Offshore News

 

U.S. to Put $1B on Euro Energy Projects

11 hours ago

In a move that might make some nervous, the United States — through its “strategic” investment arm, the newly enlarged International Development Finance Corporation — has announced plans to invest USD 1 billion on unspecified European energy projects. The caveat, judging by Tweets from Secretary of State Pompeo and his online Munich Security Conference Speech titled, The West is Winning, is that the projects ought to ward off Russian and Chinese influence…

Cooper's Sole Offshore Gas Field to Go Online by February End

7 hours ago

Australia's Cooper Energy has said that the production of gas from its Sole gas project is set to begin later in February, with full production aimed for March.The company said Tuesday the Sole Gas Project had passed a critical milestone with…

Where Next for Exploration in Asia Pacific?

8 hours ago

The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration…

Romania's Romgaz Eyeing Stake in Neptun Deep Offshore Project

8 hours ago

Romania's Romgaz said it has agreed with OMV Petrom and Poland's PGNiG to make a joint offer for Exxon Mobil's 50% stake in a long-stalled offshore natural gas project in the Black Sea if the U.S. company decides to sell.State-owned Romgaz would…

Lundin Gets OK for Barents Sea Wildcat

9 hours ago

Lundin Norway has received regulatory consent from the Norwegian Petroleum Directorate to drill an exploration well in the License 609 in the Barents Sea.Lundin will use the West Bollsta semi-submersible drilling rig for the operation. Lundin operates the block with a 40 percent ownership…

Early Charter Termination for SFL Trio

9 hours ago

Solstad Offshore has terminated three AHTS bareboat charter agreements with SFL Corporation.Solstad said that the three medium-size vessels Sea Cheetah, Sea Jaguar, and Sea Leopard, would be handed back to SFL - ex-Ship Finance Internation - during the first quarter of 2020…

Petronas Carigali Charters Alam AHTS

11 hours ago

Malaysian offshore services provider Alam Maritim has been awarded a vessel contract by Petronas Carigali.Under the contract, announced Tuesday – but awarded in December 2019 – Alam is providing an anchor handling tug and supply vessel for the Malaysian company…

Funding Granted for Offshore Wind-To-Hydrogen Project

12 hours ago

Gigastack, a project designed to create renewable hydrogen from offshore wind at industrial scale, has been awarded GBP 7.5 million funding for the second phase of the project.Led by ITM Power, Ørsted, Phillips 66 Limited and Element Energy…

Petrofac Lands Huge Offshore Deal with ADNOC

13 hours ago

Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…

Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

13 hours ago

Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…

DOF Vessel to Work for Dutch Navy

14 hours ago

Article updated to add more info on the scope of workOffshore vessel supplier DOF Subsea has found work for its Geosea vessel outside of the offshore energy sector.The 84.8 meters long vessel has been awarded a contract with N-Sea, with the end client being the Royal Netherlands Navy…

Shell, i-Tech 7 Team Up to Speed Up Subsea Digitalization

15 hours ago

Subsea 7’s Life of Field business unit i-Tech 7 has partnered up with Shell in a technology agreement aimed at speed up subsea digitalization, initially for a period of five years from the fourth quarter of 2019.The agreement, i-Tech said Tuesday…

Posco Strikes Gas Offshore Myanmar

15 hours ago

South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…

EU Clears OLT Takeover by SNAM and FSI

16 hours ago

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

Transocean Drilling Revenues up at $792M

16 hours ago

Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…

Current News

PGS, Cognite Partner on Seismic Surveying

PGS, Cognite Partner on Seismic Surveying

Eddyfi/NDT Buys Norway's Halfwave

Eddyfi/NDT Buys Norway's Halfwave

Cooper's Sole Offshore Gas Field to Go Online by February End

Cooper's Sole Offshore Gas Field to Go Online by February End

Where Next for Exploration in Asia Pacific?

Where Next for Exploration in Asia Pacific?

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