Offshore Engineer Industry News News - page 7


DNV Supports KEPCO's Project to Bring Offshore Wind Power to South Korea

Mar 16, 2023

DNV said Thursday it was assisting Korea Electric Power Corporation (KEPCO) Research Institute in the development of a long-term offshore power grid plan to deliver renewable offshore wind power to South Korea. The project is scheduled for completion by mid-2025…

Prax Group Set to Acquire Lancaster Oil Field Operator Hurricane Energy

Mar 16, 2023

UK-based Prax Group has reached a deal to acquire Hurricane Energy, the operator of the producing Lancaster oil field, west of Shetland.Hurricane has one asset, the Lancaster oil field, that produces from a single well (“P6”) and riser. As at ERCE…

Exxon Considers Selling Stake in LNG Terminal Offshore Italy

Mar 16, 2023

Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG)…

DOF Secures Long-term Platform Supply Vessel Deal in UK

Mar 16, 2023

Oslo-listed offshore vessel owner DOF has secured a new four-year firm contract for the platform supply vessel Skandi Gamma with UK-focused oil company Ithaca Energy.The contract for the 2011-built PSV also includes two 1-year extension options…

Louisiana's Request to Oversee Carbon Storage Projects Moving Ahead, EPA says

Mar 16, 2023

The U.S. Environmental Protection Agency (EPA) by May should complete a review of Louisiana's request to take on oversight of carbon capture projects, according to a letter to the state, which wants to speed up approvals.Louisiana is seeking to permit and monitor so-called Class VI wells…

Japan: JX Nippon to Buy Offshore Drilling Firm JDC

Mar 16, 2023

JX Nippon Oil & Gas Exploration Corporation has to acquire the entire issued shares of the offshore drilling firm Japan Drilling Co., Ltd. (“JDC”).The company plans to complete the acquisition around the end of April of  2023.'Upon completion of the acquisition…

BW Offshore Wraps Sale of BW Opportunity FPSO

Mar 15, 2023

BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party.The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer…

Golar LNG Buys NFE's Stake in FLNG Hilli

Mar 15, 2023

Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. 'In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash…

Shell Greenlights Development of Dover Offshore Oil Field in U.S. Gulf of Mexico

Mar 15, 2023

Oil major Shell has sanctioned the development of the Dover offshore oil field in the Gulf of Mexico.Shell plans to develop the Dover project as a subsea tieback to the Shell-operated Appomattox offshore production platform, with two production wells produced through a 17…

Offshore Charging and Electric Foiling Vessels to Cut Emissions from Offshore Wind Operations

Mar 15, 2023

The UK-based Offshore Renewable Energy (ORE) Catapult is driving forward decarbonization in the maritime industry after winning two projects in the Clean Maritime Demonstration Competition (CMDC) round 2, funded by the Department for Transport…

Operations and Maintenance Base for World's Largest Offshore Wind Farm Opened at Port of Tyne

Mar 15, 2023

Operations and Maintenance Base for what will be the world's largest offshore wind farm - the Dogger Bank - was officially opened on Tuesday in Port of Tyne.Equinor, a partner in the North Sea wind farm, said that the O&M base would serve as the hub for operations for Dogger Bank Wind Farm…

Offshore Vessel Charging System Passes Harbor Tests

Mar 15, 2023

UK-based marine electrical engineering company MJR Power and Automation on Tuesday announced the successful harbor trials of its platform-mounted automated offshore power and charging system.The offshore power and charging system is designed…

Shell Completes Sale of Baram Delta and SK307 Offshore Blocks to PSEP

Mar 15, 2023

Shell's Malaysian subsidiary Sarawak Shell Berhad has completed the previously announced sale of its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (“PSEP”)…

U.S. Judge Dismisses Lawsuit Challenging Offshore Wind Farm Development Plans

Mar 14, 2023

A federal judge has dismissed a lawsuit filed by New York and New Jersey residents challenging preliminary government plans for offshore wind farm development off the Atlantic coast.U.S. District Judge Dabney Friedrich in Washington, D.C., said [last] Thursday that the U…

Solstad Offshore Offloads Far Sabre AHTS

Mar 14, 2023

Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…

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