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ABS approves DMSE’s FLNG hull design
American Bureau of Shipping (ABS) has approved Daewoo Shipbuilding & Marine Engineering’s FLNG hull design. Courtesy of ABS ABS issued an approval in principle for the design of a wide breadth,...
View ArticleArcher lands extension for services on seven UK North Sea installations
Oilfield services provider Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services on seven UK North...
View ArticleTechnipFMC Q3 loss narrows
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding...
View ArticleSantos completes final Moomba CCS field trial
Australian energy major, Santos, has completed the final field trial for the Moomba carbon capture and storage (CCS) project. The company said it has injected approximately 100 tonnes of carbon...
View ArticleCNOOC kicks off production from Chinese gas field, sees output increase in 3Q
CNOOC Limited has started production from the Bozhong 19-6 condensate gas field pilot area development project located offshore China. The oil company saw an increase in its production driven by...
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Red numbers for PGS
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. Courtesy: PGS The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on...
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Offshore deepwater oil production one of cheapest sources of new supply as...
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Norwegian energy intelligence firm, Rystad Energy. A comprehensive Rystad Energy...
View ArticleMODEC hires GranEnergia’s flotel for Brazil campaigns
Japan’s FPSO provider MODEC has contracted GranEnergia for the provision of its UMS Venus, a semi-submersible accommodation unit also known as flotel, to support its offshore maintenance campaigns in...
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Santos posts record production volumes, YoY revenue plunges
Australian gas producer and GLNG operator, Santos reported record production in the third quarter of 2020, edging up the sales revenue by 2 per cent. Courtesy of Santos Third-quarter production...
View ArticleEmerson’s technology to digitally transform and support BP’s Caspian Sea project
Emerson has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the...
View ArticleEquinor CFO resigns from his role
Equinor executive vice president and chief financial officer (CFO) Lars Christian Bacher is resigning from his position with effect from 1 November 2020. Bacher will remain employed with the company...
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BW Offshore to liquidate owner of New Zealand FPSO to prevent further losses
FPSO operator BW Offshore has decided to place its subsidiary which owns the FPSO Umoroa in New Zealand in liquidation to avoid further accumulation of losses following the permit operator’s...
View ArticleGasunie rolls out Porthos CO2 offshore pipeline setup tender
Dutch natural gas infrastructure and transportation company Gasunie is seeking a contactor for CO2 offshore pipeline installation from Port of Rotterdam to the riser of the offshore platform as part...
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Biden to steer U.S. off oil to tackle climate change. Trump warns of economic...
United States President Donald Trump and former vice president Joe Biden locked up horns in the final presidential debate over completely different visions on the future of the country’s fossil fuels...
View ArticleEnQuest to add ex-Petronas Carigali CFO to its board
UK oil and gas company EnQuest has decided to appoint Farina Khan as a non-executive director of its board with effect from 1 November 2020. On joining the board, Farina Khan will become a member of...
View ArticleKaroon gets nod from Brazilian regulator to take over Baúna field
Australian player Karoon Gas has received approval from a Brazilian oil and gas regulator to take over the Baúna field, located offshore Brazil, with completion expected at the end of the month....
View ArticleEquinor gains drilling permit for Barents Sea well
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the Barents Sea off Norway. The NPD said on Friday that the well 7018/5-1 would be drilled from...
View ArticleHermitage drops pursuit of NYSE listing appeal
Offshore support vessel provider Hermitage Offshore Services has decided to withdraw its appeal of the New York Stock Exchange’s (NYSE) determination to delist the company’s common shares. Hermitage...
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Turkey could work with foreign firms to develop Sakarya gas field
Turkey stated that there is a possibility that it would cooperate with foreign companies to develop its massive discovery in the Black Sea. According to an article by Reuters, Turkish Energy Minister...
View ArticleGreen light to Lundin for North Sea well
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Lundin Energy Norway for a well located in the North Sea offshore Norway. The well 16/4-12 will be drilled from the West...
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