Offshore Energy News - page 89


Japan Climate Group Urges More Renewable Energy, Effective Carbon Pricing

Apr 12, 2023

Japanese companies and climate groups called on the nation's government on Wednesday to step up the introduction of renewable energy and quickly adopt carbon pricing to tackle global warming.The Japan Climate Initiative (JCI), an alliance of companies…

World's Deepest Offshore Wind Foundation Installed in Scotland

Apr 12, 2023

Italian energy services firm Saipem has installed what has been described as the world’s deepest offshore wind turbine foundation at Scotland’s largest offshore wind farm – Seagreen.Last Friday, Seaway 7 transported the jacket foundation on…

Wärtsilä to Provide 24/7 Crew for Power Modules on FPSO in Brazil

Apr 12, 2023

Finland-based marine equipment and technology provider Wärtsilä said Wednesday it would operate the power modules onboard an FPSO vessel in Brazil on behalf of the owner 3R Petroleum. The vessel operates in the Papa Terra oilfield offshore Brazil…

Petroecuador Names Ramon Correa as New General Manager

Apr 12, 2023

The board of directors of Ecuador's state-owned oil company Petroecuador on Tuesday named Ramon Correa, an engineer, as general manager following recent management changes in the wake of a corruption investigation.Correa replaces Maria Elisa Soledispa…

Petrofac Expects Wider Loss for 2022 after Portfolio Review

Apr 12, 2023

Petrofac Ltd said on Wednesday it expects to report a wider operating loss of about $150 million to $170 million for 2022, after a review of its portfolio of contracts and contractual and commercial issues revealed increased costs. The oilfield…

Gallery: Third FPSO Arrives in Guyana's Stabroek Block

Apr 11, 2023

Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days…

Wind Energy Market to Exceed 1 TW of Installed Capacity by 2023 End, Wood Mackenzie Says

Apr 11, 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.“After needing more than 40 years to reach one TW of installations…

CIMC Raffles Delivers China's First Semi-submersible Floating Solar Power Platform

Apr 11, 2023

China's CIMC Raffles, best known to Offshore Engineer readers for its offshore drilling rig construction project, has recently launched and delivered China's first semi-submersible offshore floating solar power platform.According to CIMC, the…

Kazakhstan Takes Oil Majors to Arbitration Over Costs

Apr 11, 2023

Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in costs deducted as part of profit-sharing deals, its energy minister said on Tuesday…

Harbour Energy, BP to Develop Viking CCS Project. FID Expected in 2024

Apr 11, 2023

UK-based oil and gas company Harbour Energy and oil major BP on Monday said they had agreed to develop the Viking CCS transportation and storage project in the UK.Harbour continues as operator of Viking CCS with a 60%, with BP acquiring a 40% non-operated share…

BSEE Gears Up for Offshore Wind Oversight

Apr 10, 2023

BSEE Director Kevin Sligh Sr. discusses with Offshore Engineer the myriad of challenges and opportunities ahead as the government agency integrates oversight of the U.S. offshore wind build out, targeting 30GW of offshore wind power by 2030 and another 15GW from floating wind by 2035.

Oil Price Levels Off

Apr 10, 2023

Oil steadied on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers balanced concern about weakening global growth that may dampen fuel demand.Last week crude jumped more than 6% after OPEC+…

Indonesia Auctions Trio of Oil and Gas Blocks

Apr 10, 2023

Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said.Indonesia plans to offer 10 oil and gas working areas this year…

Historic Offshore Worker Strike in UK North Sea to Bring Dozens of Platforms to Standstill, Unite Says

Apr 07, 2023

UK-based workers' union Unite said on Friday said that an 'unprecedented 48-hour major stoppage' would hit the offshore oil sector later this month, with 1350 offshore workers predicted to bring dozens of platforms to a ‘standstill.’The trade…

Airbus Wins Largest Single Order for H160 Helicopters from China's GDAT

Apr 07, 2023

Airbus Helicopters said Friday it had signed a contract with China-based helicopter lessor and operator with GDAT for 50 H160 helicopters. The helicopters will be used notably for the energy sector, including offshore transportation for oil and gas platforms…

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