Industry News


Harsh Weather Offshore LNG Terminal Firm Crown to Merge with Catcha

Aug 03, 2023

Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has agreed to merge with Catcha Investment Corp, a publicly traded special purpose acquisition company, that would result in Crown becoming a U…

Libya: Eni Lifts 2014 Exploration Force Majeure

Aug 03, 2023

Today, Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%…

North Sea Oil Field Receives Regulatory Nod

Aug 03, 2023

Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…

Protesters Drape Home of UK PM Sunak in Black Fabric over Energy Policy

Aug 03, 2023

Greenpeace protesters draped the private home of British Prime Minister Rishi Sunak in black fabric on Thursday, stepping up their campaign against his government's policy on drilling for oil.A picture posted by Greenpeace UK on messaging platform X…

World's Largest Offshore Wind Project Reaches Milestone: First Turbine Installation Underway

Aug 03, 2023

The campaign to install the first of 277 turbines at the world’s largest offshore wind farm - the Dogger Bank Wind Farm in the UK - is underway, SSE Renewables said Thursday.The 260-meter-tall offshore wind turbines – each almost twice the height…

TechnipFMC to Supply Flexible Pipe for Ndungu Project, Offshore Angola

Aug 03, 2023

Oilfield services and equipment provider TechnipFMC said Wednesday it had received a significant award from Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola.For TechnipFMC, a “significant” award is between $75 million and $250 million…

Saudi Arabia and Kuwait Assert Joint Ownership of Offshore Gas Field. Urge Iran to Engage in Talks

Aug 03, 2023

Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.The foreign ministry…

Prime Minister Sunak Defends Britain's Climate Record

Aug 02, 2023

British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…

Have Your Say: Irish Gov't Invites Views on South Coast Offshore Wind Projects

Aug 02, 2023

The Irish government has launched a public information and engagement period seeking the views of local South Coast communities to help determine where future offshore wind energy developments may take place. This follows the publication of…

Norway's Petoro Warns It is Harder to Electrify Oil, Gas Platforms

Aug 02, 2023

Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply.Petoro…

HMDC to Pay $400,000 for 2019 Oil Spill Offshore Canada

Aug 02, 2023

Canadian oil firm Hibernia Management and Development Company Ltd. (HMDC) will pay $400,000 for a 2019 offshore oil spill, the Canada-Newfoundland and Labrador Offshore Petroleum Board said Tuesday.According to C-NLOPB, HMDC has pled guilty…

Close Call at Hibernia Platform: Timber Piece Drops 15 Meters in Lifting Incident

Aug 02, 2023

An incident happened last week that saw a 1.8-kilogram piece of timber fall 15 meters to the deck of an offshore support vessel during lifting operations at HMDC's Hibernia Platform, offshore Canada, in the Atlantic Ocean.Hibernia Management and Development Company Ltd…

Yinson Acquires Atlanta FPSO. First Oil in Mid-2024

Aug 02, 2023

Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…

Wood, Shell in Multi-year Services Deal

Aug 02, 2023

Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…

Shelf Drilling Wins $17M Contract for Offshore Drilling Rig in UK North Sea

Aug 02, 2023

Offshore drilling company Shelf Drilling has won a contract for the Shelf Drilling Fortress jack-up drilling rig with a European subsidiary of the Chinese oil company CNOOC in the UK North Sea.Under the contract, the rig, owned by Shelf Drilling's subsidiary Shelf Drilling North Sea…

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