Offshore Energy News - page 11

West Azeri Platform Marks 1 Billion Barrels Milestone

Dec 29, 2023

West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…

Seas of Change: Ports at the Forefront of Energy Transition

Dec 28, 2023

Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline…

Shell Restarts LNG Loadings from Prelude

Dec 28, 2023

Shell said on Thursday it has resumed loading liquefied natural gas (LNG) cargoes from its Prelude facility offshore Australia following major maintenance.The giant floating LNG production facility located some 475 km (300 miles) off the west…

All Clear for Fincantieri’s Acquisition of Remazel Engineering

Dec 28, 2023

Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri.The anticipated completion of the transaction…

First Gas Starts Flowing into Tango FLNG in Congo

Dec 28, 2023

Italian oil giant Eni has started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters.Gas introduction has been achieved in record time - only twelve months after the final investment decision…

QatarEnergy Picks Up Five-Year Crude Supply Contract with Shell

Dec 28, 2023

Qatari oil and gas company QatarEnergy has announced a five-year crude oil supply agreement with Shell.The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oils to Shell starting in January 2024…

Prysmian Commissions Inter-Array Cable System at French Offshore Wind Farm

Dec 27, 2023

Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…

Capricorn Keeps Fingers Crossed as Sangomar FPSO Departs for Senegal Oil Field

Dec 27, 2023

UK-based oil and gas company Capricorn Energy is keeping its hopes up that Woodside's Sangomar offshore oil project in Senegal will produce the first oil by June 30, 2024, making it eligible for contingent pay of up to $50 million.In December 2020…

US Offshore Wind Poised for 2024 Success After Turbulent 2023

Dec 26, 2023

The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…

UK Approves Grant for First Offshore Solar Project in Indonesia

Dec 26, 2023

Innovate UK’s Energy Catalyst program has awarded a little over $500,000 in grant funding for a project that will seek to develop Indonesia’s first fully offshore floating solar farm.The grant funding was approved for the Solar2Wave project…

Rex’s Akkrake Petroleum Gets In On West Africa Oil Field

Dec 26, 2023

Akkrake Petroleum, a fully-owned subsidiary of Rex International-Monarch Marine Holding joint venture Porto Novo Resources, has signed a production sharing contract for operatorship and working interest in an oil field offshore Benin, West Africa…

Petronas and PTTEP Sign Deals for Oil and Gas Ops Offshore Malaysia

Dec 26, 2023

Malaysia’s Petronas Carigali and Thai PTTEP have signed agreements related to the development of PTTEP-operated oil and gas Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.Petronas and PTTEP signed a memorandum of…

First Output from Venezuela's Dragon Gas Field Expected in Two Years

Dec 25, 2023

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company (NGC) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday…

Deep Wind Offshore Files for Permit for Major Project in Sweden

Dec 25, 2023

Norway-based offshore wind developer Deep Wind Offshore has submitted a permit application for the construction and operation of an offshore wind farm on the south coast of Sweden.The application is for the Olof Skötkonung wind farm in the Gulf of Bothnia…

EnQuest Sells 15% Stake in North Sea Field And FPSO

Dec 25, 2023

UK-based oil firm EnQuest has reached an agreement with Viaro Energy’s subsidiary RockRose to sell a 15% working interest in the Bressay field and the EnQuest Producer floating production, storage and offloading vessel (FPSO), both located in the UK North Sea…

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