OffshoreNews

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Sanctions Force Total to Pause Iranian Offshore Project

By MarEx 2018-05-16 12:49:00

On Wednesday, French oil major Total said that it will not take on new commitments for the South Pars 11 offshore gas project because of renewed American sanctions on Iran.  Due to U.S. President Donald Trump's decision to withdraw America from...

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Statoil Removes "Oil" From its Name

By MarEx 2018-05-15 15:33:00

On Wednesday morning, Norwegian oil major Statoil will formally remove "oil" from its name. It will henceforth be known as Equinor. "A name with 'oil' as a component would increasingly be a disadvantage. None of our competitors has that. It...

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Photo: Øyvind Gravås - Woldcam / Statoil

Johan Sverdrup Power Cable Installation Commences

By MarEx 2018-05-14 20:00:09

The laying of the cable supplying the Johan Sverdrup offshore development in Norway with power from shore started last week. The cable, being deployed by NKT Victoria, will help make the North Sea giant one of the oil and gas...

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Largest Southern Ocean Wave Recorded

By MarEx 2018-05-12 20:35:35

A MetOcean Solutions wave buoy moored in the Southern Ocean recorded a 23.8-meter (78.1-foot) wave on May 8. Senior Oceanographer Dr. Tom Durrant says it is believed to be the largest wave ever recorded in the southern hemisphere.  The company's...

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Offshore Production Buoy Developed for Stranded Fields

By MarEx 2018-05-10 00:19:38

Aberdeen-based SLLP134 Ltd has developed a offshore production buoy which can be redeployed multiple times throughout its lifetime. The company says the OPB buoy is low CAPEX and low OPEX and has been...

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Norway Launches New Offshore Lease Sale

By MarEx 2018-05-09 21:37:48

Norway has announced a new licensing round for its offshore oil and gas fields in predefined areas (APA). Licenses in areas in the North Sea, the Norwegian Sea and the Barents Sea are expected to be awarded in 2019. The...

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Gov. Cuomo Calls for "Citizen Fleet" to Block Offshore Drilling

By MarEx 2018-05-07 18:33:00

New York Governor Andrew Cuomo has introduced new legislation to ban offshore oil and gas exploration in New York State's waters. While the state only has jurisdiction out to three nautical miles, the plan would also ban new leases on...

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Anglo-American Exits Deep-Sea Mining Project

By MarEx 2018-05-04 20:12:00

Mining conglomerate Anglo-American confirmed Friday that it is ending its investment in Nautilus Mining, the Canadian deep-sea mineral recovery firm behind the Solwara 1 project.  Anglo-American once held about 10 percent of Nautilus' stock, but it has seen its share...

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DNV GL Voices Concern Over Oil and Gas Safety Lag

By MarEx 2018-05-02 20:59:59

Close to half (46 percent) of senior oil and gas professionals believe that there has been under-investment in inspection and maintenance of infrastructure and equipment in recent years, according to a new report published by DNV GL. However, only a...

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One Hundred Offshore Projects due for Sanctioning in 2018

By MarEx 2018-05-02 20:34:04

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016. These projects represent...

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