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OE Daily: 2020 / January

 

Pacific Radiance Eyeing New Loan Source

Jan 24, 2020

Singapore-based offshore vessel owner Pacific Radiance has started loan talks with „a global investment fund“ after its discussions with an investor stalled in December 2019. A Pacific Radiance vessel…

PGNiG Open to Mergers with State-run Firms

Jan 24, 2020

Polish gas company PGNiG is open to consolidation with other energy companies, its newly appointed chief executive said on Friday, as the government tries to merge state-run firms to strengthen their market position. (Photo…

GlobalData: Gas to Dominate 2020 O&G FIDs

Jan 24, 2020

Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments, according to GlobalData, a data and analytics company.According to the report, the upstream and midstream project…

EDPR, Engie Team Up to Build Offshore Wind Giant

Jan 24, 2020

Wind energy companies EDP Renewables and Engie have signed a deal to form 50/50 joint-venture (JV) in fixed and floating offshore wind.EDPR and ENGIE will combine their offshore wind assets and project pipeline in this new entity, starting with a total of 1…

Ørsted to Brief Atlantic City Residents on NJ's First OWF

Jan 24, 2020

Danish offshore wind farm company Ørsted is set to host an open house in the first week of February to update Atlantic City residents on the progress of Ocean Wind, New Jersey's first offshore wind project. Illustration…

Offshore Helicopter Players Bristow, Era to Merge

Jan 24, 2020

Offshore helicopter specialists Bristow and Era have entered into a definitive merger agreement. Illustration; A Bristow helicopter / Image by Colin Gregory / Flickr - CC BY 2.0 license In a joint statement on Friday…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities. Ichthys Venturer FPSO - Image by KwonChun Yu (Marine Traffic) 'The…

New Crane Booms for Swire's Pacific Osprey

Jan 24, 2020

Offshore wind farm installation company Swire Blue Ocean has awarded Blue Water Shipping a contract to transport new crane boom for its Pacific Osprey jack-up unit. Photo © Albert Bridge (cc-by-sa/2…

Bumi Armada Loses Woodside FPSO Case

Jan 24, 2020

Malaysian FPSO specialist Bumi Armada's claim against Australia's oil firm Woodside for a 2016 FPSO contract termination has been dismissed in court. Armada Claire FPSO / Image by Marty Wenham / Marine…

Semco to Prepare West Bollsta Rig for Norway

Jan 24, 2020

Offshore drilling company Seadrill has hired Semco Maritime to prepare the newbuild West Bollsta drilling rig for the Norwegian Continental Shelf. West Bollsta rig / (Photo:Semco Maritime) The recently delivered drilling unit…

Hedge Fund Questions Premier Oil's Plans

Jan 24, 2020

Premier Oil's biggest lender on Friday raised fresh concerns over the company's plan to have its creditors vote on planned acquisitions of North Sea assets under a scheme that allows it to delay debt repayments and issue new shares.  Premier…

Chevron to Ditch Indonesian Deepwater Development Stake?

Jan 24, 2020

U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations.  Floating…

Chrysaor Files Caister Platform Decommissioning Plan

Jan 24, 2020

North Sea oil and gas operator Chrysaor is has filed decommissioning plans for its Caister CM installation and rise sections attached to the platform.  Caister Platform to be removed (Photo: Chrysaor) The platform…

Europa O&G Seeks Partners to Drill Offshore Irish

Jan 23, 2020

The big Irish Atlantic oil and gas ambitions of Europa Oil & Gas Plc faced a setback as an unnamed sector ‘major’ walked away from farm-out talks Europa for three wholly-owned frontier exploration licences off Ireland. Image…

ION to Shoot 2D/3D Programs off Colombia

Jan 23, 2020

ION Geophysical Corporation, a provider of geoscience technology, services, and solutions for the oil and gas industry, has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency (ANH), granting rights to reprocess…

SAExploration Wins $42M of New Projects

Jan 23, 2020

Houston-based  global seismic services company SAExploration Holdings announced two new projects in offshore West Africa.   Image: SAExploration The projects are valued at approximately…

Ørsted, US Unis to Study Whales in OWP

Jan 23, 2020

Danish developer Orsted U.S. Offshore Wind has signed a research partnership  with Rutgers University, the University of Rhode Island and Woods Hole Oceanographic Institution to support academic research activities related to offshore wind. Image…

Poland Eyes 10GW Offshore Wind Capacity by 2027

Jan 23, 2020

Poland's ministry of state assets has published a draft of legislation to promote offshore wind power, aiming to award more than 10GW in the Baltic Sea by 2027. Image: Polish Wind Energy Association The…

German Offshore Wind Capacity Reaches 7.5GW

Jan 23, 2020

A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity into the German offshore wind industry grid as of now. 160 turbines with a capacity of 1,111MW were connected to the grid in 2019. Image…

Stork Worley JV Wins Neptune Energy Gig

Jan 23, 2020

Stork Worley Integrated Solutions, a joint venture of American multinational engineering and construction firm Fluor Corporation, has secured a four-year framework agreement for EPCIC (engineering, procurement, construction, installation & commissioning)…

Offshore Wind: The Domino Effect

Jan 23, 2020

Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The American Bureau of Shipping convened a conference to discuss the pace and direction of the U…

OSV Orion Fueled with LNG in Germany

Jan 23, 2020

The world’s largest LNG bunker vessel ‘Kairos’, operated by Nauticor, has supplied DEME’s next generation offshore installation vessel Orion, this first such ship-to-ship bunker transfer at the Port of Rostock. Second…

Hybrid Autonomous Systems Evolve

Jan 23, 2020

Marine autonomous systems and combinations of such systems are being increasingly put to the test in the offshore space. Elaine Maslin looks at how hybrid remote and autonomous systems are now being tested.Concepts like resident subsea vehicles…

Worley Lands Total's North Platte FPU FEED

Jan 23, 2020

French oil major Total has awarded Worley a FEED contract for the North Platte field development in the U.S. Gulf of Mexico. Equinor is Total''s partner in the North Platte project (Map by Equinor) The offshore oilfield project…

Keppel O&M Turns Profitable in 2019

Jan 23, 2020

Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs. Keppel''s KFELS B Heimdal rig - Image source: Keppel Corporation For the full year…

Norway PM to Name Tina Bru as New Oil Minister -DN

Jan 23, 2020

Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker Tina Bru as oil and energy minister, business daily Dagens Naeringsliv and public broadcaster NRK reported on Thursday, citing unnamed sources.  Tina…

Greenpeace Loses Norway Arctic Oil Lawsuit Again

Jan 23, 2020

An Oslo appeals court approved Norway's plans for more oil exploration in the Arctic on Thursday, dismissing a lawsuit by environmentalists who had said it violated people's right to a healthy environment.  The…

Equinor, Eidesvik in Ammonia-Fueled PSV Pact

Jan 23, 2020

Norwegian oil company Equinor has signed a deal with vessel owner Eidesvik Offshore to test the use of carbon-free ammonia as a fuel aboard the Viking Energy platform supply vessel. The Viking Energy vessel…

Orsted Fans Offshore Wind Farm Boom

Jan 23, 2020

Danish wind energy developer Orsted is gearing up to launch its first big-ticket project financing in Taiwan, one of the world’s fastest-growing offshore wind markets. Formosa 1 offshore wind farm in…

Oil Major Pulls Out from Europa Farm-In Talks

Jan 23, 2020

Europa Oil & Gas will have to start looking for another farm-in partner to help it drill its Inishkea offshore prospect in Ireland after an oil major has pulled out from farm-in talks. Europa Oil & Gas''…

In a first, Brazil Oil Output Surpassed 1 Billion Barrels in 2019

Jan 23, 2020

Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday.  An…

Indian Navy Signs MoU for Offshore Data with GSI

Jan 22, 2020

Indian Navy has signed a memorandum of understanding (MoU) with Geological Survey of India (GSI) for ‘sharing of seabed sediments data, products and expertise for Naval application in meteorology and oceanography’. Photo…

First foundation Installed at Triton Knoll

Jan 22, 2020

Triton Knoll, a offshore windfarm which is being constructed 33km away from the coast of Lincolnshire in the North Sea, confirmed that the first of its 90 wind turbine monopile foundations has been safely and successfully installed, 32km off the Lincolnshire coast…

Tekmar Secures Kriegers Flak Deal

Jan 22, 2020

Tekmar Energy, the provider of sub-sea cable protection systems for the renewable energy industry, has secured two contracts awards for the Danish Kriegers Flak offshore wind farm. Image: Tekmar Group…

VLCV BV Completes Borssele Cable Project

Jan 22, 2020

VLCV BV, a joint venture between VL Specials and C-Ventus Offshore Windfarm Services, has completed the installation of two ducts, including bellmouths, for the cable system of the Borssele offshore wind project in the Netherlands. Image…

Orsted Opens Borssele 1&2 O&M Base

Jan 22, 2020

The global leader in offshore wind Ørsted has opened the operations & maintenance (O&M) base for the Borssele 1 + 2 offshore wind farm in Vlissingen, the Netherlands. The opening was organized together with Energy Port Zeeland. Image…

