Germany has secured a power link to a planned offshore wind hub in the Danish part of the Baltic Sea that will help reduce energy dependence on Russia, Denmark's energy ministry said on Monday.The planned energy hub on the island of Bornholm…
Malaysia's Handal Energy said that its Handal Cranes subsidiary had received two letters of award from Petronas Carigali (“PCSB”).The LOAs are in relation to the companies' master service agreement for lifting equipment operation and maintenance services…
French seismic data firm CGG's subsidiary Sercel has sold the second batch of 12,000 GPR300 seabed nodes to China's BGP, following BGP's earlier major order of 18,000 GPR300 nodes in 2021. 'This represents a significant increase in the seismic…
Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture…
Subsea services and technology specialist Oceaneering said Monday that its Freedom AUV, has achieved Technology Readiness Level 6 on a 1-9 scale.Oceaneering said that its Freedom, a hybrid AUV/ROV system, is the result of a long-term collaborative relationship between Oceaneering…
Asian spot liquefied natural gas (LNG) hit a fresh record high [last week] as South Korean and Japanese buyers restocked for the winter and a planned outage at the Nord Stream 1 pipeline next week pushed up European demand.The average LNG price…
A Texas oil company agreed to plead guilty to criminal negligence charges and pay nearly $13 million for a crude oil spill that killed wildlife and fouled southern California beaches, federal prosecutors said on Friday. Amplify Energy Corp repeatedly…
Norway's Equinor is considering selling a 28% stake in the Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed. The company has hired U…
Brazilian oil company PetroRio said Thursday that production from the Frade offshore field in Brazil had resumed.The news comes after the company said on August 15 that it had interrupted production in the Frade field due to an inert gas line…
On January 7, 2021, the dry bulk carrier Ocean Princess struck the uncrewed/out-of-service oil and gas production platform SP-83A while operating 24 miles south of Pilottown, Louisiana. Now, some 19 months later, the National Transportation…
Brazilian oil company Enauta is having difficulties with fully restoring output from the Atlanta field in the Santos Basin offshore Brazil, but still expects the production to reach normal levels by September.Earlier this month, Enauta said…
Chinese offshore oil and gas major CNOOC expects its annual domestic crude oil production to reach 1.2 million barrels per day by 2025, 28% above its current level.The targeted output compares to first-half production offshore China in 2022 of 169…
Japan's JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG), a spokesperson for the country's biggest power generator said on Friday.Russian…
Renewable infrastructure fund Greencoat UK Wind plc has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm in the UK.The deal was first announced on May 16, 2022, when Greencoat said it would buy the 12.5% stake in…
Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in Ukraine, will curtail its gas exports significantly next month due to heavy maintenance activity, with some work deferred from earlier this year…