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Australia - a Land of Promise and Hurdles for Offshore Wind Developers

Sep 26, 2022

Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark's Orsted and Norway's Equinor. But the industry, starting from scratch Down Under, faces a slew of challenges.After more than a decade of weak climate action under conservative leaders, Anthony Albanese's new Labor government has committed to net zero emissions by 2050 - a goal that aligns with states' renewable energy goals…

Taiya Renewable Energy, BW Ideol in Floating Wind Pact

2 hours ago

Taiya Renewable Energy on Tuesday announced a joint development of a floating offshore wind pipeline including a 50 MW floating wind pilot-project and commercial-scale projects offshore Taiwan with floating wind specialist BW Ideol.'This cooperation…

BP Taps GWIS for Engineering & Construction Services in Gulf of Mexico

3 hours ago

GW Integrated Solutions LLC (GWIS), a consortium of Worley and Grand Isle Shipyard (GIS), has won a contract with BP to provide engineering, procurement, fabrication and construction services to BP-operated offshore assets in the Gulf of Mexico…

Lyne Steps Into Chief Commercial Officer Role at Valaris

Sep 26, 2022

Offshore drilling contractor Valaris on Monday announced that Matt Lyne has commenced his role as senior vice president and chief commercial officer, having been appointed to the role in late May.Lyne previously served as chief commercial and strategy officer at rival Seadrill…

S.Korea's Hanwha Group to Invest $1.4B for Daewoo Shipbuilding

Sep 26, 2022

South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd signed a tentative agreement on Monday for Hanwha Group to invest 2 trillion won ($1.4 billion) in return for a 49.3% stake and management rights in the shipbuilder, the companies and Daewoo's major stakeholder said…

Shell Pulls Out of Two Irish Offshore Wind Projects

Sep 26, 2022

Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments. Shell and Simply Blue said in a joint statement on Saturday that Shell's…

Petro Rio to Buy TotalEnergies' Stake in Itaipu Field

Sep 26, 2022

Brazilian oil company Petro Rio has signed a deal with TotalEnergies for the acquisition of a 40% interest in the BM-C-32 Block (“Itaipu Field” or “Itaipu”).Together with the 60% interest in Itaipu acquired from BP in July 2021, this transaction…

Equatorial Guinea Approves VAALCO's Development Plan for Venus Discovery

Sep 26, 2022

VAALCO Energy said Monday that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development (“POD”). VAALCO has an 80% participation interest in the project and is the operator. Upon the execution of final documents…

India's BPCL Signs MoU with Petrobras to Diversify Oil Sourcing

Sep 26, 2022

India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras PETR4.SA to help it diversify its crude oil sourcing.Indian state refiners rarely buy Brazilian oil. The Memorandum…

ADNOC to Supply First LNG for RWE's Floating LNG Import Terminal at Brunsbüttel

Sep 26, 2022

German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver liquefied natural gas to Europe's largest economy by the end of December, RWE announced on Sunday.Though the initial amount to be delivered is relatively small…

Maersk Drilling Secures Work for Maersk Viking Rig in Malaysia

Sep 26, 2022

Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the Maersk Viking drillship in Malaysia. The drillship will also work for PTTEP.Shell's Malaysian subsidiaries have have…

India's ONGC Says No Clarity on Resumption of Sakhalin-1

Sep 26, 2022

India's Oil and Natural Gas Corp ONGC.NS said on Monday there was no clarity on the resumption of its oil and gas project Sakhalin-1.Production at Sakhalin-1 was 'minimized' shortly after the Ukraine war started and there is no clarity or timeline yet when it could be resumed…

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

Sep 23, 2022

Stephen Chazen, who rose to the top of Occidental Petroleum OXY.N during a lengthy career and after his retirement started and ran a Texas shale-oil producer, has died aged 76 after an illness.Chazen was chief executive and chairman of Houston-based Magnolia Oil and Gas Corp…

OMV Confirms Find in One of "Largest Prospects in Norway"

Sep 23, 2022

The Norwegian arm of Austrian energy and petrochemicals company OMV has confirmed that the Oswig exploration well in the Norwegian North Sea has made a gas-condensate discovery. OMV (Norge), as operator, said that it and its partners had now…

Maersk Drilling Tapped for Danish Drilling

Sep 23, 2022

Maersk Drilling has been awarded a contract with INEOS E&P A/S drilling two development wells and intervention work offshore Denmark. The contract is for use of the harsh-environment jack-up rig Maersk Resolve. The two development wells will be drilled at the Solsort field…

Current News

Greater Tortue Ahmeyim FPSO Returned to Quayside after Drifting Off Due to Typhoon

Greater Tortue Ahmeyim FPSO Returned to Quayside after Drifting Off Due to Typhoon

GMS Nets 22-Month Contract for One of Its Jack-up Units

GMS Nets 22-Month Contract for One of Its Jack-up Units

Taiya Renewable Energy, BW Ideol in Floating Wind Pact

Taiya Renewable Energy, BW Ideol in Floating Wind Pact

Uniwise Offshore Boosts OSV Fleet Cyber-Security with Inmarsat's Fleet Secure UTM

Uniwise Offshore Boosts OSV Fleet Cyber-Security with Inmarsat's Fleet Secure UTM

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