Tuesday, July 25, 2017

Roxtec Bags $1.7 Bln Rampion Wind Farm Deal

Photo: Roxtec

International cable seal manufacturer Roxtec has delivered a sealing solution to support a new £1.3 billion ($1.7 billion) offshore wind farm in the English Channel. Roxtec designed and supplied all cable seals involved in the Rampion Offshore wind farm, located 13km off the coast of Sussex. In April, the topside for the Rampion substation departed Rosyth for the project site and the first of 116 wind turbines began to be installed. A process which will continue throughout 2017.

Aquaterra Signs Investment Deal with EV

Photo: Aquaterra

Aquaterra Energy, a  global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s pledge last year to invest $200 million in North Sea businesses with new technologies and high growth potential. The independent private equity firm confirmed it was seeking to invest between $10 million to $40 million in each company.

Saipem Looks to Novatek Arctic LNG 2 Participation

Italy's Saipem is likely to get a sub-contractor role in a new project to produce liquefied natural gas (LNG) in the Arctic by Russia's Novatek, one of Novatek's partners said. Novatek, Russia's largest non-state LNG producer, is aiming to produce as much LNG as the world's biggest exporter Qatar and is drawing up plans to build a second plant, known as Arctic LNG 2, on the Gydan Peninsula that juts into the Kara Sea. Production is due to start in 2022-2023.

Activists Protest near Oil Rig in Norway's Arctic Sea Area

Environmental activists protested on Friday near an offshore rig contracted by Statoil in the remote Norwegian Arctic, where the firm is looking for oil and gas deposits. The Nordic country wants to open up northern areas for exploration to offset declining production in the south. Oil and gas production is Norway's leading industry, accounting for 20 percent of its economy. From the Greenpeace Arctic Sunrise ship…

Schlumberger to Acquire Majority Stake in Eurasia Drilling

Photo: Eurasia Drilling Company

Russia's Eurasia Drilling Company (EDC) said on Thursday it would sell a 51 percent stake in the company to the oilfield services provider, U.S.-based Schlumberger NV. The agreement is subject to approval by the Federal Antimonopoly Service of Russia (FAS), the company said. Financial terms of the deal were not disclosed since it is subject to approval. The agreement, if approved, would extend a strategic alliance with Schlumberger that dates to 2011, Eurasia added.

Germany: 900 MW of New Offshore Wind in 2017

File Image: Credit CWind

Industry groups want higher long-term expansion targets; say latest auctions prove costs coming down. Germany connected 626 megawatts (MW) of newly built offshore wind capacity to power grids in the first six months of this year and expects to see total installations of 900 MW in the full year, five industry groups said in a joint statement on Thursday. The installed total is now 4,729 MW and if 900 MW were achieved, it would exceed the 818 MW added in 2016.

Subsea Industries Introduces Ecolast Coating

Photo courtesy of Subsea Industries

Subsea Industries has launched Ecolast, the latest member in its range of coating systems. This product is UltraViolet (UV) resistant and preserves its color while at the same time offering the corrosion and abrasion protection. Regular coatings will quickly lose their original color when exposed to the ultraviolet radiation present in sunlight, Subsea Industries said, noting that this is especially problematic when colorfastness is required, as  is the case for offshore wind farms, for example.

Scottish $2.6 Bln Offshore Wind Project Green Lighted

© Joe Gough / Adobe Stock

The developer of a 2 billion pound ($2.6 billion) Scottish offshore wind power project said on Wednesday it had won a two-year court battle with a bird charity over plans for the site. Scottish ministers in 2014 approved plans to build the 450-megawatt Neart na Gaoithe wind farm, off Scotland’s east coast. The project had been held up, however, by a legal challenge from the Royal Society for the Protection of Birds (RSPB), which said it could cause the death of hundreds of native birds.

Mexico Sets Next Deep-water Oil, Gas Tenders

Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions for deep-water oil and gas tenders in the Gulf of Mexico. The so-called 2.4 auctions will offer 30 areas, of which 10 are in the Cordilleras Mexicanas deepwater basin, 10 others in the Salina Basin, nine in the Perdido Fold Belt off the U.S.-Mexico maritime border and one more in the Yucatan platform.

