Energy News


Gallery: DolWin kappa Offshore Substation Sails Away

Aug 08, 2022

Dutch/German grid operator TenneT said Monday that the 900 MW offshore substation platform DolWin kappa had sailed away from the Dragados Offshore shipyard in Cádiz, Spain. 'TenneT will soon be reliably bringing even more green wind power from…

Enauta Set to Resume Production from Atlanta Field Offshore Brazil

Aug 08, 2022

Following a planned downtime, Brazilian oil company Enauta is set to resume production from its Atlanta oil field in the Santos Basin, offshore Brazil.The company said that the Atlanta Field’s scheduled downtime is expected to be concluded over the upcoming days…

Indonesia: Pertamina's H1 Oil, Gas Output Rises to 965,000 BOEPD

Aug 08, 2022

Indonesia's state energy company Pertamina's production of oil and gas stood at 965,000 barrels of oil equivalent per day (BOEPD), up from 850,000 BOEPD in the same period last year, the company said on Monday.Pertamina posted bigger production after boosting drilling activities…

Shell Delays Prelude LNG Maintenance Due to Industrial Action

Aug 08, 2022

Shell Plc said on Monday it is deferring planned maintenance work at the Prelude floating liquefied natural gas (FLNG) facility that was due to go ahead in September because of industrial action at the site off northwest Australia.'As a result…

Seaway 7 to Start Early Works on Moray West Offshore Wind Farm Cables

Aug 08, 2022

Seaway 7, a company specializing in offshore renewable energy installation services, said Monday it had signed a letter of award to start early work related to the installation of inter-array grid cables for the Moray West offshore wind farm in the UK North Sea…

Russia Ups Stakes in Sakhalin Energy Standoff in Sanctions Retaliation

Aug 05, 2022

Russia increased pressure on investors in its two Pacific energy projects which once helped Moscow rebuild its economy, blaming ExxonMobil for falling oil output at Sakhalin-1 and giving shareholders of Sakhalin-2 a month to claim their stakes…

Equinor Makes Move on Rosebank

Aug 05, 2022

Norwegian energy company Equinor has taken a step forward with its Rosebank project in the UK North Sea by submitting key environmental documents. An Environmental Impact Assessment was submitted to the UK's Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) on Thursday…

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…

KOTUG To Support Liza FPSOs Off Guyana

Aug 05, 2022

KOTUG's subsidiary KOTUG Guyana has been awarded a second contract by ExxonMobil affiliate Esso Exploration and Production Guyana to support operations in Guyana. KOTUG’s latest addition, the 120 tonnes bollard pull strong SD Honour, will join…

Sval Energi to Buy Suncor Norway for $410 million

Aug 05, 2022

Sval Energi has signed an agreement with Suncor Energy to acquire Suncor Energy Norge, adding 4000 barrels of oil equivalent and 19 million barrels of oil equivalent in reserves on the Norwegian Continental Shelf to its portfolio.The deal is worth about $410 million Canadian dollars…

Tullow Oil Abandons Guyana Well After Dismal Drilling Results

Aug 05, 2022

Tullow Oil said on Friday it would abandon drilling operations at Beebei-Potaro exploration well in offshore Guyana after results showed the well bore water.The group, which holds 37.5% of the Kanuku block where the well lies, said it would…

Conoco Sweetens Shareholder Returns by $5 Billion as Profit Jumps

Aug 04, 2022

ConocoPhillips on Thursday raised its shareholder payout target by 50% after the largest U.S. independent oil producer beat Wall Street's earnings estimates on surging energy prices.Oil and gas prices have skyrocketed with Western sanctions…

US Stays the Course Toward Offshore Wind Targets

Aug 04, 2022

The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050…

AVANGRID To Take Over Vineyard Wind 1 Operations

Aug 04, 2022

Iberdrola Group company AVANGRID has finalized an agreement to take over responsibility as the operations and management services provider for Vineyard Wind 1, the U.S.' first commercial-scale offshore wind project. The agreements include an…

High Impact Exploration Sees Rebound

Aug 04, 2022

38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…

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