Offshore Energy News

 

EDP Renewables Opens Wind Farm in Spain

Nov 25, 2018

Portuguese renewables company EDP Renewables (EDPR) has inaugurated the Muxía Wind Farm in the homonymous municipality, in the Autonomous Spanish Region of Galicia.A press release from the wind energy producer said that its CEO Jõao Manso Neto…

Montha-1 Exploration Well Disappoints KrisEnergy

Nov 25, 2018

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand…

China's First Deepwater Multi-Purpose Vessel Wins Accolades

Nov 25, 2018

China’s first multi-purpose offshore vessel “Offshore Oil 286” has won the top 20 national excellent ocean engineering projects selected by China Consultant Association of Ocean Engineering.The deepwater engineering ship invested and constructed by Offshore Oil Engineering Co…

Nordic American Offshore Shelves Horizon Maritime Combination

Nov 25, 2018

The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: 'The contemplated business combination…

Incoming Petrobras CEO: No Decision Yet on Future Pre-salt Auctions

Nov 23, 2018

No decision has yet been taken on the types of contract to be offered in Brazil's pre-salt deep water oil auctions, the incoming head of Petroleo Brasileiro SA said on Thursday, adding that fuel price policy is still being discussed.(Reporting by Mateus Maia Editing by Marguerita Choy)

Big Oil Digs North Sea's 'Final Frontier'

Nov 23, 2018

'Little hope of THIS rock ever producing oil,' BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea.That same rock is today the heart of BP's prized Clair field in the West of Shetland region…

BP: First Oil Production at Clair Ridge

Nov 22, 2018

Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge, the second phase of the development of the Clair Field, 75 kilometers west of Shetland…

Ineos Completes Clipper South Re-routing Project

Nov 22, 2018

UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…

Equinor Energy Strikes Gas in Barents Sea

Nov 22, 2018

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion…

Ashtead Technology Acquires Welaptega

Nov 22, 2018

Subsea equipment solutions specialist Ashtead Technology said it has bolstered its inspection, maintenance and repair (IMR) services and capabilities with the acquisition of Canadian-based underwater inspection company Welaptega.The transaction…

Norway Oil Firms Raise 2019 Investment Forecast

Nov 22, 2018

Oil and gas companies operating in Norway have raised their investment forecasts for 2019 to 175.3 billion Norwegian crowns ($20.6 billion) from 165.1 billion seen in August, a survey by the country's statistics agency (SSB) showed on Thursday…

Heerema Fabrication Group Sells UK and Netherlands Yards

Nov 22, 2018

Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market.HFG has…

Faroe Petroleum Spuds Well off Norway Coast

Nov 21, 2018

Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.The oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK announced…

Chevron: First Oil From Big Foot

Nov 21, 2018

U.S. supermajor Chevron announced that its operated Big Foot deepwater project in the U.S. Gulf of Mexico has started crude oil and natural gas production.The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5…

ROV Innovation Saves Millions for Woodside

Nov 21, 2018

An innovative use of remotely operated underwater vehicle (ROV) technology for subsea jacket inspections at Australia’s largest oil and gas development has demonstrated substantial cost reductions and operational improvements.In March this year…

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