CGG Wins Petrobras Data Processing Contract

CGG said it was awarded a contract from Petrobras to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2,180 km2 in Brazil’s deepwater Santos Basin. This will be the largest node survey ever acquired and processed in the industry. The survey will be acquired by Seabed Geosolutions, CGG’s joint venture with Fugro. The resulting OBN data set will be processed in CGG’s Rio de Janeiro Subsurface Imaging Center.

LiDAR Technology for Wind Measurement

Photo: LiDAR

Wind measurement experts gathered in London claimed that LiDARs have been replacing met masts to become the sole wind measurement tool used for offshore resource assessment and power curve verification purposes. These experts stated that LiDAR technology had over the years fully proven its ability to provide wind measurements as reliably as met masts. They also claimed that LiDARs are faster, easier and much cheaper to deploy, enabling significant development and operational cost reductions.

Nature Group Wins Maersk Oil North Sea Contract

A Nature Group engineer operating one of the company’s Compact Treatment Units (CTU) (Photo: Nature Group)

Oil, gas and maritime waste collection and treatment company Nature Group has secured a five-year contract with Maersk Oil in the Central North Sea. The contract will see the company mobilize offshore slop processing environmental units and operational staff to drilling rigs on contract to Maersk Oil. The work has created 10 jobs for Nature Group, both on- and offshore. The Group’s offshore slops treatment units combine a small footprint with a high treatment capacity…

U.S. Uncompleted Well Backlog Looms over Market

U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according to estimates from the U.S. Energy Information Administration.

Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson. In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells in the future. As a result of these developments, the rig now has firm employment until at least the end of September of 2017 and should Lundin exercise its additional seven one-well options…

SBM Offshore, Repsol Get $247 Mln in Yme Insurance Settlement

Dutch oil industry services group SBM Offshore and Spanish energy firm Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project, SBM said on Monday. SBM said it had reached an agreement in principle with nearly three quarters of the insurers who provided $500 million of primary cover for the Yme project with a final agreement expected to be wrapped up in the coming weeks.

Statoil: Norwegian Arctic Gas Find Disappoints

File Image: an offshore Statoil Installation (CREDIT: Statoil)

Statoil has made a smaller-than-expected gas find in the Barents Sea near its Snoehvit gas field, the company said on Monday. The find at the Blaamann well is estimated to hold up to 3 billion standard cubic metres of recoverable gas. No oil was found. "We were exploring for oil and this is not the result we were hoping for," Jez Averty, Statoil's head for exploration in Norway and Britain, said in the statement. Statoil has a 50-percent stake in the licence, called PL 849.

GE, Maersk Drilling Accelerate Digital Partnership

 The image shows Maersk Drilling’s rig Integrator. Photo Credit: Maersk Drilling

The 'digital revolution' continues in earnest in the maritime and offshore energy sectors, driven by new pilot programs with positive results such as GE (NYSE: GE) and Maersk Drilling, which announced this morning an extension of the scope of their digital partnership following the positive results of a pilot probem, with the bottom line focus of enhancing drilling productivity. During the extended partnership…

Trump Administration Reduces Royalty Rates for GoM Leases

© Mike Mareen / Adobe Stock

The Trump administration on Thursday announced its first offshore oil and gas lease sale, offering 76 million acres (30 million hectares) in the Gulf of Mexico and reduced royalty rates for shallow-water leases to encourage drilling at a time of low oil prices. U.S. Interior Secretary Ryan Zinke said the sale on Aug. 16 would offer leases offshore Texas, Louisiana, Mississippi, Alabama and Florida for exploration and development.

Xodus wins Subsurface Contract with Cairn Oil and Gas in India

Xodus Group CEO, Wim van der Zande

Xodus Group won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in north-west India over the next two years. The first stage of the work will focus on delivering new drilling prospects and an exploration drilling plan, in partnership with Cairn Oil and Gas’ in-house team. Subsequent stages, which will likely commence in 2018, will require…

Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil

Suriname's state oil company Staatsolie said on Thursday it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation. The thirty-year exploration and production agreements involve the areas known as Block 59, to be developed by a consortium consisting of Exxon and Hess, and Block 60, to be developed by Statoil.

