Norway's parliament on Tuesday voted in favor of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners.The decision…
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there were still some noteworthy updates related to new contracts, drilling activities, and rig moves.ContractsAfter a bidding…
Palatka, Fla. shipyard St. Johns Ship Building announced it has delivered WINDEA Courageous, the first of three Jones Act compliant crew transfer vessels (CTV) ordered by WINDEA CTV, a partnership between Hornblower Wind and MidOcean Wind.The…
Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits.The snapshot by the largest U.S. oil producer showed operating results could drop to about $8…
Seatrium has issued an announcement confirming its contract for a 1,260MW offshore substation (OSS) platform for Empire Wind 2, valued at more than S$250 million, has been cancelled.Seatrium was awarded two contracts from Empire Offshore Wind LLC for the engineering…
Copenhagen Infrastructure Partners and Avangrid said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid.The project is expected to have five turbines operating at full capacity in early 2024…
European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.'This agreement reflects…
Panama City Fla. based Eastern Shipbuilding Group announced it has been awarded a contract to complete construction of two ultra high-spec 400 class multipurpose support vessels (MPSVs) for Hornbeck Offshore Services (HOS).The newbuilds were originally started by Gulf Island Shipyards in Houma…
CNOOC has announced that the Lufeng Oilfields Phase II Development Project has commenced production.The project is located in the eastern South China Sea, with an average water depth of approximately 136 meters. It consists of the Lufeng 8-1 Oilfield…
On January 1, the Norwegian Petroleum Directorate changed its name to the Norwegian Offshore Directorate.The Norwegian Offshore Directorate's primary objective is to contribute to the greatest possible values for society from the oil and gas…
If the industry has been capturing CO2 for decades, why all the innovation now?CO2 capture technology has been used for around a century in natural gas processing plants to separate out the commercially valuable methane. In the 1970s, that CO2 found purpose in advanced oil recovery…
Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling…
Thai subsea services company Mermaid Maritime has through its subsidiary Mermaid Subsea Oil and Gas Services (MSOGS) secured a loan of up to $10 million for the acquisition of Mermaid Sapphire ROV support vessel.The loan agreement, SinoPac Capital International…
Norwegian shipowner Island Offshore announced it has secured long-term employment for its offshore support vessel Island Condor, commencing in autumn 2024.'This is a fantastic Christmas gift for the company! We have worked purposefully to secure…
Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…