Industry News


Shell Makes FID for Deepwater Oil Project Off Nigeria

Dec 16, 2024

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell, has made a final investment decision (FID) on Bonga North, a deepwater project off the coast of Nigeria.Bonga North will be a subsea tie-back to the Shell…

QatarEnergy Takes Share of Chevron-Operated Block Offshore Namibia

Dec 16, 2024

QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron, to acquire a working interest in an oil and gas block offshore Namibia.Pursuant to the agreement, QatarEnergy will acquire a 27…

Australia Declares Sixth Offshore Wind Zone

Dec 15, 2024

The Australian Government has declared a new offshore wind zone in Bass Strait, north of Tasmania.Tasmania has some of the best wind resources in the world. Bass Strait has been named as one of the top options for offshore wind energy generation…

Sweden: New Offshore Wind not Commercially Viable

Dec 13, 2024

Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked with reviewing and speeding up the system for authorizing new wind parks said on Friday.The commission recommended that…

Technip FMC, Saipem Good to Go for UK’s CCS Projects Work

Dec 13, 2024

Saipem and TechnipFMC, under two separate contracts, have secured notices to proceed with the development of Northern Endurance Partnership (NEP) carbon capture and storage (CCS) projects in the U.K.Saipem secured final award for the two projects…

Australian Operator Retains EnerMech’s Crane Maintenance Services

Dec 13, 2024

EnerMech has secured a multi-million-dollar contract renewal to deliver its crane maintenance and integrity services across six assets for an operator in North West Australia.Having supported the E&P organization since 2019, EnerMech’s team…

Nexif Ratch Energy’s 500MW Offshore Wind Farm in Philippines Gets Gov Backing

Dec 13, 2024

Nexif Ratch Energy’s San Miguel Bay offshore wind project in the Philippines has been granted the Certificate of Energy Project of National Significance (CEPNS) by the country’s energy department.The 500 MW offshore wind project, located in San Miguel Bay…

Iberdrola Sells Share of Windanker Offshore Wind Farm to Kansai

Dec 13, 2024

Japan’s Kansai Electric Power has signed  a share purchase agreement with Iberdrola to take part of 315 MW Windanker offshore wind project, being built in the German Baltic Sea.The Japanese electric company will co-invest in the asset through its subsidiary Windanker Investco…

Inpex Joins Norway’s Trudvang CCS Project

Dec 13, 2024

Japan’s top oil and gas producer Inpex has joined Trudvang carbon capture and storage (CCS) project offshore Norway, by acquiring 30% of Sval Energi’s 40% share in the scheme.Trudvang CCS is a large-scale CCS project that aims to cumulatively…

Aker BP Bites Dust Offshore Norway

Dec 13, 2024

Aker BP and its partners have drilled a wildcat well in the northern part of the North Sea, which proved to be dry.The well 34/6-7 S was drilled with Odfjell Drilling’s Deepsea Nordkapp semi-submersible rig, about 40 kilometres north of the Visund field…

Vestas Signs Turbine Supply Deal for 1.1GW Scottish Offshore Wind Farm

Dec 13, 2024

Vestas has secured a firm and unconditional order for the 1.1 GW Inch Cape offshore wind project in Scotland from Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables.The agreement is for the supply, installation…

Canadian Oil Firm Looks for Ways to Keep Guyana’s Offshore Block

Dec 13, 2024

Toronto-listed Frontera Energy and partner CGX Energy are seeking alternatives to resolve a dispute with Guyana over rights to retain an offshore block where they found oil, but should they fail to reach an agreement, the matter is set to go to an arbitration court…

Kosmos Energy Eyes Tullow Oil Acquisition

Dec 13, 2024

U.S. oil and gas company Kosmos Energy said on Thursday it was in early talks for an all-share acquisition of West Africa-focused Tullow Oil.Earlier in the day, Tullow addressed recent media speculation by announcing that there is no certainty…

US Driller Seeks Court to Block Demands for $250M Decom Collateral

Dec 13, 2024

W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.The offshore drilling…

Woodside’s North West Shelf Project Gets Australian Gov’s Approval

Dec 12, 2024

The Western Australian Government has issued an environmental approval to Woodside and the North West Shelf joint venture for extension of the project.After six years of assessment and appeals, this is a critical step in the approvals process…

Current News

Equinor Renews Subsea Inspection Deal with Subsea 7

Saipem Gets DNV Certification for Offshore Asset Lifecycle Management

Archer to Remain North Sea Drilling and Maintenance Duty for Aker BP

Tekmar Secures Over $9M Offshore Wind Cable Protection Deal

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