Offshore Engineer Industry News News - page 611

 

Big Oil's Credit Risk Increased after Dutch Court Ruling, Investor Pressure

May 28, 2021

Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.Chevron also lost…

Odfjell Drilling, BP, Baker Hughes in Pact to Boost Clair Ridge Output

May 28, 2021

Oil major BP, oilfield services firm Baker Hughes, and offshore drilling contractor Odfjell Drilling, have struck a deal together to transform platform drilling and completions activity at the BP-operated Clair oil field, offshore the UK.Located 75km west of the Shetland Islands…

Brunei: Zell Transportation Extends Icon Kayra Charter

May 28, 2021

Bursa Malaysia-listed offshore vessel owner Icon Offshore has secured a contract extension for its vessel Icon Kayra with Zell Transportation.The fixed contract portion for the offshore services vessel is for 17.5 months. ZT will have further options yearly extension options for four years…

Maersk Supply Service Orders Wärtsilä Battery for Maersk Minder AHTS Vessel

May 28, 2021

Danish offshore support vessel owner Maersk Supply Service has ordered a battery pack for one of its M-class vessels, the Anchor Handling Tug Supply vessel Maersk Minder, as part of its plan to reduce the company's carbon intensity by 50% across its fleet in 2030…

PHOTO: Heerema's Giant Vessels Set to Remove TAQA's Giant North Sea Platform

May 28, 2021

Oil and gas company TAQA said Friday it had started its first major asset removal project and one of the largest topside removal projects of its kind in the North Sea, with the removal of the Brae Bravo platform.The Brae Bravo platform, first commissioned in 1988…

Fred. Olsen Windcarrier Brings in $151M in Offshore Wind Contracts

May 28, 2021

Offshore wind installation company Fred. Olsen Windcarrier (FOWIC) said Friday it had over the previous two months signed three new turbine transport and installation contracts with a combined value of up to 124 million euros ($151 million)…

Wood to Conduct Pre-FEED for Irish Floating Wind Project

May 27, 2021

Early-stage floating wind farm developer Simply Blue Energy has hired engineering firm Wood for pre-FEED work related to its proposed Western Star floating offshore wind farm, to be located off the west coast of Ireland.Simply Blue Energy plans…

Report: Japan's JX Nippon Eyes $1.5B UK North Sea Fields Sale

May 27, 2021

Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, five banking sources [told Reuters this week].The sale is the latest…

Norway and Germany Open NordLink Power Cable

May 27, 2021

Germany and Norway officially opened NordLink on Thursday, a direct power cable between the two countries that will provide Europe's largest economy with green energy at a time it is phasing out polluting coal power.Norway's electricity production…

Maersk Drilling Sells Yme Field-tied Offshore Rig for $373M

May 27, 2021

Danish offshore drilling company Maersk Drilling has struck a deal to sell the drilling and production unit Mærsk Inspirer, on contract with Repsol at Yme offshore field in Norway, to Havila Sirius for $373 million.As part of the deal, Repsol will…

Headwinds: Offshore Wind will Take Years to Carry Factory Jobs to U.S.

May 27, 2021

When U.S. President Joe Biden’s administration approved the country’s first major offshore wind farm this month, it billed the move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs.Industry executives and analysts do not contest that claim…

Archer to Provide P&A Services to Wintershall Noordzee for Up to 42 Wells

May 27, 2021

Wintershall Noordzee, a Dutch joint venture between Gazprom and Wintershall Dea has awarded Archer Oiltools the contract for a plugging and abandonment campaign for the 2021/22 period and for up to 42 offshore wells.Oil services company Archer will provide is Perforate…

Equinor Acquires Base for Polish Offshore Wind Projects

May 27, 2021

Norwegian energy company Equinor has acquired a site at the port of Łeba in northern Poland, to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. This, according to Equinor, makes the company…

LNG Demand in Asia to Slow Down Next Year

May 27, 2021

Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…

Exxon Loses Board Seats to Activist Hedge Fund in Landmark Climate Vote

May 27, 2021

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…

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