Industry News

 

UK's Octopus Energy Launches $3.7B Offshore Wind Fund with Tokyo Gas

Nov 17, 2023

Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…

Final Turbines Installed at German Baltic Sea Wind Farm During Stormy Weather

Nov 16, 2023

Offshore wind developer Parkwind said Thursday that it had installed the final three turbines of its 27-turbine Arcadis Ost 1 offshore wind farm, marking the first time that turbines at a commercial fixed-bottom wind farm were installed using a floating vessel and not a jack-up unit…

Energy Transfer, TotalEnergies Pen Deal for Crude Oil Offtake from Blue Marlin Offshore Port

Nov 16, 2023

Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation…

Pipeline Construction Contractor Selected for Romanian Offshore Gas Project

Nov 16, 2023

Corinth Pipeworks, as a subcontractor of Sumitomo Corporation Europe, has won a contract to manufacture and supply approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore natural gas pipeline…

MODEC Hits Milestone: First Steel Cut in China for Guyana-Bound FPSO Errea Wittu

Nov 16, 2023

Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…

Venezuela's PDVSA Offers Corocoro Crude Cargo through Intermediary

Nov 16, 2023

Venezuela's state-run oil company PDVSA is offering to sell up to 1 million barrels of Corocoro crude through an intermediary, sources said on Wednesday, which could become the first sale of that grade in two years.Since Washington temporarily eased oil sanctions on the country last month…

Semco Maritime Secures 10-Year Offshore Wind Service Contract at North Sea Wind Farm

Nov 16, 2023

Danish offshore energy industry service provider Semco Maritime has been awarded a balance-of-plant service contract covering operations andmaintenance on the offshore wind farm Butendiek located in the North Sea around 32 kilometers from the Island of Sylt near the German-Danish border…

Britain to Boost Offshore Wind Auction Power Price Guarantees by 66%

Nov 16, 2023

Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment…

Norway Oil Companies Face Higher Investment Costs Due Inflation

Nov 16, 2023

Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office (SSB) survey showed on Thursday.The country's biggest business sector…

Odfjell Drilling's Offshore Rig Secures $138M Contract Extension with Equinor

Nov 16, 2023

Norwegian offshore drilling firm Odfjell Drilling said Thursday that Equinor had exercised options for seven wells to extend the use of its Deepsea Aberdeen offshore drilling rig on the Breidablikk field in the North Sea, offshore Norway.The…

EU Targets Upstream Methane Emissions from Imports

Nov 15, 2023

The European Council and Parliament have reached a provisional political agreement on a regulation for tracking and reducing methane emissions in the energy sector.The regulation introduces new requirements for the oil, gas and coal sectors to measure…

Seven Groups Apply for Norway's Offshore Wind Tender

Nov 15, 2023

Seven groups of energy companies have sought pre-qualification for Norway's first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest.The tender…

TotalEnergies CEO Says Gas Market Volatility to Remain Until New Supply Arrives

Nov 15, 2023

The Chief Executive of French energy giant TotalEnergies TTEF.PA said on Tuesday that the liquefied natural gas (LNG) market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.'Prices are volatile…

Alliance Forged to Build Offshore Converter Platforms in Warnemünde, Germany

Nov 15, 2023

The Meyer Group, which includes Neptun Werft in Warnemünde, said Wednesday it was joining forces with the Belgian company Smulders to build offshore converter platforms at the Warnemünde site. Warnemünde is a German port town on the Baltic Sea…

Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total

Nov 15, 2023

Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. 'The contracts have been signed on market terms and will ensure high fleet utilization in the coming years,' Rem Offshore said…

Current News

New York Terminates Offshore Wind Transmission Plan Due to Federal Uncertainty

New York Terminates Offshore W

Equinor Opts for CHC Helicopter to Service Two North Sea Fields

Equinor Opts for CHC Helicopte

High-Voltage Substation for RWE’s Thor Wind Farm Sails Away from HSM Offshore

High-Voltage Substation for RW

EnerMech Bags Two-Year O&M Services Extension in North Sea

EnerMech Bags Two-Year O&M Ser

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