Barents Sea News

 

Mohawk Energy Receives 'Sizeable' Investment

May 28, 2019

Expandable tubular well solutions specialist Mohawk Energy said it has received an investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions.The Houston-based company provides expandable solutions in pursuit of well integrity…

Perenco Renews North Sea Contract

May 22, 2019

Anglo-French oil and gas company Perenco has expanded the scope of its support contract with Servelec Controls, the control, safety and information systems provider, in the southern North Sea of the United Kingdom.Servelec has been providing service…

North Sea Oil Production May Go Down

May 17, 2019

On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals contamination outages in Russia and maintenance in Kazakhstan, North Sea production is also struggling, Rystad Energy said.'Currently we see unplanned outages at Oseberg and Flotta with combined impact of 160…

Gazprom Finds New Yamal Offshore Fields

May 17, 2019

Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic meters (bcm), the company said on Friday.The fields are located in the Kara Sea and hold 390.7 bcm and 120…

OPT Wave Power System Reaches Milestone

May 14, 2019

US-owned renewable energy company Ocean Power Technologies (OPT) announced that the Company's PB3 PowerBuoy deployed in the Adriatic Sea has produced more than one MegaWatt-hour (MWh) cumulative energy to date.  The cost-effective ocean energy…

One Dead After Saipem Vessel Blast

May 13, 2019

One of the 14 people injured after an explosion on a pipe-laying vessel in the Caspian Sea operated by Italian oil service group Saipem has died, a Saipem spokeswoman said on Monday.The explosion took place on May 8.'Saipem deeply regrets to…

Vattenfall Starts Hollandse Kust Zuid

May 09, 2019

Development of the first unsubsidized offshore wind farm is well underway off the Dutch coast after bouts of bad weather delayed the project earlier this year, said Swedish power company Vattenfall.The European energy company is building the…

Solitaire on Nord Stream 2 Job in Russia

May 02, 2019

Allseas-owned pipelay vessel Solitaire has started laying the first line of the Nord Stream 2 twin gas pipeline in Russian waters.Solitaire will spend about a month constructing one of the two  approximately 100-kilometres-long sections in the Russian territorial sea…

Additional Tanker Supply Arranged in Russia Pipeline Crisis

May 02, 2019

Shareholders of two German refineries are arranging crude tanker shipments via the Baltic Sea in response to the halt of import flows on the Russian Druzhba pipeline, a spokesman for industry group MWV said on Thursday.He said that one tanker…

Marathon Oil Beats Profit Estimates

May 01, 2019

Marathon Oil Corp beat analysts' estimates for first-quarter profit on Wednesday, boosted by higher production and lower costs at its U.S. shale assets in the Bakken and Northern Delaware regions.Total oil production averaged 203,000 net barrels per day (bpd) in the first quarter…

Apache's Adjusted Profit Falls

May 01, 2019

U.S. oil and gas producer Apache Corp reported a 69 percent plunge in adjusted quarterly profit on Wednesday, as lower crude and natural gas prices offset higher output from the Permian basin in the United States and the UK North Sea.The Houston…

Oil Shipments from Georgia's Batumi Port Drop

May 01, 2019

Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil…

Orsted Reports Positive Start to 2019

May 01, 2019

Orsted on Wednesday reported higher first-quarter earnings from its offshore wind farms, in a positive sign for the Danish company's focus on renewables after selling its oil and gas business in 2017.Earnings from Orsted's core wind business…

Rhenus Commences Borssele Alpha Supply

Apr 30, 2019

Rhenus Offshore Logistics has completed its first supply trip to the 700MW Borssele Alpha offshore platform  in the Dutch North Sea.Rhenus has taken over the complete supply logistics for its customer, HSM Offshore, during the installation work…

EU Funding for Polish LNG Terminal Expansion

Apr 25, 2019

The Polish government and the Polskie LNG company signed a grant agreement on 24 April for the extension of the Liquefied Natural Gas (LNG) terminal in Świnoujście, in north-western Poland on the Baltic Sea coast.Almost EUR 128 million from…

Current News

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