Offshore News

 

Weatherford Rolls Out ForeSite Optimization Platform

Jan 27, 2019

Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells…

Rebuilding Confidence in Reactivated DP Assets

Jan 25, 2019

The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods…

DAVOS: Oil Majors Huddle in DAVOS to Mull Future

Jan 24, 2019

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.The conclusion of the discussions…

Offshore Terminal Plan Slowed by U.S. Shutdown

Jan 24, 2019

The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday…

Shipbuilding: Keppel Sees Rig Recovery, Profits Up

Jan 24, 2019

Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99…

RWE Could Spend up to $2.8 bln a Year on Renewables

Jan 22, 2019

RWE, which will become the world's No.2 offshore wind player following a deal to break up its Innogy unit, could spend about 2.5 billion euros ($2.8 billion) a year to expand its renewables business, its chief executive said.'We can fund about 1…

HST Orders Damen Fast Crew Supply Vessel

Jan 21, 2019

Damen and High Speed Transfers Ltd (HST) signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year. The FCS 2710 is the replacement for Damen’s FCS 2610 and was first shown to the world in July 2018 with HST as the lead customer…

Ørsted, Tepco Join Forces for Japan Offshore Push

Jan 20, 2019

Tokyo Electric Power Company Holdings (TEPCO) has signed a memorandum of understanding (MoU) with Danish energy business Orsted to work together on offshore wind projects.In a press release, TEPCO said that it had been “exploring offshore wind business opportunities” in both Japan and overseas…

Schottel Merges Tidal Units to Sustainable Marine Energy

Jan 20, 2019

Schottel, the manufacturer of propulsion and steering systems for ships and offshore applications, has made a strategic decision to merge its tidal energy businesses into Sustainable Marine Energy (SME), including UK subsidiary TidalStream Ltd…

Inpex Wins Exploration Acreage Offshore Norway

Jan 20, 2019

Japan’s Inpex Corporation, through its unit Inpex Norge bagged two exploration licenses offshore Norway in Norway’s Awards in Predefined Areas (APA) 2018 licensing round.The PL1027is located in the western Barents Sea offshore and PL1016 is…

Government Shutdown: Atlantic Seismic Permitting Blocked by Judge

Jan 19, 2019

A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U…

Siemens Gamesa Launches First 10MW Offshore Turbine

Jan 17, 2019

Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a new generation of super-charged offshore wind farms.The turbine maker said in a press release that the new SG 10…

Seacor Marine Acquires Three Cosco PSVs

Jan 17, 2019

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group…

Offshore Service Market to Outspace Onshore Shale

Jan 17, 2019

Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance…

CNOOC Storing LNG Offshore

Jan 16, 2019

China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.China faced a severe winter gas…

Current News

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BP to Shut West Chirag Platform for Maintenance

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Exxon Appoints Bank to Sell Malaysia Assets

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Saipem Wins BP Azerbaijan Job

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