Energy News

 

At Least One Worker at Pemex Offshore Platform Infected with Coronavirus

Apr 14, 2020

At least one worker at Mexican state oil company Pemex's Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two people with knowledge of the matter told Reuters.At the end of last week…

Chinese Seismic Vessel Returns to Waters off Vietnam Amid Virus 'Distraction' Charges

Apr 14, 2020

A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the coronavirus…

US Underestimates Offshore Oil Methane Emissions -Study

Apr 13, 2020

Offshore oil and gas drilling operations in the U.S. Gulf of Mexico emit far more methane than government estimates suggest, according to a study released on Monday by the University of Michigan.Drilling platforms emit about half a teragram (Tg) of the planet-warming gas each year…

Shell Wins $340M+ in Gumusut Kakap Arbitration

Apr 13, 2020

Shell's Malaysian subsidiary Sabah Shell Petroleum Company has been awarded more than $340 million in an arbitration related to the Gumusut Kakap floating production platform offshore Malaysia.Back in late 2012, Shell signed a contract for construction and lease of the Gumusut Kakap FPS with GKL…

Baker Hughes Taking $1.5 bln Earnings Hit on Drop in Oil Services

Apr 13, 2020

Oilfield services provider Baker Hughes Co said on Monday it will take a $1.5 billion charge to its first-quarter earnings, write down the value of its oilfield business and slash this year's capital spending by 20%.Oil and gas producers have cut 2020 spending by about 30%…

Norway to Announce Oil Output Decision 'Soon'

Apr 13, 2020

Norway, Western Europe's largest oil producer, will announce its decision on whether to slash crude output soon, potentially adding its weight to a global push to shore up prices, the energy minister said on Monday.'The agreement among the OPEC+ producer nations is very positive…

Santos Gets Keraudren Seismic Survey Nod

Apr 13, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved oil company Santos' application for a 3D seismic marine survey in the Bedout Sub-basin in Commonwealth waters off the coast of Western Australia.At its closest point, the…

Singapore Readies 'Floating Hotels' for Workers as Coronavirus Spreads

Apr 13, 2020

Singapore is preparing to house hundreds of foreign workers in accommodation vessels typically used for offshore and marine industry staff as it races to find alternatives to dormitories where the novel coronavirus has been spreading rapidly…

Oil Rises After OPEC+ Agrees Record Output Cut

Apr 13, 2020

Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it won't be enough to head off oversupply with the coronavirus pandemic hammering demand.After four days of wrangling…

OPEC, Russia Approve Biggest-Ever Oil Cut to Support Prices

Apr 13, 2020

OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%…

Equinor Gets OK to Use Troll B Platform Till 2030

Apr 10, 2020

Norwegian oil firm Equinor has received approval to continue using its Troll B platform in the North Sea offshore Norway, for 10 more years.The Norwegian offshore safety body PSA Norway said earlier this week it had given Equinor consent for…

TKF Cables for Kaskasi Offshore Wind Farm

Apr 10, 2020

Dutch cable manufacturer Twentsche Kabel Fabriek (TKF) will deliver 33 kV inner array grid cables for the Kaskasi offshore wind farm project by innogy SE, located in the German North Sea.The contract was awarded to TKF by Seaway7, a Subsea 7 subsidiary…

COVID-19: DEME Charters Flotel to Pre-Quarantine Offshore Workers

Apr 10, 2020

Belgium-based offshore installation and construction company DEME has chartered a hotel ship where it will pre-quarantine its offshore crews ahead of deployment to offshore projects.'To ensure safe crew changes on board dredgers and offshore vessels during the COVID-19 pandemic…

OceanTeam Bags Cable Transportation Contract. Talks Underway for Vessel Charters

Apr 10, 2020

Offshore cable-solutions provider OceanTeam has signed an agreement with an unnamed major cable manufacturer to provide cable transportation capability using a cable transportation and handling barge specially equipped for these tasks.OceanTeam…

Lukoil Pressing Ahead with Caspian Sea Works. Valery Grayfer Field LQ Jacket Launched

Apr 10, 2020

The Russian oil company Lukoil is pressing ahead with the development of the Valery Grayfer field in the Caspian Sea. The company on Friday said it had launched the jacket of the living quarters platform from the yard to the Caspian Sea.The…

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