Offshore Europe News - page 165


Finland Receives LNG Cargo, Books More for the Winter

Nov 06, 2023

A tanker carrying liquefied natural gas (LNG) docked at Finland's Inkoo terminal on Sunday and has begun unloading, energy company Gasum said on Monday, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.The Arctic Princess…

UK to Legislate for Annual North Sea Oil and Gas Licence Rounds

Nov 06, 2023

The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says would create certainty for the industry during a transition to greener energy.In July the government…

Cyprus Responds to Chevron Extension Sought over Aphrodite Gas

Nov 06, 2023

Cyprus has responded to a request from international energy companies led by Chevron for an extension in talks over a modified development plan for its Aphrodite offshore gas field, its energy minister said on Monday.Talks to bridge a rift over pared-back plans for the 3…

Second Gas Cargo Heads to Finland's LNG Terminal After Pipeline Rupture

Nov 03, 2023

A tanker carrying Norwegian liquefied natural gas (LNG) is set to arrive at Finland's Inkoo terminal overnight, vessel tracking data showed on Friday, making it the second cargo since the Oct. 8 outage of a Finnish-Estonian gas pipeline.The Arctic Princess…

Repsol Sinopec Resources UK Changes Name

Nov 03, 2023

Repsol Sinopec Resources UK Limited, an oil and gas exploration and production company operating in the North Sea, said this week that the company would be renamed Repsol Resources UK.'On 28th April 2023 it was announced that a settlement and…

Deutsche Telekom's PASM Signs Deal with EnBW for Offshore Wind Power Purchase

Nov 03, 2023

Deutsche Telekom's subsidiary Power and Air Condition Solution Management (PASM), has signed a long-term power purchase agreement (PPA) with the German energy firm EnBW for power from the 960 megawatt (MW) He  Dreiht offshore wind farm. Under the PPA with EnBW…

S&P Indicates It Could Cut Orsted's Credit Rating After Losses

Nov 03, 2023

Credit rating agency S&P said on Thursday it had placed Danish renewable energy firm Orsted on review for a possible debt downgrade due to the company's massive losses on projects in the United States.The world's largest offshore wind developer on Wednesday said it had halted plans for two U…

Equinor Discovers Oil and Gas in North Sea Offshore Norway

Nov 03, 2023

Norway's Equinor has discovered oil and gas four kilometers west of the Oseberg field in the North Sea in two separate formations, the Norwegian Petroleum Directorate said on Friday.The combined volume of crude and natural gas in the Eiriksson and Cook formations was estimated at between 2…

Two Massive Floating Wind Farms Planned to Power North Sea Oil Platforms

Nov 02, 2023

Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s…

Steel Cutting Ceremony Held in Thailand for Norway-bound Offshore Platform

Nov 02, 2023

Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…

Åland Energy Island Project Unveiled by CIP, Lhyfe, and Flexens

Nov 02, 2023

Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and 'other local anchored value-creating activities on Åland…

Technip Energies Meets Q3 Result Expectations Despite Russian-exit

Nov 02, 2023

France's Technip Energies on Thursday reported a lower but still slightly better-than-expected third-quarter revenue, supported by project deliveries and growth in order backlog despite Russian-exit headwinds. The energy infrastructure firm posted adjusted revenue of 1…

Shell Reports $6.2B Third-quarter Profit, Boosts Buybacks

Nov 02, 2023

Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…

Greece Plans First Offshore Wind Farms to Reduce Fossil Fuel Dependence

Nov 01, 2023

Greece on Tuesday moved toward building its first offshore wind farms, identifying areas for private development in a draft plan that the conservative government hopes will lessen the country's dependence on fossil fuels.The Mediterranean country…

Portugal Launches Initial Phase of Offshore Wind Auction

Nov 01, 2023

Portugal has kicked off the preparatory process for its first auction of licenses to build wind farms off the Atlantic coast by inviting companies to present non-binding declarations of interest by Nov. 14.The environment ministry said in a…

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