Wednesday, December 12, 2018

Seaway Offshore Cables Wins First Cabling Job in US Offshore

Image: Seaway Offshore Cables

Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12MW Coastal Virginia Offshore Wind (CVOW) projects in the US."SOC in combination with Subsea 7, has been awarded its first US offshore wind project by Ørsted Wind Power North America who are constructing the project for Dominion Energy. This turnkey cable supply and cable installation contract for CVOW Project marks the continued success of a global renewables strategy for Subsea 7 in the US…

Mexico President's Pemex Plans Rattle Debt-holders

Mexican President Andres Manuel Lopez Obrador (Mexican Government photo)

Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive.Ratings agencies and three managers spoken to by Reuters at funds that either hold Pemex paper or recently sold it said proposals floated by the government…

Hornsea One Export Cable Installation Completed

Tideway's new cable and installation vessel Living Stone, one of more than 35 vessels involved in the installation. (Photo: Ørsted)

The installation of export cables at the world's largest offshore wind farm, Hornsea One in the North Sea off the coast of England, has been completed several months ahead of schedule, Danish operator Ørsted announced Tuesday.With offshore export cables totaling 467km, plus an onshore cable route of 38km connecting each of the three strings to the national grid, it is the longest AC offshore wind export cable system ever to have been installed.

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping…

DeltaTek Appoints Johnstone

Chris Johnstone (Photo: DeltaTek)

Well construction specialist, DeltaTek Global, has announced the  appointment of Chris Johnstone as Operations Supervisor.Johnstone will focus on managing well site operations offshore and helping to design and develop new technologies, and he will also be responsible for implementing an equipment maintenance system and subsequent procedures.Prior to his appointment, Johnstone was a wellsite drilling engineer / performance coach at EnQuest.

Tractebel Acquires Deutsche Offshore Consult

Image: Tractebel

Belgium-based Tractebel Engie has, through its subsidiary Lahmeyer International, acquired Deutsche Offshore Consult GmbH (DOC) to strengthen its position in the offshore wind sector.German outfit DOC has staff covering all aspects of the offshore wind development process, including engineers, geographers and logistics experts, Tractebel said.Just a few weeks ago Tractebel has successful takenover Overdick…

Verus Petroleum Mulls 12-Fold Production Growth

Alan Curran. Photo: Verus Petroleum

Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent acquisitions on the UK Continental Shelf.A press release from the petroleum exploration and production services provider said that it  has recently completed three significant acquisitions; an interest in the Babbage gas field acquired from Premier Oil on 6th December…

BW Offshore Recycling FSO Belokamenka

FSO Belokamenka. Photo: BW Offshore

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.The Oslo-listed company said in a press release that the FSO Belokamenka  is an Ultra Large Crude Carrier (ULCC) of 360,700 deadweight-ton capacity built in Japan in 1980.The vessel is 340.5 meters long, 65 meters wide and has a depth of 31.5 meters.

Eni Makes New Oil Find Offshore Angola

(Photo: Eni)

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06, approximately 120 kilometers off the coast, 50 kilometers southwest from the Olombendo floating production…

Hess, Conoco Raise 2019 Production Outlook

(Photo: Hess)

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil companies to increase returns on tight spending at a time when they are also looking beyond the Permian Basin, which is getting crowded and costly.Hess said the lion's share of its 2019 capital expenditure will go towards exploration in Guyana and Bakken.

Eni Starts Production at Vandumbu Field

(Photo: SBM Offshore)

Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO).Block 15/06 is located approximately 350 kilometers northwest of Luanda and 130 kilometers west of Soyo, Angola.Eni said first oil from the Vandumbu field was achieved in late November, three months ahead of schedule.This, along with the early December startup of a subsea multiphase boosting system (SMBS)…

Petronet Seeks Long-term Deal to Buy US LNG

© Anatoly Kolodey / Adobe Stock

Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes to diversify its supply sources beyond the Middle East.As part of any deal, the firm could potentially take a stake in a U.S. liquefied natural gas (LNG) project, said Petronet's managing director, Prabhat Singh."The U.S.

UKCS Still Worth Investment Despite Brexit -Equinor

(Photo: Jamie Baikie / Equinor)

Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's plans to leave the European Union, a senior executive told Reuters.British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on the Brexit deal, thrusting U.K.'s divorce from the EU into chaos, with possible options including a disorderly Brexit with no deal."We are putting more investments into the U.K.

