Industry News

 

Southeast Asia’s 1MW Tidal Energy Plant to Feature HydroWing Tech

Jan 31, 2024

Energies PH, through its affiliate San Bernardino Ocean Power Corporation, has awarded an engineering, procurement, and construction (EPC) contract to Inyanga Marine Energy Group to build tidal energy plant in Southeast Asia, which will feature HydroWing technology…

New Fortress Energy Gets US Clearance to Ship Altamira LNG

Jan 31, 2024

U.S. Customs and Border Protection has issued a ruling to New Fortress Energy, confirming that the transportation of LNG produced at the its FLNG facility located offshore Altamira in Mexico by non-U.S. qualified vessels would not violate the Jones Act…

Pemex Will Have Nearly $12 Billion for Debt Payments

Jan 30, 2024

Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday.Deputy Finance Minister Gabriel Yorio told…

Global Maritime Acquires Iberian Offshore

Jan 30, 2024

Global Maritime announced it has acquired engineering specialist Iberian Offshore, strengthening Global Maritime's footprint in the emerging Spanish offshore wind sector and serving as a gateway for future expansion into the Mediterranean region…

SLB and Equinor Set Autonomous Drilling Record Offshore Brazil

Jan 30, 2024

Oilfield services and technology company SLB and Equinor have drilled the most-autonomous well section to-date at Peregrino C platform offshore Brazil, marking a significant step forward to fully autonomous drilling operations.SLB digital technologies for surface automation…

GEOS Lands Contracts for Two PSVs with Oil Major

Jan 30, 2024

Norwegian vessel owner Golden Energy Offshore Services (GEOS) has entered into contracts for two of its platform supply vessels (PSVs) – Energy Passion and Energy Paradise.The contract is with ‘Tier 1 international oil major’ whose name was not disclosed…

Saudi Arabia Instructs Aramco to Lower Oil Production Capacity Target

Jan 30, 2024

Saudi Aramco on Tuesday said it was asked to cut its planned maximum sustainable oil production capacity to 12 million barrels a day (bpd), having raised it to 13 million bpd almost four years ago.The move in no way reflects a change of view…

EMGS Scoops $11.7M Survey Contract Offshore Brazil

Jan 30, 2024

Norway-based Electromagnetic Geoservices (EMGS) has secured a contract with Petrobras for a fully prefunded multi-client survey offshore Brazil.The total contract value is approximately $11.7 million, according to EMGS.The survey is expected to start late March or early April 2024…

Wellesley Gets Permit to Drill Wildcat Well in Toppand East

Jan 30, 2024

The Norwegian Offshore Directorate has granted Wellesley Petroleum a drilling permit for well 35/11-29 S in production license 248 C in the North Sea offshore Norway.The exploration well will be drilled with COSL’s COSLPromoter rig, hired on behalf of 248 C license partners by Wellesley Petroleum…

Saipem Confirms Incident on Castorone Pipelayer at Scarborough Gas Project

Jan 30, 2024

Italian offshore services company Saipem has reported an incident on its flagship Castorone vessel during a pipelaying operation at Woodside’s Scarborough gas field offshore Australia.Saipem has confirmed that early on the morning of January…

Skandi Emerald AHTS Set for Petrofac’s Northern Endeavour FPSO Job

Jan 30, 2024

Akastor's subsidiary DDW Offshore has secured a contract extension with Petrofac for its AHTS vessel that will be put on the Northern Endeavour FPSO disconnection job offshore Australia.The contract extension follows the original one-year contract…

Amazon to Source 473MW of Clean Power from Scottish Offshore Wind Farm

Jan 30, 2024

Amazon has signed a corporate power purchase agreement (CPPA) with developers of 882 MW Moray West offshore wind farm in Scotland, securing more than half of its capacity to power its UK operations.The CPAA was signed with Engie, which together…

Seadrill Secures $97.5M in New Drillship Contracts

Jan 30, 2024

Offshore drilling contractor Seadrill has secured multiple contract awards totaling approximately $97.5 million for its West Vela and West Cappella drillships, announcing also it would resume management services for its West Auriga drillship earlier than expected…

Westwood: $353B in Pre-FID Offshore Wind Projects Could be at Risk

Jan 29, 2024

Out of the 380 GW of pre-sanctioned offshore wind capacity that is forecast to reach FID between 2024 and 2030, nearly 40% of the pipeline is considered to be at risk, according to the new research by Westwood Global Energy Group.In its Project Certainty White Paper…

Prosafe's Safe Concordia Flotel on $12.7M Extended Stay in Gulf of Mexico

Jan 29, 2024

Offshore accommodation rig provider Prosafe has informed that its Safe Concordia semi-submersible flotel secured charter extension in the U.S. Gulf of Mexico.The charterer of the Safe Concordia flotel exercised early the first four months of six available months of options…

Current News

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GMS Scoops Middle Eastern Jack

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Yinson Production Cuts First S

MOL Gets ClassNK Approval for Jointing and Burial Vessels Design

MOL Gets ClassNK Approval for

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