Offshore Energy News - page 5


Norway to Offer Record Number of Arctic Oil, Gas Exploration Blocks

Jan 24, 2023

Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticized the risk to the environment. The Nordic country…

Portugal to Launch First Offshore Wind Auction, Eyes 10 GW by 2030

Jan 24, 2023

Portugal expects to launch its first offshore wind power auction by the last quarter of this year, aiming to reach 10 gigawatts (GW) of installed capacity by 2030, Prime Minister Antonio Costa said on Monday. As a pre-condition to the auction…

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Jan 24, 2023

Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice…

Rovco Expands Offshore Capabilities with Glomar Supporter Charter

Jan 24, 2023

Rovco, a UK-based subsea robotics and survey firm, has signed a three-year charter with Glomar Offshoreof the multipurpose support vessel, Glomar Supporter.The company said the charter was part of its growth strategy within its site characterizing business unit…

Two Energy Giants, Two Green Projects: One Double-booking in North Sea

Jan 24, 2023

Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…

Capricorn Energy Chair, CEO Step Down from Board

Jan 24, 2023

Capricorn Energy said on Tuesday that Nicoletta Giadrossi has stepped down from the board as chairperson with immediate effect, along with Chief Executive Officer Simon Thomson and three other directors. The British oil and gas producer said James Smith will remain the chief financial officer…

Guyana in Talks with Qatar, UK, UAE and India on Offshore Oil Blocks

Jan 24, 2023

Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday…

Pemex Output Averages 1.856 Million Barrels Per Day in January, President Obrador says

Jan 24, 2023

Mexican state oil company Pemex produced an average of 1.856 million barrels per day in January, President Andres Manuel Lopez Obrador said on Monday, reiterating that production has recovered since he took office in 2018. An energy nationalist…

Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas

Jan 24, 2023

Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties…

Bank Funding for Renewables Stagnates vs Oil and Gas

Jan 23, 2023

The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday.Since 2016 renewable energy has taken 7% of a total $2…

Red Rock Wins Offshore Crane Order in UAE

Jan 23, 2023

Norway-based offshore crane maker Red Rock said Monday it had received an order to deliver a 40t active-heave compensated offshore crane.The crane will be delivered in the first quarter of 2023 from Red Rock's workshop in Poland. After the test…

Spain's Iberdrola Considers U.S. Renewables Stake Sale, Sources say

Jan 23, 2023

Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed…

Gascade and Fluxys Step Up Plans for North Sea Hydrogen Pipeline

Jan 23, 2023

Pipeline operators Gascade and Fluxys are stepping up the pace on plans for a green hydrogen pipeline in the North Sea by applying to the European Commission to qualify for fast-track approvals and funding, they said on Monday. Germany and the…

Ørsted, Siemens Gamesa Charges Highlight Offshore Wind Callenges

Jan 23, 2023

Charges unveiled by two offshore wind sector leaders highlight the challenges the fast-growing renewables industry is facing, ranging from quality issues to cost inflation, that are hitting profit outlooks. Denmark's Ørsted, the world's No. 1 offshore wind farm developer…

Update: UK North Sea Oil Worker Goes Missing from Drilling Rig, Search Stood Down

Jan 23, 2023

An offshore oil worker went missing from a drilling rig in the UK North Sea, 100 miles southeast of the Aberdeen coast, on Sunday.The BBC reported Monday that a search and rescue operation had been launched after an alarm was raised at around 9 p…

Current News

Capricorn to Review Business after Shareholders Back New Directors

OMV Petrom's Neptun Deep Gas Project 'Closer than ever', CEO says

Ørsted Concerned by 'negative bidding' for German Offshore Wind

Roc Oil Books Velesto Jack-up Rig

Subscribe for OE Digital E‑News