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Petrobras Will Pay to End Whale Park Dispute
Brazil state-run oil firm Petroleo Brasileiro SA said on Thursday it had concluded a long-running dispute with the country's ANP petroleum regulator, agreeing to pay 3.5 billion reais ($940 million) to end an oil-royalty spat.Dating back to 2014, the dispute over the so-called Whale Park offshore oilfields arose after the ANP decided to unify the J
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South Africa: Has Up to 60 tcf of Offshore Gas Potential
South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast.Last week Total's chief executive said its offshore discovery probably contained 1 billion barrels of total resources…
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Neptune Renews IRM Contract with Sea Mar Shipping
Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune Energy with its IRM campaigns on the Dutch Continental Shelf from March 2019 until 2021…
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Welcon to Build World's First TetraSpar Foundation
Denmark’s Welcon has received the order to produce the first TetraSpar floating offshore foundation for a consortium comprising Shell, Innogy and Stiesdal Offshore Technologies.We are very proud to be involved in this exciting project, which can be a game changer in offshore foundations for wind turbines…
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World’s Largest Offshore Wind Farm Generates First Power
The first turbine of the 1,218-MW Hornsea 1 offshore wind farm in the North Sea, the world’s biggest such facility, has been installed and is now generating power.Matthew Wright, UK managing director of Danish energy group Ørsted A/S, described the installation of the first turbine…
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Equinor Lines Up Floating Wind in S.Korea
Equinor and South Korea's state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind farms in
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Yinson Tallies Layang FPSO Contract
Floating production, storage and offloading unit (FPSO) provider Yinson announced Thursday it has received a letter of award…
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Sentinel Midstream Mulls Offshore Terminal
Dallas-based oil and gas company Sentinel Midstream is planning to develop a deepwater crude oil export terminal, located near Freeport, Texas.
Latest news
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Consortium Buys Veja Mate Offshore Wind
A consortium led by asset manager Commerz Real AG, WPD Invest, KGAL and IKEA franchisee Ingka Group will acquire an 80% stake…
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BOEM Plans Gulf of Mexico Lease Sale in March
The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the…
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Video: FPSO Travels from China to Brazil
Dutch firm Boskalis transported the 90,000-ton FPSO P-67 from Qingdao, China to Rio de Janeiro, Brazil, aboard the semi-submersible…
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Europe Offshore Wind Capacity Up 18% in 2018
Europe installed a total of 2.6 gigawatts (GW) of new offshore wind capacity in 2018, an 18% increase which takes the region…
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Equinor Drills Dry Well in the Barents Sea
Norwegian energy company Equinor has come up dry in the drilling of its first wildcat well in production licence 857 in the…
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Shell, Eni, Exxon Win Concessions in Egypt
Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessi
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Porthos CCUS Project Getting Ready
Port of Rotterdam Authority, Dutch natural gas infrastructure and transportation company Gasunie and Energie Beheer Nederland…
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Offshore Mooring to Reach $1.1B by 2021
The global offshore mooring system market stood at US$0.93 bn in 2014 and is predicted to reach US$1.1 bn by 2021.It is predicted…
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Kvaerner to Study Floating Wind Structures
Norway based Kvaerner said it has signed a contract with Norwegian energy company Equinor to study how floating concrete…
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High-tech Buoy Launched in New York Bight
A high-tech, specialized buoy has been launched to collect useful information for developing wind farms offshore the U.S.
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Giza and Fayoum Gas Fields Come Onstream
BP on Monday announced first gas production from the second stage of its West Nile Delta development offshore Egypt, marking…
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Equinor Launches High-Tech Buoy
Equinor Wind US has announced deployment of a cutting-edge, specialized buoy designed to gather information, an important…
Exploration
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Anadarko, Bharat Petroleum Sign LNG Deal
American petroleum and natural gas exploration and production company Anadarko, on behalf of the Mozambique Area 1 partners…
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US Rig Count Climbs
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude…
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Anadarko Nearing FID for Mozambique LNG
U.S. independent energy producer Anadarko moved closer to a final investment decision (FID) to build a giant liquefied natural…
Drilling
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Norway's Snow Crab Ruling Boosts Oil Claim
A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches in the Arctic…
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Aker Energy Eyes IPO
Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian…
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BHP Approves Funding for BP-led GoM Project
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production…
Production
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Groningen Seaports, Vopak Push Solar Power
The Dutch tank storage company Royal Vopak, Groningen Seaports and Whitehelm Capital announce their intention to jointly…
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US Oil Rallies as Exporters Trim Production
U.S. oil prices rose on Friday, gaining for a fourth day on hopes of further supply cuts by major exporters, despite uncertainty…
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Eni Quarterly Profit Jumps 55%
Italian oil company Eni beat expectations with a 55 percent jump in fourth quarter profit as higher prices, mainly gas, offset…