Trump Administration Approves Eni Plan to Drill Offshore Alaska

Image of sea ice in the Beaufort Sea, acquired on 3 June 2017 by the Moderate Resolution Imaging Spectroradiometer (MODIS) instrument, on board the Aqua satellite. (Photo: NASA)

Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years. The approval is conditional on Eni getting other state and federal permits, which in past cases are generally granted once BOEM gives the green light. "We know there are vast oil and gas resources under the Beaufort Sea…

Turkish Navy Monitoring Drilling Vessel near Cyprus

Turkey has sent two ships and a submarine to monitor a drilling vessel in the eastern Mediterranean Sea, the military said on Thursday, in a move likely to increase tension with Cyprus after reunification talks failed last week. The drilling work, a contractual obligation between Cyprus and France's Total, comes a week after the collapse of talks to reunify the divided island nation, split between ethnic Greek and Turkish Cypriots.

Bibby Completes Decommissioning Work for Maersk Oil UK

Barry Macleod, UKCS managing director at Bibby Offshore (Photo: Bibby Offshore)

Bibby Offshore, a subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player Maersk Oil UK to provide late life production enhancement and decommissioning support in the North Sea. The contract saw Bibby Offshore’s diving support vessel Bibby Polaris operate at two separate locations, undertaking production system isolations and critical component replacements to facilitate late life production enhancement…

Premier Oil: North Sea Exploration No Longer Attractive

Shares at three-month high after Zama oil discovery. Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico. The company's shares have surged to a three-month high after it found potentially more than a billion barrels of oil in the Mexican Zama field…

Australian Group to Raise Money for Israel Shale Oil Project

Israel's REM Energy partnership issued a prospectus on Wednesday for an offering on the Tel Aviv Stock Exchange to raise 25 million shekels ($7.1 million) to advance the country's largest shale oil project. The partnership, controlled by Northwood Exploration Israel, plans to build a plant in southern Israel to produce oil and electricity from oil shale. Established in 2011, Northwood is owned by Australia's Casella family, owners of Casella Wines.

Premier Oil Discovers Oil off Mexico Coast

Premier Oil Plc said it had discovered oil off the coast of Mexico at its Zama-1 exploration well in Block 7.   Premier, which holds a 25 percent interest in the block, said estimates for the Zama-1 well were in excess of 1 billion barrels, which could extend into a neighbouring block.   The project is jointly owned by Talos Energy, which acts as operator and has a 35 percent stake, and Sierra Oil and Gas which holds the remaining 40 percent.   Reporting by Arathy S Nair 

Drilling in Disputed South China Sea may Resume

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December. The Philippines suspended exploration at the Reed Bank, which it calls Recto Bank, in late 2014, as it pursued international arbitration over territorial disputes. The bank is in waters claimed by China.

Shell Exercises FPSO Turritella Purchase Option

FPSO Turritella (Photo: SBM Offshore)

Shell E&P Offshore Services B.V. will exercise its right under the charter agreement to purchase the floating production storage and offloading vessel (FPSO) Turritella, enabling a Shell affiliate to assume operatorship of the Gulf of Mexico ultra-deepwater Stones development in its entirety. The company selling the FPSO is a joint-venture (JV) owned by SBM Offshore with 55 percent interest, Mitsubishi…

Total to Invest $3.5 Bln over Five Years in Qatari Field

France's Total will invest $3.5 billion over five years in Qatar's offshore Al Shaheen oilfield and expects to keep production running at 300,000 barrels per day in future, French and Qatari executives said on Tuesday. Total's investment commitment was announced while Qatar is embroiled in a political crisis. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt have imposed sanctions on Qatar accusing it of backing terrorism, a charge Doha denies.

Total to Maintain 300,000 bpd Output from Al Shaheen Oilfield

Total CEO Patrick Pouyanne aims to maintain production of 300,000 barrels a day from the Qatari offshore Al Shaheen oilfield for "many years", he said on Tuesday. Pouyanne was speaking at a news conference in the Qatari capital Doha to mark the inauguration of North Oil Company (NOC) as the new operator and developer of Al Shaheen, taking over from Denmark's A.P. Moller-Maersk. Total won a 30 percent stake in Qatar's largest offshore oil field last year.

