Offshore Activity - page 976


North Sea Major Taps EthosEnergy of Offshore Turbine Maintenance

May 20, 2020

EthosEnergy has been awarded a five-year turbine maintenance contract by a major North Sea operator for the support of its full fleet of gas turbines in the North Sea, UK.EthosEnergy said Wednesday the value of the contract was in multi-million pounds…

Spirit Energy Hires PD&MS for Complex E&P Modifications

May 20, 2020

Aberdeen-based engineering and design firm PD&MS has been awarded a new three-year contract with options for a further three-year extension with oil company Spirit Energy. The deal, worth an undisclosed multimillion-pound sum, will see PD&MS deliver complex modifications for the E&P business…

Japan's JXTG to Spend $14B on Low-Carbon Transformation

May 20, 2020

JXTG Holdings Inc, Japan's biggest oil refiner, said on Wednesday it will spend 1.5 trillion yen ($14 billion) for the next three years to drive its transformation into a supplier of low-carbon energy and materials.The planned spending, mapped…

Tanjung Offshore Nets 4-Year Contract with Hess

May 20, 2020

Malaysian offshore services provider Tanjung Offshore has secured a contract with Carigali Hess Operating Company, a Malaysian subsidiary of the U.S. oil company Hess Corp.The contract is for the provision of onshore fabrication, offshore hook-up and commissioning for infill flowlines…

Worley, BP Sign Offshore Engineering Frame Agreements

May 20, 2020

Australia-based global engineering company Worley has signed two frame agreements with oil major BP for the provision of offshore engineering services.Worley said Wednesday that one frame agreement was for conceptual engineering and the other…

Offshore Rig Inspection Firm Launches COVID-19 Resilience Audit

May 20, 2020

UK-based rig inspection company Aberdeen Drilling Consultants (ADC) has launched what it calls a 'resilience audit' aimed at helping the global oil and gas industry maintain safe operations by protecting against the spread of COVID-19 on offshore installations…

National Oil Companies to Cut Over a Quarter of Exploration Budgets

May 20, 2020

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says energy intelligence group Wood Mackenzie.Woodmac said Wednesday its analysis was based on announcements and tracking well plans of 11 top spending NOC explorers…

Iberdrola to Enter $8B Offshore Wind Project in UK

May 20, 2020

Iberdrola will enter a 6.5 billion pound ($8 billion) offshore wind project in Britain's renewable auction next year, the company's offshore wind head told Reuters.Britain, the world's largest offshore wind market accounting for around 40% of global capacity…

Maersk Supply Service Wins Dunlin Alpha Subsea Removal Gig

May 20, 2020

Danish offshore vessel owner Maersk Supply Service has won a contract for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames in the UK North Sea, by Fairfield Betula Limited.Maersk Supply Service will remove four 30”…

Angola's Oil Exploration Evaporates

May 20, 2020

The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…

Tough Time for Exploration, But There's Still a Business Case For It

May 20, 2020

Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays.  The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices…

NEO Energy, Total Revise Terms of UK North Sea Deal

May 20, 2020

HitecVision's NEO Energy company has renegotiated the terms of the acquisition of Total's UK North Sea assets, first announced in July 2019.The original agreement stipulated that Petrogas NEO, a joint venture between Petrogas, the exploration…

JOG Takes Over Verbier Discovery from Equinor

May 20, 2020

Jersey Oil & Gas has completed the acquisition of operatorship and a 70% working interest from Equinor in the UK North Sea license containing the Verbier discovery in the UK from Equinor.The consideration for the acquisition consists of two…

PHOTO: Heerema's Giant Crane Vessel Completes Its First Decom Gig

May 19, 2020

Heerema Marine Contractors' giant semi-submersible crane vessel Sleipnir has completed its first offshore decommissioning project.The vessel, which has been around for almost a year, has so far mostly conducted installation works, such as the…

Denmark, Vietnam Talk Offshore Wind Expansion

May 19, 2020

Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the…

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