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Harvey Gulf Operates First Carbon Neutral PSV
U.S. offshore vessel owner Harvey Gulf International Marine said it is the first in the world to operate a carbon-neutral platform supply vessel (PSV).The company announced on Monday that one of its tri-fuel vessels has started operating exclusively on battery power and renewable liquefied natural gas (RLNG), with diesel fuel as back up, moving the New Orleans-based firm a step closer to becoming the…
U.S. Judge Annuls Gulf of Mexico Oil Auction Over Climate Impact
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U.S. federal offshore drilling program, which has been a big source of public revenue for decades but also drawn the ire of activists concerned…
U.S. Gulf of Mexico: 'Encouraging Result' at Winterfell-2 Offshore Well
The drilling of Beacon Offshore Energy's Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico has been completed with the well showing encouraging results, Kosmos Energy, a partner in the project said Tuesday.The Winterfell-2 well, where Kosmos' working interest is ~16.4%, was drilled to evaluate the adjacent fault block to the northwest of the original Winterfell…
Baker Hughes Finds US Drillers Add Most O&G Rigs Since April
U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. 14, its highest since April 2020, said Baker Hughes in its weekly report. The total count was up 228, or 61%, over this time last year.U.S. oil rigs rose 11 to 492 this week…
VIDEO: Bluewater's UK-based FPSO Arrives in Norway for Upgrades
Bluewater's Haewene Brim FPSO, normally used for oil production from Shell's Pierce Field in the UK North Sea, has recently arrived in Haugesund, Norway.Norwegian engineering and construction Aibel shared a video of the FPSO arrival in Haugesund, towed by a Maersk Supply Service vessel. In Norway, the Haewene Brim FPSO, built in 1996, will undergo upgrades and life extension work.While at Aibel's yard…
ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource…
Standard Drilling Sells PSV Standard Princess
Oslo-listed offshore energy investment firm Standard Drilling announced it has sold the platform supply vessel Standard Princess for $10.3 million.The Cyprus-headquartered…
Oil Firms Predict Rising Output, But Warn of Higher Costs
U.S. oil and gas executives are predicting higher production and drilling activity next year as oil prices climb, but say they face sharply higher costs, according to a poll released on Wednesday by the Federal Reserve Bank of Dallas.Some 49% of executives surveyed said they aim to expand output next year, while 15% said their main focus would be to maintain existing production levels and 13% plan to focus on reducing debt.
Taylor Energy, U.S. Feds Reach $475M Settlement in Longest-running Offshore Oil Spill
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday.The New Orleans company and federal officials filed a proposed consent decree to resolve claims arising…
Siem Offshore's AHTS to Support Equinor's Drilling Ops
Norwegian offshore vessel owner Siem Offshore has secured a contract with the compatriot oil and gas company Equinor for the Siem Opal anchor handling tug supply vessel.The contract is for a firm six-month period, starting during March/April 2022. Equinor will have extension options.""The scope of work consists of supporting the client’s various rig move activities during drilling campaigns," Siem Offshore said.
Yinson, Enauta Pen LoI for Atlanta Field FPSO
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has been looking to deploy another FPSO at the field for full-field…
Solstad Bags 572-day Charter for Platform Supplier in Australia
Norwegian offshore vessel operator Solstad Offshore has won a contract with Woodside in Australia for the platform supply vessel Normand Tortuga.The vessel will support the activities of the DPS-1 semisubmersible drilling rig on the Enfield P&A and Scarborough projects, starting in late Q1/early Q2 2022.During the period of the contract, the Normand Tortuga will be operating from Dampier, Western Australia.The vessel is on a firm 572-day contract…
Petrobras Books Another Seadrill Drillship for Búzios Drilling
Offshore drilling company Seadrill Limited has secured a contract for the West Jupiter drillship with Brazil's Petrobras for work in the Búzios field offshore Brazil.
Australia's Santos Awards Long-term Charters for Solstad Offshore Vessel Duo
Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts with Santos for two of its offshore vessels in Australia.The AHTS Far Senator and…
Abu Dhabi's Mugharraq Port Recognized as International Port Facility
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region, can now receive international and local vessels including container feeders, bulk and break-bulk carriers, mobile offshore drilling units…
Keppel, Ørsted in Offshore Substation Pact
Singapore's Keppel Offshore & Marine has signed a framework agreement with offshore wind industry giant Ørsted for future offshore substation (OSS) projects."The agreement is part of a strategic initiative to strengthen the long-term partnership of the two companies and streamline processes for future OSS projects. This follows Keppel O&M’s recent completion of its first project for Ørsted in Singapore in September 2021 – two OSS for Taiwan’s Greater Changhua 1 & 2a offshore wind farms…
U.S. Oil Drilling Review Proposes Higher Fees, Development Curbs
The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones.The recommendations followed a months-long review aimed at ensuring drilling on federal lands and waters benefits the public. But in a sign of the extreme controversy surrounding the issue…
U.S. Interior Department Set to Release Federal Oil Leasing Review
The U.S. Interior Department will release a long-awaited report reviewing the environmental costs and economic benefits of the nation's federal oil and gas leasing program as early as Friday, two sources familiar with the matter told Reuters.President Joe Biden's administration launched the review earlier this year in what had been widely seen as a first step in delivering on a campaign promise to end new federal fossil fuel drilling to fight climate change.The report…
Top 10 Ship Owning Nations
VesselsValue's head cargo analyst, Olivia Watkins, has compiled a list of the world's top ship owning nations ranked by total fleet value.ChinaChina has moved up from second in January to firs place this time, owning a total of $191 billion in assets.China owns the largest number of containerships and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value.
ADNOC Weighs IPO of Logistics, Marine Services, and Shipping Unit
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.A deal could follow after testing investor appetite and market conditions…