Industry News

 

BOEM Announces Review of Proposed Vineyard Northeast Project

Mar 24, 2024

The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point.  BOEM estimates the proposed project would generate up to 2…

US Revises Tax Credit Rule to Help Offshore Wind Projects

Mar 24, 2024

The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment.The revision…

Woodside Seeks Better Terms to Develop Trinidad's Calypso Gas Project

Mar 24, 2024

Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deepwater natural gas project there, CEO Meg O'Neill told Reuters this week.The Caribbean…

Leaky Platforms: Pemex Knocked for Delayed Repairs, "Vast" Methane Leaks

Mar 22, 2024

Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure.New data…

Exxon Mobil Continues to Ramp Up LNG Portfolio

Mar 22, 2024

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke…

CNOOC Files Arbitration Over Hess Stake in Guyana Oil Block

Mar 22, 2024

Chinese offshore oil and gas major said it had filed an arbitration claim to establish a right over Hess' stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm's sale to Chevron.CNOOC filed the arbitration application on March 15…

US Offshore Wind Development Could Ensure East Coast Grid Reliability

Mar 21, 2024

Offshore wind energy development presents an opportunity to add transmission capacity to the U.S. East Coast's power system that could ensure reliability for electric grid, according a study released by the U.S. Department of Energy (DOE) on Thursday…

Perenco Confirms Five Dead at Platform Incident Offshore Gabon

Mar 21, 2024

UK oil and gas company Perenco has confirmed five fatalities from the fire incident on its Perenco Becuna platform offshore Gabon, with one person still missing.The incident took place on March 20, 2024 at approximately 15.25 (Gabon time). The…

Rem Offshore Places Order for Next-Gen Subsea Construction Vessel

Mar 21, 2024

Norway-based offshore vessel owner Rem Offshore and shipbuilder Myklebust Verft have signed a contract for the construction of an Energy Subsea Construction Vessel (ESCV) with a 250-tonne crane.The vessel will be delivered in 2026 and will be…

Norwegian Court Pauses Ban for Two Aker BP-Operated Oil and Gas Fields

Mar 21, 2024

A Norwegian appeals court put on hold an injunction that could have halted the development of two oilfields operated by Aker BP, environmental group Greenpeace said on Thursday, in a win for the government and energy companies.In January, the…

Euroports and BlueFloat Forge Strategic Offshore Wind Alliance

Mar 21, 2024

One of the largest port-infrastructure companies Euroports and Spanish offshore wind developer BlueFloat Energy have signed a memorandum of understanding (MoU) to foster cooperation in supply chain and ports infrastructure for the delivery of offshore wind in Europe…

Second Offshore Wind Sale Proposed for Gulf of Mexico

Mar 21, 2024

The U.S. Department of the Interior has unveiled proposal for a second offshore wind energy auction in the Gulf of Mexico, which would cover four areas offshore Louisiana and Texas.Totaling 410,060 acres, the next Gulf of Mexico offshore wind…

Two Injured, Five Missing as Fire Breaks Out at Perenco’s Platform Offshore Gabon

Mar 21, 2024

Oil and gas company Perenco has reported an incident involving fire on its Perenco Becuna platform offshore Gabon.The incident took place on March 20, 2024 at approximately 15.25 (Gabon time).Initial reports indicate two persons have been injured and five are currently missing…

Optime Subsea to Deliver Two ROCS for Deepest Gas Field Offshore Norway

Mar 21, 2024

Optime Subsea has been contracted by Equinor to deliver two Remotely Operated Control Systems (ROCS) for use at the operator’s Irpa field development in the Norwegian Sea.Optime Subsea will manufacture the two ROCS systems at the company’s headquarter in Notodden…

Oceaneering and GDi Team Up for Oil and Gas Digital Asset Management

Mar 21, 2024

Oceaneering International has signed a strategic collaboration agreement with Global Design Innovation (GDi) to deliver digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation. The…

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Transocean-Valaris Tie-Up to C

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