Energy News

 

Odfjell Drilling's Offshore Rig Secures $138M Contract Extension with Equinor

Nov 16, 2023

Norwegian offshore drilling firm Odfjell Drilling said Thursday that Equinor had exercised options for seven wells to extend the use of its Deepsea Aberdeen offshore drilling rig on the Breidablikk field in the North Sea, offshore Norway.The…

Seven Groups Apply for Norway's Offshore Wind Tender

Nov 15, 2023

Seven groups of energy companies have sought pre-qualification for Norway's first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest.The tender…

TotalEnergies CEO Says Gas Market Volatility to Remain Until New Supply Arrives

Nov 15, 2023

The Chief Executive of French energy giant TotalEnergies TTEF.PA said on Tuesday that the liquefied natural gas (LNG) market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.'Prices are volatile…

Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades

Nov 15, 2023

Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class…

Aker Solutions Bags Sizeable Offshore Wind Platform Deal

Nov 15, 2023

Norway-based Aker Solutions said Tuesday it had won a sizeable contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK.Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1…

DOF Group Secures Skandi Acergy Charter, Adds Maersk Installer to Fleet

Nov 15, 2023

Norwegian offshore vessel owner DOF Group has secured a long-term charter for one of its construction vessels and has agreed to add another construction vessel to its fleet via a two-year charter.First, DOF said that it had secured a charter…

KOTUG Bolsters Guyana Fleet with Three Offshore Terminal Tugs

Nov 14, 2023

KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations.With the arrival of KOTUG-owned ‘SD Grace’…

Harlyn Solutions Completes First Phase of Offshore Substation Transport for Moray West Wind Farm

Nov 14, 2023

Harlyn Solutions said Tuesday it had completed the first phase of the offshore substation transport for the Moray West Wind Farm, with the two substations now in the Cromarty Firth awaiting their installation at the offshore wind farm.Harlyn Solutions…

Danish Offshore Wind Project Termination Not Detrimental to Cadeler's Long-Term Financial Performance, CEO Affirms

Nov 14, 2023

Danish offshore wind installation services firm Cadeler said Monday evening it had received notice of termination of the Aflandshage offshore wind project in Øresund, Denmark, which in turn led to the cancellation of its turbine installation contract…

German Firm Farms Into UK Offshore Carbon Storage License

Nov 14, 2023

Carbon Catalyst Limited (CCL) said Tuesday it had completed the farmout of a 10% stake in the Poseidon carbon storage license located in the Southern North Sea sector of the UK Continental Shelf, to Wintershall DEA.As part of the deal, German…

Chevron Resumes Natural Gas Supply from Israel's Tamar Offshore Field

Nov 13, 2023

Chevron said on Monday it had resumed the supply of natural gas from the offshore Tamar field, a month after it was told by Israel to halt operations due to violence in the region.The Tamar field, a major source of gas for Israel's power generators…

Eqva to Sell Havyard Leirvik Yard in Norway to Turkish Buyer

Nov 13, 2023

Eqva, an owner of industrial service companies, said Monday it would divest Havyard Leirvik Yard in Norway to a Turkish buyer.“The sale of Havyard Leirvik will free up important resources, both human and financial, enabling a concentrated focus…

Kremlin: More Signs Appear of Ukrainian Involvement in Nord Stream Blasts

Nov 13, 2023

The Kremlin said on Monday that more signs were appearing of Ukrainian involvement in the blasts that ruptured Russia's Nord Stream gas pipelines last year, following a Washington Post report that a Ukrainian military officer coordinated the attack…

Reach Subsea Partners with Agalas for New IMR/Survey Vessel

Nov 10, 2023

Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission…

BB Energy, JE Energy Win Tender to Market Guyana's Share of Oil

Nov 10, 2023

British trading firms BB Energy and JE Energy on Thursday won two contracts to market Guyana's share of crude production through deals that will pay the South American country premium fees of between 26 cents and 70 cents per barrel over market prices…

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Tekmar Secures Over $9M Offshore Wind Cable Protection Deal

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