Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies, Wood Mackenzie has said. In Q4 2018, as thes
North Sea oil and gas player Decipher Energy is reportedly expected to start production from the Orlando oil field in the first quarter of 2019. This is according to Atlantic Petroleum, a company which sold its 25 percent stake in Orlando to Decipher back in March 2017. Under the terms of the sale A
A Panama-flagged tanker runs aground in the river Elbe, off Cuxhaven.
Baltic Trade & Invest (BTI) has announced the deployment of a Seawatch Wind LiDAR buoy within the area of the 350MW FEW Baltic II offshore wind farm project in the Polish Baltic Sea. The Seawatch Wind LiDAR buoy will measure a number of parameters at the site some 50km offshore, on the north side of
French LNG operator Elengy, a unit of the energy giant Engie, is set to offer up for sale access to uncommitted capacities at the Fos Tonkin LNG terminal for the period 2021-2030.
Fred. Olsen Windcarrier’s jack-up vessel Brave Tern has installed the last turbine at the Horns Rev 3 offshore wind farm in Denmark. The jack-up vessel loaded the final batch of the MHI Vestas units destined for the 406.7MW project on 10 January at the Port of Esbjerg. Offshore construction began ba
US LNG Export project developer, Tellurian said that its Driftwood LNG project proposed near Lake Charles, Louisiana, on the U.S. Gulf Coast has been granted the final environmental impact statement.
Marine seismic acquisition and processing company CGG has said it is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin.
Finish energy company Gasum noted the number of natural gas-fueled cars increased during 2018 in Finland.
Offshore Energy Today Staff
Siemens Gamesa Launches 10+ MW Offshore Wind Turbine Siemens Gamesa has launched the SG 10.0-193 DD, the company’s first 10+ MW offshore wind turbine. GE Haliade-X 12MW Prototype Finds Home in Rotterdam GE Renewable Energy and Future Wind, a joint venture of Pondera Development and Sif, have signed
Australia’s Woodside awards Scarborough contracts Australian LNG operator Woodside has awarded four contracts for front-end engineering design activities for its proposed Scarborough gas project offshore Western Australia. Chevron shuts down Gorgon LNG train 3 due to mechanical issues US-based energ
Norwegian oil company Aker BP is raising its growth ambitions on the back of what it says is a strong performance in 2018. Aker BP on Friday said it plans to organically triple its production by 2025, to cut production costs from USD 12 to USD 7 per barrel by 2023, and to significantly […]
Incat Tasmania to build a fast passenger/cargo ferry for Trinidad and Tobago.
