Offshore Activity - page 1001


Delays for Offshore Exploration Plans in Norway

Apr 08, 2020

Offshore exploration activity in Norway has been reduced as a result of the coronavirus pandemic and the low oil prices, while production 'will be maintained for the time being,' the Norwegian Petroleum Directorate said Wednesday.The offshore…

Upland Relinquishes Moray Firth License

Apr 08, 2020

London-listed oil company Upland Resources has, with partners, relinquished an offshore license in the UK sector of the North Sea.Upland said Wednesday that it had relinquished Licence P2470 in the Inner Moray Firth. The license included blocks 11/23…

Nova Module Set for Gjøa Platform Installation, Neptune Energy Says

Apr 08, 2020

Oil and gas firm Neptune Energy has announced the load out of the 740-tonne topside module for the Nova brownfield project in the Norwegian North Sea.The module was lifted onto a barge at the Rosenberg Worley yard in Stavanger and will be transferred to the world's largest crane vessel…

Pertamina Buys NWS Condensate at 'Deep Discount'

Apr 08, 2020

Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday…

Norway Economic Activity Shrank 14% in March

Apr 08, 2020

Norway's economic activity excluding the offshore oil and gas industry fell 14% as of the end of March compared with the end of February, preliminary data from Statistics Norway showed on Wednesday in a new snapshot look at how the economy is doing…

Allseas' Pioneering Spirit Vessel to Remove Valhall Platforms

Apr 08, 2020

Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal for the removal and…

INEOS Delays Forties Pipeline Shutdown for 2021

Apr 08, 2020

INEOS FPS, operator of the key UK North Sea pipeline system - the Forties - has further delayed the planned shutdown of the pipeline system, citing customer requests.The pipeline system, the largest pipeline system in the UK North Sea - opened…

KrisEnergy Sells Indonesia Block to BP

Apr 08, 2020

Southeast Asia-focused oil and gas companyKrisEnergy Ltd. an upstream oil and gas company, has sold its 30.0% interest in the Andaman II block offshore Indonesia to BP.KrisEnergy said that the previously proposed disposal of the block in the Malacca Strait was completed on Wednesday…

CNOOC to Trim 2020 Spending by Up To 15%

Apr 08, 2020

China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year, the company said in a statement on Wednesday.CNOOC Ltd…

BP Issues Force Majeure Notice for Golar FLNG Unit

Apr 07, 2020

Golar LNG Ltd said on Tuesday that it received a force majeure notice from a BP Plc unit seeking to delay taking delivery of a floating liquefied natural gas facility by a year.The notice is the latest force majeure claim issued in the LNG sector…

Petrobras in Natator Oil Discovery off Brazil

Apr 07, 2020

-Brazilian oil company Petrobras has found presence of oil at the Natator exploration well in the Campos Basin, offshore Brazil.Petrobras said Thursday that the well, in the Sudoeste de Tartaruga Verde block, was located 130 km from the city of Macaé (RJ)…

Gallery: Giant Crane Vessel Lifts Snorre A Module

Apr 07, 2020

World's largest semi-submersible crane vessel Sleipnir on Saturday picked up a module for Equinor's Snorre A platform from the quayside at Aibel's yard in Haugesund, Norway.The 220-meter long and 102-meter wide vessel Sleipnir recently arrived…

Iran's South Pars Field Tops 700 MCM/Day Output

Apr 07, 2020

Daily gas production at Iran's South Pars field reached more than 700 million cubic meters (mcm) per day in the last Iranian calendar year, the head of the Pars Oil and Gas Company (POGC) said on Sunday, according to the official IRNA news agency…

North Sea FPSO Shut Down Due to Coronavirus Case Aboard

Apr 07, 2020

Production from the Hummingbird Spirit FPSO operating at the Chestnut field in the UK sector of the North Sea has been shut down after a coronavirus case has been confirmed aboard.It was initially understood that there has been one confirmed case…

Exxon Cuts Spending by $10B

Apr 07, 2020

Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by $10 billion as the coronavirus pandemic saps energy demand and oil prices…

Current News

SBM Offshore Inks $400M Refinancing Deal for FPSO Cidade de Paraty

Eni to Invest $26 Billion in North Africa

Libya's Mellitah Ready to Drill

Mozambique Approves Eni's Coral Norte FLNG Plan

Subscribe for OE Digital E‑News