Oil And Gas News

 

Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

Jun 18, 2021

Canadian oil and gas company Suncor Energy said an agreement has been reached for the Terra Nova FPSO (and the namesake oil field) which was last year docked shoreside in Newfoundland after Covid-19 prevented the planned drydocking in Spain.Suncor and its partners in the Terra Nova field in the Atlantic Ocean off Canada, in 2019 sanctioned the Terra Nova Asset Life Extension (ALE) project – aimed at extending the production life and capture approximately 80 million barrels of oil…

Early-season Gulf of Mexico Storm Trims Some US Oil Production

Jun 18, 2021

The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday…

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Jun 18, 2021

U.S. oil major Chevron, and a consortium between France's TotalEnergies and Qatar's Qatar Petroleum have submitted winning bids for shallow-water offshore acreage in Suriname, Suriname's national oil company Staatsolie said Friday.Staatsolie…

Odfjell Oceanwind, Siemens Gamesa, Siemens Energy Collaborate on Floating Mobile Offshore Wind Units

Jun 18, 2021

Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy.Under the MoU Odfjell Oceanwind intends to use…

Jailed Ex-Unaoil Exec Ordered to Pay Up Over Iraq Bribery Plot

Jun 18, 2021

A former senior executive of Monaco-based oil and gas consultancy, who was sentenced to jail over a bribery plot in post-occupation Iraq, has been ordered to pay 402,466 pounds ($560,000) by a London judge.The UK Serious Fraud Office (SFO), which prosecuted the case…

Norway's May Oil and Gas Output Tops Forecast

Jun 18, 2021

Norway's oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD's forecast for the month had stood at 1…

Taqa Files Decommissioning Plan for Cormorant Alpha Platform Topsides

Jun 18, 2021

Oil and gas company Taqa has filed plans for the decommissioning of the topsides of the Cormorant Alpha platform in the North Sea.The Cormorant Alpha platform is located in Block 211/26 of the Northern North Sea (NNS),  approximately 103 km…

Romgaz, ExxonMobil in Exclusive Talks for Black Sea Block Deal

Jun 18, 2021

Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…

Williams, Beacon Sign Pipeline Deal for Shenandoah Field in Gulf of Mexico

Jun 18, 2021

U.S. Gulf of Mexico pipeline operator Williams has struck a deal with Beacon Offshore to provide offshore gas gathering and transportation services and onshore gas processing services to the Shenandoah offshore development.Williams will provide…

Esvagt Brings More Offshore Vessels into Service as Demand Spikes

Jun 18, 2021

Danish offshore vessel owner Esvagt is seeing an increase in activity and has brought more vessels into service to keep up.'Increased activity in the autumn and again this spring have brought more Esvagt vessels into service; most recently the ’Esvagt Castor’ and the ’Esvagt Carpathia’…

Biden May Hinder Oil and Gas Drilling Despite Court Loss

Jun 18, 2021

U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions…

Aker BP Brings Online Gray Seal Offshore Oil Field

Jun 18, 2021

Production has kicked off from the Gårsel (Gray Seal) oil field in the Skarv area, off the coast of Norway, four months ahead of plan, according to Norwegian oil and gas giant Aker BP.Aker BP CEO, Karl Johnny Hersvik said: 'I’m very proud of…

Shell Teams Up with BKK, Lyse to Bid in Norway's 1st Offshore Wind Tender

Jun 17, 2021

Oil major Shell teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades…

ABB Wins UTC Award for Subsea Electrification Technology

Jun 17, 2021

ABB's subsea power system, capable of distributing up to 100 MW of electricity over long distances and in ultra-deepwater, has won this year’s Underwater Technology Conference (UTC) Award.ABB’s US$100 million Subsea Power Joint Industry Project…

Wintershall Dea IPO to Be Delayed

Jun 17, 2021

Chemicals group BASF put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies.BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO)…

Current News

Early-season Gulf of Mexico Storm Trims Some US Oil Production

Early-season Gulf of Mexico Storm Trims Some US Oil Production

Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Siem Offshore Sells AHTS Duo to Reduce Debt

Siem Offshore Sells AHTS Duo to Reduce Debt

Subscribe for OE Digital E‑News

Offshore Engineer Magazine