Offshore Energy News

 

New Jersey Board Okays Offshore Wind Funding

Dec 19, 2018

The New Jersey Board of Public Utilities (NJBPU) approved the adoption of a funding mechanism for the state’s offshore wind programme, which targets 3.5 GW by 2030.NJBPU  unanimously voted to adopt a proposed rule establishing the funding mechanism for the state’s offshore wind program…

Offshore Outlook Appears 'Strong', Say Analysts

Dec 19, 2018

The outlook for offshore oilfield service contractors is strong as more than 100 new projects are aiming for 2019 sanctions, according to Rystad Energy, a Norway-based energy research and consulting firm.An expected $210 billion will be spent on offshore oilfield services globally next year…

EDF, Shell Form JV for New Jersey Offshore Wind

Dec 19, 2018

The independent power producer EDF Renewables North America and  Shell New Energies US,  offshore wind company in the U.S,  have formed a 50/50 joint venture, Atlantic Shores Offshore Wind to develop a lease area within the New Jersey Wind Energy Area (WEA)…

OMV Joins ADNOC for Ghasha Gas Project

Dec 19, 2018

Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…

Schlumberger Bags Equinor Contract for Subsea Boosting System

Dec 19, 2018

Norwegian oil and gas firm Equinor has awarded an engineering, procurement and construction (EPC) contract to OneSubsea, a Schlumberger company.The contract is for the supply of the industry’s first all-electric actuated subsea boosting system for the Vigdis Field in the Norwegian North Sea…

2018: 'Record Year' for UK Offshore Wind

Dec 19, 2018

According to RenewableUK, more than 2GW of new offshore wind capacity has been installed off the Great British coast in the last twelve months - a record breaking volume for the UK.Eight new offshore windfarms were officially opened during the year…

Engie, EDPR, Sumitomo Pact to Build French Offshore Wind Farms

Dec 19, 2018

French utility Engie and Spanish partner EDP Renovaveis (EDPR) announced their alliance with the Japanese group Sumitomo Corporation to build the French offshore wind farms of Dieppe-Le Tréport and Yeu-Noirmoutier.As part of the alliance, Sumitomo Corporation acquires a 29…

Scott Gutterman to Join Beacon Offshore Energy as Chairman and CEO

Dec 19, 2018

Beacon Offshore Energy, wholly owned by funds managed by Blackstone Energy Partners, an affiliate of Blackstone, announced that Scott Gutterman has joined Beacon as its Chairman and Chief Executive Officer.In addition, industry veterans Paul…

CNOOC in Cooperation Pact with Nine Oil Majors

Dec 19, 2018

China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation, and Total.According to the agreements…

SHI Delivers Johan Sverdrup Offshore Platform On Schedule

Dec 19, 2018

South Korean shipbuilder Samsung Heavy Industries (SHI) has successfully completed the processing platform (P1) for Johan Sverdrup Field development and delivered it to Equinor according to the scheduled delivery date stated in the original contract…

Ocean Installer Clinches Johan Castberg Deal

Dec 18, 2018

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea…

DNO Buys More Faroe Shares

Dec 18, 2018

Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said on Tuesday.The purchase, at just below the 152 pence per share price it has offered in a takeover bid for Faroe, adds slightly to DNO's stake…

Indonesia Approves Eni’s Merakes Project

Dec 18, 2018

Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1…

Subsea 7 Wins Shearwater Deal from Shell

Dec 18, 2018

Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea…

Aker Solutions Bags BP’s Clair South Project

Dec 17, 2018

The  global engineering company based in Oslo Aker Solutions announced that it will provide engineering services for BP’s Clair South project in the UK North Sea.The pre-FEED (Front End Engineering and Design) contract, which was awarded in September…

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