Offshore Energy News - page 4

 

U.S. Coast Guard Boards Containership in Connection to California Pipeline Oil Spill

Oct 18, 2021

The U.S. Coast Guard boarded a container ship on Saturday in the Port of Long Beach that dragged its anchor close to a subsea pipeline found to be the source of an oil spill off Orange County, California, it said in a press release.The spill released some 3…

INEOS to Invest $2.3B in Green Hydrogen Plants

Oct 18, 2021

- INEOS, Europe's largest Hydrogen producer, said on Monday it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe.The first plants will be built in Norway, Germany and Belgium over the next 10 years…

"THE RIG" - Saudi Arabia Launches Offshore Platform Inspired Tourism & Entertainment Project

Oct 17, 2021

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of 'THE RIG', which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed…

RockRose Takes Over SSE's UK North Sea Gas Fields

Oct 15, 2021

Viaro Energy's subsidiary RockRose has completed the acquisition of several producing assets in the UK North Sea from SSE for £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million).RockRose acquired…

New Kupe Compressor to 'Allow Us to Suck Harder on the Straw,' NZOG CEO Says

Oct 15, 2021

Australian oil and gas company Beach Energy has completed work on the Kupe compression project in New Zealand, which will allow for the gas plant, which had seen declining production in recent years, to produce at full rate from the Kupe offshore gas field…

Crystal Steel to Build Offshore Wind Steel Fabrication Plant in Maryland for Ørsted's U.S. Projects

Oct 15, 2021

Offshore wind developer Ørsted has said Friday it had signed a deal to establish Maryland’s first offshore wind steel fabrication center at Crystal Steel Fabricators in Federalsburg, Maryland. 'Ørsted’s investment in Crystal Steel will enable…

Oil Prices Hit a Fresh Three-year High on Supply Deficit Concerns

Oct 15, 2021

Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products.Brent crude futures were up 80 cents, or 0…

ZE PAK, Ørsted to Create JV for Offshore Wind Projects in Poland

Oct 15, 2021

Poland’s largest privately-owned energy producer ZE PAK, which is looking to shift from coal to renewables, and Denmark's Ørsted world's largest offshore wind developer have signed a letter of intent to jointly take part in the upcoming auction for seabed leases in the Polish part of the Baltic Sea…

Bounty Farms Into Coastal's Cerberus Project, Off W. Australia. Drilling Planned for 2022

Oct 15, 2021

Australian oil and gas firm Bounty Oil and Gas has agreed to farm into four oil-prone offshore licenses in Western Australia, owned by Coastal Oil and Gas.Bounty will acquire a 25% stake in licenses EP  475, EP 490, EP 491 and TP 27 (collectively…

Gas Exports Lift Norway Trade Surplus Record High

Oct 15, 2021

Norway's trade surplus rose last month to a record level thanks to soaring revenues from selling gas from its offshore fields, national statistics agency (SSB) data showed on Friday.With a daily output of around four million barrels of oil equivalent…

Subsea 7, Schlumberger Secure Work on Turkey's Giant Offshore Gas Find

Oct 15, 2021

Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…

Vestas to Install Huge 15MW Offshore Wind Turbine Prototype in Denmark

Oct 15, 2021

Danish wind turbine manufacturer Vestas will install a prototype of its giant 15 MW offshore wind turbine at the Østerild National test center for large wind turbines in Western Jutland, Denmark. Vestas will install the prototype at the test center in the second half of 2022…

TechnipFMC Acquires Remaining Stake in Composite Pipe Maker Magma Global

Oct 14, 2021

Energy industry services firm TechnipFMC has completed the acquisition of the remaining stake of Magma Global, a provider of composite pipe technology.TechnipFMC originally acquired an interest in Magma in 2018, combining its flexible pipe technology…

Shah Deniz Field: Azerbaijan Signs New Gas Supply Deal with Turkey

Oct 14, 2021

Azerbaijan has signed a new deal with Turkey to supply gas from its giant offshore Shah Deniz I field, Azerbaijan's energy minister Parviz Shahbazov told Reuters on Thursday.Azerbaijan halted gas supplies from Shah Deniz I to Turkey in April after the contract expired…

How to Ensure Oil & Gas Infrastructure Still Has Value

Oct 14, 2021

If we want to reach net zero by 2050, there is an increasingly high risk that some of the oil and gas infrastructure investments (i.e. in platforms, pipelines, processors, storage sites etc) made today will result in stranded assets.In other words…

Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

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