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(Reuters) - Ecuador's state oil company Petroecuador is facing arbitration claims stemming from contractual disputes with two private contractors, the company said on Friday, adding that the processes would not affect crude output. Kamana Services and Servicios Petroleros Igapó separately presented claims stemming from disputes over services contracts signed with Petroecuador in 2016 to the... Continue Reading →
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana. Keppel Shipyard, responsible for the construction and integration of the topside modules with the China-built FPSO hull said Thursday it had delivered the FPSO to SBM Offshore. Once in Guyana, the FPSO will... Continue Reading →
U.S. oil firm ExxonMobil has made another oil discovery offshore Guyana, this time at Pinktail prospect in the prolific Stabroek Block. The Pinktail well, ExxonMobil said, encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon-bearing sandstone reservoirs. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase 1 development, which... Continue Reading →
Remotely operated vehicles specialist ROVOP has appointed Daniel Wheeler as its new President for the Americas, to lead the company in Houston as it prepares for its next phase of growth in the region both in oil and gas and in the emerging offshore wind sector there. "The growth comes on the back of a... Continue Reading →
(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →
(Reuters) - Schlumberger NV (SLB.N), the world's leading oilfield service provider, expects to materially grow its margins and cashflow over the medium and short term horizons, Chief Executive Officer Olivier Le Peuch said on Wednesday. The company expects to reach adjusted EBIDTA margins of 25%, or a 500 basis point expansion from pre-pandemic levels, over that... Continue Reading →
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore wind as part of the first offshore wind ScotWind leasing round in Scotland, UK. "Together, we... Continue Reading →
The Colombian Maritime Authority (DIMAR) has selected Fugro to carry out a joint environmental and exploration seep study in the Caribbean Sea. The project began in late August and is scheduled to complete in November. According to Fugro, the work will involve the acquisition, analysis and interpretation of seabed sediment samples and heat flow measurements... Continue Reading →
Offshore engineering firm Aquaterra Energy has signed an engineering and design service agreement with an unnamed "supermajor" to deliver multiple offshore platforms over a three-year period. The platforms, of Aquaterra Energy's Sea Swift design, will be destined for off the coast of the Cabinda Province, offshore Angola. "Won through a competitive tender process, Aquaterra Energy... Continue Reading →
(OE) Wind turbine maker Siemens Gamesa said Tuesday it had made the world’s first recyclable wind turbine blades at its blade factory in Aalborg, Denmark. "Wind power is one of the cornerstones in the quest to tackle the climate emergency. With more than 200 GW of new offshore capacity projected by the Global Wind Energy... Continue Reading →
