Offshore Energy News - page 6


Ignitis and CIP Secure Second Offshore Wind Deal in Estonia

Jan 17, 2024

Copenhagen Infrastructure Partners (CIP) and Ignitis Renewables have placed the highest bid in Estonia’s auction-based competitive tender, securing the rights for the development of an offshore wind farm in the Liivi 1 seabed area.CIP and Ignitis Renewables placed the highest bid of $1…

Shell Makes FID for Victory Gas Field in North Sea

Jan 17, 2024

Shell has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.Once onstream, the field will help to maintain domestically produced gas for Britain’s homes…

Potential Offshore Wind Projects Under Assessment for Santos Basin

Jan 17, 2024

Petrobras, Shell Brasil, TotalEnergies, CNPC, and CNOOC, along with the Universidade Federal do Rio Grande do Sul (UFRGS), have started a series of offshore wind measurements in the Santos Basin to gather data for potential floating wind projects at Búzios and Mero fields offshore Brazil…

TechnipFMC Gets ‘Significant’ Contract from BP in Gulf of Mexico

Jan 17, 2024

Oilfield services company TechnipFMC has secured a ‘significant’ contract from BP for its Argos Southwest Extension project in the Mad Dog field.TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico…

Guyana Expects $2.4 Billion in Oil Revenue in 2024 as Output Rises

Jan 16, 2024

Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023.The South American nation's gross domestic product is expected to increase by 34…

Norway Offers 24 Companies Ownership Interest for Oil and Gas Licenses

Jan 16, 2024

Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed.The awards, unveiled on January 16, 2024…

McDermott Scoops Contract for CCS Project Offshore Malaysia

Jan 16, 2024

Offshore engineering and construction firm McDermott has been awarded a contract from Malaysia Marine and Heavy Engineering (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.Under the scope of the contract…

Three60 Energy Secures Two BW Offshore’s EPCC Jobs

Jan 16, 2024

Aberdeen-based offshore energy industry services firm Three60 Energy has secured work on BW Offshore’s Catcher and Adolo floating production storage and offloading (FPSO) units.Three60 will provide extensive engineering, procurement, construction…

Hellenic Cables to Wire Polish Offshore Wind Farms

Jan 16, 2024

Hellenic Cables has signed a contract with Seaway 7 to supply inter-array cables for the Bałtyk II and Bałtyk III offshore wind farms in Poland.Hellenic Cables was appointed by Seaway7 as the key subcontractor for the design, manufacturing,…

Danish Offshore Wind Turbine Maker Goes for Low-Emissions Steel

Jan 16, 2024

Vestas has established a partnership with ArcelorMittal to launch a low-emission steel offering, said to significantly reduce lifetime carbon dioxide emissions from the production of wind turbine towers.The low-emission steel is produced using…

HydroWing Develops Servicing Barge for Tidal Energy Turbines

Jan 16, 2024

UK-based company HydroWing has designed an innovative new barge that aims to cut costs of installation and maintenance for its patented tidal stream array technology.HydroWing technology features a wing system that streamlines operations and…

OX2 Applies for Permits for 3.1GW Neptunus Offshore Energy Hub

Jan 16, 2024

OX2 and Ingka Investments, the investment arm of Ingka Group, have submitted a permit application under the act of Sweden’s Exclusive Economic Zone to construct the offshore energy hub Neptunus off the coast of Blekinge, in the south of Sweden…

Talos to Acquire US Gulf of Mexio E&P Company for $1.3B

Jan 16, 2024

Talos Energy has executed definitive agreements to acquire QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields, for $1.29 billion.The acquisition will boost Talos’…

BlackRock to Acquire Global Infrastructure Partners in $12.5B Deal

Jan 15, 2024

BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in cash and 12 million BlackRock shares…

Developers Submit EIA for 1.3GW Floating Wind Project Offshore Italy

Jan 15, 2024

The Environmental Impact Assessment (EIA) procedure has begun for Odra Energia, the proposed 1.3 GW floating offshore wind project that the partnership between Renantis and BlueFloat Energy plans to develop off the southern coast of the province of Lecce in Italy…

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