PGS Readies Offshore Sabah Data

Jan 22, 2020

Norwegian seismic services provider Petroleum Geo-Services (PGS) said that key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program. Image: PGS Data…

Ocean Installer Bags Triton Gig from Dana

Jan 22, 2020

Aberdeen-based Oil and gas company Dana Petroleum has awarded Norway's Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea, around 190 km east of Aberdeen. Image…

Hagan Takes the Helm at Stratagraph

Jan 22, 2020

Oilfield services company Stratagraph has appointed William A. Hagan as its new president and chief executive officer. William A. Hagan (Photo: Stratagraph) Hagan was previously president at the Lafayette…

Teekay Offshore selects Marlink for managed IT services

Jan 22, 2020

Marine energy, transportation, storage and production company selects ITLink solutions for more compliance and resilienceTeekay Offshore has selected Marlink’s ITLink solutions portfolio with its benchmark IT operational platform, [email protected]

Lekoil Gets Breathing Space

Jan 22, 2020

Nigerian oil company Lekoil has been given more time to find funds it needs to contribute for the drilling operation at the OPL 310 block in Nigeria, following a recent funding fiasco with unnamed scammers. Illustration…

Panoro, Vaalco Make Progress Offshore Gabon

Jan 22, 2020

Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…

Norway: Regulator Spots Irregularities Aboard West Bollsta Rig

Jan 22, 2020

The Norwegian offshore safety regulators have found irregularities aboard the recently delivered West Bollsta offshore rig. The West Bollsta rig (Photo: Northern Drilling) The rig is owned by Northern Drilling's spin-off Northern Ocean…

USV Completes Greater Gabbard Survey

Jan 22, 2020

A vessel remotely operated from shore performed survey work for a wind farm in the sea off Suffolk, UK, reportedly marking a first for the offshore wind sector. (Photo: XOCEAN) The XO-450 unmanned surface vessel (USV)…

Baker Hughes Profit Misses Estimates

Jan 22, 2020

Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.  Illustration…

Vestas Working on Zero-Waste Wind Turbines

Jan 22, 2020

Danish manufacturer of wind turbines Vestas is working towards becoming even more sustainable, as it is now striving to develop zero-waste wind turbines. A Vestas wind turbine; (Photo: Vestas) 'Vestas…

Lukoil Eyeing Azeri Offshore Blocks

Jan 22, 2020

Russian oil giant Lukoil plans to sign an agreement with Azerbaijan's state energy company SOCAR for two offshore blocks in Azerbaijan, the Interfax news agency reported on Wednesday.  Illustration: Offshore drilling rigs in the Caspian Sea near Baku…

Edison Spuds Egypt Offshore Well

Jan 22, 2020

Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt. Maersk Discoverer- Photo: Maersk Drilling According to what appears to be Edison's press release circulated online…

FAR Inks Sangomar Oil Offtake Deal with Glencore

Jan 22, 2020

Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal. Artist''s…

EMGS Nets More Acquisition Work with Pemex

Jan 22, 2020

Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico. EMGS'' Atlantic Guardian vessel - Image by Ruud Glimmerveen / Marine Traffic As previously reported…

PGS to Raise $95M in New Equity to Refinance Debt

Jan 22, 2020

Norway's seismic surveyor PGS plans to raise up to 850 million Norwegian crowns ($95 million) in new equity via a private placement to partly refinance its debts maturing in the next 18 months, the company said on Tuesday.  Illustration…

BW Energy Completes 2nd Producer at Tortue 2 in Gabon

Jan 22, 2020

BW Energy has completed the second production well of the Tortue Phase 2 development, offshore Gabon. BW Adolo FPSO is used for oil production by BW in Gabon - Image by BW Offshore 'The…

New Contracts for DOF in Australia

Jan 22, 2020

Norwegian offshore support vessel owner DOF Subsea has said it has won several-contract awards in the Asia Pacific region. Skandi Singapore - Image by Bahnfrend- Wikimedia Commonst - Shared under CC BY-SA 4…

Record Production for Santos

Jan 22, 2020

Santos Ltd posted record annual production on Wednesday, benefiting from higher gas output at its Western Australia assets. Illustration; Image by vitchanan - AdobeStock Australia's second…

Shearwater Clinches 3D Survey Work Offshore India

Jan 22, 2020

Shearwater GeoServices will carry out a 3D marine seismic survey offshore India under a new contract awarded by ONGC. Oceanic Sirius - Image by Shearwater The Norwegian seismic company…

Hellenic Wins Cable Contract for Mayflower Wind

Jan 21, 2020

Greece-based Hellenic Cables, through its subsidiary Hellenic Cables America, announced  an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US LLC and EDPR Offshore North America LLC…

CMHI Builds Alfa Lift

Jan 21, 2020

The construction of the 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, Alfa Lift, is progressing at the China Merchants Heavy Industry (CMHI) shipyard. Image: Offshore…

GMS Bags 5-Yr Contract with ME Oil Firm

Jan 21, 2020

Gulf Marine Services PLC (GMS), the provider of advanced self-propelled self-elevating support vessels (SESVs), which are also known as self-propelled jack-up barges, has won a five-year maintenance contract, with options to extend, with a Middle East national oil company…

US Offshore Wind Capacity to Reach 20GW by 2030

Jan 21, 2020

Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research by Rystad Energy. Graph…

Fugro Wrap Up Sea Seep Hunting Study

Jan 21, 2020

Geophysical services provider Fugro and the Colombian Maritime Authority (DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea. Image…

Ørsted Tops World's Sustainable Companies

Jan 21, 2020

The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index. Image: Ørsted The Denmark-based global power company has outperformed more than 7,300…

Harvey Gulf Hires Dunn as Subsea VP

Jan 21, 2020

Harvey Gulf International Marine announced it has hired John Dunn as Vice President of Subsea Vessel Operations, as the US-based services firm looks to grow its subsea business. (Photo: Harvey Gulf International Marine) Dunn…

BP, Angola in Offshore Oil Agreement

Jan 21, 2020

BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter. Illustration…

Fred. Olsen Windcarrier Removes Perenco Gas Platforms

Jan 21, 2020

Fred. Olsen Windcarrier’s jack-up vessel Blue Tern has recently completed the offshore works related to decommissioning of two gas platforms for Perenco UK Limited.  Blue Tern jack-up unit - Image by Charlotte Backman - Marine Traffic Fred…

Orsted CEO Favors Small Deals Over Big M&A

Jan 21, 2020

Denmark's Orsted, the world's largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said on Tuesday, opting instead for a string of small deals as a strategy to grow. Illustration…

Caspian Sunrise Buying Offshore Exploration Vessel

Jan 21, 2020

Caspian Sunrise, a Kazakhstan-focused oil and gas explorer, is venturing into offshore oil and gas exploration.  Caspian Explorer - Image by Askar / Marine Traffic The company, which…

Egdon Shares Soar as Shell Farms Into Its Offshore Blocks

Jan 21, 2020

Shares of London-listed Egdon Resources jumped on Tuesday following news that oil giant Shell farmed into Egdon's UK offshore licenses P1929 and P2304. Illustration by totojang1977 / Adobe Stock Under the agreement…

Halliburton Posts $1.7B Loss, Beats Estimates

Jan 21, 2020

Halliburton Co beat analysts' estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion. Photo…

McDermott Filing for Bankruptcy to Restructure Debt

Jan 21, 2020

Offshore engineering and construction giant McDermott has confirmed it is set to file for bankruptcy as part of its debt restructuring plans. (File photo: McDermott International) 'This morning…

Fugro Goes Seep Hunting Off Colombia

Jan 21, 2020

Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea.The study involved shallow water seabed sediment coring…

Nigeria: Ex-Attorney General Charged in $1.3B Oil Deal Bribery Case

Jan 21, 2020

Nigeria's financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry's biggest alleged corruption scandals…

IEA: Oil Firms Must Step Up Climate Efforts

Jan 21, 2020

Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability…

Norwegian OSV Player Enters Tanker Game

Jan 21, 2020

Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game. Illustration; Oil Tanker - Image by alexyz3d - AdobeStock The company…

Bad Weather Delays Byron GoM Well

Jan 21, 2020

Byron Energy will put off a planned drilling operation in the Gulf of Mexico, as bad weather has hampered the rig move. Illustration; Image by GJGK_Photography - AdobeStock Providing update on its planned South Marsh Island F4 well…

Edison Norge Defrauded of 12.5M Euros

Jan 21, 2020

Italian energy company Edison has said its Norwegian subsidiary has been defrauded of 12.5 million euros. Illustration. Image by mark_ka / AdobeStock 'Edison announces that the Edison Norge company…

5-year Maintenance Services Deal for GMS

Jan 21, 2020

GMS, the UAE-based operator of self-elevating support vessels (SESV), has been awarded a five-year contract in the Middle East. A GMS SESV / Image Source: GMS The company announced Tuesday…

