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Ocean Infinity Buys 10 New eWROVs In Saab Seaeye's Largest Ever ROV Order

Nov 15, 2021

Saab Seaeaye, a company building underwater remotely operated vehicles, has agreed to sell 10 of its newly launched electric work remotely operated vehicles (eWROV), including further options, to marine robotics company, Ocean Infinity.'The…

ADIPEC: We Cannot Simply Unplug from Oil & Gas, ADNOC CEO Says

Nov 15, 2021

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not 'simply unplug' from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand…

Norway October Trade Surplus at Record High as Gas Sales Soar

Nov 15, 2021

Norway's trade surplus rose to a record high in October as revenues from its offshore petroleum fields soared, led by a spike in the price of natural gas, national statistics agency (SSB) data showed on Monday.The October surplus hit 84.5 billion Norwegian crowns ($9…

Lime Petroleum Joins Norwegian CCS Project

Nov 12, 2021

Oil firm Rex International's subsidiary Lime Petroleum has entered into an agreement with Nautilus Carbon Services AS to participate in the first phase of a larger project involving several other joint-industry project partners, which aims to…

Tullow, PetroSA Pre-empt Kosmos, Oxy Offshore Deal in Ghana

Nov 12, 2021

Oil and gas companies Tullow Oil and PetroSA have decided to pre-empt the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields offshore Ghana to Kosmos Energy, as announced in October.This doesn’t mean Kosmos will not increase its interests in the said fields…

Empyrean, COSL Pen Drilling Contract for Jade Well in China. Spud Date Set for Late December

Nov 12, 2021

Empyrean, an oil and gas firm preparing to drill its 'world-class' Jade prospect offshore China, has executed the final integrated drilling contract with the Chinese offshore drilling company COSL.The parties had previously agreed on technical…

Tennet: Jacket Installed for Hollandse Kust (north) Offshore Transformer Platform

Nov 12, 2021

The jacket for TenneT's Hollandse Kust (North) offshore wind substation has been installed off the coast of the Netherlands.The next step for this offshore power station is that the ready-made topside containing the transformers will be placed on the jacket in May 2022…

Africa's Sights Set on Oil and Gas Haul Despite Global Shift

Nov 12, 2021

Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this week in the face of pressure to end fossil fuel extraction to curb global warming.Officials…

Sif, Smulders to Build Monopiles and Transition Pieces for Dogger Bank C

Nov 12, 2021

Sif Netherlands and Smulders will build all 87 monopiles and transition pieces for the third phase of the Dogger Bank wind farm located in the North Sea off the North East coast of England.After the award in November 2020 of contracts for Dogger Bank A and B…

Solstad Offshore Sells Platform Supplier

Nov 12, 2021

Norwegian offshore vessel owner Solstad Offshore is continuing with divestments of non-core vessels and has now sold the Rem Provider platform supply vessel.The vessel, built in 2007, was sold by Solstad Offshore's subsidiary Solstad Rederi…

Ørsted Signs Loan Deal with NIB for Dutch Offshore Wind Farm Project

Nov 12, 2021

Denmark-based offshore wind developer Ørsted has signed a 175 million euros (around $200 million) eight-year loan deal with the Nordic Investment Bank (NIB) with the proceeds to be used for the financing of its investment in the Borssele 1 & 2 Offshore wind farm in the Netherlands…

Crown Estate Eyes 4GW of Floating Wind Power in Celtic Sea

Nov 12, 2021

The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…

Chevron, Partners to Fork Out for Carbon Offsets for Gorgon LNG Carbon Capture Shortfall

Nov 12, 2021

Chevron Corp and its partners in the Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS)…

Mainstream Secures Investment Decision for Vietnam Offshore Wind Project

Nov 12, 2021

Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang in Vietnam for a 200 MW phase of a 1.4 GW offshore wind project.The project is anticipated to reach a financial close in 2022…

Improved Dayrates: GMS Scores Extensions for Two Jack-ups

Nov 12, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…

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