Offshore Energy News - page 277


Pluto Gas Processing Starts at Australia's North West Shelf, Woodside Says

Mar 31, 2022

Australian oil and gas company Woodside said Wednesday that the processing of gas from the offshore Pluto fields in W. Australia had started ahead of schedule at the North West Shelf Project’s (NWS) Karratha Gas Plant (KGP). 'This accelerated…

TenneT's HKZ Transformer Platforms in Dutch North Sea Hit Major Milestones

Mar 30, 2022

Dutch grid operator TenneT has this week installed the topside of the second offshore transformer platform built to serve Vattenfall's Hollandse Kust Zuid offshore wind farm in the Dutch North Sea.Following the installation of the first transformer platform…

OPEC Chief Encourages OPEC+ to Stay the Course

Mar 30, 2022

OPEC Secretary General Mohammad Barkindo said OPEC+ participants should 'stay the course' regarding the group's decisions, ahead of an OPEC+ meeting on Thursday where the group is expected to stick to its existing deal of gradual output increases…

Shell Filed Appeal Against Landmark Dutch Climate Ruling

Mar 29, 2022

Energy major Shell has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.While Shell had set itself a target to reach net zero carbon neutrality by 2050…

Shell Starts Production from 20,000 boe/d PowerNap Field in U.S. Gulf of Mexico

Mar 29, 2022

Shell has brought online its PowerNap project, a subsea development in the U.S. Gulf of Mexico with an expected production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus tension leg platform (TLP) in the prolific Mars Corridor…

QatarEnergy Buys Into ExxonMobil's North Marakia Offshore Block in Egypt

Mar 29, 2022

Qatari national oil and gas company, QatarEnergy, has agreed with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea…

Offshore Installation Firm Cadeler Returns to Profit as Annual Revenue Triples

Mar 29, 2022

Offshore wind installation company Cadeler said its 2021 revenue had tripled compared to 2020. The Danish firm also said it had returned to profitability.The revenue for 2021 totaled EUR 61 million, an increase of 212% against EUR 19.5 million in 2020…

Oil Plus Nets North Sea Platform Maintenance Deal

Mar 29, 2022

Oilfield consultancy specialist Oil Plus Ltd a contract with a North Sea operator to develop and deliver a proactive topsides maintenance resilience and equipment reliability program, to help enhance operational efficiency on one of its platforms…

Strohm, Petronas Partner Up to Commercialize Thermoplastic Composite Pipes

Mar 29, 2022

Thermoplastic composite pipe (TCP) maker Strohm has signed an agreement with Petronas Technology Ventures (PTVSB) part of the Malaysian oil and gas company Petronas, to commercialise TCP in the industry and scale its utilisation across Petronas facilities…

EU Challenges UK at WTO Over Offshore Wind Subsidies

Mar 29, 2022

The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member's green subsidy scheme.The European Commission, which oversees trade policy for the EU's 27 members, said that criteria…

Oil Up Again on Tight Supply, Steady Demand

Mar 29, 2022

Oil prices rose on Tuesday, recovering some of the previous session's losses as Kazakhstan's supplies continued to be disrupted and major producers showed no sign of being in a hurry to boost output significantly.Brent crude LCOc1 rose $1.54…

Russia Resumes LPG exports from Sea of Azov

Mar 29, 2022

Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb…

Argus Launches a Non-Russian Diesel Cargo Assessment

Mar 29, 2022

Price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said.'The new price will represent fair market value of non-Russian diesel, providing…

Offshore Driller Transocean Buys Stake in Seabed Minerals Exploration Firm

Mar 29, 2022

Transocean, known for its offshore oil and gas drilling rigs services, said Tuesday it had acquired a minority interest in Ocean Minerals Ltd., a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market…

Seaway 7 to Install Inter-array Cables for 900MW German Offshore Wind Farm

Mar 29, 2022

Offshore wind installation company Seaway 7 said Tuesday it had won a 'sizeable' contract with Energie Baden-Württemberg AG (EnBW) for the delivery and installation of inner-array grid cables on its 900MW He Dreiht offshore wind farm project in Germany…

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