Guyana's First-Ever Oil Cargo Sets Sail

Jan 21, 2020

A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter. Liza…

BP CFO to Retire. Successor Named

Jan 21, 2020

British oil major BP will appoint Murray Auchincloss as new CFO, as Brian Gilvary has decided to retire in June after eight years in position, and 34 years with the company.  Murray Auchincloss to become…

APM Terminals to Support Premier Oil's Drilling in Brazil

Jan 21, 2020

Offshore support terminal operator Brasco, a Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex.  Illustration…

SeaTwirl Gets EU Patent

Jan 20, 2020

Swedish wind power company SeaTwirl has secured a patent from the European Patent Office (EPO) for its divisible offshore wind turbine. Image: SeaTwirl SeaTwirl has already been granted the same patent in Sweden…

Offshore Wind Jobs Act Headed to House Floor

Jan 20, 2020

The House Natural Resources Committee has advanced the Offshore Wind Jobs and Opportunity Act, which was authored by Bourne Congressman Bill Keating and cosponsored by Congressman Joe Kennedy III. (L…

Wärtsilä Power Solution for NUIs

Jan 20, 2020

Finland’s technology group Wärtsilä has introduced an agreement-based power solution for new normally unattended offshore installations (NUIs). The Wärtsilä Power Solution relieves cost pressure for…

Vattenfall, TuuliWatti to Balance Finnish Wind

Jan 20, 2020

European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer TuuliWatti that includes the latter’s total wind power production in Finland. Image: Vattenfall The agreement…

Oil, Gas Players Optimistic on Profits

Jan 20, 2020

Companies  in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL. Liv A. Hovem, CEO, DNV GL - Oil…

Raising the Pipeline Inspection Game

Jan 20, 2020

There’s a shake-up happening in the pipeline inspections business. More evolved remotely operated vehicles (ROV), digital aspirations and unmanned surface vessels (USV) are driving a new era of data acquisition and deliverables. XOCEAN’s…

Raising the Pipeline Inspection Game

Jan 20, 2020

Kraken Finalizes OceanVision Contract

Jan 20, 2020

Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador,…

McDermott Bankruptcy Filing Imminent -Bloomberg

Jan 20, 2020

Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. (File photo…

Brazil to Overhaul Rules for Subsalt Auctions

Jan 20, 2020

Brazil's government is considering an overhaul in the rules for auctions of subsalt oilfields, a senior official told newspaper Valor Economico. © Ranimiro / Adobe Stock Special secretary…

Somalia 'Invites' Turkey to Drill for Oil in Its Waters

Jan 20, 2020

Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil in its seas, after Ankara signed a maritime agreement with Libya last year, broadcaster NTV reported.  Image…

Africa Energy Reveals Total's Luiperd Drilling Timeline

Jan 20, 2020

Following last year's large gas/condensate discovery at Brulpadda well offshore South Africa, French oil major Total is preparing to drill more wells in the vicinity. Illustration: Deepsea Stavanger Rig / Image by BP p…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019. Ready…

Malaysian Stock Exchange to Delist Perisai

Jan 20, 2020

Malaysian offshore vessel and rig owner Perisai Petroleum Teknologi is about to get delisted after Bursa Malaysia decided to dismiss the company's request to give it more time to get its business in order. A…

Polarcus Kicks Off Australia Survey

Jan 20, 2020

Polarcus has begun the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia, the marine geophysical company announced on Monday. (Image: Polarcus) The 1…

End of the Line for Safe Bristolia Flotel

Jan 20, 2020

Offshore accommodation specialist Prosafe has agreed to sell the Safe Bristolia flotel for scrap. Safe Bristolia - Image source: Prosafe In an operational update for the fourth quarter of 2019…

Croatia's DIV Buying Norway's Kleven Shipyard

Jan 20, 2020

Croatian DIV Group is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels. Kleven Verft in Ulsteinvik. Photo by Per Eide - Shared by Kleven Verft DIV…

Petronas Carigali Charters Perdana AHTS

Jan 20, 2020

Malaysian oil company Petronas Carigali has chartered an anchor handling tug supply vessel from Perdana Petroleum.The vessel already started its contract with Petronas Carigali on December 24, 2019 but it is only on Monday, January 20, that Perdana announced the deal…

FAR Secures $300M Sangomar Loan

Jan 20, 2020

Oil and gas company FAR has secured a $300 million reserve-based loan for its share of the CAPEX for recently sanctioned Sangomar field development, offshore Senegal. “FAR is pleased…

Saudi Aramco, ADES in Rig Contract Extension

Jan 20, 2020

Drilling contractor ADES has won a contract extension for its ADMARINE 261 jack-up rig in Saudi Arabia. Illustration; A jack-up drilling rig -Image by Lukasz Z / Adobe Stock ADES said…

Turkey Spars with EU Over Fresh Drilling Off Cyprus

Jan 20, 2020

Turkey called on Sunday for the European Union to end what it said was the bloc's prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling off the Mediterranean island. Yavuz…

Long-Term Charter for Eidesvik PSV with Equinor

Jan 20, 2020

Offshore vessel supplier Eidesvik Offshore has secured a long-term charter for one of its platform supply vessels. Viking Energy - Image by Harry Asbo (Marine Traffic) The Norwegian company…

Aker BP to Use Maersk Integrator Rig at Ivar Aasen Field

Jan 20, 2020

Norwegian offshore oil company Aker BP has awarded the Maersk Integrator jack-up drilling rig a contract for work at the Ivar Aasen field offshore Norway. Maersk Drilling, the rig's owner…

Europe Gets Testing Center for Offshore Wind

Jan 19, 2020

The first real-time maritime robot testing center for offshore wind in Europe is being established. Image: EDP The European Atlantis center will be in Viana do Castelo and involves an investment of 8…

Scotland to Launch Offshore Wind Leasing

Jan 19, 2020

2020 will see the launch of the first offshore wind leasing round in Scotland for a decade, and the first by Crown Estate Scotland. It presents a significant opportunity to match Scotland’s ambitious Net Zero targets with practical action. Image…

IMI Wins ARO Drilling Rigs Contract

Jan 19, 2020

ARO Drilling, a joint venture (JV) of Saudi Aramco and Valaris Companies, has awarded a couple of contracts to International Maritime Industries (IMI) and signed a subsequent sub-contract agreement with long-term partners Lamprell Energy Ltd…

NPD Meets Seismic Industry Players

Jan 19, 2020

Norwegian Petroleum Directorate (NPD) recently hosted the very first joint regulatory authority meeting for the seismic industry on coexistence between industries at sea. Benvenutta Henriksen, Torgeir Stordal…

Middle East: Offshore Drilling Spend Set to Soar

Jan 17, 2020

Offshore oil and gas exploration spending in the Middle East is set to grow significantly over the next few years, as onshore resources mature and become more numbered, Rystad Energy said Friday. Illustration: Jack-up drilling rig…

Saipem, Italian Police Sign Cyberattack Prevention Deal

Jan 17, 2020

Italian offshore energy services provider Saipem and the Italian State Police have signed an agreement that aims to prevent and combat cyberattacks that target information and services systems of companies of special importance for the country…

TAQA Taking Over as Brae Field Operator

Jan 17, 2020

UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy. Brae Complex Layout - Image source: Marathon Oil RockRose…

Global Demand Lifts Schlumberger Profits

Jan 17, 2020

Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America. ©…

Axxis Geo Starts Middle East Survey

Jan 17, 2020

Seismic data acquisition company Axxis Geo Solutions (AGS) has begun a 3D ocean bottom node survey in the Middle East. 'The work has now commenced and will continue through most of the first quarter of 2020…

Barakah Offshore Files Petronas Carigali Claim

Jan 17, 2020

Malaysian offshore oilfield services company Barakah Offshore Petroleum has filed a claim against the compatriot oil company Petronas Carigali for unpaid work and has threatened to seek Petronas' winding up unless it gets paid what it is owed…

GC Rieber Crew Boats Stay in Russian Far East

Jan 17, 2020

Norwegian offshore vessel owner GC Rieber Shipping has clinched two crew-boat contract extensions in the Russian Far East. Polar Piltun - Image by GC Rieber Shipping Through its JV with Russian company Prisco…

Angola: Eni Brings Agogo Field Online

Jan 17, 2020

Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery. N''GOMA FPSO - Image by Gwenolé de KERMENGUY (Marine Traffic) Eni brought…

Norway's December Oil Output Beats Forecast

Jan 17, 2020

Norway's oil production rose in December from the previous month, beating official forecast by 12.7% as the ramp-up of a major new field continued, the Norwegian Petroleum Directorate (NPD) said on Friday. Johan Sverdrup field offshore Norway…

Equinor OK to Use Island Wellserver for LWI

Jan 17, 2020

Norway's Equinor has obtained regulatory consent to use the Island Wellserver vessel. Island Wellserver - Image by Ashley Hunn - MarineTraffic The Petroleum Safety Authority Norway gave…

IHC IQIP Grips Taiwan Offshore Wind Deal

Jan 17, 2020

Dutch offshore services firm IHC IQIP has won an order to deliver 84 jacket pile grippers for an offshore wind project. IHC IQIP Pile Gripper - Image by IHC IQIP The order relates to…

