Offshore
Energy Services Agreement celebrates first year of operation
Offshore Energies UK, a trade body for the UK’s integrating offshore energy industry, celebrated the first anniversary of the ground-breaking Energy Services Agreement (ESA).
The ESA is a collective bargaining agreement that sees the signatory companies commit to …
U.S. offshore wind auction nears $4bln on third day of bidding
WASHINGTON, Feb 25 – The Biden’s administration’s sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over …
Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year
Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve.
The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,”
U.S. judge voids 80 million acres of offshore oil and gas leases
WASHINGTON (Bloomberg) –The sale of offshore oil and gas leases on more than 80 million acres in the Gulf of Mexico was canceled by a U.S. judge who ordered regulators to take a harder look at the impact …
Brazil looking to tap oil at same geologic trend delivering big discoveries in Guyana
Brazil’s state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana.
According to Petrobras …
Argentina moving forward with offshore drilling despite protests
(S&P Global Platts) Argentina plans to push forward on its first new offshore exploration drilling in years despite social protests, a government official said Jan. 6, arguing that the dangers of spills are low, and that oil and …
Maersk Drilling launches Horizon56 to drive offshore digitalization
For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalization of offshore drilling processes. The solution, known as RigFlow, has now been segregated into the digitally focused company …
Guyana relaxes proposed local content terms in oil bill draft
Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out …
Chevron’s Angola subsidiary signs 20-year extension for Block 0
LUANDA – Chevron’s subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC) has just renewed the concession of Block 0, located on Cabinda province’s offshore. The agreement, signed in Houston, United States of America, extends the concession for …
Shell evacuates Prelude floating LNG plant after power outage
(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar …
Shell wins court ruling, to start seismic survey offshore South Africa
(Bloomberg) –A South African court has ruled that Royal Dutch Shell Plc can proceed with a seismic survey offshore the East Coast, after dismissing a legal application by activist groups.
Greenpeace was among organizations that filed an urgent …
Turkey threatens to block Exxon Mobil venture drilling offshore Cyprus
(Bloomberg) –Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of …
Shell scraps plans to develop Cambo North Sea oilfield
LONDON, Dec 2 – Royal Dutch Shell RDSa.L said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain’s development of new oil and …
Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines
OSLO – DNV, the independent energy expert and assurance provider, is working with Wintershall Noordzee (Wintershall) and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be …
Construction starts at America’s first major offshore wind farm
Ground has been broken on a project dubbed the United States’ “first commercial scale offshore wind farm.”
The construction’s kickoff, which took place on Thursday, represents another step forward for America’s fledgling offshore wind sector. Located in waters 15 …
Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round
HOUSTON (Bloomberg) – Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.
The oil explorer faced …
U.S. offshore oil auction begins under court order, shadow of climate deal
Nov 17 – The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the …
Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 …
Shell reports structural damage to West Delta facilities from Hurricane Ida
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has conducted a comprehensive damage assessment of its West Delta-143 (WD-143) offshore facilities from Hurricane Ida that revealed significant structural damage.
Shell estimates that its WD-143 “A” platform …
Transocean lands $252 million contract for new ultra-deepwater drillship
Transocean announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a …
Biden plans September restart of oil leases, per court ruling
WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.
The Interior Department …
Pemex targets restoring oil output lost to platform fire by Aug 30
MEXICO CITY – Mexican state oil firm Petroleos Mexicanos (Pemex) expects to resume by Aug. 30 all oil production shut down by a deadly fire on an offshore platform, the firm’s chief executive said on Tuesday.
Five workers were …
One dead, five missing after Pemex offshore platform fire
MEXICO CITY – At least one person died and five more are missing due to a fire that erupted on an offshore platform run by Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico, the Mexican state oil and …
Oceaneering wins survey contract offshore Guyana
HOUSTON – Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited to provide two surveys offshore Guyana.
The contract award covers a towed and autonomous underwater vehicle (AUV) geophysical survey and a shallow …
Baker Hughes to supply Chevron’s Gorgon facility with subsea compression manifold
HOUSTON – Baker Hughes has been awarded a contract from Chevron Australia Pty Ltd to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) Project.
Driven by Baker Hughes’ Subsea Connect early engagement approach, Baker Hughes will …