Offshore Energy News

 

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…

Kongsberg to Equip New Heavy Lift Crane Vessel

Sep 25, 2018

Kongsberg Maritime has secured a contract worth approximately $13 million to equip a new heavy lift crane vessel for Offshore Heavy Transport (OHT) with an innovative technology suite. The vessel, a customized Ulstein Design & Solutions BV design…

Jumbo to Transport, Install FSRU Mooring System

Sep 25, 2018

Jumbo has been awarded the transportation and Installation of a FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe.Jumbo’s Offshore division was awarded the contract by Sapura to perform the transportation and…

Guyana Puts Oil Auctions on Hold

Sep 25, 2018

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group…

Ashtead Delivers Installation Monitoring Services to Subsea 7

Sep 25, 2018

Subsea equipment specialist Ashtead Technology said it has completed a subsea installation monitoring project for Subsea 7 in support of Equinor’s Utgard development, located in blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.The contract…

Marine Survey Work Starts for Greenlink Interconnector

Sep 25, 2018

The subsea field work for the Greenlink interconnector, one of Europe’s most important infrastructure projects, gets under way with the launch of the first of MMT’s survey vessels, MV Franklin.The offshore and nearshore surveying along the proposed…

Total Buys Chevron's Interest in Danish Underground Consortium

Sep 25, 2018

French oil and gas major Total said it has agreed to take all of Chevron's share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence.The acquisition comes a day after…

Alpha Completes Record Number of Blade Inspections

Sep 25, 2018

Alpha Offshore Service reports it has completing more than 4,000 offshore wind turbine blade inspections to date in 2018, a company record. This is an increase of 56 percent compared to 2017, which was previously its most productive period.The…

Hess Has No Plans to Sell Remaining Asian Assets

Sep 25, 2018

U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.While the company sold assets in Thailand…

Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir

Sep 25, 2018

Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…

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