TechnipFMC Affirms Company Split Timeline

Jan 17, 2020

Oilfield services company TechnipFMC has reaffirmed its planned split into two separate companies is „well on track“ for completion in the first half of 2020.  Illustration: TechnipFMC ROV - Source: TechnipFMC TechnipFMC…

Oilfield Services Giants Start Year with Asset Sales

Jan 17, 2020

Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand. Illustration…

Transition or Transformation: Energy Opportunities

Jan 17, 2020

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…

Fugro to Probe Dutch Offshore

Jan 16, 2020

The geo-data specialist Fugro has been awarded a geotechnical site investigation contract for the Ten noorden van de Waddeneilanden Wind Farm Zone (TNWWFZ). Image: Fugro The TNWWFZ, over 70km off the north coast of the Netherlands…

ION Reimaging 3D Data Offshore Uruguay

Jan 16, 2020

ION Geophysical Corporation, a provider of geophysical technology, services and solutions to the global oil and gas industry, has launched Tannat 3D, a multi-client reimaging program offshore Uruguay. Image…

NYK Partners with Van Oord

Jan 16, 2020

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) and Dutch maritime contracting company Van Oord have signed a memorandum of understanding (MoU) to jointly own and operate offshore wind installation vessels under the Japanese flag…

NYK, NOS Pact for CTV for Japanese Offshore

Jan 16, 2020

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) and Swedish contractor to offshore wind industry Northern Offshore Service AB (NOS) have agreed to a memorandum of understanding (MoU) for a crew transfer vessel (CTV) business related to offshore wind power generation…

Wood Group Sees Higher Annual Earnings

Jan 16, 2020

Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S. onshore drilling demand. Wood…

GE Wins Scottish Substation Frame Deal

Jan 16, 2020

A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project. Wind…

Eni, Total Win Three Angola Blocks

Jan 16, 2020

Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday. Angola…

Suncor Ordered to Install Fall Protection Systems on FPSO

Jan 16, 2020

The Canadian offshore safety regulator for Newfoundland and Labrador C-NLOPB has ordered oil company Suncor to install fall-protection systems on ladders aboard its Terra Nova FPSO. Terra Nova FPSO…

Equinor Gets OK for North Sea Pilot Hole

Jan 16, 2020

Norway's Equinor has been given regulatory approval to drill in a block in the Norwegian sector of the North Sea using a Seadrill drilling rig. West Hercules rig - Photographer: Ole Jørgen Bratland/Equinor The…

Subsea Robots in the Splash Zone

Jan 16, 2020

From their base deep within a former World War II U-boat pen, Norwegian outfit, OceanTech, is developing a set of robot tools that cling to offshore structures in order to effect inspection, maintenance and repair, or IMR. Old submarine anchorages are now subsea testing and training sites…

Eni's Goliat Output Cut by Technical Issues

Jan 16, 2020

Technical problems cut the oil output from Eni's Arctic Goliat field off Norway by almost 40% during the first ten months of last year, although the issues have since been resolved, the Italian company's local unit told Reuters. Goliat…

Oil Firms' Social License to Operate 'Under Threat'

Jan 16, 2020

The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance. Tim Eggar, OGA Chairman - Image source: OGA Tim Eggar…

Woodside Signals Higher Output in 2020

Jan 16, 2020

Australia's Woodside Petroleum posted a nearly 7% rise in fourth-quarter production on Thursday and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade. Artist…

Yinson: 8th Extension for Lam Son FPSO

Jan 16, 2020

Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam. Lam Son FPSO / Image source: Yinson Yinson's Vietnam JV PTSC AP on Wednesday…

GMS Lifts 2020 guidance

Jan 16, 2020

Abu Dhabi-based offshore energy services firm GMS has raised its 2020 EBITDA guidance compared to its 2019 outturn, citing new contracts and cost cuts. A GMS jack-up unit. Image source: GMS 'Guidance…

Tullow: No Guyana Drilling in 2020

Jan 16, 2020

London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020. Stena Forth drillship used by Tullow to dirll Jethro and Joe wells in 2019 - Image source: Tullow In…

PSW Takes Over EMAS Spoolbase In Norway

Jan 16, 2020

Norway's PSW Group has taken over the operation of the former EMAS spoolbase located in Gulen Industrial Harbor, Western Norway.  PSW Spoolbase, the image has been cropped. Source: PSW Group In a statement on Wednesday…

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Jan 16, 2020

A London arbitration tribunal has ordered offshore drilling company Pacific Drilling to pay $320 million to Samsung Heavy Industries for a 2015 drillship order cancellation. Pacific Zonda drillship - Image by V…

Petrobras Puts Two Deepwater Assets Up for Sale

Jan 16, 2020

Brazilian oil company Petrobras is looking to sell two sets of deepwater concessions offshore Brazil.The company on Wednesday started the opportunity disclosure stage for the sale of its entire stake in the deepwater concessions Golfinho Cluster and Camarupim Cluster…

Seawave Welcomes Lekoil Scam Probe

Jan 16, 2020

A consultancy firm that allegedly arranged a fraudulent $184 million loan announced by Nigerian oil company Lekoil Ltd said on Wednesday that it welcomed an investigation into the matter. Illustration…

Petrofac's Substation For Scotland's Largest Offshore Wind Farm

Jan 16, 2020

Petrofac has entered into a Preferred Supplier Agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project. An offshore wind…

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Jan 16, 2020

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Japanese Duo Forge Offshore Wind Pact

Jan 15, 2020

Japanese companies Jera Corporation and Shimizu Corporation have signed a memorandum of understanding (MoU) to cooperate on offshore wind projects. Image: Jera Corporation The MOU provides…

Aramco Mulls Offshore Oil Expansions

Jan 15, 2020

Saudi Aramco is continuing to focus significant efforts on crude oil expansion. The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years…

Ezion Sells Offshore Vessel to Astro

Jan 15, 2020

Singapore’s troubled liftboat operator Ezion Holdings has signed a memorandum of agreement to sell its offshore vessel Teras Genesis to the offshore and maritime chartering and brokerage company Astro Offshore. Teras Genesis…

Telford Offshore Boosts Order Book

Jan 15, 2020

International offshore service company Telford Offshore has recently expanded its order book by around US $15 million by taking on additional work with existing clients in Nigeria and Mexico. Image:…

BP Spuds SAX01 Well Offshore Azerbaijan

Jan 15, 2020

British oil major BP has spudded the first exploration well at the Shafag-Asiman block in the Caspian Sea, offshore Azerbaijan. Heydar Aliyev drilling rig - Image source: Baku Shipyard The…

Italy Court Acquits Saipem, Eni In Algeria Corruption Case

Jan 15, 2020

An Italian appeals court said on Wednesday it had acquitted oil services group Saipem and oil major Eni of alleged corruption charges in Algeria. Illustration; A Saipem vessel - Image by Ciacho5 - Wikimedia Commons - Shared under CC BY-SA 3…

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Jan 15, 2020

Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal.  OPEC…

Major Offshore Project in Senegal Reaches FID

Jan 15, 2020

Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID). Sangomar…

Keppel working on 3D-Printed Offshore Grade Steel

Jan 15, 2020

Singapore-based offshore rig builder Keppel O&M is working on a system that will enable it to 3D print offshore grade materials, to speed up production and lower cost.  Illustration. Image by jean song…

Havila Clinches Deals For Offshore Vessel Duo

Jan 15, 2020

Norwegian offshore vessel owner Havila Shipping has scored two offshore vessel contracts in the North Sea region. Havila Crusader / Image by Alan Jamieson - Flickr; Shared under CC BY 2.0 license First…

Semco-Bladt JV To Build Substation For Mayflower Wind

Jan 15, 2020

Mayflower Wind Energy has hired a Semco-Bladt joint venture to build and deliver a substation for the Mayflower Wind project offshore Nantucket, Massachusetts. An offshore wind farm / Image source: Semco…

Jadestone To Drill At Montara In Q2

Jan 15, 2020

Jadestone Energy has filed plans for drilling operations expected to start this year at its Montara oil field offshore Australia.  Montara location map / Source: Jadestone The Montara field…

Petrobras Exits Africa As Nigeria-Focused Business Sold for $1.5B

Jan 15, 2020

Brazilian oil company Petrobras has sold its Nigeria-focused subsidiary for around $1,5 billion. Illustration: Egina FPSO - Image by John Idigbo / MarineTraffic Petrobras said Wednesday…

Borr Drilling Takes Delivery of Newbuild Jack-Up From Keppel

Jan 15, 2020

Offshore drilling contractor has taken delivery of a newbuild jack-up rig from Singapore's Keppel. This is Keppel's first rig delivery in 2020. Keppel''s KFELS B Heimdal rig - Image source: Keppel Corporation Keppel…

BW Energy Oslo Listing Set For 1Q 2020

Jan 15, 2020

BW Offshore's exploration and production subsidiary BW Energy is gearing up for an initial public offering of shares in the first quarter of 2020, and listing on the Oslo exchange an independent company. BW…

