Offshore Regions News - page 5


BP Shares Dip After Warning Weak Refining Will Hit Q2 Profits

Jul 09, 2024

Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 3%.The warning, which led several analysts to lower their earnings estimates…

Energy Trader MET Group Signs 10-year US LNG supply Deal with Shell

Jul 09, 2024

Switzerland-based energy trader MET Group has struck a 10-year deal for Shell to supply it with liquefied natural gas (LNG) from the U.S. on a free-on-board (FOB) basis, it said on Tuesday.MET Group said the agreement will enable it to further diversify its LNG supply portfolio…

First Gas Starts Flowing at SapuraOMV’s Jerun Platform Off Malaysia

Jul 09, 2024

Oil and gas company SapuraOMV has started gas production from its Jerun field, offshore Sarawak in Malaysia.Jerun gas field, part of SK408 production sharing contract (PSC), was discovered in 2015 and the development project reached its final investment decision (FID) in March 2021…

Wood Secures Engineering Work on Shell’s Prelude FLNG Unit

Jul 09, 2024

Engineering consultancy Wood has secured a long-term contract to provide engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude floating liquified natural gas (FLNG) unit.Under the six-year contract signed with Shell…

Eni Finds Oil Offshore Mexico

Jul 09, 2024

Italian energy giant Eni has made a new oil and gas discovery in an exploration well in Block 9 in the Sureste Basin, offshore Mexico.The discovery was made on the Yopaat-1 EXP exploration well, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina…

Avangrid to Sell Kitty Hawk North Offshore Wind Lease Area to Dominion Energy

Jul 08, 2024

Avangrid, the U.S. unit of Spain's Iberdrola, has agreed to sell its Kitty Hawk North offshore wind lease area to utility firm Dominion Energy for about $160 million, the companies said on Monday.Located in offshore North Carolina, Kitty Hawk…

Uncertainty Clouds US Offshore Wind in the Near Term

Jul 08, 2024

U.S. offshore wind aspirations, both federal and state, have resulted in excitement about the potential opportunity of a large U.S. offshore wind market. But uncertainty, initially financially driven and increasingly a result of political uncertainty…

Interocean Opens New Scotland Facilities

Jul 08, 2024

Interocean Marine Services announced its expansion into new Aberdeen and Glasgow premises, reinforcing growth for the maritime experts.Coordinated by FG Burnett, the new Aberdeen warehouse and workshop facility - which are located in Aberdeen’s…

British Renewable Industry Pushes Government to Boost Auction Budget

Jul 08, 2024

Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid.Labour…

Ramboll to Design Foundations for 945MW German Offshore Wind Farm

Jul 08, 2024

Danish engineering group Ramboll has secured a foundation design contract for Gennaker offshore wind farm in the German Baltic Sea.Ramboll's scope of work includes developing the basic and detailed design of 63 monopile foundations that will…

EMGS, Velocitas Team Up for OBN Survey in Barents Sea

Jul 08, 2024

Norwegian offshore survey services firm Electromagnetic Geoservices (EMGS) and Velocitas Geo Solutions have entered into agreement to collaborate on a ocean bottom node (OBN) seismic survey in the Barents Sea.The fully pre-funded OBN survey marks EMGS' first venture into seismic node projects…

Prysmian Performs Record Deep HVDC Subsea Cable Installation

Jul 08, 2024

Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters.This is an industry record breaking installation…

Prosafe’s Safe Caledonia Flotel Set for Check-In at North Sea

Jul 08, 2024

Offshore accommodation rig provider Prosafe has received a letter of intent (LoI) from Ithaca Energy for the charter of its Safe Caledonia offshore accommodation rig for work at the Captain field in the UK sector of the North Sea.As stated in the LoI…

Equinor Starts Production from Kristin South Off Norway

Jul 08, 2024

Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge have started production from the first Lavrans well in the Kristin South area in the Norwegian Sea.The partnership submitted the plan for development and operation (PDO)…

Another Technical Issue Impacts Tyra II Commissioning

Jul 08, 2024

TotalEnergies, the operator of the Tyra II project on behalf of consortium partners, has faced another technical issue during the commissioning of Denmark’s largest offshore gas development.TotalEnergies, the operator of the Danish Underground Consortium in charge of Tyra II redevelopment…

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