Australia's Woodside Petroleum on Monday took a big step toward funding its biggest growth project, announcing the sale of a 49% stake in the planned expansion of its Pluto liquefied natural gas (LNG) plant in Western Australia.In a statement…
Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje…
Saipem, an Italian energy industry construction and installation services provider, has secured two new offshore contracts in Australia and Turkey totaling more than $600 million for transportation and installation activities.In Australia, Chevron…
Saab Seaeaye, a company building underwater remotely operated vehicles, has agreed to sell 10 of its newly launched electric work remotely operated vehicles (eWROV), including further options, to marine robotics company, Ocean Infinity.'The…
Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not 'simply unplug' from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand…
Norway's trade surplus rose to a record high in October as revenues from its offshore petroleum fields soared, led by a spike in the price of natural gas, national statistics agency (SSB) data showed on Monday.The October surplus hit 84.5 billion Norwegian crowns ($9…
Oil firm Rex International's subsidiary Lime Petroleum has entered into an agreement with Nautilus Carbon Services AS to participate in the first phase of a larger project involving several other joint-industry project partners, which aims to…
Sif Netherlands and Smulders will build all 87 monopiles and transition pieces for the third phase of the Dogger Bank wind farm located in the North Sea off the North East coast of England.After the award in November 2020 of contracts for Dogger Bank A and B…
Denmark-based offshore wind developer Ørsted has signed a 175 million euros (around $200 million) eight-year loan deal with the Nordic Investment Bank (NIB) with the proceeds to be used for the financing of its investment in the Borssele 1 & 2 Offshore wind farm in the Netherlands…
The Crown Estate for England, Wales, and Northern Ireland has this week confirmed plans to unlock up to 4GW of floating wind power capacity in the Celtic Sea 'and help establish a new industrial sector for the UK.'It said Thursday that the leasing…
Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang in Vietnam for a 200 MW phase of a 1.4 GW offshore wind project.The project is anticipated to reach a financial close in 2022…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industry, has won two contract extensions for its jack-ups.GMS said Thursday the contracts were for a K and S Class vessel and on improved dayrates.'The…
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…
Operational risk management company ABSG Consulting Inc. and marine offshore and engineering consultancy Global Maritime announced their alliance to support the U.S. offshore wind sector. Global Maritime's U.S. subsidiary, American Global Maritime Inc…
Australian offshore services firm MMA Offshore has acquired 49.9% of the shares in the Taiwanese survey company Global Aqua Survey Ltd to form a new joint venture, the MMA Global Aqua JV, which will target the quickly growing offshore wind sector in Taiwan…
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