Offshore News

 

Output Shut at North Sea Platform Due to Covid Outbreak

Jan 22, 2021

A Covid 19 outbreak on Ithaca Energy's FPF-1 platform in the UK North Sea has forced the oil and gas company to shut down production. In total, four crew members from the offshore production platform have tested positive and have been sent ashore. In a statement sent to Offshore Engineer, Ithaca Energy said that, first, a crew member onboard the FPF-1 platform was medevac’d on January 19, 2021, due to displaying coronavirus (COVID-19) symptoms…

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Jan 22, 2021

Norwegian offshore vessel company Solstad Offshore has secured four contracts in the renewables and subsea sectors for three of its Normand Energy, Far Samson, and Normand Jarstein.The Normand Energy vessel, currently in Norway, will support a project for an unnamed client in the Pacific Ocean…

Subsea 7 Nets 'Substantial' Offshore Platform Order in Angola

Jan 22, 2021

Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…

PetroRio Nears Full Takeover of Frade Offshore Field. Decom Costs Cut

Jan 22, 2021

Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…

Dana Taps KenzFigee for Lifting Services on Two FPSOs

Jan 22, 2021

Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…

Palfinger Cranes for Fécamp Offshore Wind Farm

Jan 22, 2021

Crane provider Palfinger has won a deal to deliver cranes for the Fécamp offshore wind farm project in France. The 500 MW offshore wind farm named Fécamp, sanctioned by EDF Renewables, Enbridge, and wpd in June 2020, will feature 71 Siemens…

Four Firms Looking to Develop Green Hydrogen Hub in Hamburg

Jan 22, 2021

Shell, Mitsubishi Heavy Industries (MHI), Vattenfall, and municipal company Wärme Hamburg are planning to jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity.  In addition…

Equinor Studying Drone Use in Offshore Oil and Gas Environment

Jan 22, 2021

Norwegian drone company Nordic Unmanned has signed a contract with energy giant Equinor to conduct a study on how Remotely Piloted Aircraft Systems (RPAS) could be used in offshore airspace between installations and vessels, in search and rescue (SAR) operations…

Woodside Sees Global LNG Market Tightening

Jan 22, 2021

Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…

Nexans Charters Havila Phoenix Vessel

Jan 21, 2021

Norwegian offshore vessel operator Havila Shipping has won a charter deal with offshore cable provider Nexans for its Havila Phoenix subsea construction vessel.The contract with Nexans Norway is for a firm period of 90 days with optional periods of 90 days and is expected to start during April 2021…

Offshore Maintenance Backlogs: Breaking the Cycle

Jan 21, 2021

According to Rystad Energy, offshore maintenance budgets were slashed by at least 35% in 2020, thanks to severe spending cuts and Covid-19 restrictions. This could create conditions with a result of equipment failure, asset downtime, and critical health and safety issues…

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

Jan 21, 2021

Subsea umbilical supplier JDR has won a contract with UMD Energy to deliver a 2.7km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.The umbilical will provide the connection from the unmanned remote platform to the subsea production control system…

Mubadala Takes Stake in Egyptian Offshore Block

Jan 21, 2021

Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt. Mubadala said Thursday that Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, had signed the concession agreement…

NEO Energy in Exclusive Talks to Buy ExxonMobil's North Sea Assets

Jan 21, 2021

North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant's UK North Sea assets.NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful…

These Countries Offer Best Profit Conditions for Large Offshore Developments

Jan 21, 2021

The United Kingdom, Kuwait, Canada, United States, Colombia top energy intelligence firm Rystad's list of countries that offer the best fiscal conditions for the development of large offshore oil fields.After what has been described as a disappointing year for offshore sanctioning…

Current News

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Spirit Energy in 5-year Agreements with Subsea 7, TechnipFMC, and DNV GL

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Solstad Offshore Vessel Trio Gets Renewables, Subsea Deals

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

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