Offshore Energy News - page 426

 

Rescuers Searching for 49 Missing after Cyclone Sinks Oilfield Barge Offshore India

May 20, 2021

Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said…

Australia's Offshore Decommissioning Levy Arbitrary and Disappointing, ExxonMobil, Chevron Say

May 20, 2021

U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…

RWE Renewables, National Grid Team Up in U.S. Offshore Wind Push

May 20, 2021

German renewable energy giant RWE Renewables and UK-based National Grid, one of the world’s largest publicly listed utilities, on Thursday signed a partnership deal to jointly develop offshore wind projects in the coastal region of the Northeast U…

Calls to Cut Fossil Fuel Spending In Line with with BP's Strategy, CEO Says

May 20, 2021

BP CEO Bernard Looney said on Wednesday that calls for lower investment in oil, gas from an International Energy Agency report the previous day are consistent with the company's strategy. Trillions of dollars will be spent rewriting earth's energy system which sets up business opportunities…

Woodmac: Energy Transition Creating Uncertainty for $14 Trillion Worth of Oil and Gas Assets

May 20, 2021

Global energy transition is creating uncertainty for an estimated $14 trillion worth of oil and gas assets that have long depended on an indefinite rise in demand to offset risks despite a pandemic boost this year, consultancy Wood Mackenzie said on Thursday…

Bumi Armada, Shapoorji Pallonji JV to Set Up FSRU in Mumbai Harbour

May 19, 2021

Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour.SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…

Horisont Energi, Equinor to Develop Carbon Capture and Storage Project in Norway's Arctic

May 19, 2021

Norwegian carbon tech company Horisont Energi and oil and gas group Equinor are to team up to develop a 100 million tonne carbon capture and storage project in Norway's Arctic.Carbon capture and storage has been cited by governments, energy…

Energy Transition: UK Subsea Services Firm Urged to 'Act Now'

May 19, 2021

Experts are advising the UK subsea industry to act now and take advantage of the energy transition, warning that the journey to net-zero is already underway and businesses must keep up with the required change of speed.Subsea UK, the country's subsea services industry association…

VIDEO: Saint Brieuc Offshore Substation Topside Moves Out at Engie Solutions' Yard

May 19, 2021

The giant offshore substation topside being built for the Saint Brieuc offshore wind farm in France was recently moved out at Engie Solutions yard in Hoboken, Antwerp, Belgium, and Engie Solutions was kind enough to share the photos and the video of the operation with Offshore Engineer…

Nexans to Deliver Umbilicals for Equinor's Offshore Oilfield in Brazil

May 19, 2021

Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7, has awarded offshore cable firm Nexans a contract to deliver umbilicals for Equinor's Bacalhau project offshore Brazil.Under the contract, Nexans will design, manufacture…

UK: OWGP Launches Funding for Local Offshore Wind Supply Chain

May 19, 2021

The UK-based Offshore Wind Growth Partnership (OWGP) has launched a tranche of grant funding and business support for UK offshore wind supply chain companies in a package totaling £4.2 million (~$5.94 million).The package includes a £3.5M ( around $4…

BP, Eni in Talks to Merge Angola Oil and Gas Operations

May 19, 2021

BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies.The two companies have signed a non-binding memorandum of understanding and are in discussions…

Fourteen Die Offshore India After Barge Sinks as Cyclone Batters West Coast

May 19, 2021

Fourteen people have died as a barge sank off India's west coast after a powerful cyclone barrelled into the country, authorities said on Wednesday, while Indian navy ships and aircraft scoured waters to locate scores of other missing personnel…

Some 30 FPSOs Could Go off Hire by 2022 End, Westwood Says

May 19, 2021

The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday.Westwood…

Danish Offshore Vessel Owner Eyes Business in Norway

May 19, 2021

Danish offshore vessel owner Maersk Supply Service said Wednesday it would reflag one of its anchor handling vessels to the Norwegian flag, hire Norwegian crew and set up an office in Bergen. The plan is to have its first vessel ready for operation in Norwegian water during summer 2021…

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