Energy News

 

Subsea 7, OneSubsea Alliance Wins Substantial Subsea Tie-back Contract in Egypt

May 03, 2023

Subsea Integration Alliance has won a 'substantial' subsea tie-back contract from BP and its joint venture partner Wintershall Dea for the Raven Infills Project offshore Egypt.  The Raven field is a stage of BP's major West Nile Delta (WND)…

TotalEnergies to Invest in Seventh FPSO Offshore Angola

May 03, 2023

TotalEnergies, Sonangol, and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), have signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on Blocks 20 and 21 in the Kwanza basin, offshore Angola…

DEME Wins Contracts Worth Over EUR 300M for French Offshore Wind Farm Work

May 03, 2023

Belgium-based offshore wind installation services firm DEME Offshore said Wednesday it had secured three contracts for the Dieppe Le Tréport offshore wind farm in France. DEME said the combined contracts represented a ‘large’ contract, which…

Offshore Wind Giant Keeps 2023 Guidance Unchanged

May 03, 2023

Denmark's Orsted, the world's No. 1 offshore wind farm developer, on Wednesday reported first-quarter operating profit in line with expectations, and confirmed its full-year guidance given earlier in the year. First-quarter earnings before interest…

Specialist Marine Consultants Nets Sofia Offshore Wind Farm Work

May 02, 2023

Specialist Marine Consultants (SMC) has won a with RWE to deliver Offshore Resources and Services for the duration of the Sofia offshore wind farm's offshore construction, starting in 2023.The work scope includes a range of services, including…

Eneti's Seajacks Secures Contract for NG2500-Class Jack-Up Unit

May 02, 2023

Offshore installation firm Seajacks UK Limited, a subsidiary of Eneti, has won a contract with an undisclosed customer in northwest Europe, Eneti said Tuesday.The contract starts in the fourth quarter of 2023, and is for between 90 and 145 days…

Reach Subsea Secures Five-month Deal in Offshore Wind Sector

May 02, 2023

Subsea services company Reach Subsea said Tuesday it had secured a five-month contract with an unnamed  'major renewable energy company,' for delivery of offshore wind-related services.The subsea vessel Deep Cygnus will be utilized on the project…

BP's Profit Rises to $5B as Share Buyback Slows

May 02, 2023

BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…

Framo's Submerged Turbine Generates Electricity from Waste Cooling Water on FPSOs

May 02, 2023

Malaysia-based FPSO supplier Yinson Production has ordered a submerged turbine solution from Framo, for regenerating energy from the waste cooling water flowing from offshore installations.Framo said Yinson was the first to opt for its technology…

Kongsberg Digital Beefs Up Stake in FutureOn. Becomes Majority Shareholder

May 02, 2023

Kongsberg Digital said Tuesday it had 'significantly' increased its investment in FutureOn, a Norwegian software company that provides cloud-based digital transformation tools for the offshore energy industry.'The value propositions of FutureOn and Kongsberg Digital are highly complementary…

Salamanca Development: LLOG Taps Subsea 7 for GOM Pipeline Work

May 02, 2023

Oil company LLOG Exploration Offshore has awarded a subsea installation contract to Subsea 7 as part of its Salamanca development project in the U.S. Gulf of Mexico.The Salamanca development project includes the Leon and Castile offshore oil fields…

SBM Offshore, ExxonMobil Pen Operation Deal for Four FPSOs in Guyana

May 02, 2023

Dutch FPSO leasing and operation specialist SBM Offshore has signed a 10-year operations and maintenance enabling agreement with ExxonMobil in Guyana for the Operations and Maintenance of the Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA FPSOs…

Eni CEO Sees No Major Energy Price Upsets in 2023

May 01, 2023

The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any 'big shocks' on the energy markets this year.'European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations…

As Oil Output Peaks, US Gulf of Mexico Makes Room for Carbon Capture

May 01, 2023

After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.Some companies, including Exxon Mobil Corp, have been dumping assets in the Gulf…

Floatel Endurance Selected for Skarv Satellites Project Offshore Norway

Apr 28, 2023

Floatel International, a company providing offshore accommodation rigs to oil and gas companies, said Friday it had won a contract with the Norwegian oil company Aker BP.The contract is for modifications and maintenance activities related to the Skarv FPSO unit…

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