Offshore

Pacific Drilling to emerge from bankruptcy by year-end

Pacific Drilling to emerge from bankruptcy by year-end

Offshore Energy

Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization by the U.S. court.

Pacific Drilling filed for Chapter 11 bankruptcy to eliminate $1.1 billion …

December 23, 2020 - 12:06 pm Offshore, Oilfield Services
Total CEO Patrick Pouyanne says The North Sea could be switched from a depleting oil and gas basin to a site for storing CO2

Total CEO Patrick Pouyanne says The North Sea could be switched from a depleting oil and gas basin to a site for storing CO2

Reuters

The North Sea could be switched from a depleting oil and gas basin to a site for storing COunder the seabed, Total CEO Patrick Pouyanne said Dec. 15.

The French oil firm is one of the partners …

December 15, 2020 - 8:09 am International, Offshore
VAALCO Announces Completion of 3-D Seismic Survey Data Acquisition Over Entire Etame Marin Block

VAALCO Announces Completion of 3-D Seismic Survey Data Acquisition Over Entire Etame Marin Block

HOUSTON, Dec. 07, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ( …

Source: Reuters

Italy’s Eni joins North Sea wind power grab with Dogger deal

Reuters


OSLO/MILAN – Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Norway’s Equinor and Britain’s SSE as it seeks to gain expertise in the sector and cut its greenhouse gas emissions 80% by …

December 4, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Offshore, Renewable Energy, Wind
Source: Reuters

Trump administration encourages offshore drilling in final energy push

Reuters


NEW YORK – The U.S. Bureau of Safety and Environment Enforcement, which overseas offshore oil and gas production, said it will consider lower royalty payments for producers that invest in projects to enable existing platforms to reach their full …

Source: Reuters

Houston company to build first U.S. vessel to support offshore wind boom

Reuters


WASHINGTON  – A Houston-based company said on Thursday it will build the first U.S. flagged vessel to install offshore wind projects off the east coast of the United States in preparation for an expected construction boom in the nascent …

Diamond S Shipping Inc. Comments on an Incident Involving One of Its Vessels

Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S” or the “Company&…

December 1, 2020 - 6:37 am Offshore, Press Releases
Source: Sentinel Midstream

Sentinel Midstream’s “Texas GulfLink” Deepwater Port Achieves Major Milestone

Sentinel Midstream’s “Texas GulfLink” Deepwater Port Achieves Major Milestone P…

November 30, 2020 - 4:39 am LNG, Midstream, Natural Gas News, Offshore, Press Releases
Norwegian strikes could escalate further

Norwegian strikes could escalate further

argus

Industrial action could result in the closure of more Norwegian oil and gas fields, with Norway’s security personnel union to strike at heliports used for transport to offshore platforms from midnight tonight.

Security guards will begin strike action at …

November 27, 2020 - 10:00 am Closing Bell Story‎, International, Jobs, Offshore, Popular 3
Source: Reuters

Final U.S. offshore oil auction under Trump will test industry demand

Reuters


The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has …

November 18, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August – part storm -mostly lack of demand

The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August – part storm -mostly lack of demand

EIA

In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%. Production of crude oil in the GOM …

November 18, 2020 - 8:11 am EIA News That Matters, Offshore
Petrobras to shed 50 pct stake in Marlim cluster – Will help balance sheet

Petrobras to shed 50 pct stake in Marlim cluster – Will help balance sheet

offshore-energy

Brazilian oil major Petrobras has launched an opportunity disclosure stage (teaser) for the sale of its 50 per cent in offshore oil fields known as the Marlim Cluster in the Campos Basin, offshore Brazil.

Petrobras said it was looking …

November 17, 2020 - 4:53 am Mergers, Acquisitions & Divestitures, Offshore
SBM Offshore Third Quarter Trading Update

SBM Offshore Third Quarter Trading Update

November 12, 2020 Highlights 2020 Directional 1 EBITDA guidance incre…

November 12, 2020 - 5:22 am Earnings, Finance, Offshore, Press Releases
Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Wildcat drilling at it’s best – Gas discovery southwest of the Skarv field in the Norwegian Sea

Norwegian Petroleum Directorate

11/11/2020 ConocoPhillips Skandinavia AS, operator of production licence 1009, has concluded the drilling of wildcat well 6507/4-1.

