Offshore Energy

BOEM, BSEE Find No Significant Impact from OCS Well Stimulation

The Bureau of Ocean Energy Management (BOEM) and Bureau of Safety and Environmental Enforcement (BSEE) today published a joint environmental assessment on the use

Topside-less Solution for Subsea Boosting

Voith and Funglesangs Subsea AS (FSubsea) signed a collaborative agreement to develop hydrodynamic variable speed drives for advanced subsea pump applications.

Seatools Introduces Active Heave Compensation Module

Dutch subsea engineering company Seatools has introduced an intelligent active heave compensation module: HeaveMate, a system for new and existing offshore and subsea equipment such as winches,

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Oil Prices Ease from Seven-Month Highs

Analysts see oil prices in a $40-$50 range; supply disruptions slowly helping to clear oil glut. Oil futures fell below $49 on Friday, moving further away from a seven-month high hit a day earlier,

Maersk Drilling Acquires Newbuild Jackup from Hercules

Maersk Drilling has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig, formerly named Hercules Highlander, from a subsidiary

VOS Sugar First Charter

 The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel

China COSCO Moving to Offshore Winds

 China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided

World’s Biggest LNG Buyer Becomes Seller

 EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Seacat Services Secures Burbo Bank Charter Deal

DONG Energy has awarded  offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank

Apply Emtunga Selects Roxtec for North Sea Projects

In the Arendal Yard in Gothenburg, Sweden, Apply Emtunga is building the offshore accommodation modules to the oil rig projects Martin Linge and ETAP. As the living

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

Prosafe Appoints Interim Chairman of the Board

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down

Three Wells for the Price of One

Old and partly lost slots that were given up as providers of new production triggered new solutions for Snorre B. The result was three wells with an average price of NOK 170 million ($20.

Norwegian Oil Spend to Shrink Further in 2017

Investment in Norway's oil and gas sector, a cornerstone of the country's economy, will continue to fall next year as weak crude prices curb oil firms' spending,

Cartel or Talking Shop? OPEC awaits Saudi Edict

Poorer members still hope for a quick price bounce, but OPEC likely to roll over policy with no output target. For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC,

Aquino: China Breaks South China Sea Deal

Philippine President Benigno Aquino on Thursday accused China of breaking a U.S.-brokered deal between the two nations on the Scarborough Shoal, an uninhabited rocky outcrop in the South China Sea.

Bibby Wins Apache North Sea Contract

Bibby Offshore, a subsea services provider to the oil and gas industry, has announced a contract win with Apache North Sea Ltd to provide subsea construction, ROV

Poland Getting Ready for More LNG Imports

 State-run Polish gas company PGNiG will receive its first spot delivery of liquefied natural gas (LNG) from Norway’s Statoil on June 25, it said on Tuesday, taking

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