Industry News

 

Strategic Marine Bags Six Vessels Construction Order, Lines Up Six More

Nov 11, 2024

Singapore-based shipbuilder Strategic Marine has signed a significant contract with Mainprize Offshore for the construction of six Supa Swath vessels, with an option for an additional six vessels.The Supa Swath vessels are designed to meet support a wide range of maritime activities…

AGR Concludes Technical Review of Aker BP’s CCS Licenses Off Norway

Nov 11, 2024

AGR’s reservoir management and subsurface team has delivered technical peer review of two carbon storage licenses in the Norwegian North Sea to Aker BP.The review's main goal was to ensure the evaluation of the two CO2 storage licenses has been…

Orlen Gets Permit for Norwegian Sea Drilling Ops

Nov 11, 2024

The Norwegian Offshore Directorate has granted Orlen Upstream Norway a drilling permit for an exploration well in the Norwegian Sea.The permit is for wellbore 6305/10-1 in production license 1055, operated by Orlen Upstream Norway with 60% working interest…

QatarEnergy Enters Exploration Block Offshore Egypt

Nov 11, 2024

QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in the Mediterranean Sea, offshore Egypt.According to the agreement, QatarEnergy will acquire a 23% interest…

More Than a Quarter of US Gulf of Mexico Oil Offline

Nov 10, 2024

More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday.There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday…

India Defends Propping Up Russian Oil - Prices "would have hit the roof"

Nov 09, 2024

Global oil prices 'would have hit the roof' if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from.India, the world's third largest oil importer and consumer…

Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data

Nov 08, 2024

Infostealers, a type of malware designed to steal sensitive information from an infected system, has marked significant rise in the first half of 2024 in the maritime domain, Marlink’s Security Operations Center (SOC) has reported.The whole…

RWE Picks Home Port for Construction of Denmark’s Largest Offshore Wind Farm

Nov 08, 2024

RWE has selected Thyborøn Port as the offshore construction base for its 1.1 GW Thor offshore wind farm in the North Sea.Thyborøn will be the home port for the project’s service vessels and the control center for managing marine logistics and traffic throughout the offshore construction phase…

Halliburton Misses Profit Estimate Following Damaging Cyber Attack

Nov 08, 2024

Halliburton third-quarter profit missed Wall Street estimate on a previously disclosed cyber hack that forced the oilfield services provider to pause a share repurchase program, executives said on Thursday.The company's shares fell 5.3% to $28…

Türkiye Offshore Wind Roadmap Outlines Up to 7GW Potential by 2040

Nov 08, 2024

World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched a new roadmap today which outlines the opportunities and challenges to deliver viable offshore wind projects in Türkiye…

Entrion Wind Secures US Patent for Deepwater Monopile Tech

Nov 08, 2024

Entrion Wind has secured a U.S. patent for its Fully Restrained Platform (FRP) monopile, which extends the range of traditional offshore wind monopile technology up to 100 meters water depths.Entrion Wind’s FRP monopile design integrates proven…

US LNG Firms Expect Expansion Regulations to Ease Under New Administration

Nov 08, 2024

U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's…

ExxonMobil Takes Ownership of FPSO Prosperity

Nov 08, 2024

ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block.ExxonMobil, through its affiliate ExxonMobil Guyana…

Key Strategies to Strengthen Maritime Cyber Security

Nov 07, 2024

Some of the key strategies to strengthen maritime cyber security include vigilance and proactive measures, timely incident reporting, and continuous improvement of security defenses, according to Marlink’s Security Operations Center (SOC) cyber security threats report…

Angola Outlines Plans for Multi-Year Oil and Gas License Rounds from 2026

Nov 07, 2024

Angola intends to replicate its maiden multi-year licensing round for oil and gas acreage from 2026, a senior government energy official said on Thursday, as the country looks to boost production and investment.The first multi-year auction for 50 onshore and offshore blocks was for 2019-2025…

Current News

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

Shell Seeks Buyer for 20% Stak

VAALCO Energy Spuds First Well in New Drilling Campaign off Gabon

VAALCO Energy Spuds First Well

US Judge Overturns Trump’s Freeze on Wind Energy Permits

US Judge Overturns Trump’s Fre

EnerMech Gets Onboard Woodside’s Pluto Train 2 LNG Project

EnerMech Gets Onboard Woodside

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