Offshore News

Offshore Oil and Gas Seismic Equipment and Acquisitions Market Is Expected to Foresee an Outstanding

The global Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market Research Report 2020 report is based on comprehensive analysis conducted by experienced and professional experts. The report mentions, factors that are influencing growth such as drivers, restrains of the market. The report offers in-depth…

MMT conducting South Fork geophysical survey

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China not the only game in town

With WA’s exports to China approaching $100 billion annually, business leaders are considering how the state might create alternative opportunities in a volatile environment.Western Australia exported more than $98 billion of merchandise to China in the 12 months to April 2020, more than the total to all other countries…

Turkey eyes Libya bases for lasting military foothold: source | News

Monday, June 15, 2020 6:59 a.m. by Thomson ReutersBy Orhan Coskun and Tuvan GumrukcuANKARA (Reuters) - Turkey and Libya's internationally recognised government are discussing possible Turkish use of two military bases in the North African country, a Turkish source said on Monday, with a view to a lasting Turkish presence…

Offshore drilling opposition meets on Sanibel, supporters say no harm will come

SANIBEL ISLAND Groups are fighting to stop the federal government from opening up the Gulf of Mexico to offshore drilling. They want to keep our environment safe, but supporters promise they wont do harm.In hopes of keeping waters clean, folks gathered on Sanibel to learn more about offshore drilling Monday.“The federal offshore drilling is still in play…

APL England container search to centre off Sydney, Illawarra after cargo washed up on Central Coast

THE owner of the second ship to lose containers off the NSW coast in recent years has been ordered to search for its missing cargo a month after it went overboard. The Australian Maritime Safety Authority has issued the direction to the APL England's owner, identifying a priority search area of about 1000 square kilometres that spans an offshore area between the Illawarra and southern Sydney.

Var Energi extending life of Balder area in North Sea

Var Energi has said that it will extend the lifespan of the Balder area in the North Sea by upgrading the FPSO Jotun, which has been producing oil from the Jotun field since 1999.The Balder Future project aims to extend the life of the field (PL 001) to 2045, giving Norway’s oldest licence a lifetime of 80 years. In addition to the upgrade of the FPSO…

Pemex proposal would sharply cut drilling rigs from private service firms

Mexican national oil company Pemex has proposed slashing the number of privately owned drilling rigs used this year and next in an internal planning document seen by Reuters.The document also details 76 separate rig suspensions this year, with 14 planned for the companys most productive field Ku Maloob Zaap responsible…

Coronavirus threat to global Submersible Drilling Rigs Market In-Depth Analysis Of Competitive Lands

In 2029, the Submersible Drilling Rigs market is spectated to surpass ~US$ xx Mn/Bn with a CAGR of xx% over the forecast period. The Submersible Drilling Rigs market clicked a value of ~US$ xx Mn/Bn in 2018. Region is expected to account for a significant market share, where the Submersible Drilling Rigs market size is…

LETTER: Urgent help needed for Newfoundland and Labradors offshore petroleum Industry | Regional-Per

The survival of Newfoundland and Labrador’s offshore oil and gas industry is essential to the survival of the province as a contributing member of Confederation.Prime Minister Justin Trudeau attended the funeral service for my late father, John Crosbie in January, and I thank him for his courtesy and grace in doing so,…

Fish for an Island | Economic and Political Weekly

Nadia walked briskly up to me, her hands full of food containers. You wanted short-eats, no? she asked as she led me to the group of women who were waiting close by. Earlier in the day while interviewing her, I had asked her about recipes for Maldivian short-eats, fried tuna-filled snacks that often accompany their morning or evening coffee.

Helmerich & Payne - Consensus Indicates Potential 15.6% Upside

Helmerich & Payne found using ticker (HP) have now 21 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 39 and 7 calculating the average target price we see 19.43. Now with the previous closing price of 16.81 this is indicating there is a potential upside of 15.6%.

Offshore Contract Drilling Market Research, Recent Trends and Growth Forecast 2025

The Offshore Contract Drilling Market report upholds the future market predictions related to Offshore Contract Drilling market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Offshore Contract Drilling market players involved in the industry including their corporate overview.

Meet Sikh Izhan, Malaysia U-19 goalkeeper who travelled 600km to weekly training by himself at age 1

Despite not being top of the pecking order for club or country, custodian Sikh Izhan is determined to prove that he's good enough to play abroad. Name: Sikh Izhan Nazrel Sikh AzmanAge: 18Siblings: Third child among four siblingsAcademy: Bintang Biru (2007-2012), Project 2019 (2012-2014), Pahang Malaysia Sports School (2015)…

Bill Would Help Protect South Carolina Coast from Offshore Drilling - SACE | Southern Alliance for C

South Carolina Senator Chip Campsen has introduced a bill that would serve as a large step forward in protecting the coast from the impacts of offshore drilling. The Southern Alliance for Clean Energy (SACE) submitted a letter to the South Carolina State House on why the Legislature should pass S. 870.Chris Carnevale | January 14…
Neria Aylward is an organizer with Coalition for a Green New Deal NL.  CONTRIBUTED PHOTO

Open letter asks federal government not to fund offshore drilling in Newfoundland and Labrador | Loc

A campaign involving Newfoundland and Labrador's offshore industry and other players looking for federal funding to boost the sector during a difficult time is receiving some pushback from multiple groups with ties to social justice and the environment.An open letter to Prime Minister Justin Trudeau was published Wednesday on the website of the Council of Canadians…

OKEA Moves Draugen Maintenance Forward as Norway

Norwegian oil and gas firm OKEA will carry out maintenance works on its Draugen platform earlier than initially planned, following the Norwegian government's decision in April to cut oil production to support oil prices.OKEA's Draugen field in the Norwegian Sea, in production since 1993, has been included in the list of offshore oil fields expected to reduce output in 2020.

Equinor Sanctions Sleipner Field Electrification

Norwegian energy company Equinor has made an investment decision to partly electrify the Sleipner field in the North Sea, offshore Norway.Equinor, with its partners  Vår Energi, LOTOS and KUFPEC on Tuesday filed a revised plan for development and operation to the authorities.The solution for the Sleipner field center will entail laying a new power cable from Sleipner to the Gina Krog platform…

Isle Royale National Park begins phased re-opening for boaters

HOUGHTON, MICH. -- As national parks nationwide grapple with when and how to safely welcome the public during a socially distanced summer, Isle Royale National Park has rolled out the latest update in its phased opening for the 2020 season.The park announced Tuesday that starting June 10, overnight anchoring for boats will be allowed in the Lake Superior waters of the park.Liz Valencia…

Near-record investment expected as 'bow wave' of activity heads for Newfoundland offshore

Newfoundland and Labrador's offshore oil industry is preparing for a serious uptick in exploration activity, with $4 billion in work commitments poised to attract near-record drilling in the next few years as companies search for the next Hibernia-type discovery.But industry leaders caution that myriad factors will determine whether that target is achievable…