Activity News


UK, Italy's Eni Agree Carbon Capture Project Rules

Oct 17, 2023

Italy's Eni said on Tuesday it had reached an agreement with Britain's government on the key terms and conditions for providing services in one of the carbon capture and storage (CCS) projects under development in the country.Eni is the carbon…

Ørsted to Sell 50% Stake in Offshore Wind Farm in Germany

Oct 17, 2023

Offshore wind farm developer Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen.Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure…

Energy-starved Africa Needs Fairer Climate Treatment: OPEC Sec Gen

Oct 17, 2023

Africa should be treated fairly while addressing global climate challenges as the continent contributes the smallest share to green house gas emissions globally, OPEC Secretary General Haitham Al Ghais said on Tuesday.Addressing an energy conference in Cape Town…

Finland Terminal Receives First LNG Cargo after Pipeline Breach

Oct 17, 2023

A tanker carrying liquefied natural gas (LNG) arrived at Finland's Inkoo terminal on Tuesday, vessel tracking data showed, the first such cargo to appear following the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Maran Gas Vergina, carrying U…

Offshore Wind Installation: Huisman Launches Wind Gust Buster for Safer Crane Operations

Oct 17, 2023

Dutch offshore equipment and technology firm Huisman has launched a system that it says empowers crane operators with the ability to anticipate and react to approaching wind speeds, gusts, and direction during the installation process of turbine blades…

Saudi Arabia Can Lift Oil Production within Weeks - Aramco CEO

Oct 17, 2023

Saudi Aramco is able to ramp up oil production within weeks as global consumption is set to rise to a fresh record by year-end, the CEO of the oil giant said on Tuesday.Speaking at the Energy Intelligence Forum in London, Aramco CEO Amin Nasser…

Ørsted Moves Closer to 50% Stake Divestment in Taiwanese Offshore Wind Farm Project

Oct 17, 2023

Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…

Norwegian Ports Could Create Thousands of Jobs with Offshore Wind Investment

Oct 17, 2023

Norwegian ports investing in offshore wind  can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found.The report was commissioned by Norwegian Offshore Wind…

Fugro Boosts Offshore Wind Service Capabilities in Taiwan with New Geotechnical Lab

Oct 17, 2023

Offshore survey services and geo-data specialist Fugro on Tuesday announced the opening of its new geotechnical testing laboratory in Kaohsiung, Taiwan. Fugro said the new lab would bolster the company's capability to deliver advanced geotechnical testing for the offshore wind market…

World's Deepest Fixed-Bottom Wind Farm Fully Operational

Oct 17, 2023

TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW.Seagreen…

Output from Brazil's Petrobras Hits Nearly 4 Mln Barrels in Third Quarter

Oct 17, 2023

Brazilian state-run oil firm Petrobras said on Monday that its combined crude and natural gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates. The output was almost 8% higher than production during the previous three quarters…

Marathon Oil Signs Deal with Glencore for Alba Gas in Equatorial Guinea

Oct 17, 2023

Marathon Oil said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market…

Massachusetts Offshore Wind Farm Dodges Lawsuits over Environmental, Fishing Concerns

Oct 16, 2023

A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…

Ocean Installer Wins Work at Equinor's Subsea Tie-Back Development in Norway

Oct 16, 2023

Equinor has awarded Ocean Installer an engineering, procurement, construction, and installation contract for the Eirin subsea tie-back development, offshore Norway.In mid-September, Equinor submitted a plan for development and operation (PDO)…

Israeli Energy Sites Impacted by the Gaza Conflict

Oct 16, 2023

Israel, which has become a major gas exporter in recent years, has shut down several major energy sites since Hamas militants attacked southern Israel on Oct. 7, sparking a wider conflict in the Gaza Strip.Following are the sites impacted by the conflict so far:THE TAMAR GAS FIELDIsrael on Oct…

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