Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea.Brent crude futures LCOc1 rose 89 cents…
The Biden administration on Wednesday will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry's impact on an endangered species of whale.The sale will likely be the…
Van Oord has completed the installation of all 50 foundations and inter-array cables for Baltic Eagle offshore wind farm, located offshore Germany.Earlier in 2023, heavy-lift installation vessel Svanen installed the monopiles. The wind turbine…
Solstad Offshore has exercised its option to purchase the construction support vessel (CSV) Normand Tonjer.The vessel was bought from the Norwegian Mpsv for the net amount of $4 million.In 2021, Normand Tonjer was sold to Mpsv for a gross amount…
Hitachi Energy and Petrofac have secured a second project under a $14 billion, multi-year framework agreement with the Dutch-German transmission system operator (TSO) TenneT to expand offshore wind capacity in the North Sea.This second contract is for Nederwiek 1…
The Hollandse Kust Noord offshore wind farm, built by CrossWind, a joint venture between Shell and Eneco, has started operating in the Dutch North Sea.The Hollandse Kust Noord offshore wind farm, located 18.5 kilometers off the coast, became operational on December 20…
Offshore seismic data firm TGS has secured an Ocean Bottom Node (OBN) data acquisition contract in the North Sea.The three-month OBN data acquisition contract is for a repeat customer, according to TGS.The project's acquisition is planned to begin in the second quarter of 2024…
Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…
Dutch lender ING will stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy, the bank's chief executive told Reuters.Investors…
Carl-Antoine Saverys has been named CEO of listed Belgian shipowner Exmar, the company announced Tuesday. Effective January 1, 2024, he will take over from Francis Mottrie who will stay on board as COO.After assuming various roles in the shipping industry…
The U.S. National Transportation Safety Board (NTSB) is recommending new notification alarms and procedures for potential incursions on pipelines and a change to an anchorage off the California coast following a crude oil release in 2021 caused by ship anchors damaging an underwater pipeline…
Offshore services firm Subsea 7 has extended an existing frame agreement with BP for subsea construction, inspection, repair and maintenance (IRM) services across the oil and gas major’s North Sea assets.This is the latest extension since the original frame agreement began in 1998…
Norwegian-registered Hercules Supply has placed an order for a new multipurpose offshore support vessel (MPSV) from Chinese shipyard Fujian Mawei.Slated for delivery on in the fourth quarter of 2025, the newbuild—a Z 4423 MPSV design from Norwegian…
Spanish company BlueFloat Energy has partnered up with Sydney-based Origin Energy to develop a 1.7GW project at Australia’s Hunter offshore wind zone.The partners have already applied for a Feasibility License to develop the project dubbed Eastern Rise…
Mubadala Energy has made a significant gas discovery from the Layaran-1 Exploration well, drilled in South Andaman, offshore North Sumatra in Indonesia.Mubadala Energy is the operator of the South Andaman Gross Split PSC and this is the first deep water well operated by the company…