Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…
Renewable energy companies are betting that the leading contender in the race to become Japan's next prime minister, Taro Kono, will unleash changes allowing more market access and a fairer playing field after years of neglect.The 58-year-old…
Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found.Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic…
The UK Oil and Gas Authority (OGA) has announced a £1million ($1,37 million) decarbonization competition for the electrification of offshore oil and gas platforms in the UK North Sea.'The competition is designed to advance the widespread electrification…
Renewable energy company RWE said Thursday it would create an offshore wind operations hub at Grimsby’s Royal Dock, on the UK’s east coast.The new ‘Grimsby Hub’ will expand the existing Triton Knoll offshore wind farm base and will be the home…
Swire Energy Services (SES) has secured a two-year deal with Ørsted to provide helideck services and helicopter refueling system services for Hornsea One offshore wind farm in the UK North Sea.This contract builds on the previous original equipment manufacturer (OEM) contract in 2017…
Danish offshore vessel operator Esvagt, which earlier this week took delivery of a newbuild service operation vessel from Havyard Leirvik, plans to deploy the vessel at an offshore wind farm in the UK.The company said Thursday that the vessel…
Chinese offshore oil and gas company CNOOC said Thursday that a project to power Bohai Bay offshore fields from shore has kicked off operation successfully.'This onshore power project is located in the mid-western Bohai Bay, containing two parts…
UK-based gas company IOG plc has raised gross proceeds of £8.5 million through a placing and subscription and will use the proceeds to extend the Noble Hans Deul jack-up rig contract.The company has placed 33,800,000 new Ordinary Shares at a…
New research from the UK-based Offshore Renewable Energy (ORE) Catapult has found that speeding up work the development of robotics and autonomous systems (RAS) will be 'a significant enabler to reaching Net Zero.'The report highlights that by 2050…
BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post-Hurricane Ida.The company on Sept. 7 said it had resumed operations at its Atlantis and Mad Dog platforms…
A consortium formed by TotalEnergies, Green Investment Group (GIG), and Qair has been pre-selected by the French authorities to take part in an upcoming tender for the development of a floating wind farm of up to 270 MW in Southern Brittany…
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output rose to 1.81 million barrels per day (bpd) in August from 1…
Classification society DNV and the Liberian International Ship & Corporate Registry (LISCR) have awarded an Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering CO. (KSOE) for a new 40,000 CBM liquified CO2 carrier design…
Energy firm Kistos has informed that the TAQA operated P15-D platform in the Dutch North Sea has resumed normal operations, following a planned four-week maintenance shutdown.This has, in turn, has allowed the resumption of gas export from Kistos'…