Energy News

 

SMJ Acquires 50% Stake in Petronas' Block Offshore Sabah

Apr 07, 2023

SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of  Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).Petronas Carigali will continue to be the operator of Samarang PSC…

Fabrication of J-tube Frames Starts for Moray West Offshore Wind Farm

Apr 07, 2023

Global Energy Group's (GEG) North Fabrication division has started fabrication of two J-tube frames for the 882MW Moray West offshore wind farm, with a steel cutting at the Port of Nigg, Scotland.The completed J-tube frames will be attached…

Swedish Prosecutor Believes State Actor Behind Nord Stream Pipeline Blasts

Apr 07, 2023

A state actor's involvement in the blast of the Nord Stream pipelines last year is the 'absolute main scenario', though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022…

FPSO En Route to Develop Ivory Coast's Largest Offshore Field

Apr 07, 2023

Italian oil firm Eni, with its partner PetroCi, on Thursday celebrated the sail away of the FPSO Firenze to the giant Baleine oil and gas field offshore Ivory Coast.The FPSO Firenze, which sailed away from Dubai, will allow the production start-up of the Baleine field…

World Court says it Can Rule on Guyana-Venezuela Border Dispute

Apr 07, 2023

Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to territory rich in oil and gas.Guyana in 2018 asked the ICJ…

Acteon's TerraSond and Benthic Win Floating Offshore Wind Survey Work in Scotland

Apr 06, 2023

Acteon's Data and Robotic division's geo-services brands TerraSond and Benthic have secured a combined geophysical and geotechnical survey work scope with the BlueFloat Energy and Renantis Partnership for the Bellrock and Broadshore offshore wind farms northeast of Aberdeen…

Modus Subsea Services Secures Loan from Gordon Brothers

Apr 06, 2023

Advisory and investment firm Gordon Brothers said this week it had provided a £5 million (currently around $6,2 million) term loan to Modus Subsea Services (Modus).Modus, specializing in using Underwater Intervention Drones to automate and decarbonize subsea inspection…

Leonardo, Siemens Sign Deal to Create Cybersecurity Platform

Apr 06, 2023

Leonardo and Siemens on Thursday said they signed a memorandum of understanding to offer cybersecurity solutions for infrastructure in the energy, oil and gas and industrial sectors. 'The main area of intervention will concern the resilience…

Seabed Surveys Start for Two 1GW Offshore Wind Farms in Scotland

Apr 06, 2023

Thistle Wind Partners (TWP) has launched seabed surveys for its two ScotWind projects – the 1GW Ayre Offshore Wind Farm and the 1GW Bowdun Offshore Wind Farm.The Ayre offshore wind farm is a floating wind project to the east of Orkney, while…

Investors Join Activists to Press TotalEnergies on Climate Targets

Apr 06, 2023

A group of investors with $1.1 trillion in assets under management has joined climate activist group Follow This in asking TotalEnergies shareholders to push for more ambitious targets on emissions cuts.The resolution filed for the company's…

JOG Targets 2026 for First Oil from Greater Buchan Area as Farm-out Deal Struck

Apr 06, 2023

UK North Sea-focused oil and gas company Jersey Oil & Gas (JOG) said Thursday it had agreed to farm out a 50% interest in the Greater Buchan Area in the UK North Sea to NEO Energy.In exchange for entering into definitive agreements to divest…

AssoJet III Mk2: Asso.subsea Unveils its Most Advanced Jetting ROV

Apr 06, 2023

Offshore installation services firm Asso.subsea on Thursday announced the development of a newly built jetting vehicle for cohesionless soil: AssoJet III Mk2.'The AssoJet III Mk2 is the most advanced of the ASSO’s jetting ROVs, based on full…

Floating Offshore Wind: Technip Energies' Semi-Submersible Concept Wins FLOWIN Prize

Apr 05, 2023

Technip Energies, with its three partners  Crowley, Anchor QEA, and Offshore Construction Associates, has been awarded the Floating Offshore Wind Readiness (FLOWIN) prize for Phase One by U.S. Department of Energy. The prize was awarded for Technip Energies’ in-house floater solution INO15…

Oil Giants Face Arbitration as Kazakhstan Alleges Unapproved Spending in Major Oil Fields

Apr 05, 2023

Oil majors operating Kazakhstan's Kashagan and Karachaganak oil fields are being taken to arbitration by the country over allegations including unapproved spending, Bloomberg News reported on Wednesday, citing people familiar with the matter…

Viaro Energy's RockRose to Acquire Stake in Hartshead's North Sea Gas Fields

Apr 05, 2023

Viaro Energy's subsidiary RockRose Energy has struck a farm-in agreement with Hartshead Resources, to acquire a 60% working interest in Production Licence P.2607 containing the Anning and Somerville fields in the UK North Sea. Hartshead will retain a 40% working interest in the offshore license…

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