Offshore ///

Ghana reconsiders oil’s role in its economy as prices fall

The global slump in crude prices is giving Ghana a chance to rethink its dependence on a sector that was its key driver of economic growth in recent years.

Senior Canadian officials unite to support offshore industry

Newfoundland and Labrador Premier Dwight Ball, along with provincial Minister of Natural Resources Siobhan Coady, expressed support for a focused initiative to persuade the federal government to provide immediate assistance to East Canada’s offshore industry, which has been hit hard by Covid-19 and the collapse of oil prices.

Gulf of Mexico operators can expect an active 2020 hurricane season

Federal researchers are now weighing in on the hurricane season ahead, forecasting as many as 19 named storms for the year, at least six of which are likely to become hurricanes.

Archer Limited secures multi-well P&A contract for modular rig Archer Topaz in the UKCS

Archer announced a formal contract award for provision of a modular drilling unit and associated services by TAQA.

House Energy Action Team provides energy solutions

National Ocean Industries Association President Erik Milito issued a statement regarding the House Energy Action Team (HEAT) letter to Secretary Bernhardt on energy relief.

ADC launches COVID-19 resilience audit to support offshore industry

ADC has combined guidance from the world’s leading advisory, regulatory and legislative bodies, including the Health & Safety Executive (HSE) and Oil & Gas UK, with its 35 years of global operator and drilling contractor experience to produce a COVID-19 Resilience Audit.

Lamprell awarded EPIC contract by Sharjah National Oil Corporation

Scheduled for completion in early 2021, Lamprell's scope of work is specific to the Mahani Extended Well Test project and includes hook-up and installation at the well, existing systems upgrade, associated tie-ins and a new 25 km export pipeline.

OGUK responds to oil price impact study published by economist and professor Alex Kemp

Responding to the findings of a new study published today by Professor Alex Kemp from the University of Aberdeen, which suggests a third of all available oil and gas in the North Sea could be left untouched if the price of Brent Crude remains at $25 a barrel,

Total lands $15 billion financing commitment for Mozambique LNG project

The Area 1 LNG project will generate about $38 billion in revenue for Mozambique’s government over its lifetime, supplemented by sales from an even bigger project led by Exxon Mobil in the neighboring Area 4 offshore block.

Oceaneering wins significant asset integrity scope in the Middle East

The award includes the provision of general and advanced non-destructive testing (NDT) and fabric maintenance inspection services across the operator’s onshore and offshore facilities in the Middle East.

Aquaterra Energy lands second DeNovo platform contract

Aquaterra Energy has been awarded a FEED contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field, off of the west coast of Trinidad and Tobago.

Daily Brief podcast: A look ahead at the coming week in oil and gas

Key trends for the coming week, including a couple of wild cards that could threaten the recovering global oil price and production balance.

Canadian offshore industry in crisis mode

Over the last eight weeks, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) has had ongoing discussions with the federal and provincial governments about providing immediate help to Canada’s offshore industry, which has been hit extremely hard by COVID-19 and the collapse of oil prices.

Daily Brief podcast: Bringing offshore connectivity and HSE advances to onshore operations

Thanks to new developments in satellite connectivity, advances that were once only technically and financially feasible for offshore installations are now available for land operations as well.

Neptune Energy conducts world’s first for dual drilling subsea

Neptune Energy has conducted the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.

Equinor, SSE select operations base for world’s largest offshore wind farm

Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have today announced plans to build a new Operations and Maintenance (O&M) Base at the Port of Tyne.

Nova module lifted onto Neptune Energy’s Gjøa platform

Neptune Energy and Wintershall Dea announced the successful lift of the 740-tonne topside module for the Nova development project in the Norwegian North Sea.

Hess charters supertankers to store its North Dakota crude

The U.S. oil explorer said it has enlisted three very-large crude carriers that will each store about 2 million barrels of oil produced in May, June and July from the Bakken shale field in North Dakota.

Neptune Energy completes OBN seismic survey offshore Egypt

Neptune Energy announced the successful completion of an ocean bottom node (OBN) multiclient survey in the North West El Amal block, offshore Egypt, delivering promising results for further analysis.

Maersk Drilling further reduces headcount and financial guidance as projects dwindle

The revised guidance reflects expected adjustments to the existing contracts based on current customer dialogues, no additional contracts with financial impact in 2020, and COVID-19 related costs.