Energy News


Thai Beach Declared Disaster Area after Offshore Oil Spill

Jan 31, 2022

A beach in eastern Thailand was declared a disaster area on Saturday as oil leaking from an underwater pipeline in the Gulf of Thailand continued to wash ashore and blacken the sand.The leak from the pipeline owned by Star Petroleum Refining…

Total Sells 20% in West of Shetland Fields to Kistos

Jan 31, 2022

French oil and gas major TotalEnergies has agreed to sell to Kistos Energy a 20% interest in the Greater Laggan Area fields and in the Shetland Gas Plant in the UK, as well as interests in several nearby exploration licenses.Kistos will pay a firm consideration of $125 million…

Chevron Reviewing Court Decision that Blocked Gulf of Mexico Lease Sale

Jan 31, 2022

Chevron Corp is reviewing a federal judge decision that invalidated the results of an oil and gas lease sale in the Gulf of Mexico [last] Thursday, saying the Biden administration failed to properly account for the auction's climate change impact…

Saipem Issues Profit Warning as Costs and Pandemic Hit Margins

Jan 31, 2022

Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…

Equinor's Hammerfest LNG Plant Extends Outage

Jan 31, 2022

Norway's Hammerfest LNG plant faces a further delay before restarting production following a fire in 2020, Equinor and Norwegian gas system manager Gassco said on Monday.The plant, operated by Equinor, is now expected to resume output on May 17…

PGS Nets 4D Survey Gig in Gulf of Mexico

Jan 31, 2022

Norwegian marine seismic survey company PGS said Monday it had won a contract for a 4D survey in the Gulf of Mexico.PGS said it would use a Ramform Titan-class vessel for the project. The survey is expected to begin late February and en in late March…

Report: Red Willow Offshore Offering Stakes in Six U.S. Gulf of Mexico Oilfields

Jan 31, 2022

Red Willow Offshore LLC, a closely-held U.S. oil and gas producer, is marketing its interest in six non-operated U.S. Gulf of Mexico oilfields that it has valued at over $130 million, two people familiar with the matter told Reuters on Friday…

James Fisher Launches Decommissioning Business Line JF Decom

Jan 28, 2022

Marine and offshore services firm James Fisher has this week launched its new business line James Fisher Decommissioning (JF Decom).The company said that the newly formed division would support the decommissioning needs of customers in the renewables…

Oil Workers Race to Protect Beaches from Spill Offshore Thailand

Jan 28, 2022

Hundreds of workers set up oil barriers along beach fronts in Thailand's eastern Rayong province on Friday as authorities raced to limit the environmental damage from gallons of oil that leaked from an underwater pipeline earlier this week.The…

Finland Grants First Research Permits for Offshore Wind Projects in its EEZ

Jan 28, 2022

Finland's government has earlier this month granted research permits for three offshore wind power projects in Finland’s exclusive economic zone. Wpd Finland Oy was granted a permit for the research area west of Jakobstad. OX2 Finland Oy received…

Doosan Unveils 8MW Offshore Wind Turbine, South Korea's Largest

Jan 28, 2022

Doosan Heavy Industries & Construction has unveiled South Korea's largest offshore wind turbine, a 232.5 meters tall giant with a capacity of 8MW.Doosan said Thursday it had completed the implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center…

Schlumberger Secures Work at Northern Lights Carbon Capture Project

Jan 28, 2022

Oilfield services giant Schlumberger will deploy its DELFI cognitive E&P environment on the Norwegian carbon capture and storage project Northern Lights.The Northern Lights project is operated by the namesake joint venture, owned by Equinor…

Shell's Head of Renewables Steps Down

Jan 28, 2022

Shell's head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.Brinton, who joined Shell in 2018…

RWE Signs Deal to Build Thor, Denmark's Largest Offshore Wind Farm

Jan 28, 2022

German renewable energy giant RWE has this week signed a 30-year concession agreement with the Danish Energy Agency (Energistyrelsen) for the rights to build and operate Denmark's largest offshore wind farm to date, the 1GW Thor. The wind farm…

Wave Energy Device for Subsea Oilfield Assets Arrives in Orkney for EMEC Demo

Jan 28, 2022

AWS Ocean Energy's wave energy converter, designed for remote power applications such as powering subsea oilfield assets, has arrived in Orkney ahead of its imminent deployment at the European Marine Energy Centre (EMEC). The 16 kW Archimedes Waveswing arrived at Hatston Pier…

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