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Barents Sea News

 

Ukraine Strips US Firm of Black Sea Exploration Rights

Sep 12, 2019

Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment…

Russia: Arctic Offshore Oil Feasible at $130/bbl

Sep 10, 2019

The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…

Xodus Hires Rivers

Sep 10, 2019

Energy consultancy Xodus Group said it has appointed Stephen Rivers as Subsea & Pipelines Manager for Asia-Pacific as the company targets strategic growth and new projects in the region. He will be based in in Perth, Australia.Rivers’ previous…

TenneT, EnBW, Ørsted Pact on Transmission Concept

Sep 09, 2019

The European transmission system operator TenneT, German utilities company EnBW and offshore wind specialist Ørsted have formed an alliance with the aim of implementing new connection concept for offshore wind farms and converter platforms in the German North Sea…

Equinor to Clean up Onshore Bahamas Spill

Sep 08, 2019

Equinor will clean up the onshore oil spill discovered this week at its Bahamas storage terminal in the aftermath of hurricane Dorian, the Norwegian energy company said on Sunday.In preparation for the hurricane, Equinor shut down operations at the South Riding Point terminal on Aug…

Eesti Begins LNG Bunkering in Hanko Port

Sep 06, 2019

Estonian energy company Eesti Gaas began providing liquefied natural gas (LNG) bunkering services to LNG-powered vessels in the port of Hanko, Finland, for the first time in addition to Tallinn and Helsinki.For the port of Hanko, this means scheduled LNG bunkering on its premises…

Dutch Offshore Wind Grid Borssele Alpha Ready

Sep 06, 2019

The Dutch government announced that construction has been completed of the first large offshore “socket”, or substation, that will connect 700 MW of energy from wind turbines in the North Sea to the mainland.Borssele Alpha, TenneT’s first and…

NGO Pushes for Green Recycling in North Sea

Sep 05, 2019

With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures…

Golar LNG Orders Compressed Air System from TMC

Sep 05, 2019

Norwegian company TMC Compressors of the Seas (TMC) has is to supply a compressed air system for a Golar LNG floating liquefied natural gas (FLNG) vessel.TMC will manufacture and deliver seven large Smart Air compressors to be installed on the…

Novatek Signs LNG Pact with Chukotka

Sep 04, 2019

Russia's largest independent natural gas producer Novatek has signed a cooperation agreement with the Government of the Chukotka autonomous area, situated in the Russian Far East.As per the agreement, Novatek will consider supply LNG for use in power generation…

DNV GL to Certify TenneT Platform in German Sea

Sep 04, 2019

DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC)  substations linked to offshore wind farms in the German North Sea.Agreement includes certification of…

PGNiG Starts Norwegian Drilling

Sep 02, 2019

Polish state-controlled oil and gas company PGNiG said its unit PGNiG Upstream Norway started drilling an exploration well in licence area PL838 (the Shrek prospect) on the Norwegian Continental Shelf, for the first time in the role of the operator…

China, Philippines: 'Bigger Step' Possible Offshore

Aug 30, 2019

Chinese President Xi Jinping said China and the Philippines could take a 'bigger step' in the joint development of oil and gas resources in the South China Sea if they can 'properly' handle their dispute over sovereignty.Xi made the remarks…

CNOOC Earnings on the Rise

Aug 29, 2019

China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…

Siemens Wins Viking Link Gig

Aug 28, 2019

Germany's Siemens AG said  that it has won a deal to supply two converter stations for the first high-voltage direct current (HVDC) link between the UK and Denmark.Viking Link will enable the exchange of up to 1400MW of electricity to provide…

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