Leviathan Gas Flows to Egypt

Jan 15, 2020

Gas from the Leviathan gas field offshore Israel has started flowing to Egypt, Delek, a partner in the giant development, has said. Leviathan platfom / Image source: Noble Energy The $3…

Aker Solutions Wins $400M Offshore Maintenance Award

Jan 15, 2020

Offshore energy services provider Aker Solution has said it has been issued a letter of award for an offshore maintenance project with an undisclosed client. Image source: Aker Solutions The…

Tullow in $1.5B Writedown On Oil Price Outlook, Exploration

Jan 15, 2020

Tullow Oil expects to report a $1.5 billion writedown after lowering its long-term oil price assumptions by $10 to $65 a barrel, an announced reduction in reserves in Ghana and disappointing exploration wells, it said on Wednesday. Illustration…

Tower Gets More Time for Cameroon Drilling

Jan 15, 2020

Tower Resources has been given more time to explore at the Thali license in Cameroon. Geoquip Investigator vessel – Image source: Geoquip Group Tower said Wednesday that the country's…

Fos4X Monitors Veja Mate OWF

Jan 14, 2020

German wind turbine builder is carrying out a condition monitoring campaign at the 402MW Veja Mate offshore wind farm in the German North Sea. Image: Copyright: Ingka Group The rotor…

Vattenfall, Swire Pact for HKZ Installation

Jan 14, 2020

Swedish developer Vattenfall has contracted Swire Blue Ocean (SBO)  for the installation of the Siemens Gamesa wind turbines at the Hollandse Kust Zuid wind farms in the Dutch North Sea. Image: Swire…

NKT Bags East West Interconnector Contract

Jan 14, 2020

The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great Britain. Image: NKT The cable and cable accessories supplier…

Floatgen Output Doubles in H2 2019

Jan 14, 2020

The 2 MW Floatgen floating wind turbine, the first wind turbine installed offshore France, more than doubled its power production in the second half of 2019 compared to the first semester, reaching an annual total of 6GWh. Image…

Prosafe Misses Payment to Cosco

Jan 14, 2020

The largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide Prosafe SE has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel. Image…

Offshore Energy Enters New Investment Cycle

Jan 14, 2020

The offshore oil & gas industry is witnessing the beginning of what could be a new investment cycle as worldwide activity is ramping up. Graph: Rystad Energy Rystad Energy, the energy research and business intelligence company…

Modec Eyes Major Brazil Contracts

Jan 14, 2020

Japanese floating equipment maker Modec Inc is looking to win one or two major platform contracts per year in Brazil as it aims to grow in the country's offshore oil boom, a senior executive told Reuters. (Photo…

Eni's Coral Sul FLNG hull launched

Jan 14, 2020

Italian oil and gas company Eni has launched the hull of its Coral Sul FLNG unit at Samsung's Geoje yard in South Korea. Coral Sul Hull Launch - Image source: Eni Once completed the FLNG…

Crosby Takes Over Mooring Equipment Firm Feubo

Jan 14, 2020

US-based lifting and rigging accessories manufacturer Crosby has completed the acquisition of offshore mooring company Feubo. Image by Crosby The purchase includes the Feubo facility located in Hattingen…

Dayang Clinches Two i-HUC Awards With Petronas

Jan 14, 2020

Malaysian oilfield services provider Dayang has won two contracts with the country's oil and gas giant Petronas. Illustration;Oil platform in Malaysia - Image by: markhall70 - Adobe Stock Dayang…

James Fisher Sister Companies Merge

Jan 14, 2020

Offshore services firm James Fisher Offshore (JFO) said it is consolidating its services with those of its sister company James Fisher Subsea Excavation (JFSE). The merger brings subsea excavation services company JFSE under the JFO banner. (Photo…

Norway: 28 firms Offered Acreage in Mature Offshore Areas

Jan 14, 2020

Norway has offered exploration acreage in mature offshore areas to 28 companies of 33 which had applied as part of the Awards in Predefined Areas (APA) 2019. Illustration: Offshore rigs in Norway-Image…

Tanjung Offshore Bags 5-Year Repsol Contract

Jan 14, 2020

Spanish oil firm Repsol has hired Malaysia's Tanjung Offshore services for offshore work in Malaysia and Vietnam. A Repsol platform in Malaysia / Image by Repsol/Flickr. Shared under CC BY-NC-SA 2.0 license Tanjung Offshore…

THHE Fabricators Can Bid for Petronas Work Again

Jan 14, 2020

Malaysian oil and gas construction and services company THHE Fabricators is allowed to bid for Petronas' contracts again.Petronas blacklisted the THEE Fabricators from bidding as a contractor for its upstream oil and gas-related tenders after…

German Offshore Wind Capacity in 2019 Almost Hit 2020 Target

Jan 14, 2020

Offshore wind power operators in the German North Sea raised generation capacity by 20.9% percent to 6,436 megawatts (MW) last year, grid company TenneT GmbH said on Monday, close to a government target for 2020 of 6,500 MW. Illustration…

Polarcus Vessel Stays With Sovcomflot

Jan 14, 2020

Russian offshore vessel owner Sovcomflot will keep Polarcus’ Vyacheslav Tikhonov seismic vessel contracted for longer than previously agreed.The marine seismic vessel owner Polarcus had in December 2019 said that Sovcomflot would redeliver it the vessel on January 15…

Shelf Drilling Finds Work for Ex-Maersk Jack-Up

Jan 14, 2020

The U.S. oil major Chevron has chartered a Shelf Drilling jack-up drilling rig on a long-term deal. Chevron will use the rig in Thailand. Maersk Completer (renamed to Shelf Drilling Enterprise) jack-up rig…

ConocoPhillips Makes Minor Oil Find Offshore Norway

Jan 14, 2020

ConocoPhillips has made a minor oil discovery in the Norwegian part of the North Sea, near the Balder field.  Leiv Eiriksson rig - Image by Jan Salberg - MarineTraffic The company’s Norwegian subsidiary…

Total to Drill Deepest Ever Offshore Well Using Maersk Rig

Jan 14, 2020

French oil company Total will drill the deepest offshore well by water depth using the Maersk Voyager drillship owned by Maersk Drilling. Maersk Voyagers drillship - Image source: Maersk Drilling The…

Lekoil Tricked Into Signing Fake $184M Loan Deal

Jan 14, 2020

Africa-focused oil company Lekoil on January 2 said it had secured $184 million (gross) of funding for the appraisal drilling and initial development program activities on the Ogo field, in the OPL 310 block, offshore Nigeria. Illustration…

Oil Prices Rise Ahead Of Trade Deal, Likely Stock Draw

Jan 14, 2020

Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories. Illustration…

Tullow Gets More Time Offshore Jamaica

Jan 14, 2020

Tullow Oil has been given more time to decide on whether to drill a well at an offshore block in Jamaica’s Walton Morant Basin. The company is also in talks to farm-out some of its share in the block. Tullow''s…

TMA Logistics Wins SGRE Work

Jan 13, 2020

Dutch outfit TMA Logistics has been commissioned by Siemens Gamesa Renewables Energy (SGRE) to provide the transhipment and transhipment of wind turbines for Windpark Fryslân. Image: Port of Amsterdam Wind…

TenneT Ups Offshore Wind Capacity to 7132MW

Jan 13, 2020

TenneT, the German arm of the bigger Dutch transmission network group of the same name, has increased offshore wind energy connection capacity to 7,132 megawatts. Image: TenneT 'TenneT's…

Seatools Wins Taiwan offshore Gig

Jan 13, 2020

Dutch subsea technology company Seatools  has won a contract to design and deliver a piling template hydraulic and instrumentation system to be used on an offshore wind farm in Taiwan. Image: Seatools According to Seatools…

Orsted Constructs 1st Dutch OWF

Jan 13, 2020

The global leader in offshore wind Ørsted has started construction of its first offshore wind farm in the Netherlands by installing the first foundations at the 752-megawatt Borssele 1 & 2 offshore wind farm (OWF). Photo…

HWWI Intros DECOM Tools for Offshore Wind

Jan 13, 2020

The Hamburg Institute of International Economics (HWWI) has drafted a new market analysis on offshore wind energy and decommissioning in the scope of the INTERREG-North Sea project 'DECOM Tools'. The project partners of 'Decom Tools'…

Rovco Nets $6.5 Mln Investment

Jan 13, 2020

Subsea technology firm Rovco announced it has secured £5 million ($6.5 million) in new funding to support international expansion and continued development of 3D computer vision and artificial intelligence (AI) subsea technology. (Photo…

Zama a Giant Plus for Mexico

Jan 13, 2020

At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin. Mexico-able: a Seadrill-operated jack-up (Photo: Seadrill) That…

Equinor's Johan Castberg director moves to OKEA

Jan 13, 2020

Norway's OKEA has appointed Knut Gjertsen as a new SVP Project and Technology. Knut Gjertsen / Image source: OKEA The Oslo-listed oil firm said Monday that Gjertsen was joining from the…

