Offshore drilling contractor Island Drilling has been awarded a contract with OMV in Norway. Island Innovator rig; Source: Island Drilling According to Island Drilling’s statement on Thursday, the contract is for one well in License 644, close to Aasgaard Field in the North Sea. In addition, a separate agreement has been signed with OMV, which […] Read more
In this digital era, many people have changed how they buy stuff. Before they go on a purchase a particular product or service, the first thing they do is hop online and research about the seller. They check reviews to see what other people are saying about that company, and it’s rating. With these two, […] Read more
A court in Bangladesh has ruled that the import, beaching, and shipbreaking of the North Sea Producer FPSO in Bangladesh is illegal, the NGO Shipbreaking Platform has said. A Google map showing what appears to be the North Sea Producer FPSO beached at the shipbreaking yard in Bangladesh / Check the map here: http://bit.ly/2QEdofn The […] Read more
UK Prime Minister Boris Johnson has pledged to increase the UK’s 2030 offshore wind target from the current 30GW to 40GW if his Conservative party wins the general election. UK’s current target to have 30GW of connected offshore wind capacity by 2030 was set with the launch of a new joint government-industry Offshore Wind Sector […] Read more
Australian oil and gas company Woodside has completed subsurface studies on the Scarborough gas field, resulting in a resource volume increase of 52 percent. Scarborough upstream concept schematic / Image source: Woodside Woodside said on Friday that the estimated gross contingent resource (2C) dry gas volume for the Scarborough field increased to 11.1 tcf, up […] Read more
The company on Monday said the Moneypenny prospect, drilled in Mississippi Canyon Block 214 in late October 2019, had been unsuccessful. “The well, which was targeting net resources of approximately 9 million barrels of oil equivalent, was designed as an inexpensive exploration tail of the Odd Job development well and cost around $3.5 million,” Kosmos […] Read more
Following a number of delays, Danish authorities have granted a construction permit for the Nord Stream 2 offshore gas pipeline in the Baltic Sea. Nord Stream 2 pipeline seen from above during installation in late December 2018 by Pioneering Spirit in the Gulf of Finland. Source: Nord Stream 2 AG/© Axel Schmidt Nord Stream 2 […] Read more
Mexican industrial group Carso, owned by the billionaire Carlos Slim, has said it has been awarded a contract to build two offshore platforms for the Mexican oil company Pemex. The company said the contract for the engineering, procurement, and construction of two offshore platforms named MALOOB-E and MALOOB-I. The platforms are destined to be deployed […] Read more
Shuttle tanker company AET has named what it says are two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs) – Eagle Blane and Eagle Balder. According to AET, the shuttle tankers are the cleanest of their kind ever built and will emit 40-48% less carbon than equivalent vessels built in 2008. The […] Read more
Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig values under pressure. Illustration purposes only; Source: Pixabay Due to several factors including lack of liquidity (transaction activity), less willingness by investors and banks to finance rig acquisitions, expectations of a prolonged low-dayrate environment, and additional distressed or available supply in the […] Read more