Statoil Recruitment Plan Targets Skilled Workers

Statoil needs to recruit skilled workers to all disciplines in the coming years. (Photo: Øyvind Hagen)

Statoil said plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on the Norwegian continental shelf up to 2030 and beyond. However, this means that we must continue to attract talented personnel with good qualifications…

Virgina Offshore Wind Project Moves Forward

One of DONG Energy's turbines in the U.K. (Photo: DONG Energy)

An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach. The two companies will now begin refining agreements for engineering, procurement and construction. Dominion Energy remains the sole owner of the project.

Marsol Signs Two-Year OOCEP Contract

Photo: Marsol International

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two years contract with Oman Oil Company Exploration & Production LLC (OOCEP) for the provision and management of the marine and offshore activities related to the tanker loading, via the single point mooring (SPM) offshore marine terminal including maintenance works, vessels, equipment and manpower.

Stena Drilling Extends Inspection Contract with Sparrows

Stena Don (Photo: Stena Group)

Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys, cargo carrying unit (CCU) and non-destructive testing (NDT) inspections as well as rig specific maintenance. As well as an extension to the contract…

OSV Companies Running Out of Options -Study

© corlaffra / Adobe Stock

As oil continues to sell below $50 per barrel, 2017 could be one of the toughest years in decades for Offshore Supply Vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners. The firm’s analysis highlights these companies’ rising debt burdens, making it increasingly unlikely that most of them can maintain solvency. The industry faces grave financial pressure, which is clear from recent bankruptcy filings and distressed mergers.

Statoil Completes Two-well Exploration Drilling Campaign Off Newfoundland

The Seadrill West Aquarius drilling rig. (Photo: Seadrill)

Statoil, along with its partner, Husky Energy, has finalized a two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundland. Both wells were drilled safely and efficiently by the Seadrill West Aquarius in the Flemish Pass Basin, located approximately 500 kilometres east of St. John’s, Newfoundland and Labrador. The two wells, located within tie-back vicinity to Statoil’s 2013 Bay du Nord discovery, did not result in the discovery of hydrocarbons.

Ampelmann Introduces New Personnel Transfer Gangway

Photo: Ampelmann

Ampelmann has launched its latest gangway for personnel transfer: the A-type Enhanced Performace (AEP). Now providing clients with 10 percent greater workability in sea states up to 4m significant wave height; the AEP also has the ability to use smaller vessels to obtain similar performance (compared to current A-type). The AEP features an advanced motion compensation control system with precision controls to enable fast landing and comfortable people transfers.

Vattenfall to Save $356 Mln a Year after Sweden Tax Phase Out

Swedish state-owned power utility Vattenfall will save about 3 billion Swedish crowns ($356 million) a year after the country's nuclear tax has been phased out and will use the savings to extend the life of its reactors, its CEO told Reuters. On July 1, in a long expected move, Sweden started a two-year phasing out of its tax on nuclear power production, which many nuclear energy producers, including Vattenfall , said had created losses and halted investments.

Connecting Tyra Future

(Photo: Hydratight)

Subsea connector specialist Hydratight said it has been awarded a contract to supply the critical tie in components for the 8”, 12” and 26” pipelines within the Maersk Oil Tyra Field. In the initial phase of the redevelopment of the Tyra field, a bypass route needs to be created to enable production flow from other Danish Underground Consortium (DUC) assets. The Hydratight MORGRIP Mechanical Connectors will provide the critical connections between the new bypass and the existing infrastructure.

US to Speed Approval for O&G Exploration on Federal Land

U.S. Interior Secretary Ryan Zinke on Thursday signed an order to hold more lease sales and to speed up approving permits to explore for oil and gas on federal land, a process he said got bogged down under former President Barack Obama. The order is the latest move by the administration of President Donald Trump to make it easier to drill and mine on federal land, which Zinke said is a source of income for the government.

ENI pumps first oil from Ghana's Sankofa field

Italian oil company ENI started oil production from the 45,000 barrel-per-day Sankofa field offshore Ghana on Thursday, company and government officials said. The Sankofa field forms the first phase of the $7.9 billion Offshore Cape Three Points project (OCTP), which is expected to also deliver up to 180 million cubic feet of natural gas per day by the end of next year, more than doubling domestic gas supply.

