Offshore Energy News


Bid to Suspend Total's Guyana Drilling Rejected

Feb 01, 2019

A French court has rejected an urgent request by environmental groups including Greenpeace and Surfrider Foundation Europe to deny oil and gas major Total permission to proceed with plans to drill off the coast of French Guyana.The environmental…

Wintershall Appoints Helge Beuthan to Head ME

Jan 31, 2019

Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would…

Record Year for US Wind Energy

Jan 30, 2019

American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018…

SMD Shanghai Delivers Quantum MkIII WROV

Jan 30, 2019

Soil Machine Dynamics (SMD) Shanghai has completed the manufacture and commissioning of a Quantum MkIII work-class remotely operated vehicle (WROV) at itsLingang facility.This is the first WROV to be built at their facility since its opening in 2018…

Petrobel Contracts Shelf Rig

Jan 30, 2019

UAE-headquartered offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt.According to a press release from the shallow water offshore drilling contractor…

Lundin Raises Long-term Output Guidance

Jan 30, 2019

Lundin Petroleum raised its output guidance on Wednesday and said it would drill a record number of exploration wells in 2019.The company now expects output of over 150,000 barrels of oil equivalents per day (boepd) in 2020 from a previous forecast of more than 130…

Orsted Full-year Profit Beats Expectations

Jan 30, 2019

Danish offshore wind developer Orsted reported full-year profit above expectations on Wednesday and said it would consider restarting its activities in Taiwan following a new proposal from the local government.Orsted earlier this month put two…

Lundin Granted North Sea Drilling Permit

Jan 30, 2019

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…

Kongstein, Green Shipping Join Force for US Offshore Wind Market

Jan 29, 2019

Kongstein, the European service provider focused at offshore engineering and maritime logistics, has signed a Memorandum of Understanding (MoU) with U.S.-based Green Shipping Line to provide a complete offshore wind farm supply solution in the United States…

Glengorm Discovery Highlights UKCS Potential

Jan 29, 2019

CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources estimated at close to 250 million barrels of oil equivalent…

SENER, Cobra Join Force for Floating Marine Wind Farm Scotland

Jan 28, 2019

European engineering and technology group SENER will be involved in a large floating offshore wind farm that COBRA is building 15 km offshore from the Scottish coast of Aberdeen.SENER's work will range from supervising the manufacture of the…

Lundin Buys Stakes in Rolvsnes, Goddo

Jan 28, 2019

Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea, flagging a potential tieback eventually to its operated Edvard Grieg oil field…

BP Invests in New AI Technology

Jan 28, 2019

BP has invested further in artificial intelligence (AI) technology as part of an effort to accelerate project lifecycles, from exploration through to reservoir modeling.The super major announced Monday that its technology investment arm BP Ventures…

New Directors at Faroe Petroleum

Jan 28, 2019

Faroe Petroleum announced Monday that it new directors have been appointed to lead the company after much of its executive team resigned following a hostile takeover by DNO.Faroe said Bjørn Dale has been appointed as Chairman and Ørjan Gjerde…

Oil Falls as U.S. Adds New Rigs, China Weakness

Jan 28, 2019

Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest January gain for 14 years.Further weighing on oil markets…

Current News

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Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

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US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

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Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

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