Offshore Activity - page 1001


Aker BP Makes Small Gas Discovery off Norway

Apr 06, 2020

Norwegian oil company Aker BP has made a minor gas discovery in the Norwegian Sea, 210 kilometers west of Brønnøysund.The Norwegian Petroleum Directorate reported on Monday that Aker BP had completed the drilling of the wildcat well 6506/5-1 S…

Vestas Wind Turbines for Offshore Wind Farm in Japan

Apr 06, 2020

Danish wind turbine manufacturer Vestas has received an order from MHI Vestas Offshore Wind for the supply 33 Vestas V117-4.2MW typhoon variant turbines for Akita Noshiro offshore wind farm project in Japan. The Akita Norshiro offshore wind farm…

Oil Drops after Saudi Arabia, Russia Delay Meeting on Output Cuts

Apr 06, 2020

Oil prices slipped on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.Brent crude slipped close to $30 a barrel in early trade and was at $33…

PetroVietnam's Q1 Profit Likely Halved to $188.5M

Apr 05, 2020

PetroVietnam's net profit in the first quarter of this year likely fell 50.8% from a year earlier to 4.44 trillion dong ($188.5 million) due to low oil prices and weak demand due to the new coronavirus, Vietnam's state oil firm said on Sunday…

Norway May Cut Oil Output if Other Big Producers Agree Deal

Apr 05, 2020

Western Europe's largest oil and gas producer Norway said on Saturday it would consider cutting its oil production if a global deal to curb supply is agreed by the world's biggest producers.OPEC and its allies are working on a deal for an oil…

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Apr 03, 2020

Malaysia's state energy giant Petronas, struggling with weak prices and falling demand, said on Friday its own funding needs and debt obligations would dictate any special dividend to the government amid the coronavirus crisis.The government…

Guyana's Oil Output Rises 58%

Apr 03, 2020

Guyana's oil output rose 58.2% to 56,320 barrels per day (bpd) in January, up from 35,607 bpd in December, the South American country's finance ministry said in a report published this week.The government is still working with the consortium…

Norwegian Gas Exports to UK Fall Sharply as Demand Slumps

Apr 03, 2020

Pipeline gas flows from Norway to Britain fell 44% on Friday from the start of the week as the summer gas season starts and coronavirus lockdowns continue to hit demand, data shows.Pipeline gas flows to Britain fell to 49.7 million cubic meters (mcm) per day on Friday…

Head Energy's EPCIC Engineering Division Names Operations Manager

Apr 03, 2020

Norwegian offshore engineering company Head Energy has made a new addition to its EPCIC Engineering Division. EPCIC stands for Engineering, Procurement, Construction, Installation & Commissioning.Head Energy said Friday that Oskar Leirgulen had joined the division as operations manager…

RWE Sanctions 342 MW Offshore Wind Farm Project

Apr 03, 2020

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.Contracts worth more than 500 million euros ($539 million) have been signed for all major components of the Kaskasi project…

Petrobras Strikes Pre-Salt Oil Find

Apr 03, 2020

Brazil's state-controlled oil company Petrobras has made an oil discovery in deep waters offshore Brazil.Petrobras said Thursday it had discovered the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt…

Subsea 7 Scores 'Sizeable' Offshore Wind Deal in Germany

Apr 03, 2020

Offshore installation and construction company Subsea 7 has said it has won a sizeable contract - meaning worth between $50 million and $150 million, for work on a wind farm offshore Germany.Subsea 7 said Friday the contract was with innogy Kaskasi for the Kaskasi offshore wind farm project…

OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

Apr 03, 2020

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic…

EU Funds Floating Wind Turbine Project in Norway

Apr 03, 2020

The European Union has granted funds to an international consortium led by Spain's Iberdrola, to install and test a floating wind turbine in Norway.Norwegian Offshore Wind Cluster said earlier this week that the EU had granted NOK 290 million (~$27…

COVID-19 Challenges for UK's and Norway's E&P

Apr 03, 2020

The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilize oil prices…

Current News

VARD Snags $125m Shipbuilding Deal for Subsea Contruction Vessel

Imrandd Expands Work Scope for Apache’s North Sea Assets

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

Global Trade War Worries Grow as Trump Unveils Sweeping Tariffs

Subscribe for OE Digital E‑News

Offshore Engineer Magazine