to Merge with Horizon Maritime

Oct 02, 2018

In the latest consolidation in the offshore sector, Nordic American Offshore (NAO) and Canada based  Horizon Maritime Services signed a memorandum of understanding (MoU) to form a fleet of 17 ships capable of operating in offshore environments…

i-Tech Services Adds Mini ROV Capability

Oct 01, 2018

i-Tech Services, a Subsea 7 company, has strengthened its underwater inspection and maintenance capability with the provision of new mini remotely operated vehicles (ROV) for performing subsea operations in challenging environments.Neil Milne…

Mexico Must Boost Oil Exploration to Halt Output Fall -Pemex

Oct 01, 2018

Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday…

Equinor Acquires 40% Stake in Rosebank Project

Oct 01, 2018

Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement…

No-deal Brexit Will Not Interrupt Norwegian Energy Flows to Britain

Sep 28, 2018

Energy exports from Norway to Britain will not be affected even if Britain leaves the European Union without a deal, Norway's energy ministry said on Friday.'Energy trade is governed by bilateral commercial agreements. We hence expect that energy exports from Norway to Britain will not be affected…

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