Higher shipbuilding costs are contributing to greater overall project costs in the U.S. offshore wind industry, according to maritime and offshore consultancy Intelatus Global Partners.The United States will rely on a large fleet of foreign…
Aberdeen-based Balmoral has unveiled a new scour protection system that integrates seabed protection and flow reduction to minimize operational costs and potential cable failure in the offshore wind industry.The new HexDefence structure eliminates the requirement to dump rock…
Classification society ABS announced it has launched a new set of requirements to guide the burgeoning maritime aspects of the space flight industry in the safe design and construction of offshore assets.The new requirements, launched this week…
After his first year on the job, Bureau of Safety and Environmental Enforcement (BSEE) Director Kevin Sligh Sr. discusses with Offshore Engineer the myriad challenges and opportunities ahead for offshore energy development in the U.S. While…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - are minting cash from booming oil and gas operations, but are splitting over what to do next.The pair on Friday posted first-quarter results that topped Wall Street forecasts as earnings soared…
The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any 'big shocks' on the energy markets this year.'European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations…
A noticeable recovery in the West African offshore floating rig market (semisubmersibles and drillships) has been slower to arrive than the other two points of the Golden Triangle – Brazil and the US Gulf of Mexico – but now appears to be well underway…
Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment…
After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.Some companies, including Exxon Mobil Corp, have been dumping assets in the Gulf…
Officials of the Port of Taichung (TIPC) in Taiwan have held a ground-breaking ceremony for the start of construction on Wharf Nos. 37 and 38 which will provide supporting infrastructure to the nation’s offshore wind industry.When completed…
Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras's request to drill a well in the mouth of the Amazon River Basin, documents seen by Reuters showed on Friday.Signed last week by several environmental analysts from Ibama…
BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.The Browse project…
Floatel International, a company providing offshore accommodation rigs to oil and gas companies, said Friday it had won a contract with the Norwegian oil company Aker BP.The contract is for modifications and maintenance activities related to the Skarv FPSO unit…
Nigerian oil company NNPC Limited said this week it had signed a Memorandum of Understanding (MoU) with the Norwegian company Golar LNG (GLNG) to build a floating liquified natural gas unit in Nigeria.Mallam Mele Kyari, Group CEO NNPC Limited…
Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…