Offshore Regions News - page 2

 

Vår Energi's Shareholders Launch Strategic Review

Oct 27, 2021

Eni and Point Resources plan to launch a strategic review regarding the future ownership structure of the Norwegian offshore oil and gas company Vår Energi.Italian oil giant Eni a owns 69.85% stake in Vår Energi, and HitecVision-backed Point Resources owns the remaining 30…

Neptune Energy Drills Duster at Tail Prospect Offshore Norway

Oct 27, 2021

Oil and gas company Neptune Energy Norge AS has concluded the drilling of the exploration well 33/6-5 S (Tail prospect) in the North Sea, off Norway. According to the Norwegian Petroleum Directorate, the well is dry.Neptune drilled the wildcat well using the Deepsea Yantai drilling rig…

Iberdrola's Net Profit Falls 10% on High Energy Costs, Taxes

Oct 27, 2021

Global wind power leader Iberdrola reported a 10% fall in net profit on Wednesday but beat market expectations for a turbulent nine months on energy markets which saw its home government in Spain swoop on utilities' earnings.Power and gas prices…

Equinor Posts Strongest Quarterly Result in Nine Years

Oct 27, 2021

Norway's Equinor posted its strongest quarterly result in nine years on Wednesday, driven by a global energy supply crunch that pushed Europe's natural gas prices to record highs and sent the value of derivative contracts soaring.The company…

Liza Unity FPSO Reaches Guyana

Oct 27, 2021

Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…

Two-year Charter: ExxonMobil Hires Valaris Drillship for Angola Drilling

Oct 27, 2021

U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola.The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola.Delivered in 2015 by Samsung Heavy Industries in South Korea…

DEME Offshore Installs Final Foundation for Ørsted’s Giant Offshore Wind Farm in UK

Oct 26, 2021

Belgian offshore installation company DEME Offshore has installed the final and 165th monopile foundation at Ørsted’s Hornsea Two wind farm,  in the UK. The wind farm will be the largest offshore wind farm in the world once operational in 2022…

Petrobras Eyes Sale of Catuá Deepwater Field

Oct 26, 2021

Brazilian oil company Petrobras is continuing with its strategy of divesting non-core assets so it can focus on its 'world-class' deepwater and ultra-deepwater assets.It last Friday started the opportunity disclosure stage, regarding the sale of its entire stake (100%) in the Catuá Field…

Vard Electro Batteries for Siem Offshore's Subsea Construction Vessel

Oct 26, 2021

Vard Electro will deliver its largest battery package to date as part of a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link…

Offshore Plug and Abandonment Alliance Launched in Norway

Oct 26, 2021

Offshore drilling contractor Odfjell Drilling has said that its business divisions Odfjell Energy and Odfjell Well Services have launched a plug and abandonment (“P&A”) and slot recovery alliance with leading companies within the energy industry…

Vestas: Construction of Wind Turbines for Japanese Project Nearly Complete

Oct 26, 2021

Danish wind turbine maker Vestas has said it has completed the construction of all the blades, nacelles, and most of the tower sections for Akita Offshore Wind Corporation's Akita Noshiro offshore wind farm project in Japan.The project will be Japan's first utility-scale offshore wind farm…

Wintershall Dea Q3 Earnings More than Double on Higher Prices, Spending cuts

Oct 26, 2021

Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts.The company, owned jointly by BASF and Russia's LetterOne…

Neptune Energy Starts Drilling Production Wells at Fenja Field. First Oil in 1H 2023

Oct 26, 2021

Oil and gas company Neptune Energy has started drilling the first of four production wells on the Fenja field in the Norwegian Sea.The wells are being drilled by the Deepsea Yantai semi-submersible rig, owned by CIMC, and operated by Odfjell Drilling…

Hezbollah Warns Israel against Drilling in Disputed Waters

Oct 25, 2021

The leader of Lebanon's Hezbollah on Friday warned Israel against drilling for oil and gas in the disputed maritime border area between the two countries until the issue is resolved, and said the Iran-backed group would take action if it did so…

BW Energy to Buy Aquadrill's Drilling Rig and Convert It into Production Floater

Oct 25, 2021

Oslo-listed oil and gas company BW Energy has agreed to buy the semi-submersible drilling rig 'Leo', from Aquadrill, a Seadrill affiliate, to use as a production unit for offshore field development in Namibia.Leo (ex-West Leo) is a 6th generation…

Current News

Aker BP Raises Dividend as Q3 Profit Jumps on Strong Oil, Gas Prices

Aker BP Raises Dividend as Q3 Profit Jumps on Strong Oil, Gas Prices

Orcadian Gets Three FPSO Proposals for Pilot Field

Orcadian Gets Three FPSO Proposals for Pilot Field

Weak Q3 and Mixed 2022 Guidance Overshadow Saipem's New Plan

Weak Q3 and Mixed 2022 Guidance Overshadow Saipem's New Plan

Bureau Veritas Wins Work on Ithaca Energy's North Sea Assets

Bureau Veritas Wins Work on Ithaca Energy's North Sea Assets

Subscribe for OE Digital E‑News

Offshore Engineer Magazine