Offshore Energy News - page 74

 

DNO Wraps Up Offshore Decommissioning Project in UK

Jun 05, 2023

Norwegian oil and gas company DNO said Monday that the wellhead platform production facilities had been removed from the Schooner field offshore UK, in what the company said was the last major offshore operation under DNO’s multi-year North Sea decommissioning program…

Saudi Pledges Big Oil Cuts in July as OPEC+ Extends Deal into 2024

Jun 05, 2023

Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.Saudi's energy ministry said the country's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May…

Consortium Proposes 2.5 GW Offshore Wind Farm in Bass Strait, Australia

Jun 02, 2023

A consortium comprising Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure has submitted a feasibility license application for a 2.5 GW offshore wind development off the coast of Victoria, Australia.The area in the Bass Strait off Gippsland…

Equinor Eyes Restart of Statfjord A Offshore Platform Next Week

Jun 02, 2023

Norway's Equinor said on Friday it aims to restart production at the Statfjord A oil and gas platform in the North Sea next week, after it was shut down on May 25 due to a hydrogen sulfide gas leak. 'Production is planned to start again next week…

Orsted and ESB Sign Deal to Develop Irish Offshore Wind

Jun 02, 2023

Denmark's Orsted and Irish utility ESB on Thursday signed an agreement to jointly develop an Irish offshore wind portfolio, the Danish wind energy group said in a statement.Orsted will become a 50% partner in a series of offshore wind development projects off Ireland's coast…

Tower Sections for Vineyard Wind I Offshore Wind Project Arrive in U.S.

Jun 02, 2023

Spanish renewable energy company Iberdrola said this week it was making progress in the construction of Vineyard Wind I, the largest commercial-scale offshore wind farm in the United States, with the receipt of the first shipment of components…

Baron Oil Gets Six-Month Extension for Chuditch PSC Offshore Timor-Leste

Jun 02, 2023

Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…

Suncor to Cut 1,500 Jobs by End of Year - Report

Jun 02, 2023

Canada's second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press…

Trinidad Asks US for Changes to Venezuela Offshore Gas Project License

Jun 02, 2023

Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.The United States…

Aker Solutions, Aker BP Extend Subsea Production Systems Agreement

Jun 02, 2023

Norwegian offshore engineering and construction firm Aker Solutions and its compatriot oil and gas company Aker BP have agreed to extend a frame agreement for the provision of Subsea Production Systems until December 31, 2028. The original agreement…

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Jun 01, 2023

Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8…

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

Jun 01, 2023

Grand Isle LNG is proposing to build an LNG export facility, thirteen miles south of Grand Isle, Louisiana, in Plaquemines Parish, promising significant economic benefits to the region.The proposed deepwater port is a platform-based modular design…

Helix Energy Solutions Wins Major Offshore Decommissioning Deal in U.S. Gulf of Mexico

Jun 01, 2023

U.S.-based offshore service firm Helix Energy Solutions has secured a 39-well decommissioning contract in the U.S. Gulf of Mexico shelf with an unnamed client. The project, awarded to Helix's Louisiana-based subsidiary Helix Alliance, is expected to start in mid-2023…

Petrobras Eyes Global Expansion as Brazil Hopes Fade, Sources Say

Jun 01, 2023

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade…

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Jun 01, 2023

Valeura Energy said Thursday it had signed two key contracts relating to its Jasmine oil field offshore Thailand.Namely, Valeura’s charter of the field’s FPF-003 floating production storage and offloading vessel (“FPSO”), and a contract for…

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