Offshore Energy News - page 9


Chevron's Mega Oil Deal More Expensive than Exxon's

Oct 26, 2023

Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is Chevron that is paying a loftier price tag.Pioneer generates twice as much annual cash as Hess…

Europe's Offshore Wind Power Goal Hits New Snag: Security

Oct 26, 2023

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.Rising above the Baltic Sea less than 10 km (6 miles) off the coast of Denmark…

TotalEnergies Commissions FSRU in Port of Le Havre

Oct 26, 2023

French oil major TotalEnergies on Thursday announced the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz…

Repsol's Adjusted Net Profit Falls on Lower Oil, Gas Prices

Oct 26, 2023

Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…

Early Production Start at Aker BP's Kobra East & Gekko Offshore Development

Oct 26, 2023

Norwegian oil and gas company Aker BP has started production from Kobra East & Gekko (KEG) development in the Alvheim area, offshore Norway.The KEG development comprises the two discoveries Kobra East and Gekko in licence 203. The field has…

TotalEnergies Reports 2023 Q3 Net Income Down 35%

Oct 26, 2023

TotalEnergies on Thursday posted a 35% fall in its third-quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia's invasion of Ukraine.The French energy company's Q3 adjusted net income stood at $6…

Saipem Taps Rosetti Marino for EPC Project Offshore Libya

Oct 25, 2023

Italian engineering and construction firm Rosetti Marino said Tuesday it had won a contract with the Italian energy industry services firm Saipem for offshore EPC activities in the Mediterranean Sea off Libya worth over 300 million euros.Saipem…

Suriname Proposes Exchange of $675M Bonds for Oil-linked Debt

Oct 25, 2023

Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May.The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15…

Vår Energi Says Goliat Field May Supply Gas to Hammerfest LNG

Oct 25, 2023

Vår Energi said on Wednesday it will decide next year whether to send natural gas from Norway's Goliat oil field in the Arctic Barents Sea to the nearby Hammerfest liquefied natural gas (LNG) plant for export to world markets. Oslo-listed Vår Energi…

UK's NSTA and Orcadian Agree on Extension Terms for Offshore License in North Sea

Oct 25, 2023

UK North Sea-focused oil and gas company Orcadian said Wednesday that the North Sea Transition Authority (NSTA) had confirmed to the company that it was prepared to agree to an extension to the second term of the offshore license containing the undeveloped Pilot oil field…

TechnipFMC Wins Its Largest Flexible Pipe Deal in Gulf of Mexico

Oct 25, 2023

Oilfield services firm TechnipFMC said Tuesday it had won a contract with Australia's Woodside Energy to manufacture flexible pipe for a deepwater oilfield development in Mexico.Under the contract of an undisclosed value, the company will supply…

Ecopetrol CEO: Oil Industry's Future Not Threatened by Energy Transition

Oct 25, 2023

Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol CEO Ricardo Roa said on Tuesday, in response to a union statement that alleged executive decision-making is threatening the majority state-owned company's future…

Colombia Eyes Launch for First-ever Offshore Wind Tender

Oct 25, 2023

Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules.In July…

Japan, Denmark to Collaborate on Floating Offshore Wind Technology

Oct 25, 2023

Japan and Denmark have agreed to join hands in researching and developing floating offshore wind power technologies in a bid to combat climate change, Japan's trade and industry ministry said.The nascent floating offshore wind industry is poised…

New York Throws Support Behind Offshore Wind with Three Project Awards

Oct 24, 2023

New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state's power needs in 2030.The announcement, which…

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