Energy News

 

Borders & Southern's Falkland Islands Offshore Licenses Extended

Dec 08, 2022

Oil and gas company Borders & Southern Petroleum said Thursday it had secured the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area, offshore the Falkland Islands.The offshore licenses were due to expire on the December 31…

Petrofac Workers on Repsol, BP Platforms in North Sea Launch Strikes Over Pay, Working Rotations

Dec 08, 2022

The UK’s largest industrial union, Unite, said Thursday that around 146 members will begin strike action at the Petrofac Repsol installations on December 8 and 9, 'as a result of an ongoing, and increasingly bitter dispute over pay and working terms…

BCG, ABS Team Up to Decarbonize Maritime & Offshore Industries

Dec 08, 2022

Boston Consulting Group (BCG) a consultancy and advisor on decarbonization to the maritime industry, and maritime classification society American Bureau of Shipping (ABS), have signed a memorandum of understanding to combine their technical…

First US Floating Wind Auction Closes

Dec 07, 2022

Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035…

Update: European Firms Capture Most Leases in California Offshore Wind Auction

Dec 07, 2022

The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean…

Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

Dec 07, 2022

Oil and gas company Valeura Energy has agreed to buy three offshore blocks in the Gulf of Thailand from Mubadala Petroleum's subsidiary, Busrakham Oil & Gas.Valeura will acquire operated interest in in three offshore licences in the Gulf of Thailand that include the Nong Yao (Licence G11/48)…

Coretrax, Lee Energy Systems Collaborate on 'Major' North Sea P&A Campaign

Dec 07, 2022

Well integrity and production optimization company Coretrax said Wednesday it had recently collaborated with Lee Energy Systems to deliver a one-trip solution for an unnamed 'major' operator’s plugging and abandonment (P&A) campaign in the Central North Sea…

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

Dec 07, 2022

Belgium's Princess Astrid of Belgium and Japanese State Minister of Land, Infrastructure, Transport and Tourism, Hiroo Ishii took part in the unveiling ceremony of the upgraded ‘Sea Challenger’ offshore wind turbine installation vessel in Tokyo on Tuesday…

Triton Anchor Secures Funds to Speed Up Development of Anchoring System for Floating Wind

Dec 07, 2022

Triton Anchor, a developer of an anchoring solution for the floating offshore wind industry, announced on Wednesday the closing of its initial funding round. The funds will be used to accelerate platform development as the company scales its products from prototype to general release…

Havfram Subsea Names UK Managing Director

Dec 07, 2022

Havfram Subsea has appointed Gregor Scott as Managing Director for the company’s UK operation.Over the last 10 years, Scott has held commercial and leadership roles within the Havfram organization, and as Managing Director (UK) he will assume…

Canada's Cenovus Forecasts 21% increase in 2023 Capital Spending

Dec 07, 2022

Canada's Cenovus Energy CVE.TO on Tuesday forecast higher capital expenditure and production in 2023, and said its natural gas business could grow by as much as 25% in coming years due to higher prices. The Calgary-based oil and gas producer…

TGS, PGS in 3D Seismic Survey Project Offshore Brazil

Dec 07, 2022

Marine seismic data specialists TGS and PGS have jointly secured pre-funding for the Santos Sul Multi-client 3D project in the southwest Santos Basin offshore Brazil. The TGS/PGS collaboration combines the operational and technical strengths…

Engie CEO Says France Fell Behind in Wind Power Rollout

Dec 07, 2022

France fell behind in rolling out wind farms despite vast resources, the chief executive of Engie, one of the country's main power and gas suppliers, said on Tuesday. 'We have the second-largest European resources in terms of offshore wind…

California Offshore Wind Sale Ends First Day with $400M in High Bids

Dec 07, 2022

The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies seeking a foothold in the domestic industry's expansion to the Pacific Ocean.The auction…

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Dec 07, 2022

Malaysian oil and gas company Petronas Carigali on Wednesday announced an oil and gas discovery at the Nahara-1 well in Block SK306,  in Malaysia.The discovery is located in the shallow waters of Balingian Province, about 150 kilometers from Bintulu…

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