Industry News

 

Gas Production Starts in Argo Cassiopea field, says Eni

Aug 19, 2024

Eni reports it started gas production from the Argo Cassiopea field, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily. Once captured, the gas is transported through a 60 km subsea pipeline to the Gela processing plant…

Environmental Group Backs Out of Scarborough Litigation

Aug 19, 2024

Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the ACF’s challenge to a primary environmental approval for Woodside’s Scarborough Energy Project.The Scarborough Energy Project has all primary environmental approvals in place and offshore work is progressing well…

Start-Up Aims for Free-Range Wind Farms via Sailing Vessels

Aug 18, 2024

British startup DRIFT Energy has closed a seed funding round for making green energy at sea using hi-tech sailing vessels.Led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, and with support from Blue Action Accelerator…

Heat Drives Asian LNG Spot Price Spike

Aug 16, 2024

Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14…

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

Aug 16, 2024

Cadeler took delivery of the fifth and newest addition to its fleet – Wind Peak, the first of seven newbuilds for which Cadeler currently has signed contracts. The P-class jack-up installation vessel was built at COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong…

Orsted Might Consider Chinese Turbines

Aug 15, 2024

Offshore wind farm developer Orsted has no Chinese turbines in its current project pipeline, its CEO said on Thursday, but did not rule out buying turbines or technology from China in the future.The European wind turbine market is dominated by local players such as Vestas and Siemens Gamesa…

ExxonMobil Reports Near Miss During Crew Change Offshore Canada

Aug 15, 2024

ExxonMobil Canada Properties (EMCP) reported a near miss event occurred on August 7, 2024, during a gangway crew change between the survey vessel Amazon Conqueror and offshore supply vessel (OSV) Victory G off Canada's East Coast.Operations…

Ørsted Delays US Offshore Wind Project as Impairment Losses Hit

Aug 15, 2024

Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday…

Petrobras Puts Two Techdof’s PLSVs Back to Work

Aug 15, 2024

Petrobras has awarded contracts to Techdof, a joint venture between DOF Subsea and TechnipFMC, for two of its pipelay support vessel (PLSVs).Petrobras extended the existing contract for PLSV Skandi Açu to mid-2026. This extension will be followed by the new three-year contract ending mid-2029…

TDI-Brooks Wraps Up Geotechnical Job Offshore Mexico

Aug 15, 2024

TDI-Brooks, a U.S.-based marine services company specializing in geotechnical and offshore survey projects, has completed a third-party geotechnical coring project for Geohidra in the Southern Gulf of Mexico.This operation took place aboard the MV Laguna Azule…

Subsea7 Hires GEG to Fabricate Subsea Spools for Aker BP’s Yggdrasil Field

Aug 15, 2024

Global Energy Group (GEG) has been awarded a contract from Subsea7 Norway, to fabricate 134 subsea spools for the Aker BP-operated Yggdrasil field in the North Sea.The work will be executed from GEG’s flagship multi-user energy facility at the Port of Nigg…

Valeura Produces First Oil from Nong Yao Extension Off Thailand

Aug 15, 2024

Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter…

Guyana Hammerhead Oil Project Plan Expected in 2025

Aug 14, 2024

A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day…

Project Labor Agreement Signed for Salem Offshore Wind Terminal

Aug 14, 2024

Workers, community members, and elected officials have marked the signing of a new Project Labor Agreement (PLA) for the construction of a $300 million maritime terminal that will support the construction of offshore wind farms in Massachusetts…

Poland Launches $5.5B Offshore Wind Loan Plan

Aug 14, 2024

Poland is launching a nearly 5 billion euro ($5.46 billion) programme financed from the European Union's recovery funds to provide loans to builders of offshore wind farms on the Baltic Sea, the state assets ministry and bank BGK said on Tuesday…

Current News

Aphrodite Gas Field off Cyprus Advances as Partners Approve FEED Phase

Aphrodite Gas Field off Cyprus

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Gulf Marine Hooks Multi-Year J

Mooreast, GMC Eye North Sea Offshore Wind and O&G Opportunities

Mooreast, GMC Eye North Sea Of

Equinor Halts Activities on Empire Wind Project After US Stop-Work Order

Equinor Halts Activities on Em

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