Industry News

 

As Australian LNG Strike Looms, Impact Limited ... for Now

Aug 21, 2023

The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel.Unions at Woodside Energy Group's…

INPEX Acquires Stake in Block Offshore Western Australia

Aug 21, 2023

INPEX has established a new company INPEX Cash Maple and acquired 74% of the participating interest held by PTTEP Australasia in the AC/RL7 block offshore from Western Australia.TotalEnergies Exploration Australia, a subsidiary of TotalEnergies…

Unions Notify Woodside They May Strike at Key Australia Platforms

Aug 20, 2023

Unions at Woodside Energy Group's North West Shelf offshore gas platforms on Sunday announced plans to strike as early as Sept. 2, which could eventually disrupt shipments of LNG from top global exporter Australia.The strike threat escalates…

Equinor Gets Green Light for Norwegian Sea Well Drilling

Aug 18, 2023

Norwegian oil and gas firm Equinor has received consent from the Petroleum Safety Authority Norway for exploration drilling in the Norwegian Sea.The consent is for drilling in the production license 1058 for the JDE prospect (Well 6307/1-2 JDE)…

Colombia Must Build Trust to Carry Out Energy Transition - New Minister

Aug 18, 2023

Colombia needs to rebuild trust between communities, businesses and the government to successfully execute its energy transition, Minister of Mines and Energy Andres Camacho told journalists on Thursday. Camacho, an electrical engineer who previously worked in the ministry as an adviser…

Norway Awards CO2 Storage License in North Sea

Aug 18, 2023

The Norwegian Ministry of Petroleum and Energy awarded one CO2 storage license in the North Sea to Sval Energi AS, Storegga Norge AS, and Neptune Energy Norge AS.'Carbon capture and storage of large amounts of CO2 is important to reach our climate…

Implenia and NorSea to Build Floating Offshore Wind Plant In Norway

Aug 18, 2023

Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…

Boskalis' Offshore Energy Branch Sees 1H Revenue Increase 50%

Aug 18, 2023

Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023.All business units within the Offshore Energy branch saw increases in both revenue and earnings…

Schroders Greencoat Acquires 25% Stake in London Array Wind Farm from Ørsted

Aug 18, 2023

Denmark-based offshore wind developer Ørsted has divested 25% of the London Array Offshore Wind Farm.Ørsted in July, signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets…

PGS, inApril Partner for Hybrid Towed Streamer and OBN Services

Aug 18, 2023

Norway-based marine seismic survey services firm PGS has entered a one-year strategic collaboration with ocean bottom node seismic operations specialist inApril for the hybrid towed streamer and ocean bottom node market.'The strategic collaboration…

Red Rock Installs 40T AHC Offshore Crane on Astro Aquila Vessel

Aug 17, 2023

Norwegian offshore crane supplier Red Rock said Wednesday it had successfully commissioned a 'highly advanced' 40T AHC Offshore Crane on an offshore vessel for a client in UAE. 'Overload test and functional tests were done with client and Class Society present…

Offshore Wind Supply Chain Struggles Threaten Global Targets

Aug 17, 2023

The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie.This…

VIDEO: Ocean Power Technologies' WAM Vessel Attaches to Buoy for Remote Charging

Aug 17, 2023

Ocean Power Technologies said Thursday it had made a pivotal achievement in the autonomous maritime technology field, by demonstrating the Wave Adaptive Modular Vessel (WAM-V) attaching itself remotely to a buoy and establishing a connection that will enable charging…

Dutch Court Rules Huge Carbon Capture Project Can Go Ahead

Aug 17, 2023

The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.The planned 'Porthos' project would be Europe's largest carbon capture…

Mainstream, Ocean Winds to Develop 500MW Floating Offshore Wind Site in Scotland

Aug 17, 2023

Renewable energy firms Mainstream Renewable Power and Ocean Winds have partnered to develop a second ScotWind floating offshore wind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm to 2.3 GW.Arven comprises two sites…

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