Offshore Europe News

 

Norwegian OSV Player Enters Tanker Game

Jan 21, 2020

Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on Tuesday said it would enter the tanker market by acquiring a 33.3% ownership in a newly built VLCC.Delivery from the yard, Daewoo Shipbuilding & Marine Engineering Co in Korea…

Lukoil Eyeing Azeri Offshore Blocks

1 hour ago

Russian oil giant Lukoil plans to sign an agreement with Azerbaijan's state energy company SOCAR for two offshore blocks in Azerbaijan, the Interfax news agency reported on Wednesday. CEO Vagit Alekperov told reporters in Davos that the two firms are discussing a number of projects…

PGS to Raise $95M in New Equity to Refinance Debt

3 hours ago

Norway's seismic surveyor PGS plans to raise up to 850 million Norwegian crowns ($95 million) in new equity via a private placement to partly refinance its debts maturing in the next 18 months, the company said on Tuesday. The Oslo-listed company…

Fred. Olsen Windcarrier Removes Perenco Gas Platforms

Jan 21, 2020

Fred. Olsen Windcarrier’s jack-up vessel Blue Tern has recently completed the offshore works related to decommissioning of two gas platforms for Perenco UK Limited. Fred. Olsen Windcarrier said this week that the work had been done in during the second week of January…

Orsted CEO Favors Small Deals Over Big M&A

Jan 21, 2020

Denmark's Orsted, the world's largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said on Tuesday, opting instead for a string of small deals as a strategy to grow.'I'm fundamentally convinced…

Egdon Shares Soar as Shell Farms Into Its Offshore Blocks

Jan 21, 2020

Shares of London-listed Egdon Resources jumped on Tuesday following news that oil giant Shell farmed into Egdon's UK offshore licenses P1929 and P2304.Under the agreement, Shell will become the operator and will acquire a 70% interest in both blocks…

Edison Norge Defrauded of 12.5M Euros

Jan 21, 2020

Italian energy company Edison has said its Norwegian subsidiary has been defrauded of 12.5 million euros.'Edison announces that the Edison Norge company, based in Norway and controlled by Edison International, in turn wholly owned by Edison Exploration & Production (Edison E&P)…

BP CFO to Retire. Successor Named

Jan 21, 2020

British oil major BP will appoint Murray Auchincloss as new CFO, as Brian Gilvary has decided to retire in June after eight years in position, and 34 years with the company. Auchincloss currently serves as CFO of BP’s Upstream segment and will take up the role of BP CFO and join the board on July 1…

SeaTwirl Gets EU Patent

Jan 20, 2020

Swedish wind power company SeaTwirl has secured a patent from the European Patent Office (EPO) for its divisible offshore wind turbine.SeaTwirl has already been granted the same patent in Sweden, USA and China. SeaTwirl is a vertical floating…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…

End of the Line for Safe Bristolia Flotel

Jan 20, 2020

Offshore accommodation specialist Prosafe has agreed to sell the Safe Bristolia flotel for scrap.In an operational update for the fourth quarter of 2019, Prosafe on Monday said that it had entered into an agreement to sell the Safe Bristolia…

Croatia's DIV Buying Norway's Kleven Shipyard

Jan 20, 2020

Croatian DIV Group is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels.DIV, which owns the Brodosplit shipyard in Split Croatia, has signed an agreement to buy the Norwegian company based in Ulsteinvik…

Turkey Spars with EU Over Fresh Drilling Off Cyprus

Jan 20, 2020

Turkey called on Sunday for the European Union to end what it said was the bloc's prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling off the Mediterranean island.Turkey began drilling for oil and gas near Cyprus last year despite warnings from the EU…

Long-Term Charter for Eidesvik PSV with Equinor

Jan 20, 2020

Offshore vessel supplier Eidesvik Offshore has secured a long-term charter for one of its platform supply vessels.The Norwegian company said Monday its 2003-built PSV Viking Energy had secured a five-year time charter with Equinor.Equinor will have options to extend the charter further…

Aker BP to Use Maersk Integrator Rig at Ivar Aasen Field

Jan 20, 2020

Norwegian offshore oil company Aker BP has awarded the Maersk Integrator jack-up drilling rig a contract for work at the Ivar Aasen field offshore Norway.Maersk Drilling, the rig's owner, said Monday that the Maersk Integrator would move to…

Current News

Vestas Working on Zero-Waste Wind Turbines

Vestas Working on Zero-Waste Wind Turbines

Lukoil Eyeing Azeri Offshore Blocks

Lukoil Eyeing Azeri Offshore Blocks

Edison Spuds Egypt Offshore Well

Edison Spuds Egypt Offshore Well

FAR Inks Sangomar Oil Offtake Deal with Glencore

FAR Inks Sangomar Oil Offtake Deal with Glencore

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