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Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Jul 02, 2020

The global active offshore drilling rig count for June 2020 was lower by 65 units, compared to June 2019, Baker Hughes' monthly rig count report has shown.Latin America was the only region that saw its offshore rig count rise, Europe and North America saw their numbers halved, but the biggest „loser“ was Africa, with only three offshore rigs active in June.The worldwide active rig count in June was 208…

Japan Identifies 10 Areas for Offshore Wind Projects

Jul 03, 2020

Japan's industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated 'promising areas', as it started a second round of the process to select operators…

Oil Barrels Come Off the Water as Storage Boom at Sea Fades

Jul 01, 2020

Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say.Fuel demand tumbled as much 30% from March to May…

AqualisBraemar Names South East Asia Head

Jul 01, 2020

Marine and offshore consultancy AqualisBraemar has appointed John Harris as its new regional managing director of the South East Asia region.Harris will oversee the company’s operations in South East Asia (SEA), including its offices in Indonesia…

Schlumberger Introduces Remote Well Op and Downhole Reservoir Testing Tech

Jun 30, 2020

Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…

Santos Awards Dorado pre-FEED SURF

Jun 30, 2020

Engineering services provider Atteris has won a contract for the subsea, umbilical, risers and flowline (SURF) pre-FEED for Santos' Dorado project field development, offshore W. Australia.The Dorado oil field is located within the Bedout Sub-basin…

BP to Sell Petrochemicals Business to Ineos for $5B

Jun 29, 2020

British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s…

CNOOC Makes 'Significant' Discovery Offshore China

Jun 29, 2020

Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…

Gazprom Starts Construction of Arctic Offshore Platform

Jun 26, 2020

Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…

Woodmac: How has the Price Crash Changed the Upstream Sector?

Jun 25, 2020

According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry.Andrew Pearson, vice president, upstream, said: 'This figure captures the impact of Wood Mackenzie’s downgraded…

Japan Opens Bidding for Goto Offshore Wind Farm

Jun 24, 2020

Japan's industry ministry on Wednesday launched a bidding process to select an operator for the 21 megawatt (MW) Goto offshore wind power project in Nagasaki, southern Japan, marking its first auction under a new law to promote the sector.The…

Cortez Subsea Nets 5-Year Subsea Inspection Contract with Repsol in Malaysia

Jun 24, 2020

Subsea services firm Cortez Subsea has won a contract with Repsol to provide a subsea inspection management system (SIMS) offshore Malaysia.The UK-based company said the five-year contract was worth a six-figure sum. Cortez Subsea will deliver…

Chevron Strikes Wheatstone Gas Deal with BHP

Jun 24, 2020

Oil and gas major Chevron has signed a gas sales agreement in Australia, to supply BHP Nickel West from its Wheatstone gas project.Starting in July 2020, Chevron plans to supply BHP Nickel West with a total of 22 Petajoules of equity domestic gas over the 3…

China's Jutal Nets Offshore Wind, FPSO Orders Worth $283M

Jun 23, 2020

China's Jutal Offshore Oil Services Limited has said it has won orders to build components for an offshore wind farm and an FPSO, for unnamed clients.Jutal said in a statement that the contracts were awarded to Zhuhai Jutal Offshore Oil Services Limited…

Woodside Aims to Play Decisive Role in Sale of Chevron Australian LNG Stake

Jun 23, 2020

Woodside Petroleum's Chief Executive Peter Coleman said the Australian firm aims to play a decisive role in Chevron Corp's plan to sell a stake in the North West Shelf (NWS) project, operated and co-owned by Woodside.Chevron last week put its…

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