Industry News

 

Mammoet Launches World’s Strongest Land-Based Crane for Energy Sector

Sep 02, 2024

Heavy lift and transport services firm Mammoet has launched the SK6000 land-based crane, said to be the world’s strongest, capable of handling large offshore wind components and delivering reduced integration times to offshore oil and gas projects…

Petrobras Inks 26 Concession Contracts in Brazil’s Pelotas Basin

Sep 02, 2024

Petrobras has signed 26 concession contracts, acquired in partnership with Shell, for the blocks located in the Pelotas Basin, offshore Brazil.The concession contracts are part of the fourth Permanent Concession Offer Cycle of the public session held by the National Agency of Petroleum…

DNO Concludes Acquisition of Stakes in Five Norne Area Oil and Gas Fields

Sep 02, 2024

Norwegian oil and gas operator DNO has completed the acquisition of stakes in five oil and gas fields, including an operatorship, in the Norne area in the Norwegian Sea from Vår Energi.Following the closing of the transaction, DNO’s wholly-owned…

Windfall Tax Could Cost British Government $16 billion in Taxes

Sep 01, 2024

The British government's proposed plans to increase a windfall tax on North Sea oil and gas producers would lead to a 12 billion pound ($16 billion) drop in revenue to the state, an industry group said on Monday.The Labour government said in…

Timor Gap Joins Santos Gas Project JV

Sep 01, 2024

Timor-Leste's state-owned oil firm Timor Gap has acquired a 16% interest in the Bayu-Undan gas project, majority joint venture owner Santos said on Monday.Timor Gap has now become a part of the Bayu-Undan JV, which also includes SK E&S, INPEX…

Talos Energy CEO Tim Duncan Steps Down

Aug 30, 2024

Talos Energy said on Friday its CEO Tim Duncan had stepped down on Aug. 29 after serving more than 12 years as the U.S. oil and gas firm's top boss.Shares of the company fell 2.7% in premarket trade.The company named board member Joseph Mills…

Trinidad and Venezuela Set to Launch Seismic Survey at Joint Gas Fields

Aug 30, 2024

Seismic work at offshore gas fields shared by Venezuela and Trinidad and Tobago is expected to start in the coming days, the Caribbean country's energy minister Stuart Young said on Friday on social media.Venezuela in July issued a 20-year license…

CNOOC Positive on Fossil Fuel Demand

Aug 29, 2024

China's CNOOC Ltd believes fossil fuel will be a stabilising factor in global energy demand for the foreseeable future, as the offshore oil and gas major sets a record output target for 2024, its executives said on Thursday.The state-run company…

First Oregon Offshore Wind Lease Sale Announced

Aug 29, 2024

The US Department of the Interior will hold an offshore wind energy lease sale off southern Oregon on October 15, 2024.The auction will be conducted by the Bureau of Ocean Energy Management and could generate more than 3.1 gigawatts of renewable energy if fully developed…

Oceaneering Reports Multiple UK North Sea Contract Wins

Aug 29, 2024

Oceaneering International, Inc. announced that its UK subsidiary, Oceaneering International Services Limited, has secured multiple contracts for decommissioning, inspection, subsea preparation, and installation support services in the U.K. sector of the North Sea…

Mass. Maritime Renews Offshore Wind Training Partnership with RelyOn Nutec

Aug 29, 2024

Massachusetts Maritime Academy (MMA) on Thursday announced it has renewed its training partnership agreement with RelyOn Nutec GoM (Gulf of Mexico).The partnership was formed in 2019 and over the past five years has provided specialized Global…

Archer to Support TotalEnergies' Culzean Floating Wind Project

Aug 29, 2024

Archer Wind, Archer’s floating offshore wind solutions provider, has been awarded its first contract by TotalEnergies for delivery of the floating wind foundation for the Culzean Wind Pilot.The Culzean Wind Pilot will be connected to the Culzean platform…

1.1 GW Floating Offshore Wind Farm earns Key Approval

Aug 29, 2024

Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that joint venture KF Wind, a 1,125 MW floating offshore wind project being developed off the coast of Ulsan and owned by Mainstream (33…

Environmental Approval Granted for Floating Wind Project in South Korea

Aug 29, 2024

Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons, has announced that KF Wind, a 1,125MW floating offshore wind project being developed off the coast of Ulsan, South Korea, has secured the…

Ørsted Marks Green Transition with Final Coal Plant Shut-Down

Aug 29, 2024

On August 31, Ørsted will shut down its last coal-fired combined heat and power plant, Esbjerg Power Station, located in the Western part of Denmark.The yearly consumption of coal at Esbjerg Power Station has been approximately 500,000 tonnes…

Current News

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni

Libya Awards First Oil Blocks

TGS Embarks on Multi-Client 2D Survey off Angola

TGS Embarks on Multi-Client 2D

Orbital Marine Grows UK and Canada Tidal Energy Orderbook to 32MW

Orbital Marine Grows UK and Ca

SIT, Seatrium Launch Offshore and Marine Digital Learning Lab

SIT, Seatrium Launch Offshore

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