Offshore Energy News

 

OPEC+ to Consider Extending Voluntary Oil Output Cuts

Feb 27, 2024

OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place until the end of the year, according to two of them.Last November, the Organization of the Petroleum Exporting Countries and allies led by Russia agreed to voluntary cuts totaling about 2.2 million barrels per day (bpd) for the first quarter this year…

US Offshore Wind: Down but Not Out

Mar 01, 2024

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have…

Oil Rises Almost 2% as Markets Await OPEC+ Decision

Mar 01, 2024

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.Brent LCOc1 futures for May were up $1.43…

New York Awards Equinor and Orsted New Offshore Wind Contracts

Feb 29, 2024

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project…

Spain Starts Consultation on New Offshore Wind Rules

Feb 26, 2024

Spain has opened a public consultation on a new set of rules for offshore wind energy production, laying the groundwork for auctions of sea-based concessions, the Energy Ministry said on Monday.The sector had been urging the government to publish…

Five Turbines Power Up at Vineyard Wind

Feb 22, 2024

Renewable energy firm Avangrid and fund manager Copenhagen Infrastructure Partners said on Thursday their joint venture, Vineyard Wind 1, has begun operations at five of its wind turbines, supplying 68 megawatts (MW) to the New England grid…

Exxon Considering Guyana Offshore Gas Production After 2029

Feb 21, 2024

An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…

Canada Secures Surrender of All Offshore Pacific Coast Oil and Gas Permits

Feb 21, 2024

Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada voluntarily relinquished 23 permits this month.Energy…

OpEd: It’s Time We Told the Truth on Energy. Oil and Gas Help the World Thrive

Feb 19, 2024

Prime Ministers come and go. Energy Ministers are appointed and promptly booted out of the job as if they were never there. Net Zero roadmaps are published, tweaked, and then eventually shelved by the Government and opposition alike. But amidst the permacrisis of Westminster…

Fénix Gas Field Partners Install Production Platform Offshore Argentina

Feb 14, 2024

Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina.The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth…

New Breakwater Installed to Support CTVs Berthing at Port of Newhaven

Feb 13, 2024

As part of the refurbishment for the operations and maintenance (O&M) base for the Rampion offshore wind farm, Inland and Coastal Marina Systems (ICMS) has installed a floating concrete breakwater within the Port of Newhaven to provide safe berthing facilities for crew transfer vessels (CTV)…

Nigeria to Auction New Offshore Oil Blocks

Feb 13, 2024

Nigeria will this year open bids for new offshore oil blocks, the second such auction in two years, the head of its petroleum regulator said on Tuesday, as Africa's biggest oil producer seeks to draw more investment into deepwater projects.Nigeria has struggled to increase its oil output…

Island Drilling Contests Contract Termination for Island Innovator Rig

Feb 13, 2024

Island Drilling has started evaluating all legal recourse at its disposal to contest the termination of contract for its Island Innovator semi-sub rig, by Trident Energy and its partners in the Block G offshore Equatorial Guinea, deeming the claims on safety issues with the unit ‘not accurate’…

JERA Finds Indonesian Partner for LNG Value Chain Development

Feb 09, 2024

Japan’s largest power generation company JERA has signed a memorandum of understanding (MoU) to collaborate on LNG value chain development in Indonesia with PT PLN Energi Primer Indonesia (PLN EPI), a subsidiary of PT PLN Persero.Collaboration to establish a value chain for LNG…

DNV Updates ‘Go-To Standard’ for Offshore Energy Operations

Feb 08, 2024

DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new…

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Developers Postpone Cedar LNG

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