Offshore Engineer Industry News News - page 613


BHP Sells Its Stake in the GoM Neptune Field to EnVen

May 21, 2021

Australia's BHP announced on Friday that it will divest its 35% stake in the Neptune field in the U.S. Gulf of Mexico to Houston-based EnVen Energy Corp. The financial terms of the transaction were not disclosed. BHP has operated the Neptune field for the last 10 years…

Talos Best Positioned to Lead Zama Field Development, CEO Says

May 21, 2021

U.S.-based oil company Talos Energy, working on a unitization agreement for the giant Zama offshore oil discovery in Mexico with the Mexican oil company Pemex, hopes the final solution will see the company lead the development of the field as the operator…

As Iran Eyes End of Oil Export Sanctions, will Former Asia Clients Buy?

May 21, 2021

As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again…

India Still Searching for Missing Offshore Workers Three Days after Barge Sinking

May 21, 2021

India's army and navy deployed ships and aircraft as they searched for 26 people still missing more than three days after a powerful cyclone sank a barge off the country's west coast, killing 49 people on board.Cyclone Tauktae, the most powerful storm to barrel into the west coast in two decades…

Reach Subsea Bags New Contracts for Olympic Delta, Havila Subsea Vessels

May 21, 2021

Olso-listed offshore energy services provider Reach Subsea has secured two call-offs under one of its frame agreements for 2021 execution.The contracts represent around 45 vessel days and will be performed by the Olympic Delta vessel spread…

W&T Offshore Books Valaris Jack-Up Rig for Gulf of Mexico Drilling Project

May 20, 2021

Offshore drilling firm Valaris has secured a contract for one of its jack-up rigs in the U.S. Gulf of Mexico.Valaris, which on April 30, 2021 completed its financial restructuring and emerged from chapter 11, said Wednesday that the jack-up…

European Commission Greenlights €22.5B Polish Scheme to Support Offshore Wind Farms

May 20, 2021

The European Commission has approved a Polish scheme to support offshore wind farms with 22.5 billion euros ($27.42 billion), it said on Thursday.'The measure will help Poland reach its renewable energy targets without unduly distorting competition…

Balmoral's System Prevents Offshore Wind Cable Damage

May 20, 2021

Aberdeen-based Balmoral Comtec has noted recent news on offshore wind cable failures, and has offered a solution for the problem in the form of its integrated cable protection stability system.According to the company, its system offers up to…

The Philippines: Shell to Sell Malampaya Field Stake to Udenna for up to $460M

May 20, 2021

Oil and gas giant Shell has struck a deal to sell its subsidiary Shell Philippines Exploration B.V. (SPEX) to Udenna Corp's subsidiary Malampaya Energy XP.SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field…

RWE Renewables, National Grid Team Up in U.S. Offshore Wind Push

May 20, 2021

German renewable energy giant RWE Renewables and UK-based National Grid, one of the world’s largest publicly listed utilities, on Thursday signed a partnership deal to jointly develop offshore wind projects in the coastal region of the Northeast U…

Calls to Cut Fossil Fuel Spending In Line with with BP's Strategy, CEO Says

May 20, 2021

BP CEO Bernard Looney said on Wednesday that calls for lower investment in oil, gas from an International Energy Agency report the previous day are consistent with the company's strategy. Trillions of dollars will be spent rewriting earth's energy system which sets up business opportunities…

Wintershall DEA Makes Discovery in Norwegian Sea

May 20, 2021

Wintershall DEA Norge, the operator of the production licence 211 in the Norwegian sea has made a gas/condensate and oil discovery at a well located about 12 kilometers north of the Dvalin field, and 270 kilometers north of Kristiansund, Norway…

Woodmac: Energy Transition Creating Uncertainty for $14 Trillion Worth of Oil and Gas Assets

May 20, 2021

Global energy transition is creating uncertainty for an estimated $14 trillion worth of oil and gas assets that have long depended on an indefinite rise in demand to offset risks despite a pandemic boost this year, consultancy Wood Mackenzie said on Thursday…

Bumi Armada, Shapoorji Pallonji JV to Set Up FSRU in Mumbai Harbour

May 19, 2021

Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour.SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…

Horisont Energi, Equinor to Develop Carbon Capture and Storage Project in Norway's Arctic

May 19, 2021

Norwegian carbon tech company Horisont Energi and oil and gas group Equinor are to team up to develop a 100 million tonne carbon capture and storage project in Norway's Arctic.Carbon capture and storage has been cited by governments, energy…

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