Offshore Energy News

 

Oil Slides 4% on China Virus Curbs, Climate Warning

Aug 09, 2021

Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations…

Fugro Completes USV Remote Inspection for Woodside

Aug 06, 2021

Fugro has used its first operational Blue Essence uncrewed surface vehicle (USV), the 12 m Fugro Maali, to complete an entirely remote nearshore inspection of three gas trunklines in the North West of Australia for the Woodside operated North West Shelf Project…

OTC & Offshore Innovation: From Sarajevo with L(ament)ove

Aug 06, 2021

As the world has been shut down in stages due to COVID for the past 18 months, the same can’t be said for innovators in the offshore energy sector, many of whom will be honored in Houston August 16-19, 2021, with an OTC Spotlight on New Technology Award…

Brownfield Boost: Vigdis Gets a Subsea (Pump) Lift

Aug 06, 2021

The Vigdis subsea field in the North Sea has produced oil via the Snorre field for 24 years, and when it came on stream in 1997, it was projected to produce 200 million barrels.To date, according to Equinor, it has produced twice that amount…

15 Bids in To Market Guyana Governent Crude

Aug 05, 2021

Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday…

SafeSTS Offers new ‘Green’ Tech for STS Transfers

Aug 04, 2021

A new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector, designed to increase flexibility and efficiency for the export of oil from offshore fields.Traditionally…

World’s Longest [37 km] ETH Production Pipeline installed offshore Norway

Aug 03, 2021

Neptune Energy reports the  installation and testing of the world’s longest traceheated subsea production pipeline at its operated Fenja field in the Norwegian sea.“Completing the installation and testing of the ETH pipe is a great technical…

ROBOTICS: Meet Your New Offshore Robotic Co-workers; Charles, Eddie, ANYmal & Spot

Aug 03, 2021

Within the last 12 months, a series of significant steps have been made in the world of offshore robotics; a number of legged and tracked robots made their first steps onto and around offshore facilities in Malaysia, the Netherlands, Norway and the US…

Subsea 7 Takes Majority Stake in Floating Wind Tech Player

Aug 02, 2021

Offshore services firm Subsea 7 on Monday revealed has reached a deal to acquire a majority interest in the equity of Nautilus Floating Solutions S.L., a Bilbao, Spain-based developer of technology for the floating wind market.Nautilus has developed…

Eni Finds New Oil Offshore Mexico

Aug 02, 2021

Eni announced an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water of the Cuenca Salina Sureste Basin, Offshore Mexico. According to preliminary estimates the new find may contain between 150 and 200Mboe in place…

Market Report: 'Transformation' on the Horizon in the Offshore Rig Market

Aug 02, 2021

The offshore drilling rig market is showing remarkable signs of recovery despite having faced severe headwinds of late. Throw the “green” rig revolution and further consolidation into the mix, and the next few years could be a period of real transformation for the industry…

SapuraOMV Divest Stakes in Peninsular Malaysia Producing Asset

Aug 02, 2021

SapuraOMV announced the completion of the transaction to sell its entire interests, held by SapuraOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed independent oil and gas company…

Seismic Firm CGG Sells GeoSoftware Business

Jul 30, 2021

French seismic data firm CGG has signed a deal with Topicus and Vela Software, for the sale of CGG’s GeoSoftware business.According to the description on CGG's website, GeoSoftware product suite, among other things, helps oil and gas operators…

Nexans' Cable for World's First Harsh-environment Floating Solar Plant

Jul 28, 2021

Offshore cable manufacturer Nexans will deliver export cable for Equinor's floating solar pilot offshore Frøya in Norway. The floating solar project is slated to come online in December 2021 and will be the world’s first floating solar plant operating in rough offshore waters…

Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite 'Huge'

Jul 28, 2021

U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6…

Current News

Norway's August Oil Output Beats Forecast, Gas Lags

Norway's August Oil Output Beats Forecast, Gas Lags

DNV, LISCR Grant AiP for Large Liquefied CO2 Carrier

DNV, LISCR Grant AiP for Large Liquefied CO2 Carrier

Gas Production Resumes from Kistos' Offshore Gas Field as TAQA Wraps Maintenance Work

Gas Production Resumes from Kistos' Offshore Gas Field as TAQA Wraps Maintenance Work

Drillship Arrives in Rotterdam for Conversion into Subsea Mining Vessel

Drillship Arrives in Rotterdam for Conversion into Subsea Mining Vessel

Subscribe for OE Digital E‑News

Offshore Engineer Magazine