OffshoreNews

SeaRose

SeaRose FPSO Operations Suspended in Canada

By MarEx 2018-01-17 08:16:09

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has suspended operations at Husky Oil Operations' SeaRose FPSO after investigation into an incident last year when an iceberg entered the vessel's 0.25 nautical mile Ice Exclusion Area. The SeaRose FPSO is...

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jack

Jack Gerard to Step Down as Head of API

By MarEx 2018-01-17 08:12:02

The longtime president and CEO of the powerful American Petroleum Institute, Jack Gerard, has announced that he will step down when his current contract ends this August.  “Serving the oil and natural gas industry during this historic time, when an...

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Deepwater Horizon fire

BP's Deepwater Horizon Costs Reach $65 Billion

By MarEx 2018-01-16 06:41:05

BP said on Tuesday it would take a new charge of $1.7 billion in relation to claims over the 2010 Deepwater Horizon spill, raising the company's total costs to around $65 billion, higher than the $61.6 billion the company estimated...

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Transocean drilling rig: credit Kenneth Engelsvold

Norway Makes Record Number of Offshore License Awards

By MarEx 2018-01-16 05:12:21

Norway has offered 34 companies a total of 75 new production licenses on the Norwegian Continental Shelf. This is a record number of production licenses awarded in an Awards in Pre-defined Areas (APA) round, and never before had so many...

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offshore wind

New Leadership for MHI Vestas

By MarEx 2018-01-16 04:17:04

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Philippe Kavafyan as CEO and Lars Bondo Krogsgaard as Co-CEO of MHI Vestas Offshore Wind. The appointments will take effect on April 1, 2018. Under the leadership of out-going CEO...

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FPSO

Shell to Redevelop U.K. Penguins Field

By MarEx 2018-01-15 09:20:10

Royal Dutch Shell has taken final investment decision (FID) on the redevelopment of the Penguins oil and gas field in the U.K. North Sea. The Penguins field currently processes oil and gas using four existing drill centers tied back to...

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offshore wind

Renewable Technologies to be Competitive by 2020

By MarEx 2018-01-14 16:43:06

A new cost analysis from the International Renewable Energy Agency (IRENA) predicts that all renewable energy technologies will be able to compete with fossil fuels on price by 2020. Renewable Power Generation Costs in 2017 states that competitive procurement practices...

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alt

Florida Removed from U.S. Offshore Drilling Plan

By MarEx 2018-01-10 14:23:05

Just days after the Trump administration announced a plan to open up to 90 percent of America's offshore waters to oil exploration, the Interior Department announced that it will withdraw areas off the coast of Florida from consideration.  The abrupt...

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great

Belize Bans Offshore Oil and Gas Exploration

By MarEx 2018-01-09 13:38:49

In the closing days of 2017, as the Trump administration drafted a proposal to open most U.S. waters to oil and gas development, the legislature of Belize unanimously approved a bill to ban future offshore exploration.  Belize has the biggest...

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Innovation

Watch: Foundations Laid for Denmark's Largest Windfarm

By MarEx 2018-01-09 10:06:14

The 49 foundations for Denmark's largest wind farm, Horns Rev 3, are now in place in the North Sea north-west of Blåvands Huk on the Danish west coast. The last foundation was piled  into the seabed just after New Year...

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