Industry News


US Approves Orsted's Sunrise Wind Offshore Wind Farm

Mar 26, 2024

The Biden administration on Tuesday gave final approval to Orsted and Eversource's Sunrise Wind offshore wind facility, which is expected to provide power to more than 320,000 homes in New York.The announcement was the latest positive development for the project…

Offshore Wind Market Improving After Price Reset, Says EDP

Mar 26, 2024

The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday.Many…

Nebula Energy’s AG&P LNG Secures 20-Year LNG Terminal Deal in Indonesia

Mar 26, 2024

AG&P LNG, majority-owned by Nebula Energy, has through its subsidiary PT AGP Indonesia Utama and partners secured a 20-year contract from PLN Energi Primer Indonesia (PLN EPI) for co-development, ownership and operations of LNG import terminals in Sulawesi-Maluku Power Cluster…

Norway Greenlights Aker BP’s Exploration Drilling Campaign

Mar 26, 2024

The Norwegian Offshore Directorate has granted a drilling permit to Aker BP for a wildcat well in the North Sea, which will be drilled using Noble Corporation’s Noble Integrator jack-up rig.The permit is for 24/6-5 exploration well in the North Sea at the Alvheim Deep prospect…

Enauta Sells 20% Stake in Atlanta and Oliva Fields in $300M Deal

Mar 26, 2024

Oil and gas company Enauta has signed a purchase and sale agreement with affiliates of Westlawn Americas Offshore (WAO), which will acquire 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, offshore Brazil…

Petronas Books Three Velesto’s Jack-Up Rigs

Mar 26, 2024

Petronas Carigali (PCSB), a subsidiary of Malaysian state-owned energy company Petronas, has booked three jack-up rigs from Velesto for drilling operations off the coast of Malaysia.The contract with Petrobras is for three Velesto’s jack-ups – Naga 2…

Enshore Subsea Welcomes Back World’s Most Powerful Subsea Trencher

Mar 26, 2024

Enshore Subsea has taken delivery of the 170 tonnes, 2200kW, T3200 subsea trencher, which is currently undergoing complete refurbishment at the firm's Blyth workshop ahead of planned series of projects.The T3200, built in 2009 for Enshore Subsea’s original parent company DeepOcean…

TWP Hires Ramboll for Offshore Wind Foundations Design

Mar 26, 2024

Thistle Wind Partners (TWP), a consortium involving DEME, Qair, and Aspiravi, has awarded Ramboll the contract for pre-FEED (Front-End Engineering Design) of the foundations for its Bowdun project.Ramboll, a global engineering and consultancy company…

Blue Water Gets Yinson’s Contract for Agogo FPSO Modules Transportation

Mar 26, 2024

Blue Water has secured a substantial logistics contract with Yinson Production to oversee the transportation of the topside modules for the Agogo FPSO, which will be deployed on Azule Energy’s development offshore Angola.The Agogo floating storage…

Seaway7 Extends Rotterdam Port Deal with Rhenus Port Logistics

Mar 25, 2024

Seaway7 has inked a 10-year extension with Rhenus Port Logistics with Rhenus Port Logistics in Rotterdam.'The location of the Rhenus terminal so close to the North Sea is incomparable and provides Seaway7 with the needed flexibility. We are…

Verlume and SeaTwirl Ink MoU

Mar 25, 2024

UK-based offshore intelligent energy management and energy storage specialist firm Verlume reports it has signed a memorandum of understanding (MOU with Swedish energy-tech company SeaTwirl to collaborate around electrification of offshore assets and decarbonization of the oil and gas industry…

BOEM Announces Review of Proposed Vineyard Northeast Project

Mar 24, 2024

The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point.  BOEM estimates the proposed project would generate up to 2…

US Revises Tax Credit Rule to Help Offshore Wind Projects

Mar 24, 2024

The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment.The revision…

Woodside Seeks Better Terms to Develop Trinidad's Calypso Gas Project

Mar 24, 2024

Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deepwater natural gas project there, CEO Meg O'Neill told Reuters this week.The Caribbean…

Leaky Platforms: Pemex Knocked for Delayed Repairs, "Vast" Methane Leaks

Mar 22, 2024

Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure.New data…

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ABL Secures Work at Egypt’s Kamose Gas Field

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