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Offshore Energy

Norway's Labour Calls for Debate on Oil Tax Regime

© thierry / Adobe Stock

Norway should review its generous tax regime on oil drilling because of climate change, the opposition Labour party said on Monday, three weeks before a parliamentary election which opinion polls suggest it is on course to win.   Labour's Marianne Marthinsen, a member of parliament's Finance Committee,

MAN’s Subsea Compressors Reach Field Proven Status

Photo: MAN Diesel & Turbo

 Both subsea compression trains at Statoil’s Åsgard field have achieved more than 25,000 operation hours with an availability close to 100 percent.    The world’s first subsea gas compression facility features two MAN Diesel & Turbo HOFIM motor-compressor units.   The Åsgard subsea compression system

Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1

Photo: Damen Shiprepair Rotterdam

On the August  18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years.   The Petrojarl 1 has been operated by Teekay for 28 years in the North Sea and is now destined for the Atlanta Field in Brazil.

Latest Gulf of Mexico Auction Signals Offshore Return

© Mike Mareen / Adobe Stock

Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum.   This compared with $18 million in high bids at the Bureau of Ocean Energy Management's

Transocean to Buy Songa Offshore

(File photo: Songa Offshore)

About 77 pct of Songa shareholders have so far accepted deal.   Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 bln), the two companies said on Tuesday.   The deal, which would be mostly paid for in shares and convertible bonds,

Ocean Power Technologies Establishes Houston Presence

(Photo: Ocean Power Technologies)

New Jersey based Ocean Power Technologies, Inc. (OPT) said it has established a presence in Houston to more effectively support the company’s oil and gas business development activities.   The company’s daily business development activities in Houston will be managed by OPT’s new Director of Global Applications,

Bumi Armada Bags Additional Contract from Lukoil

Photo:  Bumi Armada Berhad

 Bumi Armada Bhd’s wholly-owned unit, Bumi Armada Caspian LLC, has signed a supplementary agreement worth RM576 million (USD 134 million) with Lukoil-Nizhnevolzhskneft LLC (Lukoil) for an additional engineering, procurement, construction and installation (EPCI) scope of work in Russia.    Back in December 2013,

Buchan Alpha Arrives in Shetland for Decommissioning

Photo: Repsol Sinopec Resources UK Limited

 The Buchan Alpha oil production vessel has arrived safely in Lerwick, Shetland for disposal.     A semi-submersible moored floating production vessel, weighing 12,000 tonnes, Buchan Alpha was built in 1973 as a drilling rig and converted for production purposes in Stornoway between 1978-80.     The

US Drillers Add Oil Rigs for Second Week in Three

© Aania / Adobe Stock

U.S. energy companies added oil rigs for a second time in the last three weeks, extending a 15-month drilling recovery, but the pace of additions has slowed in recent months as firms cut spending plans in reaction to declining crude prices.   Drillers added 3 oil rigs in the week to Aug. 11 bringing the total count up to 768,

Petrobras Expects $17 Bln Investment, $8 Bln Divestitures this Year

Brazil's state-controlled Petróleo Brasileiro SA has targeted spending $17 billion in investments and selling $8 billion worth of assets this year, a presentation by the oil company published on Friday said.   The presentation explaining second-quarter results also said Petrobras will refinance as

Undersea Technology: A Strategic Rhode Island Advantage

Molly Donohue Magee

 In 1869, the U.S. Navy’s first research facility—the Naval Torpedo Station—was built on Newport, Rhode Island’s Goat Island. This rich history continues today, as the state is home to the Naval Undersea Warfare Center, which provides the technical foundation to ensure the U.S. Navy’s undersea superiority.

Odfjell Drilling Signs Contract with Aker BP

Image: Odfjell Drilling

 Odfjell Drilling signed a contract with Aker BP ASA for Deepsea Stavanger (6th generation semi-submersible) for a period of approximately 9 months with commencement in February 2018 and completion around October 2018.   The contract is for exploration and development drilling at various locations in the Norwegian Sea and the Barents Sea.

Husky Energy Pact for Canadian Offshore Project

Photo: Husky Energy Inc.

 NC-Lavalin, Dragados Canada and Pennecon announced that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador.  The GP will build a concrete gravity structure (CGS) for a fixed drilling platform.

M2 Subsea Partners up with Harvey Gulf

Harvey Bronco (Image: Harvey Gulf)

Remotely operated vehicle (ROV) services provider M2 Subsea said it has formed an alliance with vessel operator Harvey Gulf Marine International to provide subsea ROV services in the Gulf of Mexico.   The alliance will see M2 Subsea’s ROVs utilized on board Harvey Gulf’s DP2 survey support vessel, the Harvey Bronco.

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