Industry News

 

‘World’s Largest’ Floating Wind Platform on Its Way to Offshore Site in China

Aug 13, 2024

China’s Mingyang Smart Energy has started towing what’s said to be the world’s largest single-capacity floating wind platform, rated at 16.6MW, to the the Qingzhou IV offshore wind farm site in South China Sea.The floater, dubbed OceanX, features…

Brazil Environmental Workers Agree to Stop Strike Affecting Oil Permits

Aug 13, 2024

A union representing Brazil's federal environment workers said it had signed an agreement with the government to end a strike affecting oil and gas licenses in Latin America's largest economy, according to a press release on Monday.The union Ascema…

First LNG Cargo Sets Sail from New Fortress Energy’s Mexico FLNG (Video)

Aug 13, 2024

One of the world’s leading LNG project developers New Fortress Energy (NFE) has completed the first cargo load and sail operation from its floating liquefied natural gas (FLNG) unit offshore Altamira in Mexico.The first cargo has been loaded…

Germany Picks Winners of 5.5GW Offshore Wind Tender

Aug 13, 2024

In the latest offshore wind auction, Germany has awarded three sites in the North Sea, totaling 5.5 GW, to RWE and Waterekke Energy, which is linked to the asset manager Luxcara.RWE has been awarded the N-9.1 and N-9.2 sites in the German North Sea…

Petronas Helps Suppliers Go Green

Aug 12, 2024

Petronas is encouraging Malaysia’s oil and gas services and equipment suppliers to embrace sustainability principles by providing training and tools to help them adopt new practices.Petronas will help with ESG knowledge and capacity building…

Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite

Aug 12, 2024

Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite…

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

Aug 12, 2024

Australian oil and gas producer Beach Energy, backed by billionaire Kerry Stokes, slumped to a more than 2-1/2-year low on Monday after it reported a decline in profit and downgraded reserves for a key gas field in Victoria state.The company's shares closed 12…

Industry First: Deepwater Tech Brings Chevron's Anchor Field Online (Video)

Aug 12, 2024

The first oil from the Anchor field, operated by Chevron with partner TotalEnergies, has started flowing in the U.S. Gulf of Mexico, marking the successful delivery of the high-pressure technology in an industry first.The high-pressure technology…

McDermott Scoops Shell’s EPCI Contract for Caribbean Gas Development

Aug 12, 2024

Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…

XOCEAN to Deploy USV Fleet for Geophysical Survey at UK Offshore Wind Farm

Aug 12, 2024

A fleet of XOCEAN’s uncrewed surface vessels (USVs) will be deployed at Dogger Bank D offshore wind farm to carry out a multi-beam echosounder (MBES) geophysical survey, starting from August 13.Eleven XOCEAN USVs will be mobilized from Scarborough…

Talos to Drill Three High-Impact Wells in Gulf of Mexico with West Vela Drillship

Aug 12, 2024

U.S. oil and gas company Talos Energy has set out plans to drill three consecutive high-impact subsalt wells in the Gulf of Mexico, using Seadrill’s West Vela drillship.In an operations update, Talos Energy said it expects to take possession…

New Fortress Energy's Stock Goes Down Amid Q2 Net Loss Report

Aug 12, 2024

New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico.New Fortress stock was down 25% on Friday morning on Nasdaq.The company reported…

US Drilling Firms Grow Oil and Gas Rig Count

Aug 12, 2024

U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to August 9…

SeaTwirl, Serica Energy to Explore Electrification of Offshore Assets with Floating Wind

Aug 12, 2024

Floating wind turbine developer SeaTwirl has signed memorandum of understanding (MoU) with offshore oil and gas operator Serica Energy to collaborate on exploring the feasibility of electrification of offshore assets and oil and gas activities with SeaTwirl's floating wind turbine…

Crawlers to Inspect Blades After Vineyard Wind Failure

Aug 11, 2024

Vineyard Wind and GE Vernova on Friday released a plan outlining the steps to be followed after a turbine blade failure last month at the Vineyard Wind offshore project off the coast of Massachusetts, which left potentially dangerous debris on beaches on the island of Nantucket…

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