Norwegian oil and gas company DNO announced on Tuesday a gas condensate discovery on the Norma prospect in the Norwegian North Sea.Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25–130 million barrels of oil equivalent (MMboe) on a P90-P10 basis…
Germany is likely to generate more than 50% of its power from renewable energy this year but needs to ramp up the speed of its transition towards the end of the decade, Economy Minister Robert Habeck said on Monday. With demand for electricity on the rise…
Two Ulstein-designed Service Operation Vessels (SOV) for Shanghai Electric were launched at the ZPMC construction yard in China on Saturday, September 16.The two vessels are of the ULSTEIN SX195 and SX197 design, carrying 100 POB and 60 POB…
A new LNG floating storage regasification unit (FSRU) arrived in western France on Monday morning, a TotalEnergies' spokesperson said, as activist group Greenpeace tried to prevent it from entering port.Demand for liquefied natural gas (LNG) in Europe has grown in the wake of the war in Ukraine…
Seabed survey and ocean research company Ocean Infinity has signed a contract with Equinor Wind US LLC, for one of the first-ever floating offshore wind farms on the US West Coast. Under the terms of this contract, Ocean Infinity will undertake…
Eneti's offshore installation services subsidiary Seajacks UK has signed a vessel reservation agreement with an undisclosed client to transport and install turbines.With mobilization starting in the first quarter of 2027, the contract will be…
Lighting solutions specialist Glamox has won a contract from the Chinese shipbuilder Yantai CIMC Raffles Offshore Limited to light Havfram Wind’s two new Wind Turbine Installation Vessels (WTIV). These new vessels will be capable of installing…
The floating offshore wind project DemoSATH has started generating electricity, off the coast of Spain.DemoSATH, led by the Spanish engineering firm Saitec Offshore Technologies, in collaboration with the German energy company RWE Offshore Wind and the Japanese company KEPCO…
Australia's Offshore Alliance union said on Sunday that workers had begun a second 24-hour strike at Chevron's liquefied natural gas (LNG) plants in Western Australia.'Another 24hr stoppage has been applied across all 3 facilities with 15% of…
UK North Sea-focused oil and gas company Orcadian, which is working to develop the Pilot oil field, has entered into a non-binding Heads of Agreement with an unnamed North Sea operator, which details a potential farm-out of the Pilot development project…
Norwegian offshore support vessel firm DOF said Monday it had won three new service contracts with the Brazilian oil firm Petrobras.'The contracts were originated by a competitive bid process won by DOF and include work within our core service lines for Survey and Inspection…
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a 'cautious' approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday.The Equatorial Margin is some 2…
Seismic group TGS, a supplier of key data to the oil industry, has agreed to buy loss-making rival PGS in an all-share deal valued at 9.3 billion Norwegian crowns ($864 million), the two Oslo-listed companies said on Monday.The groups expect 'significant economies of scale' from the combination…
Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday. The new licence is for the depleted Hewett gas field located 20 kilometers (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain…
Norway's $1.4 trillion sovereign wealth fund, the world's largest, revealed stricter demands on Friday for how companies it invests in should handle climate risk, telling boards to move from target setting to transition planning.The fund, which…
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