Egypt Okays BP, Mubadala Acquisition of Stake in Eni's Noor Concession

Image: ENI

Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni.In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary, IEOC, now holds a 40 percent interest.

Swissco Sells Vessels to Allianz Middle East

Image: Swissco Holdings

Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.UAE's Allianz Middle East Ship Management has signed a deal to buy most of the OSV fleet of Swissco, said a stock exchange annoucement from the restructuring vessel-owner."The Vessels are being sold on an “as-iswhere-is” basis.

Sound Energy Starts Drilling Well in Eastern Morocco

Image: Sound Energy

Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in the Company's Greater Tendrara permit and is located approximately 25 kilometres to the northeast of the recently awarded Tendrara production concession.The well…

US Oil Drillers Cut Most Rigs Since May 2016

© FerrezFrames / Adobe Stock

U.S. drillers this week cut oil rigs by the most in over two year even as record production has turned the United States into a net oil exporter for the first time in history.Energy companies cut 10 oil rigs in the week to Dec. 7, the biggest weekly decline since May 2016, bringing the total count down to 877, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.More than half the total U.S.

Petrobras Nears Terms Over TAG Pipeline Sale

© Vladimir Gerasimov / Adobe Stock

Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction in July stalled the sale.The sale of TAG, which operates natural gas pipelines in Brazil’s north and northeast, could fetch Petrobras as much as US$7bn, in one of the company’s largest-ever asset sales, three sources familiar with the process said.

Crude Inventory Growth Reverses

© Steven Frame / Adobe Stock

U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude inventory build that has been striking fears of a repeat of the 2014/16 oil glut.While EIA data include only U.S. inventory the survey results are considered more reliable…

PGE Seeks Offshore Wind Partners

Image: PGE

Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that it was looking for an experienced partner with knowhow in developing offshore wind farms. The two facilities, the 1,500 MW Baltica 2 and 1,045 MW Baltica 3, will be…

MHI Vestas Confirms Scotland Offshore Wind Order

Image: MHI Vestas

MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth. The order includes a 15-year service agreement, MHI Vestas said. This is the company’s largest ever MW project.Moray Offshore Windfarm (East) Limited…

ADNOC, Inpex in LNG Bunkering Pact

Photo: ADNOC Logistics & Services

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press…

Nordea to Boost Finance for LNG Shipping

© Björn Wylezich / Adobe Stock

Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers said.China's crackdown on pollution and its growing demand for more environmentally friendly sources of power, such as LNG, are boosting demand for ships to transport the fuel."We would like to expand the portfolio and there are certain segments that we would like to expand in.

Guangzhou Launches World's First Icebreaking LNG Tanker

Images by Chinese State Media

The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.With a load capacity of 44,550 tons, the vessel, which is built for for Dynacom of Greece, can sail in the Arctic region without icebreaker-piloting, it said.

Equinor, Faroe Petroleum in Asset Swap

Image: Faroe Petroleum

Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator DNO.It appears that Faroe in fight-back mode after DNO’s so-called ‘opportunistic’ bid.The oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK said in a press note that it has signed a binding agreement with Equinor Energy to swap its interests in the Njord…

Oceaneering Enhances Asset Integrity Capabilities

Oceaneering International, Inc. announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities. The engineering support team is expected to grow to around 30 full time engineers by the end of 2019.Chirag Jayswal has been appointed senior integrity engineering manager. With Oceaneering since 2010, he will transition from his current role within the offshore design center where he led a team of engineers.

Carnarvon Petroleum Secures Noble Tom Prosser Jack-up Drill Rig

Image: Noble Corporation

Australian oil and gas exploration and production company Carnarvon Petroleum has secured a Noble Tom Prosser jack-up drilling rig for two appraisal wells at the Dorado joint venture oil, gas and condensate discovery offshore Western Australia.The energy sector company said in a press release that shallow water depths in this part of the Canning Basin on the North West Shelf mean that the joint venture can utilise a cost-effective jack-up rig for its appraisal wells.

