Energy News

 

Heerema Marine Contractors Closes Angola Business

Nov 06, 2020

Offshore heavy lifting specialist Heerema Marine Contractors has decided to close its joint ventures in Angola. Heerema said Friday that the ongoing poor market conditions and sustained low oil price meant that its Angola ventures were no longer economically viable…

EU Eyes Huge Hike in Offshore Wind Capacity to Meet Climate Goals

Nov 06, 2020

The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.The 27-nation EU, which is already home to 42% of the world's offshore wind capacity…

Petronas Sets Net Zero Emissions Target

Nov 06, 2020

Malaysian oil giant Petronas has announced its plan to achieve net-zero carbon emissions by 2050.The company'  President and Group Chief Executive Officer, Tengku Muhammad Taufik said: 'As the world contends with the many challenges brought about by energy transition…

Vattenfall to Step Up Offshore Wind Partnerships, New CEO Says

Nov 06, 2020

Vattenfall's new CEO, Anna Borg, will increasingly partner with other companies rather than go it alone to grow its portfolio of European offshore wind projects, she told Reuters.Formerly the CFO at the company, Borg took over from Magnus Hall on Nov…

UK: Offshore Oil & Gas Body Launches Diversity and Inclusion Survey

Nov 06, 2020

OGUK, the representative organization for the UK offshore oil and gas industry, has started 'a first-of-its-kind' survey that will deliver a baseline for diversity and inclusion (D&I) demographic and sentiment within the sector. OGUK said the…

Denmark: Total Delays Tyra Field Start-Up Due To Pandemic, Partner Noreco Says

Nov 06, 2020

The start-up of the Total-operated Tyra Redevelopment Project in the Danish Sector of the North Sea is now expected in the second quarter of 2023, and not in 2022, Noreco, a partner in the project, said Friday.'Due to COVID-19, local governmental…

Azerbaijan Pressing Ahead with Gas Pipeline Extension, Despite War

Nov 06, 2020

Azerbaijan will press ahead with plans to feed natural gas into an extended pipeline network to southern Europe, a senior official said, even as conflict rages for a sixth week in the enclave of Nagorno-Karabakh.Elshad Nassirov, vice-president of Azeri national energy company SOCAR…

Iberdrola's $88B Green Spending Spree Eclipses European Big Oil's Plans

Nov 05, 2020

Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period.Royal Dutch Shell, BP, Total, Norway's Equinor…

Gulf of Mexico Pipeline Operator to Lose $50M Due to Storms

Nov 05, 2020

Genesis Energy LP said it expects to lose as much as $50 million this year due to a battery of storms that hit the U.S. Gulf of Mexico and forced lengthy offshore oil and gas production shut-ins, Chief Executive Grant Sims told investors on Thursday…

Seiche Keeps Marine Mammals from Harms Way During Offshore WInd Farm Construction

Nov 05, 2020

Worlds largest offshore wind development company Ørsted has awarded Seiche a contract to ensure marine mammal safety during the construction of the Hornsea Two offshore wind farm in the UK.Seiche, which provides marine technology and environmental…

Liebherr: Key Milestone Reached with Alfa Lift Crane Construction

Nov 05, 2020

Crane specialist Liebherr has informed that a key milestone has been achieved with the construction of the Liebherr Heavy Lift Crane 150000-3000 for OHT's Alfa Lift offshore wind turbine foundation installation vessel.Liebherr said Thursday…

McDermott Ships Second Batch of Topside Modules for Modec FPSO

Nov 05, 2020

Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first…

Siemens Gamesa Shares Up as Wind Power Firm Sees Rising Margins

Nov 05, 2020

Shares in Siemens Gamesa rose on Thursday after it confirmed forecasts for a steady rise in margins until 2023, even though a small operating profit in the fourth quarter was not enough to save the wind turbine maker from an annual loss.Beset by a slowdown in the Indian market…

ADM Energy Names CFO

Nov 05, 2020

ADM Energy, an AIM-listed oil and gas investing company with interest in the Aje oil field offshore Nigeria, has appointed Lionel Therond as its Chief Financial Officer.West Africa-focused ADM said this week that Therond had 35 years' experience in the oil & gas sector and investment banking…

Australia's Santos Secures $750M Loan

Nov 05, 2020

Australian oil and gas company Santos has executed documentation to enter into a new US$750 million syndicated bank loan, to refinance existing debt facility established for the acquisition of ConocoPhillips’ northern Australian and Timor-Leste assets…

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

Subscribe for OE Digital E‑News

Offshore Engineer Magazine