Energy News

 

Atlantis' Tidal Turbine Project Moves to Manufacturing Phase

Nov 09, 2020

Tidal energy developer Atlantis, with its partner Asturfeito SAU, has said that the two companies' variable pitch system for tidal turbine generators project (VPSTTG), aimed at reducing has been given the green light to proceed to the manufacturing stage…

Woodmac: Five Effects of a Biden Administration on US Energy

Nov 09, 2020

Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change.He will enter the White House with a goal of setting the US on course for net zero…

Brent Crude Tops $40 as Biden's Win Buoys Risk-taking

Nov 09, 2020

Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus pandemic.Brent crude futures for January climbed 94 cents…

Fairfield Betula Extends 'Far Symphony' Charter

Nov 06, 2020

Fairfield Betula, a UK company focused on offshore decommissioning, has extended the charter for the use of Solstad Offshore's Far Symphony platform supply vessel.Solstad Offshore said Friday that the contract for the PSV was firm until the…

Kraken Robotics Wraps Third OceanVision Survey Campaign

Nov 06, 2020

Canadia subsea robotic company Kraken Robotics has completed its third offshore data acquisition and technology demonstration campaign as part of the $19 million OceanVision project.During the campaign, Kraken deployed its new SeaScout system…

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…

Current News

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Mozambique Unaware of Total, Exxon Offshore Resource Sharing Talks

European Commission Approves Vestas, Mitsubishi Offshore Wind Deal

European Commission Approves Vestas, Mitsubishi Offshore Wind Deal

Strike Could Hit Norway's Gas Exports, Close Offshore Fields

Strike Could Hit Norway's Gas Exports, Close Offshore Fields

Piriou Designs New Cable Layer

Piriou Designs New Cable Layer

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