Offshore Activity - page 1016

 

No Impact of COVID-19 on Tidal Project Yet, Minesto Says

Mar 16, 2020

Tidal energy developer Minesto has so far felt no effect of the coronavirus pandemic on the inflow of components for its tidal project in the Faroe Islands, but the company said it was watching the situation closely. “Minesto is closely following…

CNOOC Makes Large Discovery in Bohai Bay

Mar 16, 2020

China's CNOOC Ltd said on Monday that it made a large-sized discovery in Bohai Bay offshore China.Located in the Laizhou Bay in southern Bohai basin, the Kenli 6-1 discovery  is expected to produce around 1,178 barrels of oil per day, the company said in a statement…

Coronavirus Case Forces Equinor to Pause Martin Linge Project

Mar 13, 2020

Norwegian oil company Equinor has halted work at the Martin Linge offshore development project after one of its employees tested positive for the coronavirus earlier this week, the company said on Friday.It was too early to tell whether the Martin Linge field…

Lundin Charters 'Siem Symphony' PSV for Drilling Support in Norway

Mar 13, 2020

Oil and gas company Lundin Norway has chartered the Siem Simphony platform supply vessel from Siem Offshore.The dual-fuelled platform supplier 'Siem Symphony' will support Lundin Norway's 10-well drilling campaign on the NorwegianContinental Shelf…

Oil Prices Set for Biggest Weekly Drop Since 2008

Mar 13, 2020

Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 7% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.Brent crude was up $2.50, or 7.3% on the day…

UK's Step Change in Safety Cancels Events due to Coronavirus

Mar 13, 2020

Step Change in Safety, a UK-based organization promoting safety in the offshore oil and gas industry, has canceled and delayed six events scheduled to happen between mid-March and late-May on coronavirus impact precaution.'At Step Change in Safety…

Air Products' Heat Exchangers for Mozambique LNG Project

Mar 13, 2020

LNG technology company Air Products has won a contract to deliver heat exchangers for the Total-operated LNG development in Mozambique.The Mozambique LNG project, previously operated by Anadarko, will be Mozambique’s first onshore LNG development…

Sapura Installs Hokchi Satellite Platform in Mexico

Mar 13, 2020

Malaysia’s Sapura Energy has completed the installation of a satellite platform topside offshore Mexico, as part of Hokchi Energy's Hokchi field development.In a post on social media on Friday, Sapura Energy said it successfully lifted and set down the Hokchi Satellite Platform topside…

OMV Delays Romanian Offshore Project FID

Mar 13, 2020

Austrian oil and gas group OMV is again postponing an investment decision on its Black Sea exploration project and is now aiming for a decision next year at the earliest, its chief executive said on Friday.The exploration of the Black Sea Neptun…

Japanese Offshore Wind Fans Bank Interest

Mar 13, 2020

Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins. Akita Offshore Wind…

Premier Oil Sees at Least $100M in Capex Cuts

Mar 13, 2020

UK oil producer Premier Oil on Friday said it had identified at least $100 million in potential savings on its 2020 capital spending plans as it and other rivals scramble to adjust to the plunge in global crude prices.Oil prices were set for their worst weekly drop since the 2008 financial crisis…

Equinor Reduces Activity Offshore Norway, Output Not Affected

Mar 13, 2020

Norwegian oil and gas firm Equinor said on Thursday it was reducing activity on the Norwegian continental shelf (NCS) to contain the coronavirus spread, but said output was not affected.'We are cutting non-critical activity, but production goes as normal…

Repsol Employee Tests Positive for Coronavirus

Mar 13, 2020

Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…

Coronavirus Puts a Dent in Bahamas Offshore Drilling Plan

Mar 13, 2020

Bahamas Petroleum has delayed its plans to drill an exploration well offshore The Bahamas, citing the impact of the coronavirus on operations.Previously planned to spud in April 2020, the #Preseverance 1 exploration well is now anticipated to be spud in late May or early June…

Husky Energy Delays Projects, Cuts Upstream Capex by $900M

Mar 13, 2020

Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…

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