Premier Oil, a UK-based oil company, has further lowered the capex for its Catcher development in the UK North Sea. The forecast now says capex will be 29 percent lower than at sanction. Premier Oil said in an update on Thursday that the total capex is now forecast at $1.6 billion, which is $100 mil
Dutch energy company Eneco Holding NV is dividing its business operations between two separate, independent companies. As of 1 February 2017, Eneco Holding NV will be unbundled into the sustainable energy company Eneco Group, and the network company Stedin Group, each with its own supervisory board
Oil company CNOOC has started production at the Penglai 19-9 comprehensive adjustment project, offshore China. The Penglai 19-9 oilfield is located in Bohai which has an average water depth of approximately 30 meters. CNOOC has 51% working interest in Penglai 19-9 oilfield and acts as the operator,
Oil and gas company Ithaca Energy has launched a development program for the Harrier field, located in the Greater Stella Area (GSA) in the UK North Sea, expecting to start production in 2H 2018. The GSA licenses contain the Stella and Harrier fields, both currently in the development process with S
Navantia-Windar joint venture has been awarded a contract by Siemens Wind Power to supply jacket foundations for the Nissum Bredning (NBV) offshore wind farm. The contract covers the supply of 3-legged jacket foundations and their corresponding piles for four SWT-7.0-154 offshore wind turbines. Thes
After a little over 2 years of deepening and widening the Bayport Channel, the Port Houston dredging is finished. The channel was deepened by five feet to match the 45 ft. depth of the Houston Ship Channel and was also widened between 50 to 100 feet, reported the port. The project will improve navig
Norwegian aluminium company Norsk Hydro signed agreements with the state of Pará and Shell Brasil Petróleo, aiming to replace fuel oil with natural gas at its Alunorte alumina refinery in Brazil.
North Sea oil & gas operator Ithaca Energy is expecting to produce first hydrocarbons from the Stella field in the UK North Sea in February, following repairs on the production facility. To remind, following a routine inspection in November last year Ithaca found faults on a number of electrical jun
A new poll has just shown that 62 percent of Louisiana voters favor Louisiana’s Coastal Master Plan – the state’s blueprint for prioritizing large-scale coastal restoration and protection projects – while only 6 percent oppose it. The poll, conducted in December 2016 by Applied Technology Research C
The U.S. Army Corps of Engineers, Philadelphia District, awarded a $92 million contract late yesterday (January 10) to Weeks Marine Inc. to construct a dune and berm project between the Manasquan and Barnegat Inlet in Ocean County, New Jersey. The total cost of the contract could be $128 million if
ACE Winches, has secured a spooling contract with Oceaneering for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) project. The contract will be the first time ACE Winches’ newly-developed 500te reel drive system is used. The tool is an upgrade of its existing 400te system that has been enginee
Excelerate Energy said it has completed the long-term sale and leaseback of the FSRU Experience with a unit of CMB Financial Leasing.
In his State of the State address delivered yesterday, New York State Governor Andrew M. Cuomo expressed support for the development of offshore wind power in the lease area for which Statoil won the rights at the government’s lease sale in December, and proposed a commitment to develop up to 2.4GW
In his State of the State address delivered yesterday, New York State Governor Andrew M. Cuomo expressed support for the development of offshore wind power in the lease area for which Statoil won the rights at the government’s lease sale in December, and proposed a commitment to develop up to 2.4GW
