Energy News

 

750MW Floating Wind Farms Planned in Sicily, Sardinia

Apr 06, 2022

Copenhagen Infrastructure Partners' CI IV fund and Italy's GreenIT have signed agreements to build two floating offshore wind farms in Sicily and Sardinia.The wind farms are to be located more than 35 km from the coast and will have a total capacity of approximately 750MW…

Equinor, Naturgy Partner Up for Floating Wind Projects in Spain

Apr 06, 2022

Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands.The Spanish government plans to develop up to 3 GW of offshore wind by 2030…

Reuters: Brazilian Economic Official Strong Candidate for Petrobras CEO Position

Apr 06, 2022

Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after energy consultant Adriano Pires declined the government's nomination, a government official told Reuters on Tuesday…

Ørsted Acquires Majority Stake in 100MW Floating Wind Project in Scotland

Apr 06, 2022

Danish offshore wind farm developer has acquired a majority stake in the 100MW Salamander floating wind joint venture set up by Simply Blue Group and Subsea 7.Ørsted will own an 80% stake in the project off the east coast of Scotland as Simply Blue Group’s newest JV partner on the project…

Accuweather Sees Two to Four Hurricanes Hitting U.S. Gulf of Mexico in 2022

Apr 06, 2022

Privately-held Accuweather Inc forecasts 2022 will be the seventh straight above-average Atlantic hurricane season seeing the formation of between three and five major hurricanes with sustained winds of at least 111 miles per hour (178 kph)…

Website of Russian Oil Firm Gazprom Neft Goes Down after Apparent Hack

Apr 06, 2022

The website of Gazprom Neft, the oil arm of Russian gas giant Gazprom, went down on Wednesday after an apparent hack, in what looked like the latest attack on government-linked pages over Russia's actions in Ukraine.What looked like a hacked…

Egypt: TGS, Schlumberger in Red Sea 3D Survey

Apr 06, 2022

Norwegian seismic data firm TGS, has announced a new 3D seismic survey in the Red Sea, offshore Egypt, in partnership with the oilfield services giant Schlumberger.This is the second phase of the new acquisition for the two companies in the region and will encompass a minimum of 5…

Update: Germany Unveils Renewable Energy Expansion Plan

Apr 06, 2022

Germany's economy and climate ministry presented a package of measures on Wednesday to speed up the expansion of renewable energy, as the need to reduce the country's heavy reliance on Russian fossil fuels adds urgency to its green transition plans…

Saipem Clinches $400M in Offshore Drilling Contracts

Apr 05, 2022

Italian offshore services firm Saipem has won new offshore drilling contracts in the Middle East and Africa worth over $400 million in total.In the Middle East, Saipem has won contracts for two high-spec jack-up drilling rigs units. The contracts…

Greece to Speed Up Offshore Exploration Amid Soaring Energy Prices, Supply Concerns

Apr 05, 2022

Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday.Greece has produced…

POSH, FMS to Offer Mooring Services to Floating Wind Market in Europe

Apr 05, 2022

Offshore services firm PACC Offshore Services Holdings (POSH) and mooring and marine service specialist First Marine Solutions (“FMS”) to explore growth opportunities for floating offshore wind in Europe.The two companies signed a Memorandum…

Equinor, Vår Energi, Horisont Energi Awarded CO2 Storage License in Barents Sea

Apr 05, 2022

Norwegian oil and gas company Vår Energi has together with its partners Equinor (operator) and Horisont Energi, been awarded the Polaris CO2 storage license in the Barents Sea,The Polaris CO2 storage reservoir is located in the Barents Sea, ca 100 km off the coast of Finnmark…

MMA Offshore to Support Woodside's Scarborough Drilling Campaign

Apr 05, 2022

Australian oil and gas company Woodside has awarded a contract to Australian offshore vessel owner MMA Offshore to support offshore field development drilling for the Scarborough Project in Australia’s North West.The contract is for a firm period of 350 days…

Ørsted, Repsol Eye Floating Wind Turbine Deployment Offshore Spain

Apr 05, 2022

Danish offshore wind developer Ørsted and Spanish oil company Repsol have partnered up to explore joint deployment of floating wind turbines offshore Spain.'After several years of concept development and small-scale testing, floating offshore wind is now on the brink of commercialization…

W&T Offshore In Bolt-on Purchase of Producing Assets in Shallow-water Gulf of Mexico

Apr 05, 2022

U.S. oil company W&T Offshore said Tuesday it had acquired the remaining working interests in the oil and gas producing properties in the U.S. Gulf of Mexico bought earlier this year from an undisclosed private seller.The assets are located…

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