Offshore Regions News - page 9


AG&P LNG Grabs Stake in $500M LNG Terminal in South Vietnam

Mar 08, 2024

AG&P LNG, a subsidiary of Nebula Energy, has acquired a 49% stake in fully constructed Cai Mep LNG terminal located in Vũng Tàu district in South Vietnam.The Cai Mep LNG terminal was developed by Hai Linh Company, a prominent petroleum product import terminal and trader in Vietnam…

Chevron's CEO Faces Challenges of a Lifetime with Hess Bid

Mar 08, 2024

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.On Wednesday…

Vard to Deliver Tailor-Made Offshore Wind CSOV for Norwind Offshore

Mar 08, 2024

Norwegian shipbuilder Vard has secured a contract for the design and construction of one tailor-made offshore wind commissioning service operation vessel (CSOV) for Norwind Offshore, with options for two additional vessels.Vard signed the contract with Navigare Capital Partners…

TDI-Brooks' Retrofitted Vessel Arrives to US for Offshore Wind Work

Mar 08, 2024

TDI-Brooks' latest dynamic positioning vessel, the RV Nautilus, has reached the shores of the East Coast of the United States ahead of work for offshore wind sector.After undergoing a six-month retrofit in Las Palmas, the 2000-built vessel will…

Siem Offshore Secures Contract Extension for Multi-Purpose Support Vessel

Mar 08, 2024

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024…

Decom Engineering Enters Australia with Triple Contract Win

Mar 08, 2024

Northern Ireland-based Decom Engineering has secured three decommissioning contracts worth over $635,000, marking its entry to the Australian decommissioning sector and strengthening its position in the Asia Pacific region.The decommissioning…

Hibiscus South Comes Onstream Five Months After Discovery Offshore Gabon

Mar 08, 2024

Oil and gas company BW Energy has started production from the DHBSM-1H well in the Hibiscus South field on the Dussafu license, offshore Gabon, five months after making the initial discovery.Production performance from the well has been in line…

CNOOC Finds Oil in South China Sea Deepwater Field

Mar 08, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made a major oilfield discovery in deepwater area of South China Sea, named Kaiping South, adding over 100 million tons of oil equivalent proved in-place volume.The Kaiping South Oilfield is located in the eastern South China Sea…

Eni Makes Major Discovery Offshore Côte d'Ivoire

Mar 08, 2024

Italian energy giant Eni has made a significant oil and gas discovery in block CI-205, offshore Côte d'Ivoire, in West Africa.The discovery, named Calao, stands as the second largest in the country, following the Baleine field discovered by Eni in September 2021…

Hess Says Reviewing Timeline for Closing of Chevron Deal

Mar 07, 2024

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…

Enersea Designs CCS Support Frame for North Sea Project

Mar 07, 2024

Dutch company Enersea has designed a support frame for carbon capture and storage (CCS) project in the North Sea.According to Enersea, the support frame enables the connection between an existing jacket and a new CCS topsideGoal of this project…

UK Allocates Close to $1.3B for Next Renewable Energy Auction

Mar 07, 2024

The U.K. government has approved $1.27 billion for the next contracts for difference (Cfd) auction round, which is the biggest ever funding boost for its flagship renewables support scheme.The budget for the sixth CfD allocation round signals…

Iberdrola Bids $2.5B for Remaining Stake in US Subsidiary

Mar 07, 2024

Spanish utility Iberdrola said on Thursday it is launching a bid to acquire the remaining 18.4% stake in its U.S. subsidiary Avangrid that it does not hold in a deal that would amount to about $2.49 billion.Iberdrola said it is offering $34…

Equinor and Polenergia Hire RockWave for Offshore Wind Subsurface Data Reprocessing

Mar 07, 2024

Equinor and Polenergia have awarded a contract to RockWave for subsurface data reprocessing for Baltyk 1 offshore wind farm in Poland.The contract scope entrusted to RockWave for the 1.56 GW offshore wind farm involves the reprocessing of sparker…

AI Tool to Tackle Boulder Issues for Offshore Wind Developments

Mar 07, 2024

Renewable energy industry supplier Ocean Geophysics has introduced an AI-driven boulder identification tool, which is expected to reduce development risk, time and cost for developers of offshore wind farms.Large, individual boulders as well as boulder fields with thousands…

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