CNOOC to Drill 227 Exploration Wells in 2020

Jan 13, 2020

Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters. Illustration…

Liza Unity FPSO Hull Arrives in Singapore

Jan 13, 2020

The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022…

Neptune Energy Taps Three60 for UKCS work

Jan 13, 2020

Oil and gas company Neptune Energy has awarded energy services firm Three60 Energy a framework contract to deliver engineering and support services for its UK Continental Shelf portfolio. The…

Gassco Urges Norway to Boost Arctic Gas Export Capacity

Jan 13, 2020

Norway should construct a new pipeline or a second liquefied natural gas (LNG) unit to boost its gas exports from the Arctic Barents Sea, pipeline system operator Gassco said on Monday. Norwegian Barents…

Zenith Step Closer To Buying AAOG Congo

Jan 13, 2020

London-listed Zenith Energy has skipped „a major hurdle“ towards acquiring majority rights in Congo focused Anglo African Oil & Gas Congo SAU. Aerial view of the Tilapia site / Image source: AAOG Namely…

E. Guinea Signs MoUs For Oil and Gas Blocks

Jan 13, 2020

Equatorial Guinea’s minister for mines and hydrocarbons Gabriel Mbaga Obiang Lima has signed several MoU with bidders of the country’s 2019 Licensing Round.The government of Equatorial Guinea last year offered 27 free blocks for exploration…

The Future is in the North

Jan 13, 2020

Sea usesWhile others are known as rulers of the seas, Norway has been more known as users, locally and worldwide. No wonder, since Norwegian waters are covering an area of close to six times the size of the Norwegian land areas. The…

Batched Drilling Saves Rig Time at Mad Dog 2

Jan 13, 2020

With the Argos semisubmersible due to begin production from BP’s Mad Dog field in late 2021, the drilling team needed to ensure the drilling campaign stayed on schedule. The West Auriga, under contract to BP through October 2020…

First Gas Flows From SapuraOMV's SK408 Block

Jan 13, 2020

SapuraOMV, an E&P joint venture between Malaysia's Sapura and Austrian OMV, has started the first production from SK408 block, off Malaysia, bringing online the Larak gas field. The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014…

Lekoil in Trading Halt After Funding Deal Query

Jan 13, 2020

London-listed oil company Lekoil has suspended trading of its shares after the Qatari Investment Authority questioned the validity of its recently announced funding agreement.Lekoil, focused on oil and gas activities in Africa, earlier in January…

Shell Presses Ahead with Malikai Phase 2

Jan 13, 2020

Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia. Malikai platform (File photo by BMT) In an announcement on Monday…

Bourbon Assets Sold to SPP

Jan 13, 2020

Assets of the French offshore vessel owned Bourbon have been sold to SPP, a company owned by a group of French banks, following a court decision announced in December. Illustration; A Bourbon Offshore…

TGS names SVP Imaging. Strikes Google Cloud deal

Jan 13, 2020

Norway-based seismic data provider TGS has appointed Scott Mitchel, an ex-BP man, as Senior Vice President of Imaging at TGS. TGS has also signed a deal with Google Cloud for cloud-based computing capacity. Mitchell…

Lundin Cuts Ambition for Arctic Alta, Gohta development

Jan 13, 2020

Lundin Petroleum has cut its resource estimate for the Alta oil discovery in the Norwegian Arctic, and no longer sees Alta and the nearby Gohta find as commercially viable for a joint field development, the Swedish company said on Monday. Illustration…

Equinor, Ørsted Spearheading Offshore Wind Coalition

Jan 13, 2020

Norwegian energy firm Equinor and Danish offshore wind power company Ørsted will lead a newly formed international Ocean Renewable Energy Action Coalition aimed to boost the sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change…

7th Extension for FPSO Polvo in Brazil

Jan 13, 2020

Brazilian oil firm PetroRio has extended the FPSO Polvo charter with BW Offshore.  FPSO Polvo - Source: BW Offshore Oslo-listed owner of the FPSO BW Offshore said Friday that it had signed…

Equatorial Guinea To Add 20,000 BPD of Oil Production This Year

Jan 13, 2020

Equatorial Guinea will add 20,000 barrels per day (bpd) of oil production by October, the country's oil minister said on Sunday.  Illustration: Gabriel Obiang Lima, Equatorial Guinea''s oil minister…

Saipem Contracts Cathie for NnG

Jan 12, 2020

The offshore geoscience and geotechnical engineering consultancy Cathie Group has secured a contract by the Italian oil and gas contractor Saipem to provide geotechnical assistance for the Neart na Gaoithe (NnG) offshore wind project in the UK…

Saint-Nazaire OWF Construction Begins

Jan 12, 2020

The first steel sheet of the electrical substation for the offshore wind farm (OWF) of Saint-Nazaire (west of France) was cut at Chantiers de l’Atlantique shipyard in Saint-Nazaire. Ordered in August 2019 by Parc du Banc de Guérande…

Germany’s biggest OWF Operational Now

Jan 12, 2020

Germany’s biggest wind farm has been fully connected to the grid. According to EnBW Energie Baden-Württemberg AG  (EnBW), its  Albatros offshore wind farm is  located roughly 100 km off the coast of Germany. Image…

Replacement Turret for Lufeng FSO Completed

Jan 10, 2020

SOFEC said it has loaded out of the replacement turret for the floating storage and offloading unit (FSO) HYSY121 at the Lufeng field, in the South China Sea. (Photo: SOFEC) The construction…

COSL, Equinor Settle Rig Termination Dispute

Jan 10, 2020

Chinese offshore drilling contractor COSL has settled a rig contract termination dispute with Equinor and has entered into an agreement with the oil company for potential future rig work. Equinor…

Aker BP to Use Deepsea Nordkapp Rig For Alvheim Producer

Jan 10, 2020

The Norwegian offshore safety regulator PSA Norway has given its consent for Aker BP to use Odfjell Drilling's Deepsea Nordkapp drilling rig to drill at the Alvheim field, off Norway. The…

Exploration in 2020: The Transition is Yet to Start

Jan 10, 2020

The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…

Deep Down to Repair Umbilicals for Two Oil Operators

Jan 10, 2020

Subsea equipment specialist Deep Down has received orders from two independent oil and gas operators for emergency umbilical repairs in the U.S. Gulf of Mexico and West Africa. Illustration: ROV crew…

Subsea 7 Wins 'Very Large' Sangomar Contract

Jan 10, 2020

Offshore installation and construction specialist Subsea 7 has said it has won a 'very large' subsea equipment contract from Woodside for the Sangomar project offshore Senegal. Illustration: A Subsea 7 vessel - Image by SV1XV…

Equinor Obtains Approval for Bauge Drilling

Jan 10, 2020

The Norwegian oil company Equinor has secured consent to use the Transocean Norge offshore drilling rig for drilling operations in the Norwegian Sea. Transocean Norge - Image Source: Equinor The country's offshore safety body…

World Adds 22 Offshore Rigs, Baker Hughes Dec. Count shows

Jan 10, 2020

There were 282 offshore drilling rigs actively exploring for or developing oil or natural gas worldwide in December 2019. Illustration; Offshore drilling rig - Image by Lukasz Z - Adobe Stock This…

Subsea 7 Wins 'Very Large' Sangomar Contract

Jan 10, 2020

Illustration: A Subsea 7 vessel - Image by SV1XV - Ipernity / Shared under CC BY 3.0 license

Apache Corp To Close San Antonio Office, Cut 272 Jobs

Jan 10, 2020

U.S. oil and gas producer Apache Corp will close its San Antonio, Texas office overseeing its struggling Alpine High project in the Permian basin and 272 jobs will be affected. Illustration; Oil workers…

Modec Confirms Sangomar FPSO Order

Jan 10, 2020

Japanese FPSO specialist Modec has confirmed it has secured an order from Woodside for an FPSO to be deployed at the Sangomar project offshore Senegal. Artist impression of the FPSO for the Sangomar…

Optimum, Lekoil in OPL310 Survey Ahead of Drilling

Jan 10, 2020

Optimum and Lekoil, partners in the OPL 310 license offshore Nigeria, have kicked off the site survey ahead of the planned drilling expected later this year. OPL 310 map / Image source: Lekoil 'The marine vessel…

Noble Energy Hires Maersk Rig for Colombia Drilling

Jan 10, 2020

U.S. oil firm Noble Energy has hired a 7th generation Maersk drillship for its drilling operation in Colombia. Maersk Valiant drillship - Image source: Maersk Drilling Maersk Drilling…

Karoon: Stena Forth Drillship Reaches Peru

Jan 10, 2020

The Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling the Marina-1 exploration well for Australia's Karoon Energy. The exploration well is located in Peru's Block Z-38 Tumbes Basin…

Oil Prices Fall Further as Threat of Middle East War Recedes

Jan 10, 2020

Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories. Illustration…

Woodside Executes Sangomar Contracts As FDP Approved

Jan 10, 2020

Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the 'execute phase' of activities.  Sangomar FPSO (Artist impression…

Prysmian to Wire Chinese Offshore Wind Turbine

Jan 09, 2020

Italian multinational manufacturer of cables Prysmian Group has been awarded a contract by Dongfang Electric Corporation (DEC) for the supply of cables for DEC’s newest 10 MW offshore wind turbine prototype. Image…

