Industry News

 

Spanish Firm Signals interest in Offshore Wind Farms in Portugal

Sep 26, 2023

Spanish renewable energy firm Capital Energy has submitted requests for a preliminary environmental analysis for three floating offshore wind farms with a total power of 2 gigawatts, Portugal's environmental agency APA said on Monday. In July…

US to Complete Offshore Wind Auctions on Schedule in 2024, Department of Interior Says

Sep 26, 2023

The Biden administration will complete its ambitious offshore wind leasing schedule on time next year, the Interior Department told Reuters, despite delays to preparatory work for the auctions and sagging demand from the industry.President Joe…

U.S. BOEM Completes Environmental Review of Coastal Virginia Offshore Wind Project

Sep 25, 2023

The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental review of the proposed Coastal Virginia Offshore Wind (CVOW) commercial project.“The completion of our environmental review marks another step towards…

Venezuelans to Vote in Referendum on Territory - Minister

Sep 25, 2023

Venezuela's National Assembly has green-lighted a referendum regarding a territorial dispute with Guyana, Foreign Minister Yvan Gil said on Saturday in an address to the United Nations. Venezuela this week rejected Guyana's recent oil tender…

Subsea 7 and OneSubsea Pen Deal with BP for Integrated Subsea Projects

Sep 25, 2023

Offshore installation firm Subsea 7 and SLB's OneSubsea, as part of their Subsea Integration Alliance, have signed a memorandum of understanding (MoU) aimed at forming a framework agreement with BP for integrated subsea developments.Under the framework agreement…

Mexico's First Offshore LNG Plant to Receive Final Piece Soon

Sep 25, 2023

The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.LNG developer…

Biden Administration to Appeal Judge's Order Expanding Gulf Oil Auction

Sep 25, 2023

The Biden administration and environmental groups on Friday said they would appeal a Louisiana federal judge's ruling that ordered an expansion of next week's sale of oil leases in the Gulf of Mexico.The U.S. Interior Department and groups including…

CORRECTED-Lego Abandons One of Its Projects to Make Oil-free Bricks

Sep 25, 2023

Danish Toymaker Lego has abandoned its most high-profile effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, the Financial Times reported on Sunday. Lego found that bricks made from recycled polyethylene terephthalate (RPET)…

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

Sep 22, 2023

China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Sep 22, 2023

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict. Developments over Karabakh could alter the geopolitical balance in the South Caucasus…

Edda Wind Secures Further Work for Edda Passat SOV

Sep 22, 2023

Norwegian offshore wind vessel owner Edda Wind has secured a contract for its service operation vessel Edda Passat.The Edda Passat SOV has operated for Ørsted at Race Bank Offshore Wind Farm since it was built in 2018, and the charter is expiring in October 2023…

U.S. Judge Orders Expansion of Gulf of Mexico Oil Lease Auction

Sep 22, 2023

A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry…

Nexans Aurora 2.0: Ulstein Verft to Build Another High End Cable Layer for Nexans

Sep 22, 2023

Nexans Marine Operations and the Norwegian shipbuilder Ulstein Verft have entered into a contract for the construction of a large DP3 cable-laying vessel, which will be an updated version of the Nexans Aurora vessel, delivered in 2021.The vessel is an ST-297 CLV design by Norway-based Skipsteknisk…

Shapoorji Pallonji Energy Unveils 'Sterling Streamline' FPSO Hull Design

Sep 22, 2023

Shapoorji Pallonji Energy Pvt Ltd (SPE), on Friday unveiled a new generation of its standardized newbuild Hull concept design for large FPSOs called Sterling Streamline.'SP Energy, India’s sole specialist in designing, building, owning and operating…

Petronas, MISC, MOL Looking to Create LCO2 Carrier Joint Venture

Sep 22, 2023

Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and…

Current News

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Archer to Remain North Sea Dri

Tekmar Secures Over $9M Offshore Wind Cable Protection Deal

Tekmar Secures Over $9M Offsho

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