The well was drilled about 27 kilometres southwest of the Skarv field in the central part of the Norwegian Sea …

Genesis Energy expects up to $50 million in losses due to storms – normally only $8 to $10 million

Genesis Energy expects up to $50 million in losses due to storms – normally only $8 to $10 million

BIC

Genesis Energy LP said it expects to lose as much as $50 million this year due to a battery of storms that hit the U.S. Gulf of Mexico and forced lengthy offshore oil and gas production shut-ins, Chief Executive …

November 6, 2020 - 9:34 am Downstream, Offshore, Pipeline News
McDermott Announces Second Shipment of MODEC FPSO Modules

McDermott Announces Second Shipment of MODEC FPSO Modules

McDermott Announces Second Shipment of MODEC FPSO Modules PR Newswire HOUST…

November 5, 2020 - 6:14 am Offshore, Oilfield Services, Press Releases
Gazprom obtains record-high gas inflow on Kara Sea shelf –

Gazprom obtains record-high gas inflow on Kara Sea shelf –

360 Feed Wire

Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels.…

Leasing, offshore development ban would hurt Gulf Coast most

Leasing, offshore development ban would hurt Gulf Coast most

BIC

The Texas Oil and Gas Association (TXOGA), LMOGA and API have released an analysis that warns of negative consequences from a proposed ban on federal leasing on natural gas and oil development on public lands and waters. The offshore …

Shell reassures workers amid concerns about Covid day rate pay

Shell reassures workers amid concerns about Covid day rate pay

Energy Voice

Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.

Shell has moved to reassure offshore workers that they will receive their …

November 2, 2020 - 5:00 am Crude Oil News, International, Jobs, Offshore

Oceaneering Reports Third Quarter 2020 Results

Oceaneering Reports Third Quarter 2020 Results PR Newswire HOUSTON, Oct. 28…

October 29, 2020 - 3:53 am Earnings, Finance, Offshore, Press Releases
Touchstone Announces Operational Update and Spudding of Cascadura Deep-1

Touchstone Announces Operational Update and Spudding of Cascadura Deep-1

Touchstone Announces Operational Update and Spudding of Cascadura Deep-1 Canada…

Source: CNBC

Oil rises towards $41 on U.S. Gulf shutdowns, outlook weak

CNBC


Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.

Companies including BP, Chevron and …

October 27, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

U.S. offshore energy producers brace for Hurricane Zeta impact

Reuters


HOUSTON – Energy firms and ports along the U.S. Gulf Coast were bracing on Tuesday for another test as Hurricane Zeta, the 11th hurricane of the season, entered the Gulf of Mexico.

BP BP.L, Chevron CVX.N and Equinor …

West Mira (Photo: Seadrill)

Drilling starts on the Nova Field in Norway – Offshore drilling still moving forward

wintershal dea

Oil & Gas 360 Publisher’s Note: The offshore drilling and production action is encouraging to see continuing through this tough world wide downturn. 

Wintershall Dea has begun drilling the first of six wells on the operated Nova field

The Dayang Topaz vessel; Source: Malaysian Maritime Enforcement Agency

One dead after offshore support vessel hits oil platform off Malaysia – 124 later rescued

OffShore

 A crew member from an offshore support vessel died after the vessel collided with an oil platform offshore Sarawak, Malaysia.

Malaysian Maritime Enforcement Agency (MMEA) head, Mohamad Zubil Mat Som, said in a statement on Tuesday that the …

October 27, 2020 - 4:34 am International, Offshore, Today's News
Source: Reuters

U.S. offshore oil workers flee as storm Zeta heads toward Gulf of Mexico rigs

Reuters


HOUSTON – Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.

BP, …

October 26, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Chevron bets on Middle East gas riches and reconciliation

Reuters


HOUSTON/LONDON – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.

CEO Michael Wirth’s pivot away …

Fatih drillship; Source: TPAO

Turkey could work with foreign firms to develop Sakarya gas field

Offshore Energy

Turkey stated that there is a possibility that it would cooperate with foreign companies to develop its massive discovery in the Black Sea.

According to an article by Reuters, Turkish Energy Minister Fatih Donmez stated that the …

October 23, 2020 - 11:00 am Exploration and Production (E&P), International, Offshore
Equinor gains drilling permit for Barents Sea well

Equinor gains drilling permit for Barents Sea well

Offshore-Energy

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the Barents Sea off Norway.

The NPD said on Friday that the well 7018/5-1 would be drilled from the West Hercules drilling rig …

Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply

Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply

Rystad Energy

A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% over the last two years, and 35% since …

October 23, 2020 - 4:16 am Crude Oil News, International, Offshore