Industry News

 

Gas Development Offshore Morocco

Dec 07, 2023

Energean plc has farmed into Chariot Limited’s acreage offshore Morocco, which includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity. This new country entry is well-aligned with Energean’s strategy to…

Floating Wind Leasing Round in the Celtic Sea

Dec 07, 2023

The Crown Estate, which manages the seabed around England, Wales and Northern Ireland, has set out further details of a new leasing round for three commercial-scale floating wind projects in the Celtic Sea off the coast of South Wales and South West England…

'Leave No Stone Unturned' in Gas Exploration, Norway Tells Industry

Dec 06, 2023

Norway still has vast proven natural gas resources without development plans, the Norwegian Petroleum Directorate (NPD) said on Wednesday, urging exploration companies to find ways of producing it despite technological challenges.As this year's COP28 U…

US Coast Guard Responds to Another GoM Oil Spill

Dec 05, 2023

The U.S. Coast Guard said on Wednesday it was responding to an oil discharge near the Main Pass Oil Gathering (MPOG) Co's pipeline system in the Gulf of Mexico, while the main pipeline and several surrounding ones remained shut in.'The reported…

Seatrium Names Adrian Teng CFO

Dec 05, 2023

Singaporean shipbuilding group Seatrium announced it has appointed Adrian Teng as Chief Financial Officer (CFO), effective January 1, 2024.Teng brings over two decades of diverse international experience in strategy, finance, restructuring,…

Governments Take Action to Keep Offshore Wind Projects on Track

Dec 05, 2023

Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets.Many countries are relying on a huge and rapid…

Vattenfall, BASF Partner on Nordlicht 1 and 2

Dec 05, 2023

Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 percent of the project shares to BASF. Both parties signed a Memorandum of Understanding to formally express their joint ambition…

Burrows Tapped to Lead DNV CCUS Unit

Dec 05, 2023

DNV appointed Jamie Burrows to head its Energy Systems business area’s Carbon Capture, Utilization, and Storage (CCUS) unit. The appointment comes as a response to growing demand from these fossil fuels-reliant industries to reduce their CO2 emissions…

Offshore Wind: Great Lakes Awarded Another Rock Install Job

Dec 04, 2023

U.S.-based dredging and marine services company Great Lakes Dredge & Dock Corporation on Monday announced it has been awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States…

Alicia Barton Named CEO of Vineyard Offshore

Dec 04, 2023

U.S.-based offshore wind developer Vineyard Offshore on Monday announced it has named Alicia Barton as the company’s new CEO, starting in January.Barton will take over for Lars T. Pedersen, who has led the company since it was founded in 2022 and before that led the team developing Vineyard Wind…

Petrofac Mulls Asset Sale; Warns on Cash Flow

Dec 04, 2023

Petrofac said on Monday it was in discussions to sell some non-core assets and warned it would no longer be able to meet its annual forecast of 'broadly neutral free cash flow', dragging the oilfield services provider's shares down nearly 8%…

Malaysia Banks 1 Billion+ BOE Discoveries in 2023

Dec 01, 2023

PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This achievement…

Fincantieri Set to Acquire Remazel Engineering

Dec 01, 2023

Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment…

Japan Urged to Scale up Offshore Wind Auctions

Nov 30, 2023

International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide…

McAllister Towing Releases Its First Sustainability Report

Nov 30, 2023

McAllister Towing has released its inaugural sustainability report.ABS specialists worked with McAllister’s team to provide greenhouse gas inventory and sustainability reporting services, calculating the operational carbon intensity and benchmarking…

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DeepOcean Set for Long-Term IMR Duty with Vår Energi

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Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Fugro Nets Mubadala Energy’s D

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