Offshore Activity - page 1020

 

Gallery: Giant Crane Vessel Sleipnir 'Arrives Home'

Mar 23, 2020

Sleipnir, the world's largest semi-submersible crane vessel, has arrived in the Port of Rotterdam for the first time since its delivery from Singapore last year.Heerema Marine Contractors, the Netherlands-based offshore installation company…

Aker BP Postpones Offshore Projects Due to Coronavirus

Mar 23, 2020

Norwegian independent oil firm Aker BP will postpone non-sanctioned projects to cut its planned 2020 capital and exploration spending by 20% due to the coronavirus but maintains its production guidance, it said on Monday.Capital spending for this year would be reduced to $1…

EMGS: Senegal/Mauritania Survey Delayed due to COVID-19

Mar 23, 2020

Norwegian marine survey company EMGS has informed that BP has decided to delay a CSEM Survey offshore Senegal and Mauritania.The contract was awarded to EMGS in June 2019 and was supposed to begin in March 2020. This will now not happen.'EMGS…

U.S. Lawmakers ask Interior to Cut Offshore Oil Royalty Rates

Mar 23, 2020

Lawmakers representing U.S. Gulf coast states on Friday asked Interior Secretary David Bernhardt to temporarily cut the royalty rate oil and gas companies must pay on their offshore drilling operations to help the industry weather a market crash…

Shell Cuts Capex, Suspends Share Buyback

Mar 23, 2020

Oil major Shell lowered capital expenditure for 2020 by about $5 billion on Monday and suspended the next tranche of its share buyback plan, as the company tries to weather a hit from the recent oil price crash. The company said it would reduce…

Equinor Delays Offshore Maintenance due to Coronavirus

Mar 20, 2020

Norway's Equinor said on Friday it will delay spring maintenance work at its Arctic liquefied natural gas (LNG) plant and five offshore platforms due to the coronavirus outbreak.Separately, Norway's gas system operator Gassco said annual maintenance…

Oil Facing Prolonged Period of Demand Destruction

Mar 20, 2020

Oil prices rose on Friday as the world's richest nations poured unprecedented aid into the global economy to stop a coronavirus-driven recession and U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia…

Update: Oil and Gas Listed as Important Social Function in Norway

Mar 20, 2020

This article, originally titled 'Norway: Oil Workers Not Critical for Society,' has been amended as the Norwegian government has added some parts of the oil and gas industry to the 'Critical Social Functions' list.OEDigital on Friday morning reported…

Qatar Eases Exit Visa Rules for Oil and Gas Sector

Mar 20, 2020

Qatar has removed exit visa requirements for an additional segment of its foreign labor force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.Qatar in 2018 eliminated exit visas for many foreign migrant workers…

Rockhopper: All Parties Committed to Sea Lion Farm-Out Despite Oil Price Rout

Mar 20, 2020

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…

TenneT: Borselle Beta Topside Ready to Sail Away

Mar 20, 2020

Dutch state-owned grid operator Tennet has said that the topside of the offshore transformer platform for the Borssele III and IV wind area in the Dutch North Sea is ready for the sailaway.Dubbed the offshore power socket, Borssele Beta, will…

Polarcus Loses Another Seismic Contract

Mar 20, 2020

Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…

Bristow Equips Helicopters to Transport COVID-19 Cases

Mar 20, 2020

Offshore helicopter operator Bristow has said it has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft…

China's CNOOC to Load First Cargo of Guyanese Oil Soon

Mar 20, 2020

China's state-controlled oil company CNOOC Ltd is scheduled to load in the coming days its first cargo of crude from Guyana's offshore Liza oil project, the South American country's Director of Energy Mark Bynoe said.CNOOC has a 25% stake in…

UK Oil and Gas Sector Needs Gov't Aid to Survive

Mar 19, 2020

Britain's oil and gas sector needs government help to survive, industry body OGUK said after the oil price crash triggered by the coronavirus and a Saudi-Russian price war threatens its ability to continue producing hydrocarbons in the North Sea…

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