Latest News - page 269


Gas Production Starts in Argo Cassiopea field, says Eni

Aug 19, 2024

Eni reports it started gas production from the Argo Cassiopea field, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily. Once captured, the gas is transported through a 60 km subsea pipeline to the Gela processing plant…

Crowley Breaks Ground on Salem Offshore Wind Terminal

Aug 19, 2024

A ceremonial groundbreaking ceremony was held to signal the start of construction at the Salem Offshore Wind Terminal in Massachusetts.The Crowley Wind Services-led project involves transforming a former oil- and coal-fired power plant into Massachusetts’ second wind port…

DOF Subsea CEO: Contract extension for "most sophisticated vessel in our fleet"

Aug 19, 2024

DOF Subsea announced an agreement for the extension for the vessel Skandi Africa. The new commitment will now run until May 2028 and will commence in direct continuation with the current commitment.Skandi Africa is a high-end subsea vessel designed…

Environmental Group Backs Out of Scarborough Litigation

Aug 19, 2024

Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the ACF’s challenge to a primary environmental approval for Woodside’s Scarborough Energy Project.The Scarborough Energy Project has all primary environmental approvals in place and offshore work is progressing well…

"We have had a well control incident at Gullfaks C" says Equinor

Aug 18, 2024

Norway's Equinor shut down production at its Gullfaks C platform in the North Sea on Sunday and evacuated some workers as a precaution following a well incident, a company spokesman said.'We have had a well control incident at Gullfaks C,' said a company spokesperson…

Start-Up Aims for Free-Range Wind Farms via Sailing Vessels

Aug 18, 2024

British startup DRIFT Energy has closed a seed funding round for making green energy at sea using hi-tech sailing vessels.Led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, and with support from Blue Action Accelerator…

New Project Marks Tipping Point for Subsea Electrification

Aug 18, 2024

OneSubsea™, an SLB joint venture, recently announced a contract award for its all-electric subsea production system, and John Macleod, vice president of technology and strategy at SLB OneSubsea, sees it as the onset of a tipping point.“Large…

Esgian Week 33 Report: New Contracts in North Sea, Nigeria

Aug 18, 2024

Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…

Ultra-High Pressure Oil Wells Could Unleash another 2B Barrels from GOM

Aug 18, 2024

U.S. energy firms last week cut oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week to Aug…

Poland Calls Nord Stream Attack Insinuations 'Groundless'

Aug 18, 2024

Suggestions that Ukrainian authorities supported by Poland were behind planning and executing the sabotage attack on Nord Stream gas pipelines in 2022 are groundless, the Polish president's aide said on Sunday.Germany's former intelligence chief…

GOM Floating Production Vessel gets Award-Winning Mooring Tech

Aug 16, 2024

Bardex completed its phase of floating production system (FPS) for the Shenandoah project: delivering its Off Vessel Tensioning (OVT) BarLatch mooring system. When installed, the FPS will be located in the deepwater Gulf of Mexico at more than 1800 m water depth…

Oil Price Drops on China Worries

Aug 16, 2024

Oil prices fell about 2% on Friday and were set to end the week around the same levels as last, with Brent crude just below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China.Brent crude futures LCOc1 fell by $1…

Libya's Waha Oilfield Resumes

Aug 16, 2024

Maintenance on the Zaggut-Sidra pipeline linking Libya's Waha oilfield to the port of Es-Sider has been completed and flows have resumed, Waha Oil Company said on Friday. Oil production from the field is expected to return to normal levels in the coming hours…

A Look Inside the East Asia & Pacific Offshore Wind Markets

Aug 16, 2024

Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and…

China’s First Offshore Wind Power SOVs Delivered

Aug 16, 2024

AUGUST 16, 2024 - Today, the first two China-built offshore wind power SOVs (Service Operation Vessels) ZHI ZHEN 100 and ZHI CHENG 60 was held in Qidong, China. The two SOVs were delivered by Shanghai Zhenhua Heavy Industries Co., Ltd. to Shanghai Electric Wind Power Group Co…

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