Industry News


Tokyo Gas Invests in Floating Wind Farm Offshore Portugal

Aug 06, 2024

Tokyo Gas has acquired 21.2% stake in the WindFloat Atlantic floating wind farm, operational offshore Portugal since 2020, joining Ocean Winds and Repsol as partner.The investment marks a new collaboration milestone between Tokyo Gas and Ocean Winds…

Aker BP Hires Oceaneering for IMR Support Services Off Norway

Aug 06, 2024

U.S.-based subsea services and technology firm Oceaneering International has secured an Inspection, Maintenance, and Repair (IMR) support services contract with Aker BP for work on the Norwegian Continental Shelf.The initial contract duration is for three years with two…

BP and Golar LNG Settle Cash Disputes for FLNG Gimi

Aug 06, 2024

BP and Golar LNG have reached a commercial reset agreement for the floating liquefied natural gas (FLNG) vessel Gimi, a core component of BP’s the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal.The Gimi FLNG vessel art of the GTA Phase 1 development…

Eco Wave Power Puts Development of MW-Scale Wave Energy Project in Motion

Aug 05, 2024

Swedish-Israeli company Eco Wave Power has held an official kick-off for the development of 1 MW wave energy project in Portugal.Eco Wave Power’s engineering team and the company’s CEO Inna Braverman have held an official site-visit with APDL (Administração dos Portos do Douro…

Petrobras Confirms Gas Discovery Offshore Colombia

Aug 05, 2024

Petrobras has achieved the main objective of the Uchuva-2 well, confirming the extent of the gas discovery made in the Tayrona block, located offshore Colombia’s Caribbean coast.The achievement confirms the gas discovery made in 2022 with the drilling of the Uchuva-1 well…

Fugro Concludes Four-Year US Offshore Wind Survey

Aug 05, 2024

Fugro has completed four years of continuous survey operations in New Jersey and New York for US-based offshore wind developer Atlantic Shores Offshore Wind.Supporting the site assessment of five projects across three lease areas totaling 1…

ASCO Wraps Up Decom Support Work Off Australia

Aug 05, 2024

Scotland-based logistics and materials management company ASCO has completed a six-figure contract with Onslow Marine Support Base (OMSB) in Western Australia, supporting the offshore decommissioning sector.As part of the contract, ASCO mobilized…

Topside and Jacket for ONE-Dyas’ OW-Powered Gas Platform Sail Away from HSM’s Shipyard

Aug 05, 2024

HSM Offshore Energy has completed the load out the N05-A topside and jacket for ONE-Dyas at its Schiedam yard in the Netherlands, which set sail to its final location to become part of the first electrified gas production platform in the North Sea that runs completely on offshore wind power…

Kent Hooks Multi-Year Start-Up and Commissioning Job for Shell

Aug 05, 2024

Energy services firm Kent has secured a three-year global framework agreement with Shell to provide commissioning and start-up services (CSU) across its various onshore and offshore projects.The contract encompasses a wide range of energy sectors…

Woodside to Buy Ammonia Project on US Gulf Coast for $2.35B

Aug 05, 2024

Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding…

Portuguese Firm Inks Deal for Access to US LNG

Aug 05, 2024

Portuguese oil and gas company Galp has signed a sales and purchase agreement (SPA) with liquefied natural gas (LNG) producer and exporter Cheniere for access to U.S. LNG.The agreement includes a 20-year 0.5 mtpa delivery contingent to FID of…

No Decision Yet on Woodside's Browse Gas Project

Aug 05, 2024

Western Australia's environment regulator said on Monday it expects to release its recommendations on Woodside Energy's Browse gas project in 2025, after a newspaper reported the huge project might be rejected by the regulator.The $20.5 billion…

New Zealand Scraps Green Policies to Boost Economy

Aug 04, 2024

New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters.Since taking power last year, Prime Minister Christopher Luxon's center…

Chevron Earnings Slide as Hess Merger Arbitration Drags On

Aug 02, 2024

Chevron Corp on Friday posted sharply weaker second-quarter earnings and the oil major's CEO discounted the chance to close a $53 billion acquisition of Hess Corp before mid-2025, sending shares down 3%.Shares were off 9% since Wednesday following…

Chevron Departing California for Texas

Aug 02, 2024

U.S. oil company Chevron Corp said on Friday it was replacing several long-standing managers in a reshuffle of senior jobs and that it was moving its headquarters to Houston from San Ramon, Calif.The changes come as the company works to cut costs and renew leadership after a series of setbacks…

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