Energy News

 

China Plans to Use Renewable Energy to Help Boost Oil & Gas Production

Mar 23, 2023

China plans to use renewable energy sources such as wind and solar to provide onsite power for enhanced oil and gas recovery techniques, according to the National Energy Administration.Gas output could be increased by 3 billion cubic meters (bcm) through pressure-boosted mining techniques…

Energean Looking to Boost Israel FPSO Capacity

Mar 23, 2023

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year, CEO Mathios Rigas told Reuters on Thursday. The FPSO is…

EnBW Set to Build Its Largest Offshore Wind Farm in Germany Yet as FID Reached

Mar 23, 2023

German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW)…

Serica Energy Completes Acquisition of Tailwind Energy

Mar 23, 2023

UK-based oil and gas company Serica Energy said Thursday it had completed the acquisition of Tailwind Energy and that admission of the completion consideration shares to trading on AIM has occurred.Serica said in December 2020 it would acquire Tailwind…

VIDEO: Coast Guard Medevacs Crewmember from Allseas' Pipelayer in Gulf of Mexico

Mar 23, 2023

The U.S. Coast Guard said Thursday it had medevaced a motor vessel crewmember Tuesday approximately 15 miles offshore Port Fourchon, Louisiana. 'Coast Guard Sector New Orleans watchstanders received a call at 7:54 p.m. from the motor vessel…

Montara Venture FPSO Restarts Production

Mar 23, 2023

Jadestone Energy plc said Thursday that its Montara Venture FPSO offshore Australia resumed production operations early on Tuesday March 21, 2023.The company shut down production from the Montara Venture FPSO in 2022, first to allow for repairs…

Orbital Marine Power to Develop 30MW Tidal Energy Project in Orkney Islands

Mar 23, 2023

Tidal energy developer Orbital Marine Power said Wednesday it had been awarded an Option Agreement from Crown Estate Scotland for a new 30MW tidal energy project in the Westray Firth, a strait in the Orkney Islands.Orkney-based Orbital also…

Floating Wind Specialist BW Ideol Secures Investment from ADEME Investissement

Mar 22, 2023

Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities…

Ecuador to Revise Down Output Goal by 8% After Force Majeure

Mar 22, 2023

Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests…

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

Mar 22, 2023

Japan's top utility JERA has agreed to buy Belgium-based offshore wind energy producer Parkwind for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonization goals.JERA, a joint venture between Tokyo Electric…

Venezuela president names PDVSA head Tellechea as new oil minister

Mar 22, 2023

Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company…

New Consortium Pursues Floating Offshore Wind Development in Australia

Mar 22, 2023

Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW)…

GreenIT, CIP to Build Three Floating WInd Farms in Italy

Mar 22, 2023

GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia…

DeepOcean's Fleet Gets a Boost with Olympic Ares Vessel Charter

Mar 22, 2023

Subsea services firm DeepOcean has taken the Olympic Ares multi-purpose support vessel (MPSV) on a two-year charter. The vessel is owned by the Norwegian shipowner Olympic Subsea.The vessel is a modern construction support vessel equipped with a 250 Te crane…

PGS Secures 3D Seismic Survey Deal

Mar 22, 2023

Norwegian seismic survey firm PGS has secured a 3D exploration acquisition contract with 'a major international energy company.'PGS said in a stock exchange filing on Wednesday that its Ramform Titan vessel was scheduled to mobilize for the survey in late June…

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