Energy News

 

Talos Says Its Gulf of Mexico Acreage Unaffected by Trump's Order

Sep 09, 2020

Gulf of Mexico operator Talos Energy has clarified that its business will in no way be affected by President Trump's executive order extending moratorium on oil and gas operations in certain areas of the Gulf of Mexico and the Atlantic.The U…

Canada's Husky Energy to 'Review' West White Rose Offshore Project. "Difficult decision," CEO Says

Sep 09, 2020

Canadian oil and gas company Husky Energy said Wednesday it would put under 'a review' its West White Rose offshore oil project in Canada's Atlantic region, citing delays due to the suspension of all works on the project earlier this year due to the global pandemic…

Tullow Posts $1.3B Loss. Looks at 'Various Refinancing Alternatives'

Sep 09, 2020

Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil.Tullow, with a market cap of $361 million as of Tuesday and $3 billion in debt…

SRO Solutions Upgrades IBM Maximo for FPSO Player MODEC

Sep 09, 2020

UK-based tech company SRO Solutions has recently completed what it says is a 'major digitization project' for the Japanese FPSO provider MODEC in Ghana where the company has two FPSOs deployed.'The project, part of a series of high value digitization…

Taiwan: MHI Vestas to Source More Offshore Wind Turbine Goods Locally

Sep 09, 2020

Offshore wind turbine maker MHI Vestas has further expanded its list of local suppliers in Taiwan for delivery of components for turbines to be built for the country's growing offshore wind market.The wind turbine company said Wednesday it would…

JERA, J-Power, Equinor in Offshore Wind Pact in Japan

Sep 09, 2020

Norwegian energy giant Equinor has entered into a consortium with Japanese power companies JERA and J-Power to jointly evaluate and work towards submitting a bid for offshore wind power projects in Akita Prefecture off Noshiro City, Mitane Town…

ExxonMobil Hits Its 18th Oil Discovery Offshore Guyana

Sep 08, 2020

U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana. The news of the discovery was shared Tuesday by both Exxon, and Hess, Exxon's partner in the prolific Stabroek Block,  This is the U.S. oil major's…

PGS Completes Seismic Survey Offshore Angola. Fast-Track Data in Q4

Sep 08, 2020

Norwegian seismic data acquisition firm PGS has completed a large seismic survey offshore Angola using the 2008-built Ramform Sovereign vessel.The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia…

GC Rieber to Transfer Fleet Management Business to OSM

Sep 08, 2020

Norwegian offshore vessel owner and manager GC Rieber Shipping has signed an agreement to transfer its fleet management services business to OSM Maritime Group, and become a pure shipowner.Under the agreement, GC Rieber Shipping will transfer all technical…

Petrobras: Excellent Productivity, High CO2 Levels at Jupiter DST

Sep 08, 2020

Brazil's Petrobras has completed the Drill Stem Test (DST) in the area of the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt, reporting excellent well productivity, but high CO2 content.The Jupiter area belongs to the BM-S-24 concession…

Big Projects Will Be Needed to Fill Up North West Shelf's Spare Capacity, Woodmac Says

Sep 08, 2020

Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…

Merkel Doesn't Rule Out Sanctions on Nord Stream 2 Pipeline

Sep 08, 2020

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.Merkel…

Ørsted Hires Solstad Offshore Vessel for Offshore Wind Farm Work in Taiwan

Sep 07, 2020

Norwegian offshore vessel operator Solstad Offshore has won its second offshore wind contract in Taiwan in less than a month.Following an offshore wind contract award with an unnamed firm in Taiwan for its construction support vessel Normand Baltic…

VIDEO: World's Largest Semi-Submersible Crane Vessel Wraps its First Offshore Wind Gig

Sep 07, 2020

Dutch offshore installation contractor Heerema Marine Contractors has installed the first jacket of TenneT's Hollandse Kust (Zuid) offshore wind farm substation in the Dutch North Sea.Using its giant Sleipnir semi-submersible crane vessel, Heerema…

Australia: Pilot Energy Eyes 1.1GW Offshore Wind Farm at Oil and Gas Block Site

Sep 07, 2020

Australian oil and gas company Pilot Energy, with a stake in an offshore oil and gas block in the Northern Perth Basin, is now pursuing the development of an offshore wind farm in that same block.Pilot Energy said Friday it was starting a detailed…

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