Offshore

Pictured is Oil and Gas Health and Safety Manager Trevor Stapleton.
CR0007179
Pic by Chris Sumner
Taken 20/3/19

Rise in category B cases offshore attributed to Aberdeen Covid-19 outbreak

EnergyVoice


An offshore safety boss has blamed a local outbreak in Aberdeen for a rise in the number of North Sea workers that have come into contact with people showing symptoms of Covid-19.

Trevor Stapleton, health and safety director at …

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia.
Simon Dawson | Bloomberg | Getty Images

Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

CNBC

 

Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global economy at large as the world continues to battle

Fieldwood Energy LLC Commences Voluntary Chapter 11 Process

Fieldwood Energy LLC Commences Voluntary Chapter 11 Process

HOUSTON , Aug. 4, 2020 /PRNewswire/ — Fieldwood Energy LLC and certain affiliates (…

Weatherford remotely installs liner hanger on russian offshore platform during COVID-19 lockdown – Tech that can save lives

Weatherford remotely installs liner hanger on russian offshore platform during COVID-19 lockdown – Tech that can save lives

Oil&Gas


Remote training and monitoring procedures enable successful installation using a restricted crew

Weatherford International plc (OTC Pink: WFTLF) announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin …

August 3, 2020 - 6:00 am Crude Oil News, International, Offshore, Tech Corner, Technology

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces 10-Day Extension of Forbearance Agreement with the Lenders to its $132.9 Million Term Loan Facility

HAMILTON, Bermuda, Aug. 03, 2020 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd. (NYSE…

August 3, 2020 - 5:05 am Borrowing Base, Energy News, Finance, Offshore, Press Releases
Apache Corporation announces major oil discovery in Block 58 offshore Suriname at  Kwaskwasi-1

Apache Corporation announces major oil discovery in Block 58 offshore Suriname at Kwaskwasi-1

Apache Corp


PUBLISHER’S NOTE: CONGRATULATIONS! Apache Corp (APA) will be participating on  1 x 1 investor meetings, register at The Oil & Gas Conference this coming August 17-19, 2020. 1 x 1 investor meetings are OPEN.

APACHE CORPORATION ANNOUNCES MAJOR
Oceaneering Reports Second Quarter 2020 Results

Oceaneering Reports Second Quarter 2020 Results

HOUSTON , July 29, 2020 /PRNewswire/ — Oceaneering International, Inc. (“Oceaneering”) (…

July 29, 2020 - 7:03 pm Earnings, Finance, Offshore, Press Releases
Turkey to suspend oil and gas research in EastMed

Turkey to suspend oil and gas research in EastMed

ekathimerini


Oil & Gas 360 Publishers Note: We have been following the disputes over the international waters, and have an article coming out in The Oil & Gas Conference Magazine regarding the issues.

Turkey will suspend research for oil and …

Noble Energy’s buyout: what it means for Cyprus’ gas

Noble Energy’s buyout: what it means for Cyprus’ gas

Cyprus Mail


Oil & Gas 360 Publishers Note: This is part a larger issue going on in the Mediterranean. There are many countries trying to jockey for the lowest cost, and long term, acquisition of natural gas. This is causing

Chevron’s Noble Energy takeover bets on gas future

Chevron’s Noble Energy takeover bets on gas future

Kallanish Energy


Chevron’s recently announced Noble Energy takeover bets on future natural gas demand and more geographic diversity, Kallanish Energy learns from GlobalData.

According to senior O&G analyst Adrian Lara, the $13 billion deal (including debt) signals “the optimal future …

Source: Helix Energy

Helix Reports Second Quarter 2020 Results

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported net income 1 of $5.5 milli…

July 22, 2020 - 9:58 pm Offshore, Oilfield Services, Press Releases
Oil tanker off Yemen risks spilling four times as much oil as 1989 Exxon Valdez disaster, UN says

Oil tanker off Yemen risks spilling four times as much oil as 1989 Exxon Valdez disaster, UN says

Reuters


Oil & Gas 360 Publishers Note: This is very sad for the people of Yemen to have this accident waiting to happen. We hope that the oil can be extracted prior to the break up of the tanker. 

The …

during Aida Cruise - Highlights am Polarkreis (2017-06-25 - 2017-07-12) at Kiel, Kiel, Schleswig-Holstein, Germany on 2017-06-25, Photo: Sven Mandel

Norwegian firm OKEA acquires stake in Equinor’s Aurora gas discovery

Offshore


Norwegian oil firm OKEA has signed a sale and purchase agreement (SPA) with Equinor to acquire the latter’s 40% operated working interest (WI) in two licences offshore Norway.

The acquisition of interests in production licences PL195 and PL195 B …

Trident Energy wraps up buy of ten offshore fields from Petrobras

Trident Energy wraps up buy of ten offshore fields from Petrobras

OffShore


Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras.

Trident said on Thursday that the ten concessions in question were initially developed by Petrobras in the 1980s.