French Wind Power Sector to Consolidate Further -EDF

France's wind power generation sector will consolidate further, the head EDF's renewables unit Antoine Cahuzac said on Wednesday as the company moves to complete the takeover of wind energy developer Futuren . The renewables subsidiary of the French state-controlled utility has acquired 67.2 percent of Futuren, and will on Thursday launch a public offer for the remaining shares in a deal worth 320 million euros ($363 million).

Indian Renewable Firms Plan $2.5 Bln in Offshore Dollar Bond Issues

© Sergiy Serdyuk / Adobe Stock

Four Indian renewable power producers are planning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lenders, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has yet to publicly announce the borrowing, the sources told Reuters. A source…

Load Cells for Offshore Mooring Project

TSM Molène and TSM Penzer. (Image: Iroise Mer/Straightpoint)

French maritime engineering specialist Iroise Mer used a 50 ton Straightpoint Radiolink plus (RLP) load cell during a refit of a tanker mooring system located 500m off the Corsica coast, recently. Iroise Mer's job was to update the site, comprising four different mooring lines, complete with anchors, chains and concrete deadweights, and all existing components had to be removed and new ones installed.

Yinson Sells FPSO Stake in Ghana

Photo: Yinson Holdings

Malayasia's Yinson Holdings has sold its26 percent stake in its floating production, storage and offloading (FPSO) unit in Ghana to a consortium of Japanese companies, The Star reported. According to the heads of agreement (HoA) with the consortium, the value of the stake in Yinson Production (West Africa) Pte Ltd (YPWA), the company said yesterday, was estimated in the range of $104 million to $117 million.

LUX Assure Appoints Partner in Malaysia

Photo: LUX Assure

Oil and gas technology firm, LUX Assure, has strengthened its presence in Malaysia with the appointment of a regional partner, Borneo Seaoffshore Engineering SDN BHD. Borneo Seaoffshore will support LUX in educating the local market on corrosion management best practice, whilst promoting its CoMic  technology. CoMic is an on-site deployable corrosion inhibitor monitoring kit, which is used to inform…

DONG, CWind Extend Crew Transfer Vessel Contract

Photo: CWind

CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea. CWind, the offshore power focused business of Global Marine Group (GMG), will provide vessels for Operations & Maintenance (O&M) to the 108-turbine West of Duddon Sands site…

Gazprom Neft to Create Joint Venture with Repsol

Russia's oil producer Gazprom Neft said on Monday it would create a joint venture with Spanish energy company Repsol in Russia. Gazprom Neft acquired a 25.02 percent stake with the right to increase it to 50 percent in Evrotek-Yugra, which is owned by Spain's Repsol and holds exploration and production rights to seven license blocks in West Siberia, Gazprom Neft said.     (Reporting by Katya Golubkova; writing by Maria Tsvetkova)

Trelleborg Wins Contract for Johan Sverdrup Oil Field

Statoil Image (Photo courtesy of Trellborg)

Trelleborg’s engineered products operation has announced it has been awarded a contract for the supply of elastomeric bearings to Statoil’s Johan Sverdrup oil field, Norway's largest offshore development in the past three decades. Located on the Utsira Height in the North Sea, 160 kilometers west of Stavanger, the Johan Sverdup oil field will be operated by electrical power generated onshore, significantly reducing offshore emissions of climate gases.

Low Oil Price Hurts Norway's Case for Arctic Exploration

File Image (CREDIT: AdobeStock / (c) Tupungato)

Low oil prices mean drilling for oil and gas in an offshore zone between Russia and Norway will not bring the economic benefits Oslo had predicted, according to a report commissioned by two green groups that are suing the Norwegian state over its plans. The Nordic country wants to open up new areas for exploration in the north of the country to offset declining oil production in the south. Oil production is Norway's leading industry, accounting for 20 percent of its economy.

