Energy News


Norway's Inaugural Offshore Wind Auction Continues Tuesday

Mar 18, 2024

Norway began its first auction on Monday for the right to build a commercial offshore wind farm, offering up to 1.5 gigawatts (GW) of capacity in what the government hopes will be the start of a massive development of renewable electricity.'Bids are coming in…

Ørsted Powers Up All Turbines at First US Commercial-Scale Offshore Wind Farm

Mar 14, 2024

Ørsted has installed and powered up all 12 turbines at the landmark South Fork project, and the first utility-scale U.S. offshore wind farm has started delivering power to Long Island and the Rockaways, offshore New York.The commissioning of the wind farm is in its final stage…

Shell Scales Back 2030 Carbon Emissions Target

Mar 14, 2024

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…

Shearwater to Monitor Production at Equinor’s Two Oil and Gas Fields

Mar 13, 2024

Shearwater GeoServices has secured two 4D monitoring projects from Equinor for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea offshore Norway.Shearwater will deploy its Isometrix technology for both surveys…

Tyra Gas Field One Step Closer to Imminent Start-Up

Mar 13, 2024

BlueNord, a partner in the TotalEnergies-operated Tyra natural gas development, has announced that the methanol loading at the redevelopment project has started, with the official restart set for the second half of March.Following the milestone and depending on continued progress…

LLOG Taps ABL for Marine Warranty Services at Salamanca Project in Gulf of Mexico

Mar 12, 2024

Energy and marine consultancy ABL has been awarded a contract by LLOG Exploration to provide marine warranty survey (MWS) services for the subsea development of the Salamanca project in the U.S. Gulf of Mexico.The Salamanca development project…

Blue Water Secures Logistics Deal for Noble Drilling’s Ops in Suriname

Mar 12, 2024

Blue Water Shipping, a global provider of tailor-made transport and logistics solutions, has secured a contract with Noble Drilling for its operations in Suriname, as Noble Voyager drillship embarks on an exploration campaign north of Paramaribo…

Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project

Mar 10, 2024

A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts…

Siem Offshore Secures Contract Extension for Multi-Purpose Support Vessel

Mar 08, 2024

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024…

Bangladesh to Invite Bids for Offshore Oil and Gas Exploration

Mar 05, 2024

Bangladesh will invite international bidding for oil and gas exploration in 24 blocks in the Bay of Bengal on March 10 in an effort to boost domestic energy production, the chairman of state-owned Petrobangla told Reuters on Tuesday.Bangladesh has been battling with energy shortages…

US Offshore Wind: Down but Not Out

Mar 01, 2024

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have…

Oil Rises Almost 2% as Markets Await OPEC+ Decision

Mar 01, 2024

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.Brent LCOc1 futures for May were up $1.43…

New York Awards Equinor and Orsted New Offshore Wind Contracts

Feb 29, 2024

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project…

OPEC+ to Consider Extending Voluntary Oil Output Cuts

Feb 27, 2024

OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place until the end of the year, according to two of them…

Current News

OMSA Announces New Board Members

CEO Says Exxon Mobil Not Trying to Buy Hess

Big Oil Execs Push Back Against Calls for Fast Energy Transition

BIRNS High Amperage Connector Series Debuts

Subscribe for OE Digital E‑News