Namely, …

After the Bushfires and Amid the Pandemic, Australia’s Fossil Fuel Industry Is Gaining Steam

After the Bushfires and Amid the Pandemic, Australia’s Fossil Fuel Industry Is Gaining Steam

Jacobin


Oil & Gas Publishers Note: There are some key takeaways from this article from Zacharlas Szumer in Australia. The country was devastated by wildfires, then Covid, and now on to recovery. They are undergoing a typical “push-me-pullu” (Spelling from

Crews install one of two turbines for Dominion Energy's Coastal Virginia Offshore Wind project off the coast of Virginia Beach, Va. Dominion Energy plans to invest billions in offshore wind as it pivots away from natural gas pipelines and slashes greenhouse gas emissions.
Source: Dominion Energy Inc.

Dominion points to ESG as key factor in decision to off-load gas assets

S&P Global


Oil & Gas 360 Publishers Note: We have been seeing that ESG is being tied to capital, investor confidence, and public opinion. We also see that if you do not have a well articulated ESG program you (as

Minesto to Complete Vestmannasund Installation During Upcoming Tidal Windows

Minesto to Complete Vestmannasund Installation During Upcoming Tidal Windows

STOCKHOLM , July 3, 2020 /PRNewswire/ —  Onshore and offshore installation work has…

Hornbeck Offshore Announces Reorganization Plan Approved By Court

Hornbeck Offshore Announces Reorganization Plan Approved By Court

COVINGTON, La.June 26, 2020 /PRNewswire/ — Hornbeck Offshore Services, Inc. (OTC Pink Marketplace: HOSSQ) (the “Company”) announced that the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization (the “Plan”) was approved by Judge David R. Jones of the

Shell begins staff evacuation at Bonga field over COVID-19

Shell begins staff evacuation at Bonga field over COVID-19

EnergyMix


Nigeria’s oil production is facing risk as rising number of coronavirus cases among workers at offshore oil fields and platforms in the country is a growing concern with disruption to output.

Maintenance at the offshore Bonga oil field has …

June 25, 2020 - 2:30 pm Crude Oil News, International, Offshore
Source: Reuters

With contracts canceled and debts mounting, offshore oil drillers face another shakeout

Reuters


DENVER/OSLO – The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to …

Williams Announces Deepwater Tieback Agreement at Devils Tower

Williams (NYSE: WMB) announced today that it has reached a tieback agreement with LLOG Exploration Offshore, L.L.C. (LLOG) to provide offshore natural gas and oil gathering and production handling services for the Taggart development at Williams’ Devils Tower Spar, which …

June 17, 2020 - 6:00 am Offshore, Press Releases
Premier Oil renegotiates deal to buy BP North Sea assets

Premier Oil renegotiates deal to buy BP North Sea assets

Energy Voice


Premier Oil has renegotiated its deal to buy a series of North Sea assets from BP and ended a dispute with its largest creditor.

The firm struck a deal with BP in January to buy the Andrew Area …

Source: Reuters

U.S. oil companies monitor Gulf of Mexico storm

Reuters


HOUSTON – U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.

Royal Dutch Shell Plc (RDSa.L), BP Plc …

GALLERY: Giant Sleipnir vessel wraps up decommissioning campaign for ConocoPhillips

GALLERY: Giant Sleipnir vessel wraps up decommissioning campaign for ConocoPhillips

Offshore Energy


Earlier this month, Heerema Marine Contractors’ giant semi-submersible crane vessel (SSCV) Sleipnir completed its first decommissioning campaign of the season.

It was a unique project, as Heerema’s Champion installed the same modules for ConocoPhillips at the Greater Ekofisk …

May 20, 2020 - 5:52 am Exploration and Production (E&P), Offshore
OFS stocks lost half their value since 2020 began

OFS stocks lost half their value since 2020 began

Oil&Gas


The best performers among services companies were in the EPCI sector

Oil & Gas 360 publishers note: This is an excellent article by Carla Sertin. She uses information from Rystad, and highlights several key points.  “The result of

Will the Eastern Mediterranean pipeline deal create a regional energy hub?

Will the Eastern Mediterranean pipeline deal create a regional energy hub?

European CEO


Now that Cyprus, Greece and Israel have signed the Eastern Mediterranean pipeline deal, the countries may finally fulfil their ambitions of becoming regional energy hubs – but long-simmering disputes could create blockages

The Eastern Mediterranean is in the …

May 15, 2020 - 11:30 am International, Natural Gas News, Offshore, Pipeline News
Maersk Drilling in new round of layoffs

Maersk Drilling in new round of layoffs

Offshore Energy


Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.

Maersk Drilling said on Thursday that the new wave of layoffs, as well as a revision of …

Source: Reuters

Exclusive: Warburg Pincus explores sale of overseas energy assets – sources

Reuters


LONDON/NEW YORK – Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said.

The U.S. investment firm, which has more than $54 billion …

Source: Forbes

The Oil And Gas Situation: Bleak In The U.S., Surprisingly Positive In Latin America

Forbes


How bad is the situation for the oil and gas industry in the U.S. right now? Let’s take a look at some compelling recent data points:

Update Post Wreck Footage: New heavy-lift crane due to work at giant Scottish wind project ‘collapses’

Update Post Wreck Footage: New heavy-lift crane due to work at giant Scottish wind project ‘collapses’

Offshorewind.biz


The Orion is under construction and owned by COSCO (QIDONG) OFFSHORE CO., LTD. – Video below. Oil & Gas 360 Publishers Note: I am glad no one was killed, but would someone answer the phone in the film?

COSCO …

May 2, 2020 - 8:41 pm International, Offshore, Popular 1, Renewable Energy