Energy News

 

Orsted Expects to Make FID on Hornsea 3 Offshore Wind Project in UK This Year

Jun 08, 2023

Danish renewable energy company Orsted said on Thursday it expects to take a final investment decision (FID) on its planned Hornsea 3 offshore wind project in Britain this year. Orsted warned in early March that the 2.8 gigawatt (GW) project…

Alvheim FPSO Celebrates 15 Years of Oil and Gas Production as Tyrving Tie-in Gets Green Light

Jun 08, 2023

The Norwegian Minister of Petroleum and Energy, Terje Aasland, on Thursday granted approval for the development of Aker BP's Tyrving offshore discovery, which will be a tie-in to Alvheim FPSO.Aker BP as the operator, and its license partners…

ADNOC L&S to Build $975M Artificial Island for Lower Zakum Offshore Field

Jun 08, 2023

ADNOC Offshore has awarded ADNOC Logistics and Services a $975-million contract to build an artificial island for an offshore oil field project in Abu Dhabi.According to ADNOC L&S, at least 75% of the total contract value for dredging, land…

Orsted to Invest $68B in Renewable Energy by 2030

Jun 08, 2023

Renewable energy group Orsted will invest 475 billion Danish crowns ($68.3 billion) by 2030 to achieve its goal of 50 gigawatts (GW) of installed power capacity at the end of the decade, it said late on Wednesday. The Danish company said the…

Thousands of Jobs for Norway: Aker BP's Offshore Development Plans Approved by Norwegian Parliament

Jun 07, 2023

Following news on Tuesday that the Norwegian parliament had approved some of Aker BP's offshore oil and gas development project in Norway, the confirmation came Wednesday from Aker BP itself.'Today, the Storting has approved Aker BP’s plans…

Jersey Oil & Gas Gets Buchan License Extension and Green Light for NEO Farm-out

Jun 07, 2023

UK-focused oil and gas company Jersey Oil & Gas has received an extension to the Second Term of its P2498 'Buchan' license in the UK North Sea from the North Sea Transition Authority ('NSTA').Also, the NSTA has approved Jersey Oil & Gas' request…

Norway: NOW Accelerator Launched to Drive Innovation in Offshore Wind Industry

Jun 07, 2023

Norwegian Offshore Wind, an organization that promotes the development of the floating wind supply chain,  has launched the NOW Accelerator, designed to foster the growth of startups and scaleups in the offshore wind industry. 'The program is first of its kind and will start in August…

Woodside Starts Marketing Senegal's First Oil

Jun 07, 2023

Australia's Woodside Energy has started marketing a new African crude oil from Senegal's first oil project, where the company aims to start producing by the end of this year, a senior executive said. Located about 100 km (62 miles) offshore south of Dakar…

North Sea Oil Producer Harbour in Merger Talks with Talos - Sources

Jun 07, 2023

Britain's largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.The move would offer Harbour an opportunity to list in New York…

Fair Weather Collision Attributed to Distracted Bridge Watch Officers

Jun 06, 2023

The bridge watch officers on a bulk carrier and an offshore supply vessel were not maintaining a proper lookout before the vessels collided last year near Port Fourchon, Louisiana, the National Transportation Safety Board (NTSB) has concluded…

Ulmatec to Deliver Gangway for Another Jones Act Offshore Wind Vessel

Jun 06, 2023

Norway-based gangway supplier Ulmatec has secured a contract to supply a 32-meter motion-compensated gangway and logistics support systems for the next US-built Jones Act service operation vessel.This 260-foot vessel will be built for Edison Chouest Offshore (ECO) by North American Shipbuilding…

Saudi Output Cut Unlikely to Lift Oil Prices to High $80s-low $90s, Citi Says

Jun 06, 2023

Top crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday…

Vietnam: FSO PTSC Bien Dong 01 Contract Renewed for 5 Years

Jun 06, 2023

PTSC South East Asia (PTSC SEA) has received a 5-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.PTSC South East Asia is a joint venture between Malaysia's Yinson Production (“YP”) and PetroVietnam Technical Services Corporation (PTSC)…

Aker BP's Valhall PWP-Fenris Offshore Project Gets Green Light

Jun 06, 2023

The Norwegian Parliament on Tuesday approved the plans for further development of Valhall field in the Norwegian part of the North Sea, and the development and operation of the Fenris project, both operated by Aker BP.The Valhall PWP-Fenris project…

Sperry Marine to Deliver Navigation Systems for SAL Heavy Lift's New Vessels

Jun 06, 2023

Sperry Marine has secured the contract to deliver complete navigation systems including its VisionMaster Net bridge, NAVIGAT gyrocompass, and NAVIPILOT 4500N autopilot for four vessels under construction for SAL Heavy Lift at WuHu shipyard, China…

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