Industry News

 

Egypt Wants to Develop Gaza's Offshore Gas Field

Oct 13, 2022

Egypt is aiming to take over the development of Gaza's offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy. While Egypt and Israel have been producing gas in the eastern Mediterranean for years…

Floating Wind Prize Grows, But Not Without Risks

Oct 12, 2022

Industry interest in floating offshore wind in the UK has seen rapid growth, but a race to the bottom in terms of cost, as well as port and manufacturing capacity, could mean targets are not met and challenge the long-term sustainability of the industry…

FOW Players Target 132kV Dynamic Cables

Oct 12, 2022

UK industry players are eying the development of 132kV dynamic array cables to meet the demands of ever larger turbines, but there are calls for standards to be agreed before they invest.The need for 132kV cables is being driven by the growth is turbine capacity to 15MW and beyond…

Israel Fast-tracks Lebanese Maritime Deal but Lawmaker Review Looms

Oct 12, 2022

Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…

Global Floating Offshore Wind Project Pipeline Hits 185GW Mark, RenewableUK Says

Oct 12, 2022

The total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now, according to a report published by RenewableUK on Tuesday.According to the report…

Keppel, Borr Drilling Strike Deal on Delivery Schedule for Five Jack-up Rigs

Oct 12, 2022

Singapore's Keppel said on Wednesday that it had reached a deal with the offshore drilling company Borr Drilling over the delivery schedule for five jack-up rigs ordered previously by Borr Drilling.The rig builder had in 2020 and 2021 agreed…

Philippines: Cadlao Oil Redevelopment Could Revitalize Upstream Sector

Oct 12, 2022

The Philippines is seeking to revive its moribund upstream oil industry with the redevelopment of an oil field that last produced in the early 1990s, as it hopes to wean itself off fuel imports, energy officials said on Wednesday. With the Southeast…

Maersk Supply Service to Install Three 10MW Turbines at Floating Wind Farm in France

Oct 12, 2022

Danish offshore vessel services firm Maersk Supply Service has secured a contract to transport and install three 10MW wind turbines at the EFGL (Eoliennes Flottantes du Golfe du Lion) wind farm, a pilot floating offshore wind project in France…

ERM Taps Principle Power to Progress FEED for Wind-to-Hydrogen Dolphyn project

Oct 12, 2022

Sustainability consultancy ERM has awarded a contract to Principle Power, a provider of floating foundation solutions for the floating wind industry, to progress the Front-End Engineering Design (FEED) for a Wind-to-Hydrogen Dolphyn 10 MW prototype project off the coast of Aberdeen…

CIP Picks Stiesdal Floater for 100MW Scottish Offshore Wind Farm

Oct 12, 2022

Copenhagen Infrastructure Partners (CIP) has selected Stiesdal Offshore’s TetraSub floating foundation structure for the 100MW Pentland Floating Offshore Wind Farm project, to be located off the coast of Dounreay, Caithness, Scotland.The technology…

UK Moves to Limit Revenues of Low-carbon Energy Producers

Oct 12, 2022

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…

Seadrill Approved to Relist on the New York Stock Exchange

Oct 11, 2022

Offshore drilling contractor Seadrill announced on Tuesday that it has received approval to relist its common shares on the New York Stock Exchange under the ticker symbol 'SDRL'.The company voluntarily delisted from the NYSE in June 2020, several…

TotalEnergies Set to Explore for Gas in Lebanese Waters, says Energy Minister

Oct 11, 2022

Lebanese caretaker energy minister Walid Fayyad said that French gas giant TotalEnergies would begin the process of exploring for gas in Lebanese waters as soon as a maritime border deal with Israel is concluded.Fayyad made the comments after meeting a senior TotalEnergies delegation in Beirut…

Israeli PM: Israel, Lebanon Reach Historic Deal on Maritime Border

Oct 11, 2022

Israel and Lebanon have reached 'a historic agreement' on their maritime border, Israeli Prime Minister Yair Lapid said on Tuesday. “This is a historic achievement that will strengthen Israel’s security, inject billions into Israel’s economy…

India Offers 42 Hydrocarbon Blocks in Latest Auction

Oct 11, 2022

India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country's upstream regulator, as the world's third largest oil consumer seeks to boost local output.'There is…

Current News

Gulf Marine Hooks Multi-Year Jack-Up Vessels Charter in Europe

Gulf Marine Hooks Multi-Year J

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

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

Equinor Halts Activities on Em

DOF Bags Two Deals in Asia-Pacific Region

DOF Bags Two Deals in Asia-Pac

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