Triton Knoll Begins Offshore Construction

Jan 09, 2020

Triton Knoll Wind Farm is all set to begin installation of the first offshore components at the windfarm in the innogy fleet. New Grimsby team will manage all offshore construction activity. Image: Triton Knoll Julian Garnsey…

Oil And Gas Discoveries Hit 4-Year High

Jan 09, 2020

The global oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015. Graph: Rystad Energy According to Rystad Energy…

No New Oil Auctions, Mexico's President Says

Jan 09, 2020

Mexico's President Andres Manuel Lopez Obrador said on Wednesday his government was not contemplating reopening oil and gas auctions this year, ending hopes his left-leaning government will soon spur private investment in the energy sector. An…

Providence's New CEO Eyeing Barryroe Investors

Jan 09, 2020

Irish oil and gas explorer Providence Resources has appointed Alan Linn as a new CEO. He hopes to help the company with the development of long-delayed Barryroe offshore oilfield. He will also join the board as an executive director. Barryroe…

Cleaning Liquid Proves Deadly for Brazilian Crew

Jan 09, 2020

One person died, and five others became seriously ill after reportedly drinking cleaning liquid earlier this week aboard a floating production, storage and offloading unit (FPSO) being transported by Boskalis' Vanguard heavy-transport vessel…

Oxy Slashing Jobs 'Significantly'

Jan 09, 2020

Occidental Petroleum Corp said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum. © supakitmod / Adobe Stock The…

Equinor, Lundin Tap Shearwater for 4D Surveys

Jan 09, 2020

Norwegian seismic player Shearwater has signed letters of intent with Equinor for three 4D towed streamer projects by Equinor. Apart from the Equinor LoIs, Shearwater has secured 4D Ocean Bottom Seismic (OBS) project with Lundin Norway for the 2020 North Sea summer season…

Jadestone Wins Arbitration against Total

Jan 09, 2020

Independent oil and gas producer Jadestone Energy has won an arbitration case against Total regarding a dispute over an offshore block in the Philippines. Statue of justice / Image by BillionPhotos.com/AdobeStock Jadestone Energy…

China Opens p oil and gas sector for foreign firms

Jan 09, 2020

For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.  Illustration…

China Opens Up to Foreign E&P Firms

Jan 09, 2020

For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies. ©…

More Than Half of Norway's O&G Reserves Yet To Be Produced

Jan 09, 2020

Norway started producing oil more half a century ago, and, according to the Norwegian Petroleum Directorate, it still hasn't produced half of the resources available. Director General of the NPD Ingrid…

SeaBird signs Asia survey LoA

Jan 09, 2020

Oslo-listed marine seismic acquisition firm SeaBird Exploration has secured a letter of award for a survey in Asia. For illustration: SeaBird''s Harrier Explorer vessel / Image by Ria Maat / MarineTraffic…

Gabon: Vaalco's Etame 11H Well Beats Expectations

Jan 09, 2020

Africa focused oil and gas firm Vaalco Energy has brought online another well at the Etame field offshore Gabon. The well Etame 11H well has been producing at a higher than anticipated rate, the company said Wednesday. A…

Shearwater Takes Over CGG Seismic Vessels

Jan 09, 2020

Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019.  A CGG seismic vessel / Image…

Equinor, Partners Extending Statfjord Life

Jan 09, 2020

Norwegian energy company Equinor and its partners plan to extend the oil production from the Statfjord Area in the Norwegian part of the North Sea towards 2040. The area has been in production for 40 years.Based on the extensive mapping of the…

Woodside Gets OK for Sangomar Field in Senegal

Jan 09, 2020

Australian oil and gas firm Woodside has received the Senegal government exploitation authorization for the Sangomar field development offshore Senegal. Sangomar field development / Image source: Woodside Woodside…

TGS Q4 Revenue Misses Forecast

Jan 09, 2020

Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday. Seismic streamers - Image by DedMityay / Source: Adobe Stock So…

RWE is Possible Takeover Target in Renewables Boom

Jan 09, 2020

RWE, Germany's largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman Sachs said in a research note on Wednesday.Following an asset swap with E.ON…

Oil, New Investors Keeping FPSO Market Buoyant

Jan 09, 2020

Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. Buoyant…

Offshore Operational Production Costs Down

Jan 08, 2020

Operational production costs in the oil and gas industry have fallen across the globe, with UK emerging as a cost-cutting powerhouse among global offshore regions. Graph: Rystad Energy Specifically…

MHI Vestas Picks Roenne for Arcadis Ost

Jan 08, 2020

Danish wind turbines manufacturer MHI Vestas Offshore Wind has selected Port of Rønne in Denmark to pre-assemble and ship components for the turbines for the Arcadis Ost 1 offshore windfarm. Image: MHI…

NY to Create Offshore Wind Training Institute

Jan 08, 2020

New York Governor Andrew Cuomo has announced plans to create Offshore Wind Training Institute to offer offshore wind training programs. Andrew M. Cuomo. Photo: Governor''s office The…

Premier Oil, Rockhopper in Sea Lion Farmout Push

Jan 08, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. Sea Lion development…

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Jan 08, 2020

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Gambia Offshore Data Acquisition Gets a Boost

Jan 08, 2020

Gambia’s petroleum sector objective in the National Development Plan (NDP) of 2018-2021 is shaping up even before the year 2020 gains momentum after Australian firm FAR Ltd announced a key offshore data acquisition project in the West African country…

Transocean Nabs New Deals and Extensions for 8 Rigs

Jan 08, 2020

Offshore drilling giant Transocean has managed to secure new contracts and extensions for eight offshore drilling rigs since its last rig fleet status report issued in October 2019. Transocean Norge…

Roll Group Adds a Module Carrier to Its Fleet

Jan 08, 2020

Roll Group announced it has added another module carrier into its fleet as the Netherlands-based company eyes growing prospects in the oil and gas and offshore wind markets. Artist impression of the…

Premier Oil Charters Valaris Drillship for Brazil Drilling

Jan 08, 2020

UK oil and gas player Premier Oil has chartered a Valaris drillship for its Brazilian operations. Valaris DS-9 - Image source: Valaris In its operational update on Tuesday, Premier Oil said it had chartered the Valaris DS-9 drillship…

Aker BP Gearing Up for North Sea Appraisal Well Spud

Jan 08, 2020

Aker BP has received permission to drill an appraisal well in the North Sea offshore Norway. Deepsea Nordkapp drilling rig / Image by Odfjell Drilling The appraisal well 25/2-22 S will…

Mammoet Completes ALE Acquisition

Jan 08, 2020

The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider. (Photo: ALE) The…

Fairfield in Solstad Offshore PSV Duo Extensions

Jan 08, 2020

UK-based Fairfield Betula Limited has extended two platform supply vessels with Solstad Offshore. Far Symphony - Source: Solstad Offshore The Norwegian offshore vessel owner said Wednesday…

Three Injured in Pemex Platform Fire

Jan 08, 2020

Three people were injured in a fire on a platform run by Mexican state oil firm Petroleos Mexicanos (Pemex) on Tuesday, the company said, briefly leading to the evacuation of the rig. Illustration: Pemex''s Akal C platforms - Image by BoH/Wikimedia Commons…

Petrofac Helping Petrogas NEO UK Establish North Sea Ops

Jan 08, 2020

Petrogas NEO UK has hired the UK-based oilfield services provider Petrofac to establish its North Sea operation. Illustration: Petrofac''s offshore operations; Image source: Petrofac Petrogas…

Neptune Gets Nod for Norwegian Sea Wildcat

Jan 08, 2020

Oil and gas company Neptune Energy has obtained permission to drill an exploration well in the Norwegian Sea. The West Phoenix drilling rig. (Photo: Seadrill) The well 6507/8-10 S - the…

ExxonMobil Confirms May Exit Romanian Offshore Gas Project

Jan 08, 2020

U.S. energy major ExxonMobil confirmed late on Tuesday it is weighing an exit from a long-stalled Romanian natural gas venture and has begun providing information to potential buyers. Illustration: Romanian…

New Contract, Higher Day Rate for ADES Jack-Up Rig

Jan 08, 2020

Drilling rig contractor ADES International has secured a contract for its ADMARINE 262 jack-up rig. ©xmentoys / Adobe Stock The MENA-focused drilling contractor, which owns 13 jack-up drilling rigs…

Wintershall Dea Drills Duster in Norwegian Sea

Jan 08, 2020

Wintershall Dea has drilled a dry exploration well in the Norwegian Sea. The Scarabeo 8 drilling rig - Image by Kvitrud / Wikimedia Commons, Shared under CC BY-SA 3.0 license The German…

Sentinel Marine Expands Fleet

Jan 07, 2020

Offshore support vessel operator Sentinel Marine has introduced the newest fleet of emergency response and rescue vessels in the North Sea – and help clean up the offshore environment. Image: Sentinel…

