Industry News

 

Sofia Offshore Wind Farm Construction Well Underway

Oct 25, 2024

Van Oord has installed over a quarter of the foundations which will support Sofia offshore wind farm’s 100 wind turbines in the North Sea since the start of operations in May.The Dutch contractor Van Oord is using the Port of Tyne’s Clean Energy Park as a storage and marshalling base…

Shearwater Lands Second OBN Survey for TotalEnergies Off Angola

Oct 25, 2024

Offshore seismic services specialist Shearwater Geoservices has secured its second contract from TotalEnergies for an Angolan ocean bottom node (OBN) project.The three-month deepwater OBN survey at B20/11 covering the Golfinho and Cameia fields…

New JIP Looks Into Compact Steam Generator to Cut Offshore Platforms Emissions

Oct 25, 2024

Technology company Techouse has teamed up with several energy companies, including TotalEnergies and Equinor, to develop and test a compact once-through steam generator (OTSG) that could reduce fuel consumption and emissions at offshore installations…

DEME Gets Multi-Million Dollar Inter-Array Cabling Job at Dutch Offshore Wind Farm

Oct 25, 2024

Belgium-based offshore installation services company DEME has secured a contract, worth up to $320 million, to carry out the transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands…

Avangrid Wraps Up $160M Kitty Hawk North Lease Sale to Dominion Energy

Oct 25, 2024

Avangrid, the U.S. unit of Spain's Iberdrola, has closed the sale of Kitty Hawk North offshore wind lease are to Dominion Energy for approximately $160 million.The sale price consists of a lease acquisition payment of $117 million and associated development cost reimbursement to Avangrid…

Chinese Firm Takes Minority Share from SBM Offshore in Mero Field FPSO

Oct 25, 2024

SBM Offshore has completed the divestment of a 13.5% ownership interest in FPSO Sepetiba, deployed at Petrobras’ Mero field offshore Brazil, to China Merchants Financial Leasing (Hong Kong) Holding Co (CMFL).SBM Offshore is operator of the FPSO…

Beach Energy Delivers First Gas from Thylacine West to Otway Gas Plant

Oct 25, 2024

Australian oil and gas company Beach Energy has delivered first gas from the Thylacine West 1 and 2 development wells following successful connection to the Otway Gas Plant in Victoria.The Thylacine West development wells are located approximately…

Galp Spuds New Appraisal Well Offshore Namibia

Oct 25, 2024

Portuguese oil company Galp has started second exploration and appraisal campaign at Orange Basin block, offshore Namibia.The appraisal campaign is being conducted at blocks 2813A and 2814B, part of PEL 83 license, where Galp is the operator with 80% stake…

OKEA Secures Permit for New Brage Field Drilling Operation

Oct 24, 2024

The Norwegian Offshore Directorate has granted OKEA a drilling permit for a new wildcat well at Brage field in the North Sea.The permit is for a wellbore 31/4-A-23 F in production license 055.OKEA is the operator of the license with 35.2% stake…

Inyanga Launches Fundraising Campaign to Advance Tidal Energy Tech

Oct 24, 2024

Inyanga Marine Energy Group has launched a crowdfunding round to advance the development of its HydroWing tidal energy technology and projects.The crowdfudnign campaign has been opened in partnership with Crowdcube.HydroWing aims to unlock the…

Ashtead Technology Buys Two Acteon's Firms in $82M Deal

Oct 24, 2024

Subsea technology and services provider Ashtead Technology has signed an agreement with Acteon Group to acquire Seascan and its subsidiaries known as Seatronic, and its sister company J2 Subsea for $81.5 million.The latest acquisition will further…

Restart of Drilling Ops at Egypt’s Zohr Gas Field Expected in December

Oct 24, 2024

A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi told a press conference on Wednesday.Egypt plans to increase oil and gas exploration works in 2025…

Johan Sverdrup Oil Field’s Output Set for Decline from 2025

Oct 24, 2024

Norway's largest oilfield Johan Sverdrup is expected to come off its production plateau early next year, operator Equinor said on Thursday.The field hit record daily output of more than 756,000 barrels of oil per day in September, equivalent to some 6%-7% of Europe's daily oil consumption…

Equinor Sees 13% Fall in Quarterly Profit

Oct 24, 2024

Equinor reported a sharper-than-expected 13% decline in third-quarter profit on Thursday, hit by weaker oil prices and lower production, and cut its full-year outlook for capital expenditure and renewable energy production growth.The Norwegian…

DNV Heads Assessment to Help Unlock Funding for Eight US Offshore Wind Projects

Oct 24, 2024

Independent energy expert and assurance provider DNV has been appointed to perform technical due diligence to help unlock the financing of eight offshore wind projects on the United States’ Atlantic Coast.The technical due diligence DNV is providing…

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