Offshore Energy News

 

Offshore Energy Enters New Investment Cycle

Jan 14, 2020

The offshore oil & gas industry is witnessing the beginning of what could be a new investment cycle as worldwide activity is ramping up.Rystad Energy, the energy research and business intelligence company, said  that offshore investments would climb 8% in 2020…

James Fisher Sister Companies Merge

Jan 14, 2020

Offshore services firm James Fisher Offshore (JFO) said it is consolidating its services with those of its sister company James Fisher Subsea Excavation (JFSE). The merger brings subsea excavation services company JFSE under the JFO banner.Jack Davidson…

Orsted Constructs 1st Dutch OWF

Jan 13, 2020

The global leader in offshore wind Ørsted has started construction of its first offshore wind farm in the Netherlands by installing the first foundations at the 752-megawatt Borssele 1 & 2 offshore wind farm (OWF).The Danish renewable energy…

HWWI Intros DECOM Tools for Offshore Wind

Jan 13, 2020

The Hamburg Institute of International Economics (HWWI) has drafted a new market analysis on offshore wind energy and decommissioning in the scope of the INTERREG-North Sea project 'DECOM Tools'.Against the background that offshore wind energy…

Offshore Operational Production Costs Down

Jan 08, 2020

Operational production costs in the oil and gas industry have fallen across the globe, with UK emerging as a cost-cutting powerhouse among global offshore regions.Specifically, the UK North Sea has emerged as a world leader in cost-cutting thanks to increased production…

Sentinel Marine Expands Fleet

Jan 07, 2020

Offshore support vessel operator Sentinel Marine has introduced the newest fleet of emergency response and rescue vessels in the North Sea – and help clean up the offshore environment.All eight ships recently built to order by Sentinel Marine…

BP, Premier Oil in $625M North Sea Deal

Jan 07, 2020

Energy giant BP has agreed a $625m deal to sell a package of North Sea assets. Premier Oil will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Shearwater field…

Apache Makes Major Discovery Offshore Suriname

Jan 07, 2020

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery, dubbed 'among the most anticipated in the world' by one brokerage…

Energean, DEPA Pact for EastMed Pipeline

Jan 05, 2020

UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.The have signed a Letter of Intent…

SGRE Reaches $1.9Bn Green Guarantee Lines

Jan 05, 2020

Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines.'SGRE is moving forward in its strategy of making…

Iran Begins Gas Extraction from South Pars

Dec 31, 2019

Iran begins extraction of natural gas from an offshore rig at South Pars, the largest gas field in the world which is shared between Iran and Qatar, said the country's official media.The extraction of gas will add some 14.2 million cubic meters…

Gazprom Neft Crosses 12-MT Oil at ARCO

Dec 31, 2019

Russian oil and gas company Gazprom Neft said that its Prirazlomnaya offshore platform in the southeastern Russian Barents Sea has produced its 12-millionth metric ton (13.23 MM ton) of ARCO (Arctic-blend) oil.The shipment was delivered by the…

3D Printing for Offshore Wind Turbines Introduced

Dec 30, 2019

IT service provider Accucode is partnering up with RCAM Technologies, a specialist in large-scale concrete additive manufacturing, to develop large-scale, 3D printed concrete structures supporting offshore wind turbines.The partnership with Accucode comes on the heels of a grant announcement…

DSV Completes US Northeast Campaign

Dec 27, 2019

Aqueos Corporation said it has wrapped up saturation diving and remotely operated underwater vehicle (ROV) campaigns for multiple clients in the US Northeast.The saturation diving vessel DP2 DSV Kelly Ann Candies was used to conduct inspection…

Crew of Pacific Warden Released

Dec 25, 2019

Offshore vessel operator Swire Pacific Offshore (SPO) has informed that seven of its crew members of the Pacific Warden,  abducted in a pirate attack offshore Equatorial Guinea in November, have now been released.According to a press release…

Current News

ALP to Tow Giant Coral Sul FLNG from S. Korea to Mozambique

ALP to Tow Giant Coral Sul FLNG from S. Korea to Mozambique

Norwegian Seismic Player Names New CFO

Norwegian Seismic Player Names New CFO

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Stirl Pioner PSV in 8-Month Charter with Equinor

Rubicon Demands Payment from KrisEnergy

Rubicon Demands Payment from KrisEnergy

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