Offshore

Hess is “Optimistic” Guyana Government Will Approve Latest Stabroek Block Discovery, Hess CEO

Hess is “Optimistic” Guyana Government Will Approve Latest Stabroek Block Discovery, Hess CEO

Hart Energy

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Hess Corp.’s CEO on Sept. 9 said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project.

The …

September 9, 2020 - 9:29 am Offshore
Trump expected to extend Florida’s offshore drilling ban

Trump expected to extend Florida’s offshore drilling ban

Bloomberg


-President Donald Trump is set to endorse an extended ban on offshore oil development on Florida’s western coast as he courts voters worried that drilling imperils the state’s beaches and tourism-based economy.

At issue is a moratorium on selling …

Europe could see USD35 billion in CCS spending till 2035, with most capacity coming in the UK – Rystad Energy

Europe could see USD35 billion in CCS spending till 2035, with most capacity coming in the UK – Rystad Energy

Rystad Energy


It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in …

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Argus


Oil & Gas 360 Publishers Note: As this is a decommissioned tanker that has been repurposed for storage, and it is an example of a larger problem that is lurking on the horizon. It is not clear how many

Gulf coast recovering from Hurricane Laura

Gulf coast recovering from Hurricane Laura

Argus


Houston, 31 August (Argus) — Motiva began restarting the largest US refinery over the weekend as the western US Gulf coast continued recovery from Hurricane Laura’s destruction.

The company, Saudi Aramco’s US refining subsidiary, reported startup work on 29 …

August 31, 2020 - 11:00 am Crude Oil News, Offshore
Near 70 per cent of U.S. GoM oil output offline in wake of Hurricane Laura

Near 70 per cent of U.S. GoM oil output offline in wake of Hurricane Laura

Offshore Energy


Even though Hurricane Laura has moved from the Gulf of Mexico onto the mainland, almost 70 per cent of U.S. oil production remains shut-in.

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday that it …

August 31, 2020 - 9:00 am Crude Oil News, Offshore
Exclusive 360 Energy Expert Network Video Interview: Remote Medical International – The Covid-19 Remote Energy Workplace Update

Exclusive 360 Energy Expert Network Video Interview: Remote Medical International – The Covid-19 Remote Energy Workplace Update

Remote Medical International - Can you keep your employee's safe from Covid-19 in harsh, remote, areas of the world?

Dr. Ricky Misiaszek and I were able to sit down and cover a huge issue involving remote energy projects and Covid-19.

EIA’s mapping system and data series show energy infrastructure near hurricanes, wildfires

EIA’s mapping system and data series show energy infrastructure near hurricanes, wildfires

EIA


Tropical Storms Marco and Laura are in or approaching the U.S. Gulf Coast region, home to key U.S. energy infrastructure, and several wildfires are affecting large areas of California and Colorado. Both the storms and fires could affect local …

Oil prices climb as two hurricanes shutter U.S. offshore production

Oil prices climb as two hurricanes shutter U.S. offshore production

Bloomberg


Oil edged higher as production was disrupted by two storms approaching the U.S. Gulf Coast.

Futures rose 0.8% in New York. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico …

August 24, 2020 - 8:00 am Crude Oil News, Exploration and Production (E&P), Offshore
UAE mega-merger: Senaat extends offer to combine NPCC and National Marine Dredging

UAE mega-merger: Senaat extends offer to combine NPCC and National Marine Dredging

Oil&Gas


The merger would create a company with integrated 2019 revenue of $2.42 billion

he shareholders of the National Petroleum Construction Company (NPCC) have made an offer to combine the company with the National Marine Dredging Company (NMDC).

Senaat, a …

Source: Houston Chronicle

West Africa needs enabling climate to exploit significant gas potential

Ventures Africa


Oil and Gas Publishers Note: The low cost of kWh to all of the African people regardless of income or country. Some countries and major energy companies are poised to take advantage of the African people. Gaining control

Chevron, Total others slash production, cut assets by $50bn

Chevron, Total others slash production, cut assets by $50bn

EnergyMix


The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and demand.…

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

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