Offshore Regions News - page 2

 

Saudi Aramco’s Quarterly Profit Goes 15% Down

Nov 05, 2024

Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1 billion for the quarter.Aramco posted net income of $27.6 billion in the three months to Sept…

Valeura Energy Consolidates Thai Oil and Gas Assets

Nov 05, 2024

Canada-based oil and gas company Valeura Energy has completed the internal restructuring operation, transferring its working interests in the Nong Yao, Manora and Wassana fields to its wholly-owned Thailand subsidiary.Valeura's working interests in all its Thai III fiscal contracts…

Shell Pauses Gulf of Mexico Drilling Ops, Moves Personnel to Shore Amid Hurricane Forecast

Nov 05, 2024

Shell has paused some drilling operations in the Gulf of Mexico and moved non-essential personnel to shore amid weather disturbance which could become a hurricane.As a precautionary measure, Shell started moving non-essential personnel to shore from its Appomattox…

Enersol to Acquire Deep Well Services in $223M Deal

Nov 04, 2024

Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi Holdings, has signed an agreement to acquire a U.S.-based oilfield services company Deep Well Services (DWS) for approximately $223 million, including performance-based payments…

New Industry Alliance Targets Tech Supply for Multi-MW Tidal Energy Projects

Nov 04, 2024

SKF, Proteus Marine Renewables, and GE Vernova’s Power Conversion business have signed a memorandum of understanding (MoU), setting out the framework for a potential alliance to supply tidal turbine generation systems to developers of tidal arrays for commercial tidal stream projects…

Sweden Greenlights One, Rejects 13 Offshore Wind Farms

Nov 04, 2024

The Swedish government said on Monday it had rejected applications to build 13 offshore wind farms in the Baltic Sea due to defense concerns, while it had given the go ahead to one on the country's west coast.Defense Minister Pal Jonson told…

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Nov 04, 2024

TotalEnergies has signed a sales agreement with China’s Sinopec for the delivery of 2 million tonnes of liquefied natural gas (LNG) per year for 15 years, starting in 2028.With the major agreement with one of the leading LNG players in the country…

Canada Set to Present Emissions Cap Plan for Oil and Gas Sector

Nov 04, 2024

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.A government announcement issued on Sunday said the draft plan would be released at 1 p…

Exxon, Chevron Profits Beat Estimates as US Oil Output Soars to Record Level

Nov 04, 2024

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins.The two focused on expanding…

Viridien, TGS and Aquila Holdings Deliver Utsira OBN Reprocessing Project

Nov 04, 2024

Viridien and its partners TGS and Aquila Holdings, under its subsidiary Axxis Multi Client, have completed the reprocessing of the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.Utsira is the largest OBN survey conducted…

Norwegian Firm Applies for Offshore Wind Lease in Chile

Nov 04, 2024

Deep Wind Offshore has applied for area lease for one floating and one bottom-fixed offshore wind project on the Chilean coastline.The offshore wind projects will be managed and operated locally. The goal is to create local jobs, engage local suppliers…

TechnipFMC and Prysmian Form Floating Wind Partnership

Nov 04, 2024

TechnipFMC and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.The collaboration agreement brings together the technologies…

First Installation Campaign at Coastal Virginia Offshore Wind Farm Wraps Up

Nov 04, 2024

Dominion Energy has installed 78 monopile and four offshore substation foundations for as part of the first offshore construction campaign for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project.CVOW, the largest offshore wind project under construction in the United States…

Sea1 Offshore Orders Two Offshore Energy Support Vessels

Nov 04, 2024

Sea1 Offshore, formerly Siem Offshore, has entered into shipbuilding contracts with Cosco Shipping (Qidong) Offshore for two new offshore energy support vessels.Based on ST-245 design, the vessels will have capabilities to serve both oil and gas and renewable energy markets…

Eni Concludes $1B Sale of Offshore Oil and Gas Assets in Alaska

Nov 04, 2024

Italian energy giant Eni has completed the sale of its Nikaitchuq and Oooguruk assets upstream offshore assets in Alaska to Hilcorp for $1 billion.The transaction, which received the approval of all relevant authorities, is in line with Eni’s…

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