Energy News

 

U.S. Gulf of Mexico Oil Output Remains Lower in Wake of Storm

Aug 31, 2020

U.S. Gulf of Mexico crude oil output remained down 70%, or 1.29 million barrels per day, according to data released on Sunday by the Department of Interior, as companies continued to return crews to offshore facilities that were evacuated ahead of Hurricane Laura…

Allseas' Pioneering Spirit Removes Ninian Topsides in Final Decom Gig of 2020

Aug 28, 2020

Allseas' colossal Pioneering Spirit offshore construction - or in this case 'deconstruction - vessel has removed the Ninian Northern platform topsides in the UK North Sea.Located in the North Sea, 160 kilometers northeast of the Shetland Islands…

Akastor Assumes Full Control over DOF Deepwater and Its 5 Vessels

Aug 28, 2020

Norwegian oil services investment firm Akastor will take full ownership of DOF Deepwater, a joint venture with company DOF, as part of the debt restructuring agreement with the JV's lenders.  DOF Deepwater operates five mid-sized AHTS vesselsAs…

Borr Drilling Posts $109,6M 2Q Loss

Aug 28, 2020

Jack-up drilling rig contractor Borr Drilling on Friday reported a $109,6 million net loss for the second quarter of 2020, on revenues of $84 million.For comparison, Borr provided the 1Q 2020 figures, in which it posted a loss of $87 million…

Moray East Offshore Wind Farm: Final Substation Set for Sailaway

Aug 28, 2020

The last of three offshore substations for the Moray East offshore wind farm is set to leave the fabrication yard and sail away to its offshore location in the UK North Sea over the weekend.The 950MW wind farm is being developed by Moray Offshore Windfarm East Ltd (MOWEL)…

Shearwater Geo to Shoot Seismic for Total in Mauritania

Aug 28, 2020

French oil giant Total has hired marine seismic surveyor Shearwater GeoServices for a 3D survey project in Mauritania.The Norway-based seismic acquisition company said Friday that the contract was for a large towed streamer 3D acquisition and Fast Track processing project…

Hurricane Laura: Workers Evacuated from 299 Gulf of Mexico Platforms

Aug 27, 2020

Oil companies in the U.S. Gulf of Mexico had, by Wednesday 11:30 CDT, evacuated workers from 299 oil companies due to a threat from the hurricane Laura, the U.S. offshore safety body BSEE said. According to the BSEE report Wednesday, oil firms…

Fred. Olsen Windcarrier Jack-Up Picks Up More Work in Taiwan

Aug 27, 2020

Offshore wind installation company Fred. Olsen Windcarrier has won a conditional contract for its Brave Tern jack-up, for wind turbine installation work in Taiwan.The conditional contract is with Liwei Wind Power Co. Ltd., a company wholly owned by wpd Group…

Angola Aims to Reverse Oil Output Decline

Aug 27, 2020

Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported.The plans involve…

Polarcus Hired for 3D Survey Project in W. Africa

Aug 27, 2020

Oslo-listed offshore seismic acquisition company Polarcus has won a new contract in Africa.The seismic vessel fleet owner said Thursday that the survey in West Africa under the newly awarded contract would start in October 2020.The XArray marine…

MacGregor Bags 'Largest Single Vessel Order' in Offshore Wind Space

Aug 27, 2020

Deck machinery and equipment company MacGregor, a Cargotec subsidiary, has won what it says is its largest single vessel order.Namely, the vessel owner OHT has ordered a batch of MacGregor equipment for its under-construction offshore wind foundation installation vessel…

McDermott to Provide FEED for Subsea Pipeline in Vietnam

Aug 27, 2020

Offshore engineering, construction, and services provider McDermott has won a contract with Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline at its Sisyphus project. The pipeline will connect a regasification platform…

Norwegian Offshore Drilling Firm Enters Floating Wind Game

Aug 27, 2020

Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space.The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS…

FAR OK with Cairn's Sangomar Stake Sale. Won't Trigger Buy Option

Aug 27, 2020

FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…

CGG Kicks Off Northern North Sea Survey

Aug 27, 2020

CGG, a France-based provider of seismic data for oil and gas exploration and production, has kicked off a new multi-client 3D survey in the Northern North Sea. The survey will provide a second azimuth over CGG’s existing Northern Viking Graben…

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