Friday, July 19, 2019

North Sea News

Van Oord Completes Foundation for EA1

Photo:  Van Oord

Dutch maritime contracting company Van Oord has installed the last jacket foundation for offshore wind farm East Anglia ONE (EA1) and delivered it to client ScottishPower Renewables.Van…

Aker Energy IPO May be in Late 2019 or 2020

Aker Chief Executive Oeyvind Eriksen (Photo: Aker)

Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The compa

Premier Oil Cuts Operating Costs Forecast

Catcher (Photo: Premier Oil)

Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper…

Airborne Oil & Gas Hires New Director

Mark Stokes (Photo: Airborne Oil & Gas)

Manufacturer of thermoplastic composite pipelines (TCP), Airborne Oil & Gas (AOG) announced new operations director Mark Stokes has joined its management team.The appointment is part…

BV Joins the Int'l Windship Association

Photo: Bureau Veritas

The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies…

Hurricane Energy Spuds Lincoln Crestal

Image: Hurricane Energy

UK-based oil exploration and production company Hurricane Energy said it has spudded the second of three wells on the Greater Warwick Area in the UK North Sea.Well 205/26b-B well, or Lincoln Crestal…

DOF Bags 2 Platform Supply Contracts

Image: DOF ASA

Norwegian supply shipping company DOF has been awarded short-term contracts for two of its platform supply vessels (PSVs).Premier UK has hired the 4,135-dwt Skandi Caledonia (built…

U.S. Oil Makes it to Ukraine, a blow to Moscow

© RealPhotoItaly/Adobe Stock

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political…

Offshore Wind Hubs Feasible in the N. Sea

Image: Port of Rotterdam

The international consortium partners of the North Sea Wind Power Hub (NSWPH) has found that the proposed Hub-and-Spoke concept is technically feasible. A gradual roll-out of 10 to…

Buss Acquires SSC Wind

Martin Schulz, Managing Director.  Photo: Buss Offshore Service

Hamburg-based Buss Group has acquired SSC Wind from Wildeshausen with an aim to expand its services in the offshore and onshore wind markets.In future, the company will operate on the…

Aker BP Discovers Oil at Frosk

Image: Norwegian Petroleum Directorate (NPD)

Aker BP ASA, operator of production license 340, has finalized the results after drilling wildcat well 24/9-15 S (Froskelår Nordøst) and appraisal well 24/9-15 A.According to a press…

Petrofac Wins HKZ Offshore Grid Project

Image: Petrofac Wins

TenneT, the Dutch-German transmission grid operator, has awarded the oilfield services provider Petrofac work on the Beta high voltage alternate current (HVAC) substation platform in…

Coralius Completes 1st Bunkering in Rotterdam

Coralius. Photo: Gasum

Finnish integrated gas company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdam, supplying…

Total Cuts 200 Jobs in Denmark

The Tyra West platform in Denmark (Photo: ROUSSEL Marc, Total)

French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.Total, which bought A.P. Moller-Maersk's oil and gas business in 2017…

BP Rig Arrives On Site Despite Protests

(Photo: Greenpeace)

A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change, the activist group said.The 40,000-metric-ton Paul Loyd JNR left Cromarty Firth…

Prysmian Bags Dolwin5 Cabling

Schematic illustration of offshore grid connection project DolWin5. Image: Prysmian

Italian multinational corporation Prysmian Group  has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which…

Offshore wind: One-stop Power Conversion

Optimized drive: Fred Olsen Ocean’s Brave Tern. Image: Handout/Fred Olsen

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance…

Hurricane Achieves First Oil at Lancaster

(Photo: Hurricane Energy)

Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for…

Lower oil prices start to rebalance the market

© zhu difeng / Adobe Stock

Lower oil prices are starting to rebalance the oil market by slowing the rise in U.S. crude output and encouraging Saudi Arabia and its allies to extend production cuts through the end of 2019.U.S.

UKCS Investments On the Rise

Image: Aberdeen & Grampian Chamber of Commerce

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted…