Activity News


New Fortress Finalizes Deal to Develop Lakach Gas Project in Mexico Using FLNG

Nov 22, 2022

U.S.-based firm New Fortress Energy Inc. said Tuesday it had finalized agreements with Mexico’s state-owned oil company Pemex, to develop and operate an integrated upstream and natural gas liquefaction project to develop the Lakach deepwater gas field off Veracruz in Southeastern Mexico…

All 38 Turbines Installed at RWE's Kaskasi Offshore Wind Farm in Germany

Nov 22, 2022

The last turbine at RWE’s Kaskasi wind farm has now been installed 35 kilometers north of the German island of Heligoland, the German company said Tuesday.Kaskasi is RWE’s sixth wind farm off the German coast. According to the company, more…

Autonomous OBN Seismic Survey Robots Could Enter Commercial Operation in 2024

Nov 22, 2022

Blue Ocean Seismic Services, which is working on autonomous ocean bottom seismic robotic vehicle technology, said on Tuesday that it had finished a series of passive and active seismic trials that proved the quality of seismic data collection…

Cadeler Orders Second Hybrid Offshore Wind Installation Jack-up

Nov 22, 2022

Danish offshore wind installation services firm Cadeler has ordered its second F-class vessel, a hybrid design allowing the vessel to convert from being a foundation installation unit to a wind turbine generator installation vessel within a short period of time…

Australia's LNG Exporters Have a No-win Domestic Dilemma: Russell

Nov 22, 2022

Australia's liquefied natural gas exporters have a problem at home, where industrial and domestic consumers are making strident demands for them to accept a price cap, higher taxes, guaranteed volumes or some combination of all of these.The…

BV to Certify Floating Wind Farm in S. Korea

Nov 22, 2022

Bureau Veritas, a testing, inspection, and certification company, will work with the Korean Register (KR) to certify Bada Energy's Gray Whale 3 floating offshore wind farm project in Ulsan, South Korea.Gray Whale 3 floating offshore wind farm is a product of a partnership between Corio Generation…

Equinor Files Development Plan for $1,45B Irpa Deepwater Gas Discovery

Nov 22, 2022

The Norwegian oil and gas company Equinor has filed a plan for development and operation (PDO) for the Irpa offshore gas discovery, formerly known as Asterix, to the Norwegian Minister for Petroleum and Energy.The gas discovery, sitting in the Norwegian Sea at a depth of 1350 meters…

Norway's October Oil, Gas Output Lags Forecast

Nov 22, 2022

Norway's crude oil and gas output rose in October from September but lagged official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output rose to 1.75 million barrels per day (bpd) in October from 1…

Petrofac CEO to Step Down. McDermott Man Named as Replacement

Nov 22, 2022

Oilfield services provider Petrofac said on Tuesday that Sami Iskander would step down as chief executive officer at the end of March 2023 and be replaced by Tareq Kawash, a senior executive at energy firm McDermott. Iskander took the helm in…

Shell to 'Evaluate' 25B Pound UK Investments after Windfall Tax

Nov 22, 2022

Shell said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and gas producers.'We're going to have to evaluate each project on a case by case basis…

Pemex Sees Deepwater Lakach Gas Project Boosting Output Significantly

Nov 22, 2022

Mexican state oil company Pemex expects a key offshore natural gas field located in the deepwater Gulf of Mexico will add significant output after inking a service contract on Monday, part of a push to grow local output while reducing imports…

UK Oil and Gas Sector Faces $24B Bill to Plug Old Wells

Nov 22, 2022

British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.The cost burden for plugging wells and removing platforms…

Valaris Bags Four-well Drilling Contract with BP Offshore Egypt

Nov 21, 2022

Offshore drilling contractor Valaris announced on Monday that its drillship VALARIS DS-12 has been awarded a contract to drill four wells for BP offshore Egypt.The contract is expected to commence late in the third quarter or early in the fourth…

Brazil: No Gato do Mato Offshore Field FID in Next 12-24 Months, FPSO Firm Says

Nov 21, 2022

Shell's Brazilian subsidiary Shell Brasil Petróleo will not be making final investment decision (FID) on its Gato do Mato oil and gas field development offshore Brazil within the next 12 to 24 months. This is according to FPSO leasing firm BW…

Fugro Wins Survey Deal at U.S. Offshore Wind Project

Nov 21, 2022

Community Offshore Wind, a U.S. joint venture between RWE Renewables and National Grid, has awarded Fugro an offshore survey contract to support site appraisal and concept design activities in the New York Bight. The joint venture was last year…

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