Energy News

 

Bumi Armada, Shapoorji Pallonji JV to Set Up FSRU in Mumbai Harbour

May 19, 2021

Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour.SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…

Horisont Energi, Equinor to Develop Carbon Capture and Storage Project in Norway's Arctic

May 19, 2021

Norwegian carbon tech company Horisont Energi and oil and gas group Equinor are to team up to develop a 100 million tonne carbon capture and storage project in Norway's Arctic.Carbon capture and storage has been cited by governments, energy…

Energy Transition: UK Subsea Services Firm Urged to 'Act Now'

May 19, 2021

Experts are advising the UK subsea industry to act now and take advantage of the energy transition, warning that the journey to net-zero is already underway and businesses must keep up with the required change of speed.Subsea UK, the country's subsea services industry association…

VIDEO: Saint Brieuc Offshore Substation Topside Moves Out at Engie Solutions' Yard

May 19, 2021

The giant offshore substation topside being built for the Saint Brieuc offshore wind farm in France was recently moved out at Engie Solutions yard in Hoboken, Antwerp, Belgium, and Engie Solutions was kind enough to share the photos and the video of the operation with Offshore Engineer…

Nexans to Deliver Umbilicals for Equinor's Offshore Oilfield in Brazil

May 19, 2021

Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7, has awarded offshore cable firm Nexans a contract to deliver umbilicals for Equinor's Bacalhau project offshore Brazil.Under the contract, Nexans will design, manufacture…

UK: OWGP Launches Funding for Local Offshore Wind Supply Chain

May 19, 2021

The UK-based Offshore Wind Growth Partnership (OWGP) has launched a tranche of grant funding and business support for UK offshore wind supply chain companies in a package totaling £4.2 million (~$5.94 million).The package includes a £3.5M ( around $4…

BP, Eni in Talks to Merge Angola Oil and Gas Operations

May 19, 2021

BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies.The two companies have signed a non-binding memorandum of understanding and are in discussions…

Fourteen Die Offshore India After Barge Sinks as Cyclone Batters West Coast

May 19, 2021

Fourteen people have died as a barge sank off India's west coast after a powerful cyclone barrelled into the country, authorities said on Wednesday, while Indian navy ships and aircraft scoured waters to locate scores of other missing personnel…

Some 30 FPSOs Could Go off Hire by 2022 End, Westwood Says

May 19, 2021

The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday.Westwood…

Danish Offshore Vessel Owner Eyes Business in Norway

May 19, 2021

Danish offshore vessel owner Maersk Supply Service said Wednesday it would reflag one of its anchor handling vessels to the Norwegian flag, hire Norwegian crew and set up an office in Bergen. The plan is to have its first vessel ready for operation in Norwegian water during summer 2021…

Ørsted, JWD, Eurus Join Forces to Develop Offshore Wind Farms in Japan

May 19, 2021

Ørsted, Japan Wind Development Co. (JWD), and Eurus Energy have joined forces to build offshore wind farms in Japan's Akita Prefecture.'The partnership combines market-leading strengths in global offshore wind with a strong local renewable development footprint…

Shell Shareholders Support Energy Transition Plan, Increase Pressure for Further Climate Action

May 18, 2021

Royal Dutch Shell shareholders overwhelmingly backed the company's energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change.A…

Japan Sets Aside $3.4B for Hydrogen R&D

May 18, 2021

The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund for two projects to accelerate research and development (R&D) and promotion of hydrogen use over the next 10 years.Japan…

AMS Buys Damen Fast Crew Supplier to Serve French Offshore Wind Market

May 18, 2021

French workboat operator Atlantique Maritime Services (AMS) has acquired a Fast Crew Supplier from the Dutch shipbuilder Damen.The Damen FCS 2610, named JLD Jayce, will be the first Damen Crew Transfer Vessel fully dedicated to the French offshore wind industry…

IEA: New Fossil Fuel Investments Must Stop If We Want to Meet 2050 Net-Zero Target

May 18, 2021

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net-zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels…

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