The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental analysis of the proposed Ocean Wind 1 wind project offshore New Jersey, which could power up to a half million households.As part of the Ocean Wind 1 project…
The shareholders of the TetraSpar Demonstrator floating wind project, Shell, TEPCO Renewable Power, RWE and Stiesdal Offshore, have launched an innovation challenge to accelerate the technical advancement of floating offshore wind.To encourage…
The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live.The case was one…
Australia’s federal government has released its 2023 Budget, with the offshore industry saying it listened to industry concerns.Australian Petroleum Production & Exploration Association (APPEA) Chief Executive Samantha McCulloch said the new…
The importance of carbon capture utilisation and storage (CCUS) to reaching net zero has been highlighted in a new Australian Government report calling for more support for the technology.The policy insights paper, “Reduce, remove and store…
AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group TRG AS.Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49…
UK North Sea-focused oil and gas company Jersey Oil & Gas (JOG) said Thursday it had agreed to farm out a 50% interest in the Greater Buchan Area in the UK North Sea to NEO Energy.In exchange for entering into definitive agreements to divest…
UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia…
Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies…
The federal government of Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, a region of New South Wales, Australia.The government said that the proposed offshore wind area, which sits alongside the Hunter…
Ørsted and Eversource have submitted a joint proposal in response to New York State’s third round of offshore wind solicitations. 'Delivering clean, renewable power for at least 1 million New York homes, this submission includes multiple bids…
A joint venture between RWE Renewables and National Grid called Community Wind has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to provide New York State with electricity from 1.3 GW of offshore wind capacity to power nearly 500…
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…
UK North Sea-focused Hartshead Resources has awarded Petrofac two contracts in respect of the platforms FEED contract for Harshead's Anning and Somerville unmanned minimum facilities jackets and topsides and the subsea FEED contract for the…
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3…
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