Offshore Energy News


Outlook ‘Surprisingly Positive’ for US Offshore Wind

May 20, 2024

It certainly has been an active few months in the U.S. offshore wind space.Despite some ongoing issues, the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months. In fact, the key concern…

New Dutch Coalition Aims for More Offshore Gas Extraction

May 17, 2024

The incoming Dutch government said on Thursday it will aim to expand offshore natural gas extraction and nuclear energy production as part of plans to reduce the Netherlands' dependence on 'unreliable countries.'In its draft coalition pact,…

Iberdrola to Triple Offshore Wind Assets

May 17, 2024

Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday…

AGR Gets Offshore CO2 Storage Job in North Sea

May 13, 2024

Altera Infrastructure has appointed AGR, part of ABL Group, to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.In late March 2023, the Norwegian Ministry of Energy awarded Altera Infrastructure…

Ørsted’s Gode Wind 3 Delivers First Power

May 08, 2024

First power from Ørsted’s Gode Wind 3 offshore wind farm in the German North Sea is now feeding the grid.Offshore wind construction company Cadeler reports its wind turbine installation vessel (WTIV) Wind Osprey recently installed the first Siemens Gamesa 11-megawatt (MW) turbine at the project…

US Oil and Gas Production Rebounds

May 01, 2024

U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January.Nationwide crude and condensates output jumped by 0…

Australia Grants Feasibility Licenses for Offshore Wind Farms

May 01, 2024

Australia on Wednesday gave the go-ahead for six projects to study the feasibility of building wind farms in waters off its southern coast as it looks to ramp up renewable energy to meet its net zero emission target by 2050.Six others could…

Exxon to Shut Two Platforms in Guyana for Two Weeks for Pipeline Connection

Apr 30, 2024

Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday…

US Proposes Offshore Wind Auctions Off Oregon and Maine Coasts

Apr 30, 2024

The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales…

Petrobras Q1 Oil Production Up 4.4%

Apr 29, 2024

Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement…

SOVs – Analyzing Current, Future Demand Drivers

Apr 26, 2024

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time…

New York Not Moving Forward With Three Offshore Wind Farms

Apr 19, 2024

New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said 'materially altered' the plans.New York provisionally approved the projects in October 2023…

Energy Storage on O&G Platforms - A Safety Boost, too?

Apr 19, 2024

The fuel savings gained by installing energy storage systems on oil and gas platforms are significant, but it’s the safe-ty benefits that might overcome what has been a relatively slow uptake of late.Industry lore has it that drilling rigs say…

Renewable Energy Funds See Outflows on Concerns Over Growth, Policies

Apr 10, 2024

Global investors are increasingly moving away from the renewable energy sector funds this year due to concerns over the sector's growth prospects and uncertainty over policies in a U.S. election year, fund data show.Renewable energy sector funds witnessed steady inflows in the past few years…

Current News

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