Offshore Engineer Industry News News - page 172

 

Wales Grants Consent for First Floating Wind Farm

Mar 13, 2023

Welsh Ministers have granted a Section 36 consent with deemed planning permission to Blue Gem Wind consortium to build and operate the Erebus floating wind project. The news follows the recent decision by Natural Resources Wales to provide the…

Malaysia's Petronas Posts Higher Q4 Profit, Sees Lower Oil Prices in 2023

Mar 13, 2023

Malaysia's state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy…

With Reserves of its Own, Colombia Does Not Need Venezuela's Gas -Ecopetrol

Mar 13, 2023

Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.Companies have proposed reactivating a dormant gas pipeline…

Wärtsilä Signs Five-year Vessel Maintenance Deal with Abu Dhabi's NPCC

Mar 13, 2023

Finland-based marine technology company Wärtsilä has signed a five-year vessel maintenance deal with Abu Dhabi-based firm National Petroleum Construction Company (NPCC).Wärtsilä said that the agreement covered seven vessels in the NPCC fleet and was designed to maximize operational uptime…

Saudi Aramco Posts Record Profit of $161.1B in 2022

Mar 13, 2023

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold, and improved margins for refined products.The profits, which are around triple that of Exxon's $56 billion…

Tiny Baltic Isand Finds Itself 'a pawn' in Nord Stream Gas Drama

Mar 13, 2023

Inhabitants of the tiny island of Christiansö in the Baltic Sea found themselves in the glare of global media attention this week after reports alleging a boat moored off the rocky outcrop was used to blow up the Nord Stream gas pipelines. 'Practically…

TotalEnergies to Use Transocean's Harsh Environment Rig for Benriach Drilling

Mar 10, 2023

TotalEnergies is set to use Transocean's harsh environment semi-submersible drilling rig to drill the Benriach offshore exploration well in the Laggan Tormore area, west of Shetland, UK.As previously reported, TotalEnergies' partner Kistos said…

Dolphin Drilling's Blackford Dolphin Rig Arrives in Nigeria ahead of GHL Contract Start

Mar 10, 2023

Offshore drilling firm Dolphin Drilling said Thursday its Blackford Dolphin drilling rig had arrived in Nigeria.The rig is preparing to start operations under a 12-month contract with General Hydrocarbons Limited (GHL).Worth noting, Dolphin…

Ross Offshore Charters Fishing Vessel for Offshore Survey Work

Mar 10, 2023

Norwegian offshore energy industry services firm Ross Offshore has agreed to charter Teige Gruppen's Sunny Lady fishing vessel for future offshore activities.The initial agreement is for the charter for the summer of 2023, but the parties envision long-term cooperation…

Harbour Energy Plans Share Buyback after Cashflow Triples, Windfall Tax Weighs

Mar 10, 2023

Harbour Energy, Britain's largest oil and gas producer, said on Thursday it will conduct a $200 million share buyback, after higher oil prices helped free cashflow triple to $2.1 billion but windfall taxes weighed on its profit. After Britain…

EU Plans Annual Naval Exercise to Protect Subsea Pipelines, Cables, and Offshore Wind Farms

Mar 10, 2023

The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure at sea, the EU environment policy chief said.Concerns about security threats to Europe's maritime infrastructure…

Indonesia Invites Oil Firms to Set Up Carbon Capture Facilities

Mar 10, 2023

Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.The resource-rich country, which is also one of the world's biggest greenhouse gas emitters…

Trinidad in Substantive Talks with Venezuela on Offshore Gas Project

Mar 10, 2023

Trinidad and Tobago has held substantive talks with Venezuela on developing the promising Dragon offshore gas field following a U.S. authorization to begin the long-stalled project, Energy Minister Stuart Young told Reuters on Thursday. Young…

Petrobras, Shell to Look for Joint Offshore Drilling Opportunities

Mar 10, 2023

Brazilian state-run company Petrobras and international oil major Shell will work together to identify potential opportunities to explore for and produce crude and natural gas, Petrobras said on Thursday. Under a memorandum of understanding signed by the companies…

General Dynamics NASSCO Sets Its Sights on Offshore Wind

Mar 09, 2023

U.S. shipyard General Dynamics NASSCO has signed a memorandum of understanding (MOU) with Navantia Seanergies, the green energy division of Spanish state-owned shipbuilder Navantia, in pursuit of opportunities in U.S. offshore wind.The partners…

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