Talos Energy Begins Zama Discovery Appraisal Program

File  Photo: Talos Energy

Talos Energy  has spudded its Zama-2 appraisal well, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The Zama discovery, which is located in Block 7 in the Sureste Basin, is planned to be developed with an investment of $325m.The oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico said that the first well…

Prelude FLNG to Start Producing at End-2018

(Photo: Shell)

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.Prelude - which will process natural…

Equinor to Start Talks With Tanzania Over LNG project

(Photo: Paul Joynson-Hicks/AP/Equinor)

Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, Equinor, a majority state-owned energy company formerly known as Statoil, said."Equinor will now proceed with our partner ExxonMobil with negotiations for a host govern

Murphy Oil Closes Gulf of Mexico JV

Murphy Oil Corporation announced  that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint venture with Petrobras America (PAI)…

Siemens Gamesa Firms Belgian Offshore Wind Project

Image: Siemens Gamesa

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) received the order for the 487 MW SeaMade offshore wind power project in Belgium from customer Seamade NV.The wind turbines and services provider said that it includes supply and commissioning of 58 units of the SG 8.0-167 DD offshore wind turbine and a 17-year Service agreement. The project consists of the two combined sites: Seastar…

ExxonMobil Makes Discovery Off Guyana

© somartin / Adobe Stock

U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage, production and offloading (FPSO) vessels producing more than 750,000 barrels of oil per day by 2025.The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels…

Exxon Expects 25 pct More Oil from Guyana's Offshore Block

Photo: Exxon Mobil

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain 25 percent more recoverable oil than previously estimated, the companies said on Monday.Exxon and Hess Corp said more than 5 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The companies…

Wind Beats Solar in Danish Green Energy Auction

© Jezper / Adobe Stock

Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders, favoring project developers that submit the lowest bids.Denmark, which hopes to end green subsidies altogether before 2030…

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Image: Ørsted

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby, Lincolnshire, the building will represent a state-of-the-art operations and maintenance hub to support both the construction and operation of Ørsted’s offshore wind farms…

E.on Officially Opens Rampion Offshore Wind Farm

Image: E.ON SE

The 400-MW Rampion offshore wind farm off the Sussex coast in the UK has been officially opened, said German energy company E.on SE. The offshore wind farm now generating enough green electricity for around 350,000 UK homes setting a new power record in the country.Three years of construction officially came to an end on Saturday (November 29) at a ribbon cutting ceremony for the Rampion offshore wind farm…

Mitsubishi Corporation Part-divests in Moray East Offshore Wind Project

Map: Mitsubishi Corporation

Japan's largest trading company  Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL).Diamond Green is an intermediate holding company wholly owned by Diamond Generating Europe, which itself is a wholly owned subsidiary of MC based in the UK.

New Jersey Board of Public Utilities Backs Offshore Wind

Image: Orsted

The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW of offshore wind by 2030 and reaching 100% of renewable energy by 2050.The Offshore Wind Supply Chain Networking Event at Princeton University’s Andlinger Center for Energy and Environment provided information about the state’s plans for offshore wind, supply chain opportunities…

Eni in Talks to Grow Presence in the Gulf

Italian major Eni is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said.The international oil company has a limited presence in the Middle East, where some of the world's biggest oil and gas reserves lie, producing more than half its output in Africa."Eni is in talks with Oman for various opportunities…

KNOT Offshore CEO/CFO John Costain Steps Down

Image: KNOT Offshore Partners

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership."Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019," said a press release from the publicly-traded master limited partnership, which , operates and acquires shuttle tankers under…

MHI Vestas Hires US Offshore Vet

Photo: MHI Vestas Offshore Wind

MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new market entry experience and a passion for offshore wind in the United States, becomes the company’s first official hire in the US market.On joining MHI Vestas, Folsom said, “I have been watching with great interest how MHI Vestas has approached the US market.

Orsted Plots $30 Bln Green Energy Investment

(Photo: Orsted)

Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future "renewable majors" leading a global transition from fossil fuels to green energy.While renewable energy technology is now able to compete with traditional power sources, the industry remains vulnerable to changing political winds as governments around the world scramble on how to address climate change.Orsted…

Van Oord Contracts Tekmar Borssele 2 Offshore Wind Project

Image: Van Oord cable-laying vessel Nexus installing cables with Tekmar cable protection systems.