Ocean Installer Appoints New CEO

Jan 07, 2020

Ocean Installer has announced the appointment of Odd Strømsnes as the company’s new CEO as company enters new growth phase and addresses offshore wind market. Kevin Murphy, Deputy CEO. Photo: Ocean Installer…

Shearwater GeoServices Bags Gambia 3D Gig

Jan 07, 2020

The provider of 3D marine seismic data, imaging products, and data processing software solutions, Shearwater Geoservices has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia Ltd (FAR). Image…

Ørsted Appoints APAC Head

Jan 07, 2020

Global offshore wind giant Ørsted said that Matthias Bausenwein, President of Ørsted Asia Pacific, has been appointed to the new role as Head of the Asia Pacific Region (APAC), based in Taipei. Matthias Bausenwein…

SGRE Wins 2.6GW Offshore Turbine Deal in US

Jan 07, 2020

Siemens Gamesa Renewable Energy (SGRE), the world’s largest supplier of offshore wind turbines, won the order for Dominion Energy’s 2,640-megawatt project off the coast of Virginia, U.S.A. Image: Siemens…

Norwegian PM Opens Johan Sverdrup Field

Jan 07, 2020

Norway's prime minister Erna Solberg has opened the Johan Sverdrup field center, and the Minister of Petroleum and Energy, Sylvi Listhaug, also attended the opening. Image: Equinor Since…

BP, Premier Oil in $625M North Sea Deal

Jan 07, 2020

Energy giant BP has agreed a $625m deal to sell a package of North Sea assets. Premier Oil will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Shearwater field…

Talos Confirms Zama Resources

Jan 07, 2020

Talos Energy, upon completion of third-party contingent resource evaluation of the company's Zama discovery offshore Mexico, said best estimates are near the high end of its previously guided range, and noted it aims to achieve a final investment…

Apache Makes Major Discovery Offshore Suriname

Jan 07, 2020

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%. (Image: Total) The discovery…

Shelf Drilling Wraps Maersk Completer Rig Buy

Jan 07, 2020

Dubai-based offshore drilling firm Shelf Drilling has completed the purchase of the jack-up drilling rig Maersk Completer from Maersk Drilling.  Maersk Completer jack-up rig. Source: Maersk Drilling The rig…

Major Oil Discovery Made Offshore Suriname

Jan 07, 2020

Apache Corporation and Total said on Tuesday they made a major oil discovery offshore Suriname with the closely watched Maka-Central 1 well. Apache's exploration offshore Suriname has…

Apache Makes Major Discovery Offshore Suriname

Jan 07, 2020

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%. Photo courtesy of Total The discovery…

Taiwan to Add 10GW of Offshore Wind

Jan 06, 2020

Taiwan's Ministry of Economic Affairs (MOEA) planned a new target to develop further 10 GW of offshore wind capacity between 2026 to 2035 - anticipation of a price drop below the average consumer price. Image: Ministry of Economic Affairs (MOEA)…

EMGS Vessel Utilization Up

Jan 06, 2020

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. EMGS survey vessel sailing in Hammerfest…

Gazprom Neft Completes Okhotsk Survey

Jan 06, 2020

Russian oil and gas exploration company Gazprom Neft has completed ecological monitoring of grey whale populations at the Ayashsky license block, offshore from Sakhalin Island, with expedition members registering more than 550 animals in the course of a five-month survey…

Fugro Loses Arbitration Case

Jan 06, 2020

Dutch multinational Geo-data specialist Fugro announced that it has been disappointed in an arbitration case involving Tasik Toba Subsea in March 2019, of a long-term chartered DP3 diving support vessel, the Southern Star. Image…

Activists Climb Jackup in Dundee

Jan 06, 2020

Activists on Monday boarded a jackup drilling rig in Dundee harbor, in Scotland, aiming to prevent the rig from departing for scheduled drilling operations for Shell in the North Sea. (Photo: Extinction Rebellion Scotland) The 'occupied' rig…

Oil Hits $70 a Barrel

Jan 06, 2020

Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. ©…

Royston Overhauls Aoka Mizu FPSO Power Systems

Jan 06, 2020

Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu. (Photo: Royston) The…

Turkey, Libya May Contract Drillers in Eastern Med

Jan 06, 2020

Turkey and Libya could work with international companies to search for oil and gas in the eastern Mediterranean, Turkish President Tayyip Erdogan said on Sunday, following a deal between Ankara and the Tripoli-based government on maritime borders…

Equinor Targets Zero Emissions by 2050

Jan 06, 2020

Norwegian offshore operator Equinor said Monday it will invest 50 billion kroner ($5.67 billion) over 10 years on a path toward reducing company-wide emissions by 40% through to 2030. (Photo: Espen Rønnevik/Øyvind Gravås…

Energean, DEPA Pact for EastMed Pipeline

Jan 05, 2020

UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project. Image…

Gulf Marine Services Wins Two Contracts

Jan 05, 2020

Gulf Marine Services PLC,  the operator of self-propelled and self-elevating support vessels (SESVs) said it has been awarded two contracts, with secured utilization of its fleet for 2020 now exceeding the year before. Image…

Borr Drilling Appoints Neil Glass as Director

Jan 05, 2020

International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board. Image: Borr Drilling Limited Glass…

Mexico and Pemex Face Downgrade Risk

Jan 03, 2020

Mexico threw troubled state oil company Pemex a lifeline in 2019 to stop $80 billion in bonds held by investors worldwide being labeled junk by credit rating agencies. Now, investors worry that the state itself is a risk for Pemex. (Photo…

ExxonMobil Expects Norway Asset Sale to Boost Results

Jan 03, 2020

Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday. ExxonMobil''s…

ENA Shogun Signed On One-year Deal

Jan 03, 2020

Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet. ENA…

Sapura Esperanza Extended in Malaysia

Jan 03, 2020

Oil and gas services firm Sapura Energy said it has been awarded a contract extension by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited, for the provision of a semi-submersible tender assist drilling rig, Sapura Esperanza. (Photo…

i3 Energy to Drill at Serenity, Liberator

Jan 03, 2020

i3 Energy, the oil and gas development company initially focused on the North Sea, plans appraisal drilling in mid-year on its Serenity and Liberator oil discoveries in the UK central North Sea. Image…

New Year’s Lift for Rig Owners

Jan 02, 2020

Norway’s bevy of oilfield supplier had a terrific day on the stock market Thursday, the first day back from holiday riding a buoyant oil price and news Chinese and Norwegian orders for oilfield items was on-again. Market…

Gould Elected to Oxy Board of Directors

Jan 02, 2020

US based oil and gas company Occidental Petroleum announced on Thursday that former Schlumberger Chairman and Chief Executive Officer Andrew Gould has been elected to its Board of Directors effective March 1, 2020. (File…

i3 Plots 2020 Drilling

Jan 02, 2020

Following i3 Energy's 2019 drilling campaign at Serenity and Liberator, the company announced Thursday it is now preparing for a mid-2020 appraisal program to delineate the fields believed to contain more than 600 million barrels P50 STOIIP…

LEKOIL Secures Funding for Ogo Field Drilling

Jan 02, 2020

West Africa focused exploration and production company LEKOIL announced on Thursday that it has secured funding for the appraisal drilling and initial development program activities on the Ogo field within OPL 310 offshore Nigeria. (Image…

Carapa Wildcat Disappoints in Guyana

Jan 02, 2020

Shares of Tullow Oil dropped by nearly a fifth on Thursday as the oil producer's update on the commercial viability of its new well offshore Guyana disappointed investors. Tullow said…

Petrobras Board Member Lins Resigns

Jan 02, 2020

Brazil's state-run oil company Petroleo Brasileiro said on Thursday that board member Clarissa Lins had tendered her resignation. © Celso Pupo / Adobe Stock In a securities filing, Petrobras…

Africa Looks Forward to More Productive 2020

Jan 02, 2020

As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural…

Subsea 7 Confirms Executive Management Changes

Jan 02, 2020

Offsore services firm Subsea 7 on Thursday announced changes to its executive management team, including the appointment of a new Chief Executive Officer and three Executive Vice Presidents, effective from January 1, 2020. (Photo…

GEV Pact with CIMC Raffles for 8 Vessels

Jan 02, 2020

Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order…

Shareholder base Expands on Fortum's Nordic Wind Portfolio

Jan 02, 2020

Finnish state-owned energy company Fortum and Credit Suisse Energy Infrastructure Partners (CSEIP) have today signed an agreement whereby funds advised by CSEIP will acquire an 80% stake in Fortum’s Nordic wind portfolio. Image…

KEPCO Starts Caspian Sea Oil Exploration

Jan 01, 2020

Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company (NIOC) which handles exploration operation in the Caspian Sea region in northern Iran, has announced the start of two major projects within areas run by the company…

Estonia Mulls OWF in Gulf of Riga

Jan 01, 2020

The Estonian government's decision to initiate the construction permit procedure for the Gulf of Riga offshore wind farm allows Eesti Energia to continue its research and search for partners for the construction of an offshore wind farm in the Gulf of Riga…

Eni Extends Abo FPSO Contract

Jan 01, 2020

BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A. Image…

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