Petrobras Operations Normal Despite Brazil Strike

Exploration and production, refining and logistics activities at Brazilian state-controlled oil company Petróleo Brasileiro are normal on Friday amid a nationwide strike, executives said. Activity at deep sea platforms operated by Petrobras has suffered no disruptions, while the stoppage had some impact at several refineries, refining director Jorge Celestino said at a news conference.   (Reporting by Marta Nogueira and Alexandra Alper; Writing by Guillermo Parra-Bernal and Luciano Costa)

Subsea 7 Acquires EMAS Chiyoda Subsea Assets

Photo: Subsea 7 S.A.

Subsea 7 S.A. said it has acquires certain businesses of EMAS Chiyoda Subsea (ECS) under a U.S. bankruptcy code Chapter 11 Plan of Reorganization, confirmed by the U.S. Bankruptcy Court for the Southern District of Texas and became effective on June 29, 2017. According to Subsea 7, it will pay less than $100 million in aggregate, including its contribution to the Debtor in Possession credit facility, to acquire the ECS businesses, the Ingleside spoolbase and other assets.

Rosneft Sells 20% Stake in VChNG to Beijing Gas

Russia's largest oil producer Rosneft said on Thursday it had completed a deal to sell 20 percent in its subsidiary Verkhnechyonskneftegaz (VChNG) to Beijing Gas for $1.1 billion. The Kremlin-controlled company also said the deal could allow it to gain access to China's domestic gas market and end-users via swap deals. Rosneft added that it and Beijing Gas were looking into the possibility of cooperating in Russia's Far East and East Siberia in exploration…

BP Takes $750m Hit in Angola Exploration Write-off

BP said on Thursday it will incur a $750 million write off in its second quarter 2017 results over exploration blocks it relinquished in Angola. "As part of the ongoing portfolio evaluation, BP has decided to relinquish its 50 percent interest in Block 24/11 offshore southern Angola. Katambi, a gas discovery made in the block in 2014, has not been determined to be commercial," the London-based company said.

Shell's FLNG Facility Sets Sail for Australia

The Shell FLNG underway (CREDIT: Shell)

Royal Dutch Shell's Prelude floating liquefied natural gas (FLNG) ship has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on Thursday. Shell's $12.6 billion Prelude project is expected to start operating next year, the company said, after long delays since the oil major first decided to go ahead with the project in 2011. Once the facility arrives in Australia…

ESS Completes Beatrice Wind Farm Clearance

Photo: ESS

Ecosse Subsea Systems (ESS) has completed a 14-day seabed clearance project on the Beatrice Offshore Windfarm Ltd project, located approximately 13km off the Caithness coast. ESS deployed its SCAR2 Seabed System from the Siem Ruby vessel on behalf of client Siem Offshore Contractors. Several hundred boulders were removed over a 15km route in water depths of between 38-60 metres, over terrain which was predominantly sand and gravel overlying stiff clay.

China Cash Boosts African FLNG Projects

File Image: A typical FLNG vessel (Credit: Trelleborg)

China aims to become lowest-cost seller of FLNG plants; its shipyards to build floating plants for African projects. China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s. Western banks are wary due to the depressed state of the shipping and gas markets…

Wind Power's Big Bet: Colossal Turbines

File photo: DONG Energy

Wind farm operators are betting on a new generation of colossal turbines, which will dwarf many skyscrapers, as they seek to remain profitable after European countries phase out subsidies that have defined the green industry since the 1990s. The world's three leading offshore wind operators - DONG Energy, EnBW and Vattenfall - all told Reuters they were looking to these megaturbines to help adapt to the upcoming reality with dwindling government handouts.

BP Doubles Down on Deepwater

BP's Thunder Horse platform in the Gulf of Mexico (File photo: BP)

About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. On the deck of Thunder Horse, they work two-week shifts, drink seawater from a desalination plant, and eat ribs and chicken ferried in by boat. On the ocean floor, robots provide remote eyes and arms as drills extract up to 265,000 barrels per day.

Hurricane Dora Forms Off Mexico's Pacific Coast

Image: U.S. National Hurricane Center

Hurricane Dora formed off the western coast of Mexico in the Pacific Ocean on Monday, but it was expected to slow and remain offshore, the U.S. National Hurricane Center (NHC) said. Dora, the first hurricane to form in the Pacific so far this year, was carrying maximum sustained winds of about 80 miles per hour (130 km per hour) as it whirled about 170 miles (275 km) south-southwest of the port of Manzanillo, the center said.