The subsea cables and engineering services provider Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm.According to a press release from the offshore wind cable protection systems company, Borssele 2 consisting of 77 turbines and a total of 731.5 MW…

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Image: Aquaterra Energy

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer and install two non-identical Sea Swift conductor-supported offshore platforms in the Niger Delta Basin.The provider of offshore engineering solutions and technical…

Østensjø Rederi Bags New Contracts

Photos:  Øyvind Sætre/Østensjø Rederi

Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for Edda Fauna up to the commencement of vessel’s firm contract with DeepOcean.The Norwegian offshore vessel…

Husky SeaRose FPSO Ops Suspended

Operations at the SeaRose floating production, storage and offloading (FPSO) vessel are suspended, with all production wells secure, after an oil release, according to information released by Husky EnergyOperations will remain suspended until a full inspection of all facilities is completed and Husky has received the support and approval of the Canada-Newfoundland Offshore Petroleum Board (C-NLOPB).Production was shut in at the White Rose field Thursday…

First Steel Cut for Karish and Tanin FPSO

(Image: Energean)

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020, ahead of first production in the first quarter of 2021.The FPSO, which will be installed 90 kilometers offshore, will be the first FPSO to operate in the Eastern Mediterranean.

Pemex Crude Oil Output, Exports Fall

Mexican national oil company Pemex's crude output dipped to 1.76 million barrels per day (bpd) in October, down more than 7 percent compared with the same month last year, according to company data released on Monday.October crude output marked one of the lowest monthly production levels since 1990, when publicly accessible records begin.Crude exports also fell in October to reach 1.03 million bpd…

Ecopetrol Sets 2019 Investment at $3.5 billion

Photo: Ecopetrol

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an ambitious plan to boost production and explore for more oil to replenish dwindling reserves. The company has said it will drill 700 wells and double the number of rigs in operation this year.Ecopetrol expects output next year at between 720…

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Image: Ørsted

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).Three months ago, Ørsted signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world’s largest offshore wind farm when commissioned in 2020.As part of the agreement…

Boskalis Inks Pact with Saudi Aramco

Image: Boskalis

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell."The LTA is part of an ambitious offshore investment program and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco's Offshore Maintain Potential Program…

Fred. Olsen Windcarrier Installs 400th Wind Turbine

Image: Fred. Olsen Windcarrier

Denmark-based offshore wind farms service provider Fred. Olsen Windcarrier has marked a milestone in offshore wind turbine installation as it installed the 400th unit.The turbine has been installed at Vattenfall’s Horns Rev 3 offshore wind farm in Denmark using the jack-up vessel Brave Tern.Horns Rev 3 will consist of a total of 49 V164-8.3 MW turbines from MHI Vestas Offshore Wind and will supply…

Google to Tap the Power of Offshore Wind

Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in the Nordic region which is known for its abundant renewable energy.Google said it would match the new centre's use of energy made from fossil fuels with green energy generated through so-called power purchase agreements (PPAs).The Nordic countries…

CNPC Replacing Total in South Pars Gas Project

China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday."China's CNPC has officially replaced Total in phase 11 of South Pars but it has not started work practically. Talks need to be held with CNPC ... about when it will start operations," Zanganeh told ICANA…

Norway Eyes Offshore Wind to Power Gas Plant

© Byron Moore / Adobe Stock

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm, is called Havsul 1 and was fully licensed by Norwegian energy regulators in 2009 before being abandoned in…

Montha-1 Exploration Well Disappoints KrisEnergy

Map: KrisEnergy

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand.The Singapore-based said in a stock exchange annoucement that Montha-1, which was drilled by the Mist jack-up rig, reached a total depth of 10…

DEME Launches Orion

Pic: DEME

Belgian offshore vessel owner DEME has launched its next generation, giant new offshore installation vessel ‘Orion’ in a ceremony at the COSCO Qidong shipyard in China. ‘Orion’ will feature an unrivalled combination of exceptionally high transport and load capacity, impressive lifting heights and green technology.The launching marks a major milestone in the construction of this next generation vessel, which is progressing at the COSCO shipyard according to schedule.

Big Oil Digs North Sea's 'Final Frontier'

Clair Ridge (Photo: BP)

"Little hope of THIS rock ever producing oil," BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea.That same rock is today the heart of BP's prized Clair field in the West of Shetland region, which this week started its second phase of production.The giant bridge-linked Clair Ridge platforms are among the projects that have given new life to this area of the North Sea…

Lundin to Drill Barents Sea Well

Image: Falkland Islands Government

Europe's independent oil and gas exploration and production company Lundin Norway will drill and test a new exploration well in the Barents Sea, following approval by the Norwegian Petroleum Safety Authority (PSA)."Lundin is the operator for production licence 767. We have now given the company consent for exploration drilling and testing of well 7121/1-2 S," said a statement from the Norwegian governmental supervisory authority.The well is in the Barents Sea, in the centre of Troms I, approx.