Offshore Activity - page 2

 

Cadeler Secures $192,3M Loan to Fund New Offshore Wind Vessels

Jul 01, 2022

Offshore wind installation contractor Cadeler has entered into a Senior Secured Green Revolving Credit Facility (“RCF”) of a 3-year term loan of EUR 185 million (around $192,3 million). Together with the company’s cash and cash equivalents,…

Aker BP Takes Over Lundin Energy's Oil and Gas Business

Jul 01, 2022

Norwegian oil and gas company Aker BP has taken over Lundin Energy's oil and gas operations, creating the second largest operating oil and gas company on the Norwegian continental shelf.Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…

Deirdre Michie to Step Down as Offshore Energies UK CEO

Jul 01, 2022

Deirdre Michie OBE has decided to step down as Chief Executive of Offshore Energies UK, formerly known as Offshore Oil and Gas UK (OGUK).Michie will hand over the reins at the end of the year after almost eight years at the helm of the offshore energy industry trade body in the UK…

Strohm to Deliver TCP Subsea Water Alternating Gas (WAG) Jumper for Exxon's Guyana Project

Jul 01, 2022

U.S. oil major ExxonMobil is set to install a subsea water alternating gas (WAG) jumper made from Strohm’s Thermoplastic Composite Pipe (TCP) on the Liza Phase 2 project offshore Guyana. This will be followed by a multi-jumper deployment campaign…

Manor Renewable Energy Orders Two Crew Transfer Vessels from Strategic Marine

Jul 01, 2022

Manor Renewable Energy (MRE) ordered two aluminium catamaran-type crew transfer vessels  Strategic Marine. The vessels will support MRE’s offshore operations in the UK, Europe, and Asia.The two vessels, due to be named Manor Victor and Manor Vulcan…

RWE Brings Online Its First Floating Solar Plant

Jul 01, 2022

RWE has commissioned its first floating photovoltaic (PV) project. The project consists of around 13,400 solar panels that float on a lake near the Amer power plant in Geertruidenberg, in the Netherlands’ province of Noord- Brabant. The floating solar field has an installed capacity of 6…

Canada Eyes Offshore Wind Development in Newfoundland and Labrador and Nova Scotia

Jul 01, 2022

The Impact Assessment Agency of Canada has started the planning phase for the Regional Assessment of Offshore Wind Development in Newfoundland and Labrador and Nova Scotia. The goal of the regional assessment is to help inform future project…

Vår Energi Buys Into Lime Petroleum's North Sea Blocks, Off Norway

Jul 01, 2022

Oil and gas company Lime Petroleum has signed an agreement with Vår Energi to farm down by 10 per cent, Lime’s 40 per cent interests in licenses PL820 S and PL 820 SB in the North Sea.Lime had on April 14, 2022 signed an agreement to acquire MOL Norge 40 per cent interests in the said licenses…

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Jul 01, 2022

Portugal's main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of 16 gigawatt of photovoltaic power the region is expected to install over rivers and seas by 2030.EDP Chief Executive…

TGS Buys Prediktor

Jul 01, 2022

Norwegian company TGS has acquired Prediktor AS, a provider of asset management and real-time data management solutions to renewable and energy asset owners.'Established in 1995, the company has carried out thousands of installations on mission…

Repsol Sinopec Names VP Decommissioning and Energy Transition

Jul 01, 2022

Repsol Sinopec has appointed Adam Sheikh as Vice President (VP) Decommissioning and Energy Transition.The newly created role sits on Repsol Sinopec’s Executive Management Team (EMT), reporting to CEO Jose Luis Muñoz.Sheikh, whose most recent EMT role was VP Business Projects…

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

Jul 01, 2022

Oil and gas company Longboat Energy has completed the farm-in into two OMV's near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ('NCS') targeting combined gross unrisked mean prospective resources of 223 mmboe of which 45 mmboe net to Longboat)…

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Jul 01, 2022

India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…

U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA

Jul 01, 2022

Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report on Thursday…

Russia to Replace Sakhalin-2 Project Operator with New Firm

Jul 01, 2022

Russia will create a firm which will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday.The 5-page decree indicates…

Current News

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Twelve Bodies Recovered From Waters Off Hong Kong After Typhoon Chaba Sinks Ship

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG - Minister

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

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