Energy News

 

Power Purchase Deals Signed for World's Largest Offshore Wind Farm

Nov 24, 2020

SSE Renewables and Equinor, partners in the development of the 3.6GW Dogger Bank Wind Farm complex in the UK North Sea, have signed 15-year offtake Power Purchase Agreements (PPAs) for the first two phases of what will be the world’s largest offshore wind farm.Separate PPAs for a total of 2.4GW across both Dogger Bank Wind Farm A and B have been concluded with external off-takers Ørsted (40% share) and Shell Energy Europe Limited (20% share)…

PetroVietnam Says Annual Output Unaffected by COVID-19

7 hours ago

Vietnam's state oil firm PetroVietnam said on Wednesday it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices.The company, formally known as Vietnam Oil and Gas Group…

Oil Rises on Vaccine Hope, Weak Dollar

8 hours ago

Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.Brent crude was up 30 cents…

BIMCO on Tanker Shipping; The Worst is Not Over

9 hours ago

While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a report released this morning by BIMCO, tanker shipping will not benefit this year from the usual strong winter seasonal effect. Though the new lockdowns…

SATH Floating Wind Concept Gets EC Funding Infusion

11 hours ago

Saitec Engineering won $2.9m funding by the European Commission 'Blue Economy Window' call, funding that will help to further develop its Offshore Floating Wind energy concept.Funding for the SATHScale project will allow to address the challenge…

EnQuest Cuts Output Guidance Due to Incident Off Malaysia and N. Sea Maintenance Works

Nov 24, 2020

London-listed oil company EnQuest has lowered its full-year production guidance, citing scheduled maintenance and an incident on an offshore platform in Malaysia as the reasons.Group production averaged 60,777 Boepd in the ten months to end October 2020…

Ørsted Plans to Build 1.6GW Offshore Wind Projects Near Incheon, South Korea

Nov 24, 2020

Danish offshore wind farm developer Ørsted on Tuesday said it would develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City. Ørsted said its projects in Incheon could provide clean energy to 1…

Ivory Coast: Foxtrot to Spend $315M to Increase Its Gas Output

Nov 23, 2020

Ivory Coast-based energy firm Foxtrot International will invest $315 million to increase its gas output by a third by 2022 to meet the West African nation's growing power needs, the firm's general manager told Reuters on Monday.Ivory Coast,…

Wintershall Dea Targets Net-zero Emissions from Upstream Activities by 2030

Nov 23, 2020

German oil and gas company Wintershall Dea has set greenhouse gas reduction targets for its production activities (scope 1 + 2 emissions, operated and non-operated upstream activities at equity share basis). The company said Monday it wanted to achieve net zero operations by 2030…

Ocean Infinity to Expand Armada Fleet with 'World's Largest' Robotic Vessels

Nov 23, 2020

Marine and offshore survey company Ocean Infinity, which recently announced plans to build the world's largest fleet of unmanned surface vessels - the Armada, is now adding what it says are 'world's largest marine robotic vessels' to the Armada fleet…

BP Agrees $332M Sale of London HQ

Nov 23, 2020

BP has agreed to sell its London headquarters for 250 million pounds ($332 million), a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy.BP also agreed to lease 1 St James's…

Turkey Extends Seismic Survey in Contested Waters in Eastern Mediterranean

Nov 23, 2020

Turkey said it was extending the seismic survey work being carried out by its Oruc Reis ship in a disputed part of the eastern Mediterranean until Nov. 29, a move that could add to tensions in the region.NATO members Turkey and Greece are locked…

AqualisBraemar to Acquire LOC Group

Nov 23, 2020

Offshore energy and marine consultancy AqualisBraemar will acquire marine and engineering consulting firm LOC Group (London Offshore Consultants).Oslo-listed group AqualisBraemar, which offers consultancy services to the offshore energy industries…

RWE Sells 49% Stake in Humber Gateway Wind Farm for $863M

Nov 23, 2020

Renewable energy giant RWE has agreed to sell to Greencoat a 49% stake in the Humber Gateway wind farm offshore the UK for GBP 648 million ($863 million). 'The disposal is part of RWE’s capital rotation program and the proceeds will be used to finance further growth in the renewable energy business…

Video: In Offshore Wind, Size Matters

Nov 20, 2020

The offshore wind industry has made great strides to become a cost-competitive option for grid and off-grid energy solutions. And today, the industry is growing faster than ever before, both in the well-established European market and in newer ones such as in China…

Current News

Gulf Marine Contractors Names Finstad Executive VP

Gulf Marine Contractors Names Finstad Executive VP

Tokyo Gas Joins Chiba Offshore Wind Partnership

Tokyo Gas Joins Chiba Offshore Wind Partnership

PetroVietnam Says Annual Output Unaffected by COVID-19

PetroVietnam Says Annual Output Unaffected by COVID-19

Moray East Offshore Wind Farm Jacket Transport Completed

Moray East Offshore Wind Farm Jacket Transport Completed

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